Coal India is currently trading at Rs. 137.50, up by 2.20 points or 1.63% from its previous closing of Rs. 135.30 on the BSE.
The scrip opened at Rs. 136.55 and has touched a high and low of Rs. 137.70 and Rs. 135.80 respectively. So far 348559 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 214.50 on 15-Jan-2020 and a 52 week low of Rs. 109.50 on 15-Oct-2020.
Last one week high and low of the scrip stood at Rs. 140.75 and Rs. 134.25 respectively. The current market cap of the company is Rs. 84429.38 crore.
The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 29.10% and 4.69% respectively.
Coal India has already spent over Rs 8,000 crore as capital expenditure (capex) till December 2020 in the current fiscal, and is looking to meet a revised target of Rs 13,000 crore of such expense by the end of FY21. The capital expenditure target for the financial year 2020-21 was initially set at Rs 10,000 crore.
The spending was made for procuring heavy earth-moving machinery, setting up railway lines, development of sidings, exploration works and investments in joint ventures. The major challenge for Coal India for accelerating capital expenditure has been the cash-flow issues.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
Company Name | CMP |
---|---|
Coal India | 463.20 |
NMDC | 242.40 |
GMDC | 397.50 |
Sandur Manganese | 561.15 |
MOIL | 507.60 |
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