Coal India is currently trading at Rs. 382.40, up by 4.15 points or 1.10% from its previous closing of Rs. 378.25 on the BSE.
The scrip opened at Rs. 382.00 and has touched a high and low of Rs. 387.35 and Rs. 380.40 respectively. So far 405361 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 422.30 on 31-May-2011 and a 52 week low of Rs. 287.45 on 04-Nov-2010.
Last one week high and low of the scrip stood at Rs. 387.35 and Rs. 373.25 respectively. The current market cap of the company is Rs. 238916.48 crore.
The promoters holding in the company stood at 90% while Institutions and Non-Institutions held 7.91% and 2.09% respectively.
Coal India’s (CIL) production in August and September was thump by rains, but the company expects that the projected target of 452 million tonne for the entire fiscal will be met. In August and September there was a shortfall in production in the Eastern Coalfields and Bharat Coking Coalfields due to heavy rainfall.
Despite production hit, the plan to revive 18 abandoned mines of CIL through PPP model could not take off as bidders were cautious about viability with the tender terms. The company took suggestions from the shortlisted bidders and now it will invite fresh tenders on it. This time the number of mines will be less as four mines have already been delisted by BCCL for revival.
Coal India is the largest coal producing company in the world, based on the company’s raw coal production of 431.26 million tons in fiscal 2010. As of March 31, 2010, the company operated 471 mines in 21 major coalfields across eight states in India, including 163 open cast mines, 273 underground mines and 35 mixed mines, which include both open cast and underground mines.
| Company Name | CMP |
|---|---|
| Coal India | 383.70 |
| NMDC | 69.95 |
| GMDC | 326.80 |
| MOIL | 329.95 |
| Sandur Manganese | 407.90 |
| View more.. | |
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