Coal India moves up as its arm aiming to achieve 190 million tonnes of dry fuel production in FY23

23 Jan 2023 Evaluate

Coal India is currently trading at Rs. 229.80, up by 2.85 points or 1.26% from its previous closing of Rs. 226.95 on the BSE.

The scrip opened at Rs. 228.50 and has touched a high and low of Rs. 229.85 and Rs. 227.15 respectively. So far 1003164 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 149.00 on 24-Feb-2022.

Last one week high and low of the scrip stood at Rs. 229.85 and Rs. 211.25 respectively. The current market cap of the company is Rs. 140448.58 crore.

The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 29.13% and 4.74% respectively.

Coal India’s subsidiary -- Mahanadi Coalfields (MCL) is aiming to achieve approximately 190 million tonnes of dry fuel production in the current fiscal (FY23). This will be 13.09 per cent more than 168 million tonnes production recorded in 2021-22 by MCL.

The production target for 2022-23 was 176 million tonnes, however the company is 21 per cent ahead of the target, and expects to reach 190 million tonnes by end of this fiscal. MCL has also kept a target of 190 million tonnes for coal despatch for 2022-23.

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.

Coal India Share Price

393.90 0.95 (0.24%)
03-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
Coal India 393.90
NMDC 67.66
GMDC 326.45
MOIL 348.80
Sandur Manganese 434.05
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