Coal India is currently trading at Rs. 315.05, up by 1.85 points or 0.59% from its previous closing of Rs. 313.20 on the BSE.
The scrip opened at Rs. 310.00 and has touched a high and low of Rs. 315.70 and Rs. 306.00 respectively. So far 199561 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. 288.95 on 25-Feb-2011.
Last one week high and low of the scrip stood at Rs. 338.00 and Rs. 306.00 respectively. The current market cap of the company is Rs. 197828.53 crore.
The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.89% and 2.11% respectively.
Coal India (CIL), a Maharatna Company, has cuts its production target to at least 440 million tonnes for the current financial year from the estimate of 452 million tonnes in its annual plan. The state-run company has lowered its production target due heavy rainfall, strike and delays in the grant of forestry and environmental clearances to coal projects.
During terminal year of the 12th Five-Year Plan (2012-17) company was planning to mine between 556 and 615 million tonnes of coal. CIL had asked the government to scale down its production target for the 2011-12 financial year to 448 million tonnes (MT), fearing it will not be able to make up for the slippage in output in the first half of the fiscal.
The coal miner was not able to achieve its April-September target by about 20 million tonnes, recording an output of 176 million tonnes against the target of 196 million tonnes, as inclement weather, including heavy rains in August-September that affected production in almost all its collieries.
CIL had lowered its production target to 440.20 million tonnes from 460.50 million tonnes last fiscal as well.
| Company Name | CMP |
|---|---|
| Coal India | 383.25 |
| NMDC | 69.60 |
| GMDC | 326.70 |
| MOIL | 328.90 |
| Sandur Manganese | 406.60 |
| View more.. | |
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