Coal India gains as its overall expenditure drops to Rs 54,241 crore in first nine months
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Coal India is currently trading at Rs. 133.70, up by 1.40 points or 1.06% from its previous closing of Rs. 132.30 on the BSE.
The scrip opened at Rs. 132.30 and has touched a high and low of Rs. 135.30 and Rs. 132.30 respectively. So far 576373 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 180.40 on 05-Mar-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. 143.50 and Rs. 132.00 respectively. The current market cap of the company is Rs. 82642.19 crore.
The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 28.73% and 5.14% respectively.
Coal India’s overall expenditure declined by 3.3 per cent to Rs 54,241 crore in the first nine months of the ongoing fiscal. The company’s composite open cast production increased by 16.1 per cent in the April-December period. The company clocked 6.3 per cent output growth, 9.1 per cent surge in coal off-take and 17.3 per cent increase in Over Burden Removal (OBR) during the third quarter ended December 2020.
In terms of expenditure, employee benefits expenses dropped by Rs 735 crore. These include salaries, performance-related pay of the executives, performance- linked reward of the non-executives and coal mines provident fund contributions.
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.
