Coal India moves up as its supply to power sector rises by 12% to 118 MT in Q2FY22
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Coal India is currently trading at Rs. 195.90, up by 6.05 points or 3.19% from its previous closing of Rs. 189.85 on the BSE.
The scrip opened at Rs. 191.00 and has touched a high and low of Rs. 197.75 and Rs. 190.45 respectively. So far 686362 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 197.75 on 05-Oct-2021 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. 197.75 and Rs. 172.90 respectively. The current market cap of the company is Rs. 120727.85 crore.
The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 28.17% and 5.69% respectively.
Coal India (CIL) has supplied 117.6 million tonnes (MT) of coal to power utilities during July-September of the current fiscal (Q2FY22), the highest for Q2 of any year, posting 12.3 per cent growth. This is a volume jump of 13 MT compared to 104.7 MT in the same quarter last year. The growth is even higher at 17.2 per cent when matched against 100.3 MT of COVID-free second quarter of FY20.
The company’s total offtake shot up to 147.3 MT at the quarter ending September which is 9.7 per cent more against comparable quarter of last year when the offtake was 134.3 MT.
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.
