Coal India falls on registering decline in coal supply to captive power plants, cement sector in May
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Coal India is currently trading at Rs. 194.45, down by 2.55 points or 1.29% from its previous closing of Rs. 197.00 on the BSE.
The scrip opened at Rs. 196.05 and has touched a high and low of Rs. 196.45 and Rs. 193.50 respectively. So far 234083 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 209.00 on 22-Apr-2022 and a 52 week low of Rs. 132.80 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 201.00 and Rs. 182.70 respectively. The current market cap of the company is Rs. 120789.48 crore.
The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 28.79% and 5.07% respectively.
Coal India (CIL) has registered a decline in May as compared to the year-ago month in the coal dispatch to captive power plants and sectors like cement. While the fuel supply by Coal India to captive power plants dropped 39.74 per cent in May 2022 over the year-ago period, dispatch to the cement sector declined 16.74 per cent.
The coal supply by the PSU to the sponge sector also dropped 8.74 per cent year-on-year in May. However, supply to the steel sector went up by 67.83 per cent and to the power sector increased by 19.48 per cent last month, over May 2021.
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.
