Coal India gains after its arm supplies 87% of total coal to power producers in FY21
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Coal India is currently trading at Rs. 130.30, up by 0.50 points or 0.39% from its previous closing of Rs. 129.80 on the BSE.
The scrip opened at Rs. 130.20 and has touched a high and low of Rs. 131.85 and Rs. 129.30 respectively. So far 557453 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 162.95 on 26-Feb-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. 133.25 and Rs. 128.10 respectively. The current market cap of the company is Rs. 80670.11 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 wholly owned subsidiary company -- Northern Coalfields (NCL) has supplied 87% of its total coal to electricity producers in the last fiscal year, thereby fulfilling the power aspiration of the country in these unprecedented times. There was also about 14% increment year-on-year in the average supply of coal rakes to upcountry consumers. Northern Coalfields (NCL), the Singrauli-based miniratna company, surpassed its fiscal production milestone of 113 million tonne (MT) and produced 115.05 MT in 2020-21 with 6.47% year-on-year growth.
The company has also surpassed its annual overburden removal (OBR) target of 370 million cubic metre, and removed a whopping 374.17 million cubic metres of overburden with a year-on-year growth of 15.76% in the last fiscal year.
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.
