Coal India gains as its arm aiming 7 more FMC projects by end of year 2023
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Coal India is currently trading at Rs. 215.70, up by 1.55 points or 0.72% from its previous closing of Rs. 214.15 on the BSE.
The scrip opened at Rs. 215.00 and has touched a high and low of Rs. 217.65 and Rs. 214.95 respectively. So far 83918 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 149.00 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 227.15 and Rs. 212.00 respectively. The current market cap of the company is Rs. 133022.49 crore.
The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 29.13% and 4.74% respectively.
Coal India’s arm -- Mahanadi Coalfields (MCL) is aiming 7 more First Mile Connectivity (FMC) projects, taking the total to 10, by the end of the year 2023, with capacity of 146 MT coal per annum through eco-friendly rail mode. As per the company, the number of FMC projects, which hold a key to ensuring speedy transportation of coal to consumers with minimum dust pollution, has gone up to three with a capacity of 46 MTPA (million tonnes per annum).
Besides, its Subhadra mining project in Angul district of Odisha, having a capacity of 25 MTPA, is advancing towards production. The project is being developed under Mine, Developer and Operator (MDO) mode. Besides, under MDO mode the company has begun work on its first mega project Siarmal in Sundergarh district of the eastern state, having a capacity of 50 MTPA.
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.
