Coal India gains as its arm develops eco-park in Odisha
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Coal India is currently trading at Rs. 224.90, up by 2.45 points or 1.10% from its previous closing of Rs. 222.45 on the BSE.
The scrip opened at Rs. 221.60 and has touched a high and low of Rs. 226.70 and Rs. 220.80 respectively. So far 191488 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. 231.35 and Rs. 219.35 respectively. The current market cap of the company is Rs. 138815.46 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 subsidiary -- Mahanadi Coalfields (MCL) has developed an eco-park and a museum over a closed underground mine. The Chandra Shekar Azad eco-park and coal museum are situated at mine number 4 of Orient Area in Ib Valley coalfields, Jharsuguda, Odisha.
The park was constructed by MCL in record time of just more than a year after coal and Parliamentary affairs minister Pralhad Joshi had laid its foundation stone in 2021. It was created after repurposing coal mine number 4, where construction had closed down in 2017. Visitors to the park can also avail the opportunity of having a first hand experience of an underground mine.
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.
