Coal India shines as its production rises by 30% to 80.3 MT in May
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Coal India is currently trading at Rs. 196.10, up by 3.05 points or 1.58% from its previous closing of Rs. 193.05 on the BSE.
The scrip opened at Rs. 195.00 and has touched a high and low of Rs. 196.45 and Rs. 192.90 respectively. So far 776949 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. 196.65 and Rs. 177.85 respectively. The current market cap of the company is Rs. 120697.03 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’s (CIL) coal production has increased by 30% to 54.7 million tonnes (MT) in May 2022 as against 42.1 MT in May 2021. The company’s production in the April- May 2022 period increased 28.8 per cent to 108.2 MT, compared with 84 MT in the year-ago period.
The company's offtake increased by 11.3% to 61.2 MT in May, 2022, over 55 MT in the corresponding month of the previous financial year. Its offtake in the April- May 2022 period also increased by 8.7% to 118.7 MT over 109.2 MT in the year-ago period.
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.
