Coal India surges as its arm signs pacts with CIPET
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Coal India is currently trading at Rs. 168.55, up by 2.05 points or 1.23% from its previous closing of Rs. 166.50 on the BSE.
The scrip opened at Rs. 166.00 and has touched a high and low of Rs. 169.45 and Rs. 163.30 respectively. So far 396229 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 203.85 on 06-Oct-2021 and a 52 week low of Rs. 110.50 on 29-Oct-2020.
Last one week high and low of the scrip stood at Rs. 177.40 and Rs. 163.30 respectively. The current market cap of the company is Rs. 103934.41 crore.
The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 28.82% and 5.04% respectively.
Coal India’s (CIL) subsidiary -- Mahanadi Coalfields (MCL) has signed two pacts with the Central Institute of Petrochemicals Engineering & Technology (CIPET), Bhubaneswar, with an investment of Rs 1.38 crore for providing skill development training to youth from the peripheral villages of mining areas.
The two CSR initiatives -- 'Udaan' and 'Sahyog' -- will help 40 youths from peripheral villages to join a two-year full-time ITI training in fitter/electrician trades and 30 divyangjan to join a six month-long skill training programme respectively.
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.
