Coal India surges on gearing up to meet its part of committed coal supplies to power sector
Coal India is currently trading at Rs. 186.15, up by 4.15 points or 2.28% from its previous closing of Rs. 182.00 on the BSE.
The scrip opened at Rs. 181.80 and has touched a high and low of Rs. 186.55 and Rs. 180.70 respectively. So far 325253 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. 186.55 and Rs. 174.90 respectively. The current market cap of the company is Rs. 114688.37 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 (CIL) is gearing up to meet its part of committed coal supplies to the power sector in the coming months, as monsoon has hit many parts of the country. The company is targeting to close the first quarter with 35 million tonnes (MTs) of incremental production compared to the same quarter of last year. CIL aims to supply 565 MT to the power sector during FY23 and the company's efforts are oriented to meet this.
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.