Coal India surges on signing MoU with Rajasthan Vidyut Utpadan Nigam
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Coal India is currently trading at Rs. 237.25, up by 2.60 points or 1.11% from its previous closing of Rs. 234.65 on the BSE.
The scrip opened at Rs. 237.65 and has touched a high and low of Rs. 238.40 and Rs. 235.40 respectively. So far 228794 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 241.85 on 08-Sep-2022 and a 52 week low of Rs. 139.20 on 20-Dec-2021.
Last one week high and low of the scrip stood at Rs. 238.40 and Rs. 224.30 respectively. The current market cap of the company is Rs. 146056.66 crore.
The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 29.12% and 4.75% respectively.
Coal India (CIL) has signed a Memorandum of Understanding (MoU) with the Rajasthan Vidyut Utpadan Nigam (RUVNL) to set up a 1,190-MW solar power plant in Bikaner district of Rajasthan. The solar plant will be set up in a 2,000-MW solar park being developed by RVUNL in Poogal, Bikaner.
The state government has allotted 4,846 hectare land to develop the park in which the RVUNL will set up its own solar project of 810 MW, and a power project of 1,190 will be set up by the CIL.
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.
