IGI Logo

Coal India is currently trading at Rs. 218.15, up by 1.05 points or 0.48% from its previous closing of Rs. 217.10 on the BSE.

The scrip opened at Rs. 218.00 and has touched a high and low of Rs. 218.90 and Rs. 215.30 respectively. So far 87181 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. 227.15 and Rs. 215.30 respectively. The current market cap of the company is Rs. 134070.15 crore.

The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 29.34% and 4.52% respectively.

Coal India (CIL) and the four central trade unions (CTUs) -- BMS, HMS, AITUC and CITU have signed a Memorandum of Understanding (MoU) recommending 19% Minimum Guaranteed Benefit (MGB) to its 2.38 lakh non-executive employees as part of the ongoing National Coal Wage Agreement. MGB of 19% is on the emoluments as of June 30, 2021 which include basic pay, variable dearness allowance, special dearness allowance and attendance bonus.

The Telangana based Singareni Collieries Company (SCCL) is the other signatory to the MoU. A total of around 2.82 lakh employees of both the state owned coal entities, CIL and SCCL, who were on the rolls of the company as of July 1, 2021, would be the beneficiaries. SCCL’s employees account for close to 44,000.

The four CTUs have taken a lead in finalizing the MGB amicably. CIL is having a harmonious industrial relations and the unions are also cognizant of the importance of achieving the current’s fiscal’s production target.

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.