Coal India trades lower despite recording all-time high capex of Rs 13,115 crore in FY21
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Coal India is currently trading at Rs. 124.70, down by 4.85 points or 3.74% from its previous closing of Rs. 129.55 on the BSE.
The scrip opened at Rs. 128.20 and has touched a high and low of Rs. 128.35 and Rs. 123.65 respectively. So far 1345251 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 162.95 on 26-Feb-2021 and a 52 week low of Rs. 109.50 on 15-Oct-2020.
Last one week high and low of the scrip stood at Rs. 133.75 and Rs. 123.65 respectively. The current market cap of the company is Rs. 77034.10 crore.
The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 28.35% and 5.45% respectively.
Coal India’s capital expenditure (capex) grew more than two-folds to hit an all-time high of Rs 13,115 crore in the just concluded fiscal against the capex of Rs 6,270 crore in FY'20, the company clocked 109 per cent growth amid the Covid slump. The company’s original sanctioned capex budget was Rs 10,000 crore for FY'21.
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.
