Coal India zooms on planning to set up and operationalize nine more new washeries
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Coal India is currently trading at Rs. 181.35, up by 4.80 points or 2.72% from its previous closing of Rs. 176.55 on the BSE.
The scrip opened at Rs. 179.40 and has touched a high and low of Rs. 182.10 and Rs. 177.40 respectively. So far 507158 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. 185.60 and Rs. 174.60 respectively. The current market cap of the company is Rs. 111884.33 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 planning to set up and operationalize nine more new washeries with a capacity of 30 MTPA. With setting up of new washeries, CIL will be able to supply about 15 MT of washed coking coal to the steel sector, thereby reducing import of coking coal. During FY22, CIL supplied 1.7 MT washed coking coal to the steel sector and has set a target of 3.45 MT during FY23.
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.
