Coal India gains on executing MoU with NFTDC
Coal India is currently trading at Rs. 392.50, up by 6.70 points or 1.74% from its previous closing of Rs. 385.80 on the BSE.
The scrip opened at Rs. 387.50 and has touched a high and low of Rs. 393.00 and Rs. 386.30 respectively. So far 306292 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 544.70 on 26-Aug-2024 and a 52 week low of Rs. 349.20 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 393.00 and Rs. 373.80 respectively. The current market cap of the company is Rs. 241825.46 crore.
The promoters holding in the company stood at 63.13%, while Institutions and Non-Institutions held 31.26% and 5.60% respectively.
Coal India (CIL) and Non-Ferrous Materials Technology Development Centre (NFTDC) have executed a non-binding Memorandum of Understanding (MoU) on March 15, 2025, at Hyderabad. Under this collaboration, CIL and NFTDC will jointly work on technology development and expertise enhancement in the field of critical minerals.
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.
