Coal India inches up as its arm inks pact with TMC Mineral Resources
Coal India is currently trading at Rs. 398.95, up by 0.20 points or 0.05% from its previous closing of Rs. 398.75 on the BSE.
The scrip opened at Rs. 399.95 and has touched a high and low of Rs. 400.25 and Rs. 395.90 respectively. So far 17506 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. 400.25 and Rs. 388.40 respectively. The current market cap of the company is Rs. 245738.79 crore.
The promoters holding in the company stood at 63.13%, while Institutions and Non-Institutions held 31.19% and 5.68% respectively.
Coal India’s subsidiary -- South Eastern Coalfields (SECL) has entered into a Rs 7,040-crore pact with TMC Mineral Resources for undertaking large-scale coal production using paste filling technology. Under this agreement, large-scale coal production will be undertaken using paste filling technology in the Singhali underground coal mine located in SECL's Korba area. Over a period of 25 years, the project is expected to produce approximately 8.4 million tonnes of coal.
Paste filling is a modern underground mining method that eliminates the need to acquire surface land. After coal extraction, the mined-out voids are filled with a specially prepared paste made from fly ash, crushed overburden from opencast mines, cement, water, and binding chemicals. This process prevents land subsidence and ensures the structural stability of the mine.
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.
