Date | Aug 04, 2016: Coal India is currently trading at Rs. 326.50, up by 2.75 points or 0.85% from its previous closing of Rs. 323.75 on the BSE.
The scrip opened at Rs. 322.65 and has touched a high and low of Rs. 326.85 and Rs. 322.65 respectively. So far 42,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 440.40 on 06-Aug-2015 and a 52 week low of Rs. 272.05 on 12-Apr-2016.
Last one week high and low of the scrip stood at Rs. 331.50 and Rs. 320.90 respectively. The current market cap of the company is Rs. 2,06,229.00 crore.
The promoters holding in the company stood at 79.65%, while Institutions and Non-Institutions held 17.89% and 2.46% respectively.
Coal India (CIL) is looking at entering into a pact with a South African government miner to jointly acquire coal mines in that country. The company is further considering signing of an MoU with a mining company owned by the government of South Africa to jointly undertake identification, acquisition and operation of coal assets in South Africa.
Earlier in 2011, the company had executed an MoU with entities owned by provisional government of Limpopo, South Africa, for acquiring coal assets in that province.
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.
(Source: http://money.livemint.com/)