Date | July 03, 2017:
The state-controlled mining company, Coal India in its regulatory filing announced that the company achieved 92% of actual coal production target, standing at 39.66 million tonne for the month of June 2017. The company released its provisional offtake and production data on Monday.
The company achieved 91% production target in the April to June 2017 period, at 118.84 million tonne.
While, the company’s actual offtake was at 45.67 million tonne achieving it 94% target in June, whereas, 137.36 million tonnes in April-June 2017, achieving 92% of its target.
Coal India is the largest coal producer company in the world and constitutes to around 82% of the coal production in India.
Shares of the company on the NSE are trading on a flattish note, paring its morning gains to trade at Rs 244 per share, higher by Rs 0.60 per share or 0.25% at 1055 hours.
Coal India Ltd is currently trading at Rs 246.65, up by Rs 2.45 or 1% from its previous closing of Rs 244.2 on the BSE.
The scrip opened at Rs 244.45 and has touched a high and low of Rs 247.35 and Rs 243 respectively. So far 1049645(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 151584.93 crore.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 349.85 on 17-Aug-2016 and a 52 week low of Rs 243.35 on 23-Jun-2017. Last one week high and low of the scrip stood at Rs 248.6 and Rs 243.5 respectively.
The promoters holding in the company stood at 78.86 % while Institutions and Non-Institutions held 18.13 % and 3.01 % respectively.
(Source: http://www.indiainfoline.com/)