Coal India is currently trading at Rs. 320.50, up by 0.50 points or 0.16% from its previous closing of Rs. 320.00 on the BSE.
The scrip opened at Rs. 320.55 and has touched a high and low of Rs. 322.75 and Rs. 317.35 respectively. So far 111300 shares were traded on the counter.
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. 272.05 on 12-Apr-2016.
Last one week high and low of the scrip stood at Rs. 325.60 and Rs. 314.55 respectively. The current market cap of the company is Rs. 198357.76 crore.
The promoters holding in the company stood at 79.78%, while Institutions and Non-Institutions held 17.76% and 2.47% respectively.
Coal India is reportedly contemplating a major diversification as it plans to produce oil and gas from its coal in a big way as growth from its core activity is declining. It also plans to enter commercial production of coal bed methane and expand presence in thermal & solar power generation.
The proposals are to be placed before the company board soon. While Coal India is yet to take up coal to oil and coal gasification, it has already tested the waters in thermal and solar power generation and coal bed methane.
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.