Coal India is currently trading at Rs. 217.35, up by 0.75 points or 0.35% from its previous closing of Rs. 216.60 on the BSE.

coal india planning to develop 55 new coal mines in next 5 years
Coal India

The scrip opened at Rs. 216.80 and has touched a high and low of Rs. 217.65 and Rs. 215.00 respectively. So far 48213 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 149.00 on 24-Feb-2022.

Last one week high and low of the scrip stood at Rs. 219.90 and Rs. 212.00 respectively. The current market cap of the company is Rs. 133145.75 crore.

The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 29.13% and 4.74% respectively.

Coal India’s subsidiary — Northern Coalfields (NCL) is all set to start production of M-Sand, a material used for construction works. NCL will start production of M-Sand or Manufactured Sand for its Amlohri project in Madhya Pradesh. The move is aimed at maximizing the utilisation of natural resources and minimizing the adverse impact of mining. This pro-environment move of the company will help in conserving river bed erosion and preserve aquatic ecosystems.

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.