Coal India rises on aiming at green mining options

Coal India is currently trading at Rs. 197.10, up by 2.25 points or 1.15% from its previous closing of Rs. 194.85 on the BSE.

India exports 8 lakh tonnes of coal
India exports 8 lakh tonnes of coal

The scrip opened at Rs. 194.05 and has touched a high and low of Rs. 200.00 and Rs. 193.65 respectively. So far 890538 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 209.00 on 22-Apr-2022 and a 52 week low of Rs. 132.80 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 201.00 and Rs. 192.90 respectively. The current market cap of the company is Rs. 122022.02 crore.

The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 28.79% and 5.07% respectively.

Coal India (CIL) is aiming at green mining options and increase production from its underground mines, which are favourable for cleaner ecosystem, through installation of technologies.

For environmentally cleaner transportation of coal, Coal India is setting up coal handling plant/silos in 35 projects under the first phase of the first-mile connectivity, and it is continuing in the second phase as well.

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.

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