Mumbai, September 9 (Kiran News) — Shares of Coal India (CIL) traded slightly higher on Tuesday after the company said it is exploring the feasibility of establishing data centers in its decommissioned mines, aiming to repurpose existing infrastructure while supporting India’s growing digital capacity requirements.
The state-owned miner has initiated a comprehensive feasibility study through consultants, which will include site assessments, a comparison matrix for evaluating identified locations, and a Preliminary Feasibility Report (PFR) for the most suitable site.
So far, four locations across CIL subsidiaries have been shortlisted: Umrer (Western Coalfields), Saraipali in Korba (SECL), Himgir Rampur near Jharsuguda (MCL), and Nigahi (NCL). The project aligns with the company’s focus on sustainable development and alternative use of decommissioned assets.
On the BSE, Coal India was trading at ₹388.00, up by ₹0.90 or 0.23 percent from its previous close of ₹387.10. The stock opened at ₹388.30 and touched an intraday high of ₹389.60 and a low of ₹386.55. A total of 86,317 shares were traded during the session.
The Group ‘A’ stock, with a face value of ₹10, has a 52-week high of ₹517.65 (September 27, 2024) and a 52-week low of ₹349.20 (February 17, 2025). Over the past week, it has traded between ₹380.00 and ₹395.85.
Coal India’s market capitalization currently stands at ₹2,39,329.55 crore. Promoters hold 63.13 percent stake, institutional investors own 30.92 percent, while non-institutional shareholders account for 5.94 percent.
Coal India, the world’s largest coal mining company, produces both coking and non-coking coal of various grades for diverse applications across industries.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
