Coal India rises 2%; to increase production to 1,000 mt

The company is planning to increase its coal production to 1,000 million tonne (mt) in the next four years through the use of latest environment-friendly technologies.

Coal India clocked 2.2% and is trading at Rs.306 on BSE.  Coal India is planning to increase its coal production to 1,000 million tonne (mt) in the next four years through the use of latest environment-friendly technologies. The estimated production planned by CIL during 2019-20 is 908.10 mt.

The scrip opened at Rs. 302.25 and has touched a high and low of Rs. 306.4 and Rs. 301.6 respectively. So far 2344617(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 189174.98 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 447.25 on 05-Aug-2015 and a 52 week low of Rs. 286.9 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs. 317.55 and Rs. 293 respectively.

The promoters holding in the company stood at 79.65 % while Institutions and Non-Institutions held 17.44 % and 2.91 % respectively.

The stock is currently trading above its 200 DMA.