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Coal India trades lower as its fuel supply to power sector falls 19.5% in April-July

  • bitnet infotech
  • August 31, 2020
  • 8:14 am

Coal India is currently trading at Rs. 138.95, down by 0.05 points or 0.04% from its previous closing of Rs. 139.00 on the BSE.

The scrip opened at Rs. 139.20 and has touched a high and low of Rs. 142.05 and Rs. 137.40 respectively. So far 453201 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 217.90 on 05-Nov-2019 and a 52 week low of Rs. 119.25 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 143.90 and Rs. 137.40 respectively. The current market cap of the company is Rs. 87048.54 crore.

The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 30.07% and 3.73% respectively.

Coal India’s (CIL) fuel supply to the power sector registered a decline of 19.5 percent to 126.30 million tonnes (MT) in the April-July period of the ongoing fiscal (FY21) in the wake of slump in coal demand. The company had despatched 156.86 MT of fuel in April-July last year. The despatch of coal by CIL in July fell 12.4 percent to 32.76 MT, from 37.41 MT supply in the corresponding month of the previous fiscal.

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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