COAL INDIA LTD.
NSE : COALINDIABSE : 533278ISIN
CODE : INE522F01014Industry : Mining & MineralsHouse
: PSU
BSE462.459.2 (+2.03 % )
PREV CLOSE (Rs.) 453.25
OPEN PRICE (Rs.) 458.45
BID PRICE (QTY) 462.00 (229 )
OFFER PRICE (QTY) 462.25 (384 )
VOLUME 1252033
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE462.70 8.8 (+1.94 % )
PREV CLOSE(Rs.) 453.90
OPEN PRICE (Rs.) 457.90
BID PRICE (QTY) 462.60 (420 )
OFFER PRICE (QTY) 462.70 (615 )
VOLUME 29312943
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 03-May-2024 | Coal India reports 26% rise in Q4 consolidated net profit | <p style="text-align: justify;">Coal India has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported 6.31% rise in its net profit at Rs 3336.22 crore for the quarter under review as compared to Rs 3138.26 crore for the same quarter in the previous year. However, total income of the company decreased by 0.47% at Rs 3700.39 crore for Q4FY24 as compared Rs 3718.03 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported 25.78% rise in its net profit at Rs 8640.45 crore for fourth quarter ended March 31, 2024 as compared to Rs 6869.46 crore for the same quarter in the previous year. However, total income of the company decreased by 1.78% at Rs 39654.50 crore for Q4FY24 as compared Rs 40371.51 crore for the corresponding quarter previous year. <span style="white-space:pre"> </span></p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported 6.52% rise in net profit at Rs 15766.83 crore as compared to Rs 14802.31 crore for the previous year. Total income of the company increased by 2.09% at Rs 16848.76 crore for year under review as compared to Rs 16503.14 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported 17.80% rise in its net profit at Rs 37369.13 crore as compared to Rs 31722.98 crore for the previous year. Total income of the company increased by 3.79% at Rs 150293.06 crore for year under review as compared to Rs 144811.72 crore for year ended March 31, 2023.</p> |
| 03-May-2024 | Coal India soars on reporting 26% rise in Q4 consolidated net profit | <p style="text-align: justify;">Coal India is currently trading at Rs. 466.95, up by 13.70 points or 3.02% from its previous closing of Rs. 453.25 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 458.45 and has touched a high and low of Rs. 472.65 and Rs. 449.55 respectively. So far 1194526 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 487.75 on 16-Feb-2024 and a 52 week low of Rs. 223.30 on 26-Jun-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 472.65 and Rs. 449.55 respectively. The current market cap of the company is Rs. 287768.60 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 63.13%, while Institutions and Non-Institutions held 31.71% and 5.16% respectively.</p><p style="text-align: justify;">Coal India has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported 6.31% rise in its net profit at Rs 3336.22 crore for the quarter under review as compared to Rs 3138.26 crore for the same quarter in the previous year. However, total income of the company decreased by 0.47% at Rs 3700.39 crore for Q4FY24 as compared Rs 3718.03 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported 25.78% rise in its net profit at Rs 8640.45 crore for fourth quarter ended March 31, 2024 as compared to Rs 6869.46 crore for the same quarter in the previous year. However, total income of the company decreased by 1.78% at Rs 39654.50 crore for Q4FY24 as compared Rs 40371.51 crore for the corresponding quarter previous year. <span style="white-space:pre"> </span></p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported 6.52% rise in net profit at Rs 15766.83 crore as compared to Rs 14802.31 crore for the previous year. Total income of the company increased by 2.09% at Rs 16848.76 crore for year under review as compared to Rs 16503.14 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported 17.80% rise in its net profit at Rs 37369.13 crore as compared to Rs 31722.98 crore for the previous year. Total income of the company increased by 3.79% at Rs 150293.06 crore for year under review as compared to Rs 144811.72 crore for year ended March 31, 2023.</p> |
| 02-Apr-2024 | Coal India moves up as its production rises by 6.1% to 88.6 MT in March | <p style="text-align: justify;">Coal India is currently trading at Rs. 442.55, up by 0.55 points or 0.12% from its previous closing of Rs. 442.00 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 442.50 and has touched a high and low of Rs. 448.40 and Rs. 436.10 respectively. So far 184452 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 487.75 on 16-Feb-2024 and a 52 week low of Rs. 213.70 on 03-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 448.40 and Rs. 426.20 respectively. The current market cap of the company is Rs. 272608.29 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 63.13%, while Institutions and Non-Institutions held 31.74% and 5.11% respectively.</p><p style="text-align: justify;">Coal India's coal production has increased by 6.1% to 88.6 million tonnes (MT) in March 2024 as against 83.5 MT in March 2023. The company's production in the April- March 2023-24 period increased 10% to 773.6 MT, compared with 703.2 MT in the year-ago period. </p><p style="text-align: justify;">The company's offtake increased by 7.2% to 68.8 MT in March, 2024, over 64.2 MT in the corresponding month of the previous financial year. Its offtake in the April- March 2023-24 period increased by 8.5% to 753.5 MT over 694.7 MT in the year-ago period. </p><p style="text-align: justify;">Coal India (CIL) is the world's largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.</p> |
| 01-Apr-2024 | Coal India's production rises by 6.1% to 88.6 MT in March | <p style="text-align: justify;">Coal India's coal production has increased by 6.1% to 88.6 million tonnes (MT) in March 2024 as against 83.5 MT in March 2023. The company's production in the April- March 2023-24 period increased 10% to 773.6 MT, compared with 703.2 MT in the year-ago period. </p><p style="text-align: justify;">The company's offtake increased by 7.2% to 68.8 MT in March, 2024, over 64.2 MT in the corresponding month of the previous financial year. Its offtake in the April- March 2023-24 period increased by 8.5% to 753.5 MT over 694.7 MT in the year-ago period. </p><p style="text-align: justify;">Coal India (CIL) is the world's largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.</p><div style="text-align: justify;"><br></div> |
| 27-Mar-2024 | NOCIL, Coal India and Tech Mahindra to see some action today | <p style="text-align: justify;"><b>NOCIL </b>has received approval for incurring Capital Expenditure not exceeding Rs 250 crore towards capacity enhancement (Rubber chemicals) at Dahej. The Board of Directors of the Company its meeting held on March 26, 2024 has accorded approval for the same. </p><p style="text-align: justify;"><b>Coal India</b>'s subsidiary -- Mahanadi Coalfields (MCL) has achieved the 200-million tonne (MT) coal production mark in the 2023-24 fiscal. MCL has mining operations in Odisha's Angul, Jharsuguda and Sundergarh districts. MCL had attained the 100-MT mark in 2009-10, while 150-MT output was achieved in 2021-22. </p><p style="text-align: justify;"><b>Tech Mahindra </b>is planning to merge its two wholly-owned subsidiaries, Born Group and Tech Mahindra (Americas), to synergise business operations, optimise operational cost, and reduce compliance risks. The merger is subject to regulatory approvals in the country of incorporation. The appointed date of the plan of merger is April 1, 2024.</p><p style="text-align: justify;"><b>Praveg </b>has launched the Safari Velavadar Resort in Gujarat, marking a new chapter in luxury hospitality. The resort is poised to achieve an impressive occupancy in the forthcoming six months, reflecting the high demand for sustainable luxury accommodations. The average room rate should be in the range of Rs 20,000 to Rs 22,000. Praveg's expansion represents a strategic milestone for the company, with promising prospects for revenue growth, profitability, and shareholder value creation. Situated in Gujarat's vibrant heart, Velavadar captivates with its stunning ecosystem and scenic beauty. </p><p style="text-align: justify;"><b>Prataap Snacks</b> has commenced commercial production at its newly set up Unit situated at Kartholi Teh. Bari Brahmana, Samba, Jammu & Kashmir on March 26, 2024. The said Unit has been set up for the production of extruded namkeen snacks, fried namkeen pellets and other namkeen snacks including popcorn with a total capacity of about 10,000 MT per annum. </p><p style="text-align: justify;"><b>SecMark Consultancy </b>has entered into Software Purchase agreement for purchase of software applications including intellectual property rights along with all right, title and interest therein with Comtek Software Systems LLP (Comtek) on March 26, 2024. The company has further entered into consultancy agreement for services with respect to further developing, maintaining and enhancing the software applications purchased from Comtek, similar services for applications of SecMark, developing migration software, maintaining client relationship and related services through agreement dated March 26, 2024 (herein after referred as Consultancy Agreement).</p><p style="text-align: justify;">Standard Chartered Bank, a public shareholder of <b>CDSL </b>is reportedly likely to sell its entire 7.18 per cent stake (75 lakh equity shares) for $151 million through a block deal. </p><div style="text-align: justify;"><br></div> |
| 26-Mar-2024 | Coal India's arm achieves 200 MT coal production in FY24 | <p style="text-align: justify;">Coal India's subsidiary -- Mahanadi Coalfields (MCL) has achieved the 200-million tonne (MT) coal production mark in the 2023-24 fiscal. MCL has mining operations in Odisha's Angul, Jharsuguda and Sundergarh districts. MCL had attained the 100-MT mark in 2009-10, while 150-MT output was achieved in 2021-22. </p><p style="text-align: justify;">Coal India (CIL) is the world's largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.</p><div style="text-align: justify;"><br></div> |
| 11-Mar-2024 | Coal India achieves record coal production of 703.91 MT | <p style="text-align: justify;">Coal India (CIL) has achieved a record production of 703.91 million tonnes (MT) of coal up to March 7, 2024 during the current fiscal, surpassing last financial year's production of 703.20 MT by an impressive margin of 24 days. Additionally, CIL maintains an ample coal stock of 72.70 MT as of March 7, 2024.</p><p style="text-align: justify;">Adoption of the Mine Developer and Operator (MDO) model, mechanization and modernization of CIL mines, both Underground (UG) & Opencast (OC), undertaking new projects, expanding existing projects, have bolstered coal production. Moreover, the induction of enhanced Mass Production Technologies and the digitization of operations, including the introduction of ERP, have played pivotal role in enhancing mine efficiency and productivity.</p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
| 11-Mar-2024 | Coal India executes MoU with RRVUNL | <p style="text-align: justify;">Coal India has executed a Memorandum of Understanding (MoU) with Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL), a State Government Undertaking under the Energy Department, Government of Rajasthan, on March 10, 2024, at Jaipur, Rajasthan for exploring various opportunities for securing power to meet the growing energy demand of the state of Rajasthan.</p><p style="text-align: justify;">Under this MoU, initially the focus shall be to explore the possibilities of setting up of 4100 MW projects through a JV Company to be constituted between RRVUNL and CIL, across the 5 identified Projects viz. Pit-head Thermal Power Project, Solar Projects at Solar Parks, Pumped Storage Projects, Solar Projects at Existing TPPs and Wind Projects.</p><p style="text-align: justify;">Further, any additional opportunities, which the Parties mutually agree to collaborate, would also be covered under the purview of the MoU. As an initial step, CIL shall be undertaking Pre-Feasibility Studies of the above project to establish viability of the projects.</p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
| 11-Mar-2024 | Coal India rises on executing MoU with RRVUNL | <p style="text-align: justify;">Coal India is currently trading at Rs. 461.50, up by 2.95 points or 0.64% from its previous closing of Rs. 458.55 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 460.40 and has touched a high and low of Rs. 462.60 and Rs. 458.15 respectively. So far 15264 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 487.75 on 16-Feb-2024 and a 52 week low of Rs. 207.70 on 27-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 465.25 and Rs. 444.75 respectively. The current market cap of the company is Rs. 282591.91 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 63.13%, while Institutions and Non-Institutions held 31.74% and 5.11% respectively.</p><p style="text-align: justify;">Coal India has executed a Memorandum of Understanding (MoU) with Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL), a State Government Undertaking under the Energy Department, Government of Rajasthan, on March 10, 2024, at Jaipur, Rajasthan for exploring various opportunities for securing power to meet the growing energy demand of the state of Rajasthan.</p><p style="text-align: justify;">Under this MoU, initially the focus shall be to explore the possibilities of setting up of 4100 MW projects through a JV Company to be constituted between RRVUNL and CIL, across the 5 identified Projects viz. Pit-head Thermal Power Project, Solar Projects at Solar Parks, Pumped Storage Projects, Solar Projects at Existing TPPs and Wind Projects.</p><p style="text-align: justify;">Further, any additional opportunities, which the Parties mutually agree to collaborate, would also be covered under the purview of the MoU. As an initial step, CIL shall be undertaking Pre-Feasibility Studies of the above project to establish viability of the projects.</p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
| 04-Mar-2024 | H.G. Infra Engineering, Coal India and Avenue Supermarts to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">H.G. Infra Engineering </span>has received the Letter of Acceptance (LoA) from South Central Railway for Doubling of Track between Karanjgaon station (Including) at Km 69.01(Ch 69010) & Aurangabad station (Including) at Km 113.15 (Ch 113150) [i.e. (44.14 km)] including Electrification and Signaling works in connection with Aurangabad-Ankai Doubling Project in Nanded Division of South-Central Railway. The project cost is Rs 447.11 crore and the construction period is 30 months.</p><p style="text-align: justify;"><span style="font-weight: bold;">Coal India</span> has entered into Memorandum of Understanding (MoU) with Indian Institutes of Management (IIM) Mumbai and Sambalpur on March 1, 2024, marking a crucial step in multimodal connectivity infrastructure for coal transportation in alignment with the PM Gati Shakti National Master Plan 2021.</p><p style="text-align: justify;"><span style="font-weight: bold;">Avenue Supermarts </span>has opened a new store at Hesaraghatta Road, Bengaluru (Karnataka). The total number of stores as on date stands at 347.</p><p style="text-align: justify;"><span style="font-weight: bold;">Lemon Tree Hotels</span> has signed - Keys Lite by Lemon Tree Hotels, Urban Suites, Udaipur. The property, which will be franchised by Lemon Tree Hotels, is expected to open in FY25. Udaipur is often referred to as the Venice of the East on account of the seven turquoise lakes that dot the city. Bound by the verdant Aravalli hills, Udaipur holds a variety of attractions for its visitors including history, culture, scenic locations, opulent Rajput-era palaces and vibrant markets. </p><p style="text-align: justify;"><span style="font-weight: bold;">Indian Railway Catering and Tourism Corporation</span> (IRCTC) has signed Memorandum of Understanding (MoU) with CRPF on March 1, 2024 for On-board Catering services to allCAPF (CRPF, ITBP, BSF, CISF & SSB) personnel during movement for various law & order duties including Bye-elections.</p><p style="text-align: justify;"><span style="font-weight: bold;">Alfa Transformers</span> has received a purchase order worth of Rs 27.39 crore from Gujarat Electricity Board. The company has bagged order for design, manufacturing and supply of 10 KVA 4,994 Nos of transformers from Vadodara plant. The said order is to be executed within 7 months from the date of receipt of order. </p><p style="text-align: justify;"><span style="font-weight: bold;">Pharmaids Pharmaceuticals </span>has completed the acquisition of 99.86% shareholding in Adita Bio Sys (Adita). Adita is an unlisted private company, which is engaged in the GLP Developmental Services, Drug Discovery & Laboratory animals services & Animal Diet. The acquisition of the shares of Adita inter alia result in growth opportunities in line with strategic objectives of the Company. The acquisition of the target entity is within the main line of business of the listed entity. The cost of acquisition is Rs 52.54 crore. </p> |
