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29-Nov2017

Coal India trades higher on the bourses

Coal India is currently trading at Rs. 280.15, up by 5.50 points or 2.00% from its previous closing of Rs. 274.65 on the BSE.

The scrip opened at Rs. 276.50 and has touched a high and low of Rs. 282.00 and Rs. 275.70 respectively. So far 168229 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 332.10 on 27-Feb-2017 and a 52 week low of Rs. 234.00 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 282.00 and Rs. 269.25 respectively. The current market cap of the company is Rs. 173993.68 crore.

The promoters holding in the company stood at 78.86%, while institutions and non-institutions held 17.47% and 3.67% respectively.

Coal India is mulling to increase salary of its executives, which may cost the company about Rs 800 crore. The pay revision of nearly 18,000 executives of the PSU is due from January 1, 2017.

The State-owned company had last month signed a wage pact with workers' unions for five years which would have an estimated impact of Rs 5,667 crore annually on the miner.

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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