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India Infoline News Service | Mumbai |
Coal India is planning to produce petroleum oil at its Chatra coal mine in Jharkhand.
According to Sutirtha Bhattacharya, chairman , Coal India, petroleum oil from coal is a part of diversification plan and the company will soon invite an expression of interest.
As the crude oil prices are on the rise, petroleum oil produced from coal will be a suitable option for CIL.
Coal India has been so far successful in meeting the demands from various sources, and plans to diversify into other areas to keep the bottom line intact.
The state run company has also invited quotes recently from technology licensors in order to convert coal to chemical, for a commercial project in Dankuni, W.B.
Stock view:
Coal India Ltd is currently trading at Rs 292.25, up by Rs 0.3 or 0.1% from its previous closing of Rs 291.95 on the BSE.
The scrip opened at Rs 292.9 and has touched a high and low of Rs 295 and Rs 291.95 respectively. So far 5357566(NSE+BSE) shares were traded on the counter.
The current market cap of the company is Rs 184406.13 crore.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 349.85 on 17-Aug-2016 and a 52 week low of Rs 272.05 on 12-Apr-2016.
Last one week high and low of the scrip stood at Rs 302.5 and Rs 288.2 respectively.
The promoters holding in the company stood at 79.78 % while Institutions and Non-Institutions held 17.76 % and 2.47 % respectively.
The stock is currently trading below its 200 DMA.
India Infoline News Service | Mumbai |
According to Sutirtha Bhattacharya, chairman , Coal India, petroleum oil from coal is a part of diversification plan and the company will soon invite an expression of interest.
As the crude oil prices are on the rise, petroleum oil produced from coal will be a suitable option for CIL.
Coal India has been so far successful in meeting the demands from various sources, and plans to diversify into other areas to keep the bottom line intact.
The state run company has also invited quotes recently from technology licensors in order to convert coal to chemical, for a commercial project in Dankuni, W.B.
Stock view:
Coal India Ltd is currently trading at Rs 292.25, up by Rs 0.3 or 0.1% from its previous closing of Rs 291.95 on the BSE.
The scrip opened at Rs 292.9 and has touched a high and low of Rs 295 and Rs 291.95 respectively. So far 5357566(NSE+BSE) shares were traded on the counter.
The current market cap of the company is Rs 184406.13 crore.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 349.85 on 17-Aug-2016 and a 52 week low of Rs 272.05 on 12-Apr-2016.
Last one week high and low of the scrip stood at Rs 302.5 and Rs 288.2 respectively.
The promoters holding in the company stood at 79.78 % while Institutions and Non-Institutions held 17.76 % and 2.47 % respectively.
The stock is currently trading below its 200 DMA.
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