Coal India announced that the 46th Annual General Meeting (AGM) of the company will be held on 23 September 2020.

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Coal India Ltd dropped for a fifth straight session today. The stock is quoting at Rs 125.6, down 3.35% on the day as on 13:29 IST on the NSE. The benchmark NIFTY is down around 0.76% on the day, quoting at 11231.25. The Sensex is at 38089.93, down 0.72%.Coal India Ltd has eased around 2.82% in last one month.Meanwhile, Nifty Metal index of which Coal India Ltd is a constituent, has increased around 0.96% in last one month and is currently quoting at 2376.85, down 0.95% on the day. The volume in the stock stood at 96.45 lakh shares today, compared to the daily average of 127.08 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 125.75, down 3.38% on the day. Coal India Ltd tumbled 36.15% in last one year as compared to a 1.77% rally in NIFTY and a 2.5% fall in the Nifty Metal index.

The PE of the stock is 7.15 based on TTM earnings ending June 20.

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Coal India announced that Vinod Kumar Thakral and Bharat Laxmanbhai Gajipapa, lndependent Directors in the Board of Coal India have completed their tenure as Director on 5 September 2020. Hencethey ceased to be a director of Coal India from 05 September 2020.

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Profit before tax in Q1 June 2020 stood at Rs 2,800.13 crore, down by 60.1% from 7,011 crore in Q1 June 2019. Current tax expense declined 69.7% year-on-year (YoY) to Rs 722.62 crore during the quarter.

Coal India's raw coal production declined 11.6% to 121.04 million tonne in Q1 June 2020 over Q1 June 2019. Coal offtake tumbled 21.55% to 120.42 million tonne during the period under review.

The average realization declined 6.6% to Rs 1,415.49 per ton in Q1 June 2020 from Rs 1,515.50 per ton in Q1 June 2019.

Coal India (CIL) is a coal mining company, which is engaged in the production and sale of coal. The firm offers products, including coking coal, semi coking coal, non-coking coal, washed and beneficiated coal, middlings, rejects, coal fines/coke fines, and tar/heavy oil/light oil/soft pitch.

As of 30 June 2020, the Government of India held 66.13% stake in the company.

The scrip rose 0.37% to Rs 136.80 on the BSE. It traded in the range of 135.70 & 138.10 so far during the day

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