Coal India announced the appointment of P.K. Sinha, CMD, NorthernCoalfields as Permanent Invitee on CIL Board vice R.R. Mishra w.e.f. 21 January 2021 until further orders.

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Coal India Ltd gained for a third straight session today. The stock is quoting at Rs 141.9, up 1.57% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.63% on the day, quoting at 14437.1. The Sensex is at 49119.8, up 0.69%. Coal India Ltd has slipped around 1.01% in last one month.

Meanwhile, Nifty Metal index of which Coal India Ltd is a constituent, has slipped around 8.41% in last one month and is currently quoting at 3529.2, down 2.02% on the day. The volume in the stock stood at 191.09 lakh shares today, compared to the daily average of 165.64 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 142, up 1.39% on the day. Coal India Ltd is down 32.92% in last one year as compared to a 17.09% spurt in NIFTY and a 20.31% spurt in the Nifty Metal index.

The PE of the stock is 7.74 based on TTM earnings ending September 20.

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Coal India announced the provisional production and offtake performance of the company and its subsidiaries for the month of December 2020 and for period April - December 2020 as under:

Coal production stood at 58.3 million tons in December 2020 compared to 58 million tons in December 2019, recording a growth of 0.5%. For the period April - December 2020, the coal production achieved was higher by 1.1% at 392.8 million tons compared to corresponding period of previous year.

Coal offtake stood at 52.6 million tons in December 2020 compared to 53.7 million tons in December 2019, recording a decline of 2.1%. For the period April - December 2020, the coal offtake was lower by 1.9% at 409.7 million tons compared to corresponding period of previous year.

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Coal India informed that it will set up three specific-purpose vehicles (SPVs) subject to obtaining concurrence from Niti Aayog and DIPAM. The company will set up solar power value chain business vertical, new & renewable energy (non-conventional) business vertical and Integrated Aluminium complex: a greenfield project by Central Coalfields, a subsidiary of Coal India.

Coal India is a coal mining company, which is engaged in the production and sale of coal. As of 30 September 2020, the Government of India held 66.13% stake in the company.

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