Coal India Declares 2nd Interim Dividend

The Board of Directors of Coal India Limited, in their meeting on March 26, 2017, have approved payment of 2nd interim dividend for FY 2016-17 at Rs 1.15 per share of the face value of Rs 10, as suggested by the Audit Committee of CIL in its meeting held on the same day

The Company has fixed March 29, 2017 as the record date for the purpose of payment of 2nd interim dividend on equity shares for FY 2016-17. The date of payment of 2nd interim dividend is on and from March 31, 2017. Coal India Ltd., is an India-based holding company, which is engaged in the production and sale of coal.

It offers various products, including Coking Coal, Semi Coking Coal, Non-Coking Coal, Washed, etc. Coal India Ltd is currently trading at Rs 291, down by Rs 7.05 or 2.37% from its previous closing of Rs 298.05 on the BSE.

The scrip opened at Rs 294.7 and has touched a high and low of Rs 294.7 and Rs 290.55 respectively.
So far 1731123(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 188259.11 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 298.95 and Rs 288.25 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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About Suhani Varma