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Coal India signs agreement with Solar Energy Corporation

Coal India signs agreement with Solar Energy Corporation

Coal India Limited (CIL) and Solar Energy Corporation of India Limited(SECI) have signed two Agreements for implementation of 200 MW Solar Power Project in the State of Madhya Pradesh.


Coal India Limited has announced that On June 28, 2016, Coal India Limited (CIL) and Solar Energy Corporation of India Limited(SECI) have signed two Agreements for implementation of 200 MW Solar Power Project in the State of Madhya Pradesh (M.P.) for the beneficial utilisation of solar power by Northern Coalfields Limited(NCL) 100 MW and South Eastern Coalfields Limited (SECL) 100 MW two subsidiaries of Coal India Limited each at an estimated cost of Rs 650 crores.


Coal India Ltd ended at Rs. 311.45, down by Rs. 1.7 or 0.54% from its previous closing of Rs. 313.15 on the BSE.

The scrip opened at Rs. 313.3 and touched a high and low of Rs. 314.6 and Rs. 310 respectively. A total of 2396881(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 196723.03 crore.

The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 447.25 on 05-Aug-2015 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. 318.8 and Rs. 305.55 respectively.

The promoters holding in the company stood at 79.65 % while Institutions and Non-Institutions held 17.14 % and 3.21 % respectively.

The stock traded above its 200 DMA.

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