Coal India traded at 420.25 this Tuesday September 8th, increasing 1.40 or 0.33 percent since the previous trading session. Looking back, over the last four weeks, Coal India gained 2.25 percent. Over the last 12 months, its price rose by 8.33 percent. Looking ahead, we forecast Coal India to be priced at 406.09 by the end of this quarter and at 379.52 in one year, according to Trading Economics global macro models projections and analysts expectations.
Coal India Limited (CIL) is an India-based holding company. The Company is a coal mining company, which is engaged in the production and sale of coal. The Company 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. Its Middlings are used in power generation, brick manufacturing units and cement plants. The Washed and Beneficiated Coal products are used in the manufacturing of hard coke for steel making and power generation. Its Semi Coking Coal products are used as blend-able coal in steel making, merchant coke manufacturing and other metallurgical industries. Its Non-Coking Coal products are used for cement, fertilizer, glass, ceramic, paper, chemical and brick manufacturing, and for other heating purposes. CIL operates through approximately 82 mining areas spread over eight provincial states of India.