Coal India share price rose in the opening trade on October 7 following executing Memorandum of Understanding (MoU) with Chhattisgarh Mineral Development Corporation Ltd. (CMDC).
At 09:18 hrs Coal India was quoting at Rs 386.70, up Rs 4.65, or 1.22 percent, on the BSE.
The company and Chhattisgarh Mineral Development Corporation Ltd. (CMDC), a Chhattisgarh State Government undertaking have executed a non-binding Memorandum of Understanding (MoU) for collaboration in the exploration & exploitation of critical minerals and other minerals of mutual interest.
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The company had reported 3.9 percent fall in its September month production at 48.97 million tonne versus 50.94 million tonne, while its offtake down 1.1% at 53.56 million tonne versus 54.16 million tonne, YoY.
In the month of September, the company declared as preferred bidder by Ministry of Mines, Government of India for Ontillu- Chandragiri Rare Earth Element (REE) exploration block.
In the previous trading session, the share closed down 0.27 percent or Rs 1.05 at Rs 389.
The share touched a 52-week high of Rs 502.20 and a 52-week low of Rs 349.20 on 14 October, 2024 and 17 February, 2025, respectively.
Currently, the stock is trading 23 percent below its 52-week high and 10.74 percent above its 52-week low.
The market capitalisation of the company stands at Rs 238,312.70 crore.
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