Mining stock to keep an eye on after it signs MoU with Curtin University for research collaborationMining stock to keep an eye on after it signs MoU with Curtin University for research collaboration

Introduction:

Mining stock has partnered with Curtin University, Perth, through an MoU to enhance research in critical minerals, decarbonization, and resource technologies, showcasing its commitment to sustainable growth, innovative mining practices, and global collaboration in addressing environmental challenges.

Share Price movement of Coal India :

On January 28, 2025, Coal India Ltd opened at ₹376.00, reaching an intraday high of ₹377.60 and a low of ₹367.75. The stock is currently trading at ₹373.20, down 0.68% from its previous close of ₹375.75, with a market cap of ₹2,29,993.02 crore.

Coal India Limited (CIL) signs new MoU:

On January 28, 2025, Coal India Limited (CIL) signed a non-binding Memorandum of Understanding (MoU) with Curtin University in Perth, Australia. This collaboration focuses on research and knowledge sharing in critical minerals, decarbonization, and resource technologies.

The MoU, executed through Curtin University’s West Australian School of Mines, Minerals, Energy, and Chemical Engineering, aims to explore innovative approaches in decarbonization and resource management. The partnership underscores a commitment to advancing sustainable mining technologies.

This initiative strengthens Coal India’s research capabilities while promoting global collaboration in addressing environmental and technological challenges in the mining and energy sectors, marking a significant step in fostering sustainable growth and innovation.

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Recent news About Coal India  :

On January 27, 2025, Coal India Ltd reported a 17% YoY decline in consolidated net profit to ₹8,491.22 crore for Q3 FY25, compared to ₹10,291.7 crore last year, and announced a second interim dividend.

Stock performance of Coal India  for Period of 1 week, 6 months and 1 year:

Coal India Limited’s stock performance showed a 1.52% decline over the last week, reflecting recent market trends. Over six months, the stock recorded a substantial 30.5% drop, while the past year saw a moderate decline of 8.98%, signaling ongoing challenges.

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of Coal India :

All values in %	Dec-24	Sep-24	Jun-24
Promoters	63.13	63.13	63.13
FII	8.58	9.16	8.39
DII	22.59	22.57	23.15
Retail & others	5.7	5.12	5.32

About Coal India :

Coal India Limited, a state-owned enterprise established in 1975, is the world’s largest coal producer. It operates through multiple subsidiaries, supplying coal for power generation and industrial use, and plays a vital role in India’s energy sector.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.