Introduction:
PSU stock signed a non-binding MoU with a government-backed R&D institution on March 15, 2025, aiming to jointly develop technology and expertise in critical minerals. This strategic collaboration focuses on advancing mineral-based technologies to support long-term growth and innovation.
Share Price movement of Coal India:
On March 18, 2025, Coal India Limited opened at ₹387.45, reaching a high of ₹392.00, up 1.28% from its previous close of ₹385.75, with a low of ₹386.45. The stock is currently trading at ₹390.70, with a market cap of ₹2,40,777.80 Crores.
Coal India signed new MoU:
Coal India Limited signed a non-binding MoU with Non-Ferrous Materials Technology Development Centre (NFTDC) on March 15, 2025, in Hyderabad. The collaboration aims to strengthen technology development and expertise in the field of critical minerals.
NFTDC is an autonomous, self-financing R&D institution under the Ministry of Mines, Government of India. Through this partnership, both organizations will jointly explore and enhance capabilities in critical mineral technologies, contributing to India’s mineral development goals.
Coal India communicated the MoU under SEBI Regulation 30 for stakeholder transparency. This partnership reflects Coal India’s strategic intent to diversify and support mineral-based technology advancements, ensuring long-term growth and innovation in critical sectors.
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Recent news About Coal India:
Coal India has entered into a joint venture with the Indian arm of France’s EDF to develop renewable energy projects in South Asia.
Stock performance of Coal India for Period of 1 week, 6 months and 1 year:
Coal India stock gained 1.77% over the past week, reflecting short-term positive movement. However, it recorded a significant 19.3% decline over the last six months. Over the one-year period, the stock registered an overall loss of 8.56%, indicating weak long-term performance.
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 Ltd (NSE: COALINDIA) is a government-owned Maharatna company and the world’s largest coal producer. It operates multiple mines across India, supplying coal to power, steel, and cement industries. The company plays a crucial role in meeting India’s energy and industrial fuel needs.
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.
