Board Of Maharatna Company Set To Declare Dividend, Check Details

Coal India Ltd., (CIL) a maharatna PSU company is set to declare a dividend today, along with announcing its quarterly financial results. According to an available report, its production for October increased by 6.3% from last year, which is the highest in the last 5 months.

Additionally, Coal India is planning 17 projects worth Rs. 11,000 crore for the green transport of coal, as reported by CNBC. The projects will have a loading capacity of 317 million tonnes per annum (MTPA).

Stock performance

In the last 1 month CIL's share price gained by 7.26%, the past 6 months its share price gained by 35.05%, and in the last 1 year its share price has gained by 43.97%. The 52-week high level of this stock is Rs. 249.60, and the 52-week low level of this stock is Rs. 139.15. This large-cap PSU company has a market capitalization of Rs. 151,633 crore. The company is already offering a dividend yield of 6.91%.

Maharatna company is known as a company that has recorded a net profit of more than Rs. 5,000 crore for 3 consecutive years. The company should also have an average annual turnover of Rs. 25,000 crore for 3 years. CIL is one of the top maharatna PSU stocks.

Disclaimer

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