Coal India rises on exploring feasibility of establishing data centers in decommissioned mines
Coal India is currently trading at Rs. 388.00, up by 0.90 points or 0.23% from its previous closing of Rs. 387.10 on the BSE.
The scrip opened at Rs. 388.30 and has touched a high and low of Rs. 389.60 and Rs. 386.55 respectively. So far 86317 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 517.65 on 27-Sep-2024 and a 52 week low of Rs. 349.20 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 395.85 and Rs. 380.00 respectively. The current market cap of the company is Rs. 239329.55 crore.
The promoters holding in the company stood at 63.13%, while Institutions and Non-Institutions held 30.92% and 5.94% respectively.
Coal India (CIL) is exploring the feasibility of establishing data centers in its decommissioned mines, leveraging existing infrastructure to meet the country's growing demand for digital capacity while advancing sustainable development. The company had already taken steps for a comprehensive feasibility study by consultants. The exercise will include a conceptual study of setting up data centres in India with a special focus on their viability within decommissioned CIL mines.
The study will cover site assessments, preparation of a comparison matrix for evaluating identified locations, and a Preliminary Feasibility Report (PFR) for the most suitable site. Four sites across CIL subsidiaries - Umrer (WCL), Saraipali in Korba (SECL), Himgir Rampur near Jharsuguda (MCL), and Nigahi (NCL) - have been shortlisted.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
