Coal India rises on getting nod to list two subsidiaries [Mining]
AI Summary1 min read
TL;DR
Coal India's stock rises after receiving approval to list two of its subsidiaries. The company, focused on coal mining and production, serves key sectors like power and steel.
Tags
Mining & MineralsMiningCoal Indiasubsidiaries listingminingstock marketenergy sector
The company along with its subsidiaries is primarily involved in the mining and production of Coal. The major consumers of the company are the power and steel sectors. Consumers from other sectors include cement, fertilizers, brick kilns, etc. The company is currently executing a variety of projects, ranging from mining, washery, evacuation projects, etc. In order to ensure smooth implementation of such projects, it is continuously monitoring the ongoing progress through a number of sophisticated project management mechanisms.