Coal India Ltd (CIL) announced that it and UP Rajyut Utpadan Nigam Ltd (UPRVUNL) have signed a memorandum of understanding (MoU) for the establishment of a 500 MW solar power plant in Uttar Pradesh.

Reports claim that CIL and UPRVUNL have executed a nonbinding Memorandum of Understanding (MoU) on 05.05.2025 at Lucknow.

The two plans to set up a 500 MW Solar Power project in Uttar Pradesh as a part of Green and Renewable Energy Initiatives of CIL and to meet the growing energy demand and ensure energy security for the state of Uttar Pradesh.

"The MoU also includes provision for any additional opportunities which the parties mutually agree to collaborate in the foreseeable future," it added.

Regarding individual stocks, CIL shares were observed to be up 0.53 percent at Rs 386.45. They have lost 11.22 percent at this pricing during the past six months.

Around 5.93 lakh shares were exchanged at the time this piece was written, indicating that CIL saw high trading volume on the BSE today. 

 

The amount exceeded the 2.30 lakh share volume that was the two-week average.

With a market capitalization (m-cap) of Rs 2,37,942.94 crore, the counter's turnover was Rs 22.87 crore. About 2.60 lakh sell orders and 1.75 lakh buy orders were placed for the shares.

Technically, the scrip was observed to be higher than the 50-day and 100-day simple moving averages (SMAs) but lower than the 5-day, 10-, 20-, 30-, 150-, and 200-day SMAs.

The relative strength index (RSI) for the last 14 days was 46.64. Oversold is defined as a level below 30, and overbought is defined as a value beyond 70.

The stock's price-to-book (P/B) ratio is 12.90, while its price-to-earnings (P/E) ratio is 13.83. The return on equity (RoE) was 93.26 and the earnings per share (EPS) was 27.92. 

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CIL has a one-year beta of 1.3, which indicates strong volatility, based on Trendlyne data.