Coal India Ltd

Coal India Ltd. is a state-owned company that mines and produces coal and operates coal-washing plants. The electrical and steel industries are the company's principal customers. Cement, fertilisers, brick kilns, and others are also consumers in other sectors.

The company's mission is to efficiently generate and sell the estimated quantity of coal and coal products while ensuring safety, conservation, and quality through effective production and marketing. The company's objective is to become a global player in the primary energy sector, which is dedicated to ensuring the country's energy security through achieving environmental and socially sustainable growth through best practices.

Company Overview

With its corporate headquarters in Kolkata, West Bengal, Coal India Ltd. is a "Maharatna" public sector enterprise that reports to the Ministry of Coal of the Indian government. Coal India Ltd. is the world's largest producer of coal and one of its most important employers. Coal India Ltd.'s activities include 84 mining areas across eight Indian provinces. As of April 1, 2022, Coal India Ltd. had 318 mines, of which 141 were underground, 158 were opencast, and 19 were mixed.

Additionally, 13 coal washers, 11 coking coals, 2 non-coking coals, and other locations, including workshops, hospitals, etc., are all operated by CIL. The company produces non-coking coal and coke in different grades for various applications. Opencast mines make up the majority of coal production. The energy and steel sectors are the largest consumers of coal in India. Other sectors include cement, fertilizer, brick kilns, and several others. In the Indian market, the company sells substantially all of the raw coal it produces.

CIL has ten entirely controlled Indian subsidiary enterprises, such as Eastern Coalfields Limited, Bharat Coking Coal Limited, Central Coalfields Limited, Western Coalfields Limited, South Eastern Coalfields Limited, Northern Coalfields Limited, Mahanadi Coalfields Limited, Central Mine Planning & Design Institute Limited, CIL NaviKarniya Urja Limited for the development of non-conventional/ clean, and renewable energy, and CIL Solar PV Limited for the development of the solar photovoltaic module.

About The Company

In two phases, in the 1970s, national energy programs led to almost complete government ownership of India's coal mines. On October 16, 1971, the Indian government passed the Coking Coal Mines Emergency Provisions Act. On May 1, 1972, it assumed control of all 226 coking coal mines and nationalised them, except the captive mines owned by IISCO, TISCO, and DVC.

Additionally, on January 31, 1973, the Central Government enacted the Coal Mines (Taking Over of Management) Ordinance 1973, which gave it control over all 711 non-coking coal mines. On May 1, 1973, these mines underwent the second phase of nationalisation. The Coal Mines Authority Limited (CMAL) was established as a public sector company to manage these non-coking mines. Coal India Ltd. was established as a legal holding company to operate both businesses in November 1975. The general public can securely invest in Coal India Ltd. shares.

Joint Ventures Of Coal India Ltd.

Coal India Ltd. has a foreign subsidiary in Mozambique known as Coal India Africana Limitada (CIAL). CIL also owns five joint venture firms, including Hindustan Urvarak & Rasayan Limited and Talcher Fertilisers Ltd. CIL NTPC Urja Pvt.Ltd., Coal Lignite Urja Vikas Private Company, and International Coal Ventures Private Limited. CIL directly manages the mines in the North Eastern Coalfields, Assam.

Mahanadi Coalfields Limited, a subsidiary of Coal India Ltd, has four Subsidiaries SECL has two subsidiaries, and CCL has one subsidiary. In the same way, South Eastern Coalfields Limited is still under lease with Dankuni Coal Complex. MCL comprises three subsidiaries: The companies with 70%, 60%, or 100% shareholdings are MNH Shakti Ltd., MJSJ Coal Ltd., and Mahanadi Basin Power Ltd.

Growth Of The Company

The audited accounts showed a rise in total revenue of INR 2132 crore over the last five years. INR 9935 crores in 2018, INR 11,482 crores in 2019, INR 12411 crores in 2020, INR 8319 crores in 2021, and INR 12067 crores in 2022.

On the other hand, profits went up to INR 11,201 billion from INR 9,293 billion in 2018. This resulted in an INR 1,908 million increase in net profit. From 2021 to 2022, the highest growth rates can be observed. According to the consolidated financial statements, the company's annual revenue growth of 21.1% was higher than its three-year compound annual growth rate of 2.5%.

Coal India Ltd Share Price

The Coal India Ltd share price today is stated above. The Coal India Ltd. shares prices keep fluctuating as per the changes in demand and supply in the share market. To invest in Coal India Ltd. shares price today, refer to the details mentioned above regarding Coal India Ltd. shares. You only need a Demat and trading accounts for safe and secure trading.

• Parent Organization- Govt. of India
• Founded- 1973
• Managing Director- Pramod Agrawal
• NSE Symbol- COALIndia