COAL INDIA LIMITED Company Profile Details at KooCapital.Com – Stock Market News Portal.
Coal India Limited is a holding company, which engages in the production and sale of coal. Its products and services include coking coal, semi coking coal, non-coking coal, washed and beneficiated coal, middlings, rejects, coal fines and coke fines, tar, heavy oil, light oil, and soft pitch. The company was founded in June 14, 1973 and is headquartered in Kolkata, India.
coal india limited company operating in Energy Minerals Sector and dealing in Coal. coal india limited is SEBI Listed Company (India) and having:-
ISIN (An International Securities Identification Number): INE522F01014
Equity Stock (National Stock Exchange) Symbol: COALINDIA
NSE Link IS: https://www.nseindia.com/get-quotes/equity?symbol=COALINDIA
BSE Link IS: https://www.bseindia.com/stock-share-price/coal-india-ltd/COALINDIA/533278/
Coal India Ltd is mainly engaged in mining and production of Coal and also operates Coal washeries. The major consumers of the company are power and steel sectors. Consumers from other sectors include cement, fertilizers, brick kilns etc.
A Maharatna company
Coal India was incorporated in 1973 as Coal Mines Authority Ltd after the nationalization of the coal sector. The company operates several coal mines in India through its 8 wholly-owned subsidiaries. The company was conferred the Maharatna status by GOI in 2011 and the status provided financial and operational autonomy to the company
Coal India Limited (CIL) as an organized state owned coal mining corporate came into being in November 1975 with the government taking over private coal mines. With a modest production of 79 Million Tonnes (MTs) at the year of its inception CIL today is the single largest coal producer in the world. Operating through 81 mining areas CIL is an apex body with 7 wholly owned coal producing subsidiaries and 1 mine planning and consultancy company spread over 8 provincial states of India. CIL also fully owns a mining company in Mozambique christened as ‘Coal India Africana Limitada’. CIL also manages 200 other establishments like workshops, hospitals etc.
Further, it also owns 26 technical & management training institutes and 102 Vocational Training Institutes Centres. Indian Institute of Coal Management (IICM) as a state-of-the-art Management Training ‘Centre of Excellence’ operates under CIL and conducts multi disciplinary management development programmes.
CIL having fulfilled the financial and other prerequisites was granted the Maharatna recognition in April 2011. It is a privileged status conferred by Government of India to select state owned enterprises in order to empower them to expand their operations and emerge as global giants.
Unmatched Strategic Relevance
◾1. Produces around 81.1% of India’s overall coal production
◾2. In India where approximately 52% of primary commercial energy is coal dependent, CIL alone meets to the tune of 40% of primary commercial energy requirement
◾3. Commands nearly 74% of the Indian coal market
◾4. Feeds 82 out of 86 coal based thermal power plants in India
◾5. Accounts for 76% of total thermal power generating capacity of the Utility sector
◾6. Supplies coal at prices discounted to international prices
◾7. Insulates Indian coal consumers against price volatility
◾8. Makes the end user industry globally competitive
Company Website: http://www.coalindia.nic.in/
Company Website2: http://www.coalindia.in/
LinkedIn page URL: https://in.linkedin.com/company/coal-india-limited
Wiki Profile URL: https://en.wikipedia.org/wiki/Coal_India
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