Coal India Limited (CIL) is an Indian government-owned coal mining and refining corporation. It is under the ownership of Ministry of Coal, Government of India headquartered in Kolkata, West Bengal, India. It is the largest coal-producing company in the world and a Maharatna public sector undertaking.
Is Coal India a private company?
Coal India Ltd was incorporated on June 14 1973 as a private limited company with the name Coal Mines Authority Ltd.
Is Coal India a Maharatna company?
Coal India Ltd (CIL) has become a ‘Maharatna’. It is the fifth public sector company to be so designated. … On the occasion of celebrations of ‘public sector day’, Neyveli Lignite Corporation (NLC) was conferred with ‘navratna’ status.
How does Coal India make money?
It produced 554.14 million tonnes of raw coal in 2016–17, an increase from its earlier production of 494.24 million tonnes of coal during FY 2014–15 and earned revenues of ₹95,435 crore (US$13 billion) from sale of coal in the same financial year.
Does Coal India give pension?
The Scheme will be called as “CIL EXECUTIVE DEFINED CONTRIBUTION PENSION SCHEME – 2007”. … “Age of Superannuation” shall mean the age of 60 years or any normal age of retirement as decided by the Company from time to time, on attainment of which, an executive shall be entitled to superannuation pension or annuity.
Is Coal India a good buy?
CIL announced Rs 3.5 as the final dividend, taking FY21 payout to Rs 16/sh (10% yield at CMP). Aided by strong coal PLFs, increasing power demand and opening up of export opportunities, e-auction premiums are expected to continue improving. We remain positive for a significantly better FY22. Maintain Buy.
What is the full form of coal?
CIL stands for Coal India Limited. It is a state-owned coal mining corporation which was established in November 1975. In the year of its inception, it produced around 80 Million Tonnes (MTs) of coal and today It is the largest coal producer in the world. It is headquartered in Kolkata, West Bengal.
Does Coal India give dividend?
The Central government will receive Rs 1,426 crore as a dividend from Coal India. After this announcement, the total dividend payout for the financial year 2020-21 stood at Rs 16 per share or 160 per cent, the company said in a regulatory filing on Monday.
What is the largest coal company?
Top 10 Largest Coal Mining Companies in the World 2020
- BHP Billiton Ltd. …
- Coal India. …
- Shaanxi Coal. …
- Teck Resources Limited. …
- China Coal Energy Co Ltd. …
- Yancoal Australia Ltd. …
- Whitehaven Coal. …
- Alliance Resource Partners, LP.