Is Coal India Limited a PSU?

Coal India Limited (CIL) is an Indian state-owned coal mining and refinery company headquartered in Kolkata, West Bengal, India. It is the largest coal-producing company in the world and a Maharatna PSU under the Ministry of Coal Government of India.

Is Coal India a PSU?

Coal India Ltd (CIL) is a ‘Maharatna’ Public Sector Undertaking under Ministry of Coal Government of India with headquarters at Kolkata West Bengal. CIL is the single largest coal producing company in the world and one of the largest corporate employers.

Who is the CEO of Coal India Limited?

Do Coal India employees get pension?

Employer will contribute towards the Pension Scheme an amount restricted to 9.84% of the Basic Pay & DA minus the Central Government contribution towards CMPS @ 1.67% of the salary limited to ₹1600/- (₹27/-) subject to the following conditions: a. No Government budgetary support for the operation of the Scheme.

Why Coal India is a good buy?

Coal India (CIL) has reported higher-than-estimated PAT in Q4FY21, buoyed by higher volumes, improved q-o-q realisation and lower taxes. At Rs 45.9 bn, PAT was lower by only 0.8% y-o-y, despite higher contractual expense and lower other income due to decline in cash balance and lower rates.

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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.

Will Coal India be Privatised?

Coal India will not be privatised, and it is given the target of producing one billion tonne coal by 2023,” he said. … Rs 50,000 crore would be invested for coal and mines infrastructure development, while priority would be for local players, he said.

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 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.

Where is the headquarter of Coal India Limited?

What is book value of Coal India?

Coal India’s Key Fundamentals

Parameter Values
Earning Per Share (EPS TTM) (₹) 17.76
Price To Earnings (P/E) Ratio 8.02
Book Value Per Share (₹) 20.45
Price To Books (P/B) Ratio 6.97

How many employees does Coal India have?

Number of employees at Coal India FY 2003-2020

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Coal India Limited was the largest coal producing company in the world, with its headquarters in Kolkata, West Bengal, and state-owned. The company had over 272 thousand employees during financial year 2020.

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