Coal India Limited, a Maharatna company of Government of India, a state-owned company which has headquarters in Kolkata. It is engaged in the primary energy sector of coal mining and marketing business. It aims to tread on a path of an environment-friendly sustainable model of growth through best practices adopted in coal mining and marketing. Coal India share price has been steadily following the upward curve barring a few down movements.
Coal India Share Price Graph
Coal India started its journey back in 1973 wholly owned by Government of India in the name Coal Mines Authority Limited which later was changed to Coal India Limited. In 2010, through a change in government policy, it became a public limited company after which Coal India IPO came and equity shares are available for trading through NSE, BSE.
Coal India is the largest coal producer in world ( as per data published in 2010). Under its umbrella there are 11 coalfields. In these coalfields coal is extracted from 273 underground mines, 163 open-cast mines and 35 mixed mines.
Coal India produces coking coal and non-coking coals of different grades to suit various applications for both industrial and non-industrial purposes.
Coal India has nine direct subsidiaries. Among them, there are 8 Indian subsidiaries and 1 foreign subsidiary
- Indian Subsidiaries
- Bharat Coking Coal Limited (BCCL)
- Central Mine Planning & Design Institute Limited
- Central Coalfields Limited (CCL)
- Mahanadi Coalfields Limited (MCL)
- Eastern Coalfields Limited (ECL)
- South Eastern Coalfields Limited (ESCL)
- Northern Coalfields Limited (NCL)
- Western Coalfields Limited (WCL)
- Foreign Subsidiary
- Coal India Africana Limitada.(CIAL). In addition there are two indirect subsidiaries. They are,
- MNH Shakti Limited and
- MJSJ Coal Limited
Company Financials – Coal India share price is Rs 253.50 (as on 19.06.17, 10.23 hrs.) in BSE. As per latest data, the standalone basis P/E is 10.93 versus average industry PE of 11.56, EPS is Rs 23.36. Market cap is Rs 1,58,537 crores. The face value of a share is Rs 10.
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