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Coal India Ltd share price today (on 26 September 2023).

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BSE: 533278 | NSE: COALINDIA | ISIN: INE522F01014 Market Cap: [Rs.Cr.] 226,189 | Face Value: [Rs.] 10 Industry: Mining / Minerals / Metals

Coal India Ltd is a 'Maharatna' Public Sector Undertaking under Ministry of Coal, Government of India with headquarteres at Kolkata, West Bengal. The company is the largest coal producing company in the world based on their raw coal production. Also, they are the largest coal reserve holder in the world based on their reserve base. The company produces non-coking coal and coking coal of various grades for diverse applications. Most of their coal production is from open cast mines. The company sells substantially all of the raw coal their produce in the Indian market. Their customers include large thermal power generation companies, steel and cement producers and other industrial companies in the public and private sector. Most of their coal is used in the thermal power sector in India.
The company has nine direct subsidiaries and two indirect subsidiaries. The direct subsidiaries are Bharat Coking Coal Ltd, Central Coalfields Ltd, Central Mine Planning and Design Institute Ltd, Eastern Coalfields Ltd, Mahanadi Coalfields Ltd, Northern Coalfields Ltd, South Eastern Coalfields Ltd, Western Coalfields Ltd and Coal India Africana Limitada. Mahanadi Coalfields Ltd has two subsidiaries, namely MJSJ Coal Ltd and MNH Shakti Ltd, which are the two indirect subsidiaries of the company. The company's coal production operations are primarily carried out through seven of their wholly-owned Subsidiaries in India. In addition, another wholly owned subsidiary, CMPDIL, carries out exploration activities for their subsidiaries and provides technical and consultancy services for their operations as well as to third-party clients for coal exploration, mining, processing and related activities. They have also established a wholly-owned subsidiary in Mozambique, Coal India Africana Limitada (CIAL), to pursue coal mining opportunities in Mozambique and have acquired prospecting licenses for two coal blocks in Mozambique. Coal India Ltd was incorporated on June 14, 1973 as a private limited company with the name Coal Mines Authority Ltd.
During the year 1975-76, the name of the company was changed from Coal Mines Authority Ltd to Coal India Ltd. Central Mine Planning and Design Institute Ltd, Eastern Coalfields Ltd, Western Coalfields Ltd, Bharat Coking Coal Ltd and Central Coalfields Ltd became the subsidiaries of the company. During the year 1979-80, the company constructed the low temperature carbonized plant started in Dankuni Coal Complex. During the year 1980-81, they constructed five new washeries, namely Moonidih washery, Ramgarh washery, Mohuda washery, Barora washery and Kedla washery. During the year 1985-86, the company formed Northern Coalfields Ltd and South Eastern Coalfields Ltd as subsidiaries of the company to manage certain mines managed by WCL and CCL.
During the year 1987-88, they introduced 'Blasting Gallery Method' at East Katras mine under BCCL and Chora mine under ECL. During the year 1992-93, the company formed MCL as their subsidiaries to manage mines Talcher and IB valley in the state of Orissa. During the year 2006-07, the company was awarded the 'Mini Ratna' status by the Department of Public Enterprises, GoI, to the company and to MCL, NCL, SECL and WCL. During the year 2007-08, CCL was awarded the 'Mini Ratna' status by the Department of Public Enterprises. During the year 2008-09, the company was awarded 'Navratna' status by the Department of Public Enterprises, GoI, for their operational efficiency and financial strength. During the year 2009-10, the company was converted into a public limited company. The company established of Coal India Africana Limitada, a foreign subsidiary in Mozambique. Also, CMPDIL was awarded 'Mini Ratna' status by the Department of Public Enterprises, GoI. The company was awarded Scope Excellence Award by the Standing Conference of Public Enterprises for the year 2007-08. In March 30, 2010, the company signed an MoU with their administrative ministry - Ministry of Coal - for its key performance areas for the fiscal 2010-11. As per the MoU for the fiscal 2010-11, CIL's targeted production and coal off-take have been pegged at 461.5 Million Tonnes (MTs) and 462.5 MTs respectively for attaining an 'Excellent' rating.
As of March 31, 2010, the company operates 471 mines in 21 major coalfields across eight states in India, including 163 open cast mines, 273 underground mines and 35 mixed mines (includes both open cast and underground mines). They are also operating 17 coal beneficiation facilities with an aggregate designed feedstock capacity of 39.40 million tons per annum. In June 2010, the company has proposed development of a coal block in Indonesia in joint venture with the country's State sector. In October 2010, the company made an initial public offer of shares and their shares were listed on the Bombay Stock Exchange and National Stock Exchange with effect from November 4, 2010. In December 2010, the company signed an MoU with Shipping Corporation of India Ltd for promoting a joint venture company.
In March 7, 2011, the company bagged a prestigious International award in Geneva. The company was conferred with the 'Century International Quality ERA Award (CRE) in the Gold Category in recognition of commitment to quality, leadership, technology and innovation. In April 11, 2011, the compahy was conferred with 'Maharatna Status' by the Govt of India. In May 17,2011, the company became the most valuable PSU with a market capitalisation of Rs. 2.51 lakh crore.

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