Coal India Limited
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Description of Coal India Limited
Coal India Limited is an Indian state-controlled coal mining company headquartered in Kolkata, West Bengal, India and the world's largest coal miner with revenue exceeding 602.45 billion. It was formerly owned entirely by the Union Government of India, under the administrative control of the Ministry of Coal. It is involved in coal mining and production industry. In April 2011, CIL was conferred the Maharatna status by the Union Government of India and ranked as one of India's most valuable company by market value. In 2010, CIL's initial public offering (IPO) got subscribed 15.28 times, collecting a record over 2.4 trillion—the highest IPO subscription so far. On the first day of its listing on the Sensex, its stock closed 40% higher than IPO price. It is India's largest ever public offer from Coal India Ltd. to raise up to 15,000 crore (US$2.99 billion). It is currently 90% owned by the Government of India with the remaining 10% owned by the public.
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