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.
Who owns Coal India?
In April 2011, CIL was conferred the Maharatna status by the Union Government of India, making it one of the seven with that status. As of 14 October 2015, CIL is owned primarily by the Union Government of India who controls its operations through the Ministry of Coal.
Is Coal India a government company?
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.
Is Coal India good to buy?
Coal India has net cash of Rs 23,000 crore putting it in a comfortable position. … The brokerage firm has a ‘Buy’ call on the stock with a fair value of Rs 195.
Which is the richest coal field in India?
Does Coal India give pension?
As a result, even chairman and managing directors of state-owned coal companies, such as CIL, who retired before 1997 are receiving a monthly pension of only Rs 1,000-Rs 3,000 per month.
What Is the Future of Coal India?
Coal use is anticipated to increase 3.8 per cent in 2021. In the medium term (to 2025), India has one of the highest potentials to increase coal consumption as electricity demand rises and more steel and cement are required for infrastructure projects, as per the International Energy Agency said.
Who is the CEO of Coal India Limited?
Pramod Agrawal (Feb 1, 2020–)
How long coal will last in India?
There will be no restriction on the sale and utilization of coal from these mines. India’s coal requirement is expected to go up to 1,123 million tonnes (mt) by 2023 from the present levels of around 700 mt. The earlier plan was to mine 1.5 billion tonnes of coal by 2020.
What is the largest coal company?
Which share is best to buy now?
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Does Coal India give dividend?
Coal India added that the company has fixed 20th November 20 as the record date for the purpose of payment of interim dividend on equity shares for the financial year 2020-21, if declared by the Board.
What is other income of Coal India?
Profit & Loss – Coal India Ltd. Rs (in Crores)Mar’20Mar’17Other Income11566.330015004.7500TOTAL INCOME12411.4915294.63EXPENDITURE:Manufacturing Expenses83.1597.20Ещё 31 строка
Which is the biggest coal mine in India?
Which state in India is the largest producer of coal?
Jharkhand, Odisha, Chhattisgarh, West Bengal, Madhya Pradesh, Telangana and Maharashtra accounted for 98.26% of the total known coal reserves in India. As on 31 March 2018, Jharkhand and Odisha had the largest coal deposits of 26.06% and 24.86% respectively.
Which coal is mostly found in India?