Maharatna Coal India Company Board Sets Record Dividend Date
With a market capitalization of Rs. 1,30,249.26 crore, Coal India Ltd. is a large-cap company engaged in the country’s coal and mining industry. As one of the largest coal producers in the world, Coal India has been granted the unique status of Maharatna Corporation by the Government of India. Coal India has ten wholly owned Indian subsidiaries, Eastern Coalfields Limited (ECL), Bharat Coking Coal Limited (BCCL), Central Coalfields Limited (CCL), Western Coalfields Limited (WCL), South Eastern Coalfields Limited (SECL), Northern Coalfields Limited ( NCL), Mahanadi Coalfields Limited (MCL), Central Mine Planning & Design Institute Limited (CMPDIL), CIL Navi Karniya Urja Limited and CIL Solar PV Limited. Coal India is responsible for 75% of all coal-based power generation and 85% of all domestic coal production. In addition, it contributes to the production of 55% of the country’s total electricity and meets 40% of the country’s primary commercial energy needs.