Top 10 Public Sector (PSU) Companies in India 2015
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2. Coal India
Coal India Limited is coal mining enterprise which is state controlled and headquartered in Kolkata.
Image: company website
It is regarded as the largest coal producing company in the world and in India it accounts for 81% of the total coal production. Its operations are controlled through the Ministry of Coal.
It was conferred the status of Maharatna in 2011. In terms of market value, it is the fifth most valuable company.
Coal India has seven subsidiaries through which coal production is done. The subsidiaries are as follows:
• Bharat Coking Coal Limited
• Central Coalfields Limited
• Eastern Coalfields Limited
• Mahanadi Coalfields Limited
• Northern Coalfields Limited
• South Eastern Coalfields Limited
• Western Coalfields Limited
Another wholly owned subsidiary Central Mine, Planning & Design Institute Limited carries out exploration activities for the subsidiaries of Coal India. It also provides consulting and technical assistance to the subsidiaries as well as other third parties. Coal India also has a subsidiary in Mozambique named Coal India Africana Limitada for carrying out coal mining activities in the region.
Coal India Limited is listed in both the BSE as well as the NSE. The shareholding pattern in Coal India is described as follows:
• Government of India – 80.00%
• Foreign Institutional Investors – 5.44%
• Banks and Financial Institutions – 1.28%
• Indian Public – 10.23%
• Private Corporate Bodies – 1.22%
• Mutual Funds – 0.71%
• NRI/OCB/Others – 0.12%
As of FY13, Coal India has been reported to have more than 455,000 employees and it has spent an amount greater than Rs. 270 billion in employee benefits alone. The company has won several accolades including two Corporate Social Responsibility Awards. It has also featured in Platts Top 250 Global Energy Company Rankings, Forbes Global 2000 List and Fortune 500 India List.