Top 10 Public Sector (PSU) Companies in India 2016
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6) COAL INDIA LIMITED
The Coal India Limited, an Indian state-controlled company, is the largest coal producing company in the world.
It is responsible for the production of about 82 percent of total coal in India. CIL is headquartered in Kolkata, West Bengal, India and all the operations of CIL are controlled by Ministry of Coal and Union government of India owns about 79.65 percent shares in Coal India Limited.
CIL enjoys the status of “Maharatna Company” which was conferred to it in April 2011 by the Union Government of India. CIL is considered as the 8th most valuable company in India on the basis of its market value which accounts to INR 2.11 trillion.
There are nine subsidiaries under Coal India Limited which are:
1. Bharat Coking Coal Limited
2. Central Coalfields Limited
3. Central Mine, Planning & Design Institute Limited
4. Coal India Africana Limitada
5. Eastern Coalfields Limited
6. Mahanadi Coalfields Limited
7. Northern Coalfields Limited
8. South Eastern Coalfields Limited
9. Western Coalfields Limited
CIL is listed in both NSE and BSE. Coal India Limited employees more than 455,000 people. Shares of CIL are owned by Government of India (80 percent), Indian public (10.23 percent), Foreign Investors (Institutions) (5.44 percent), Banks and Financial Institutions (1.28 percent), Private Corporate Bodies (1.22 percent), Mutual funds (0.71 percent) and others (0.12 percent).
Awards and Recognitions:
CIL has won many awards like Corporate Social Responsibility Awards. Coal India Limited was featured in Forbes Global List of top 2000 companies, Fortune 500 Indian companies etc.