Top 10 Public Sector (PSU) Companies in India 2018

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5) Coal India limited

This company is the largest company in the world producing coal and these operations are done mostly through the 80 odd mining centers spanning across eight states in India.

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More than 80% of the total coal production in India is done by Coal India Limited and is one of the largest in the world also. This company is controlled by the union government of India and also it was granted Maharatna status in the year 2011.

It provides employment to around 335000 people under it. 50% of the total expenditure it incurred in a year was because of employee benefits. In order to acquire more coal blocks in and around India a joint venture with NTPC was formed in 2010 as a 50-50 partnership. The company initially had only 5 subsidiaries and then later on over the years it now has 7 wholly owned subsidiaries and another subsidiary which provides consultancy services for activities like planning, exploration etc. to all the other seven subsidiaries. There is also a wholly owned subsidiary in Mozambique, Africa; which is for the purpose of searching for coal mining in that country. The main blot on this company is what happened in 2011 when it was found that it was operating approximately 240 mines without any sort of environmental clearances whatsoever. It however claimed that the request for clearance was submitted to the Ministry of environment and forests; but this reason was not satisfying to the judiciary system in India.

Revenues (INR Cr): 124976

Profits (INR Cr.): 9265

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