Coal India Share Price

Coal India Ltd is a state-owned coal mining corporation primarily involved in the mining and production of coal and the operation of coal washeries. The company's main customers are the electricity and steel industries. Consumers from other industries include cement, fertilizers, brick kilns, and so on.

The mission of the company is to produce and market the projected quantity of coal and coal products efficiently and cost-effectively while maintaining safety, conservation, and quality. The vision of the company is to become a worldwide participant in the primary energy industry devoted to ensuring the country's energy security by achieving environmentally and socially sustainable growth through best practices from mine to market.

The government's national energy program resulted in nearly entire governmental ownership of coal mines in India in two stages in the 1970s. On 16 October 1971, the Government of India enacted the Coking Coal Mines (Emergency Provisions) Act 1971, under which, except for the captive mines of IISCO, TISCO, and DVC, the Government of India took over control of all 226 coking coal mines and nationalized them on 1 May 1972.

Furthermore, on 31 January 1973, the Central Government took over control of all 711 non-coking coal mines by promulgating the Coal Mines (Taking Over of Management) Ordinance 1973. These mines were nationalized in the following phase of nationalization on 1 May 1973, and a public sector firm called Coal Mines Authority Limited (CMAL) was founded to oversee these non-coking mines.

In November 1975, Coal India Limited was founded as a formal holding company to handle both firms. CIL has seven producing 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), and Mahanadi Coalfields Limited (MCL) with a mine planning and consultancy firm called Central Mine Planning & Design Institute (CMPDI).

CIL also has an overseas company in Mozambique, Coal India Africana Limitada (CIAL). CIL manages the mines in Assam, namely the North Eastern Coalfields. CIL has established two new subsidiaries: CIL Navi Karniya Urja Limited for non-conventional/clean & renewable energy development and CIL Solar PV Limited for the development of solar photovoltaic modules.

Shareholding Pattern

The remaining 33.87% has been held by the public including FIIs and DIIs. Out of the total stake, FIIs held 6.94%, Other Domestic Institutions 21.76%, Government 0.09%, and Public 5.07% along with 66.13% held by promoters.

Corporate Social Responsibility Information

Coal India Limited has spent INR 553.85 crore on corporate social responsibility (CSR) activities in 2020-21, benefiting thousands of people. CIL social initiatives are focused on environmental sustainability, improving education, drinking water facilities, community health, women empowerment, sustainable livelihood, sanitation, skill development, and sports and games promotion.

CIL and its subsidiaries' CSR operations are centred on providing basic infrastructure services such as healthcare, education, sanitation, and water supply in outlying areas. CIL has spent INR 553.85 Cr in FY 2020-21, INR 587.84 Cr in FY 2019-2020 and INR 416.47 in FY 2018-2019 for CSR. This contributes to the improvement of these areas or district's development indicators and creates a favourable atmosphere for residents to become productive members of the economy.

Financial Information

Top Line

Over the last 5 years, the audited financial statements show a leap of INR 2132 crores in the total income.