Overview

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Coal India Limited (CIL) is an Indian state-controlled coal company headquartered in Kolkata, West Bengal, India and the world's largest coal miner with revenue exceeding INR60,245 Crore (FY2010-11). It was formerly owned entirely by the Union Government of India, under the administrative control of the Ministry of Coal. It is involved in coal mining and production industry. In April 2011, CIL was conferred the Maharatna status by the Union Government of India. In 2010, CIL's initial public offering (IPO) got subscribed 15.28 times, collecting a record over Rs 2,40,000 crore (Rs 2,400 billion) - the highest IPO subscription so far. On the first day of its listing on the Sensex, its stock closed 40% higher than IPO price. On the 17th of August 2011, Coal India Ltd, the world's biggest coal mining company became India's most valuable company by market capitalization. As of August 17, CIL's market valuation was US$55.32 billion, just above Reliance Industries' $54.86 billion. State-owned Oil and Natural Gas Corp of India comes a close third with a market cap of $52.82 billion.

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