Coal India Limited (CIL) is a state-owned coal mining corporation which is headquartered in Kolkata, West Bengal, India. It was established in 1975 and is the largest coal producer company in the world. It produces 84% of India’s total coal production. It operates through 81 mining areas in eight states in India. The company was established to achieve self-sufficiency in coal production in the country. In 2010, it was ranked 355th in the Fortune Global 500 list of the world’s biggest corporations.
Growth of CIL
Coal India Limited (CIL) has experienced significant growth since its establishment in 1975. The company was initially established with the goal of achieving self-sufficiency in coal production in India, and it has since become the largest coal producer company in the world, producing 84% of India’s total coal production.
CIL has grown through a combination of organic expansion and strategic acquisitions. The company has increased its mining operations by opening new mines, increasing production capacity at existing mines, and acquiring other coal mining companies.
In terms of financial growth, CIL has seen a steady increase in revenue and profit over the years. The company’s revenue has grown from around Rs. 70,000 crore in FY 2010-11 to around Rs. 1,24,000 crore in FY 2018-19. Similarly, the company’s net profit has grown from around Rs. 12,000 crore in FY 2010-11 to around Rs. 20,000 crore in FY 2018-19.
CIL has also made significant contributions to the Indian economy, providing employment opportunities and generating significant revenue for the government through taxes and royalties.
However, CIL also faced some challenges in recent years, such as labor strikes, environmental concerns, and competition from private companies. The Government of India also opened the coal mining sector for commercial mining by private companies in 2020, that could also impact CIL’s growth.
Coal India share price
The growth of Coal India Limited (CIL) shares over the years has been mixed. CIL’s shares were initially offered to the public through an initial public offering (IPO) in 2010, at a price of Rs. 245 per share. The company’s shares performed well in the initial years after the IPO, with the share price reaching a high of around Rs. 400 in 2011.
However, the share price of CIL has been affected by various factors such as fluctuations in global coal prices, increased competition from private companies, and regulatory changes. The share price has fluctuated over the years, reaching a high of around Rs. 400 in 2011, and a low of around Rs. 200 in 2016.
In recent years, the share price has been relatively stable, fluctuating between Rs. 200 and Rs. 400. However, due to the current market conditions, the share price is fluctuating more than usual.
It is important to note that the performance of CIL shares is influenced by various factors, such as the company’s financial performance, global commodity prices, and changes in government policies. As such, the future growth of CIL shares will depend on how the company manages these factors, and how it adapts to the changing business environment.
As shown in the above image Coal India price have seen their fair share of ups and downs and have constantly fluctuated over the years. Coal India share price peaked in July 2015 when the share price touched INR 439.05. Currently, Coal India share price is at INR 215.20 (as of 13th Jan 2023).
Check the latest Coal India share price here.
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