Coal India: The 7th Maharatna PSU that has Shaped India's Energy Landscape.
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Coal India Limited (CIL) is a state-owned, 7th Maharatna PSU (Public Sector Undertaking) coal mining company in India, which is responsible for producing over 80% of the country’s coal.
Coal India Limited (CIL) is a state-owned Maharatna PSU (Public Sector Undertaking) that was formed in 1975 with the nationalization of coal mines in India.
CIL was formed in 1975 under the nationalization of coal mines in India, prior to that, it was mostly in private hands, and the industry was highly fragmented.
Formation of Coal India Limited - CIL
All the four divisions of CMAL, along with 45% in Singareni Collieries Company were transferred to CIL along with BCCL.
Formation of Coal India Limited - CIL
Coal India Ltd.
Subsidiries
Bharat Coking Coal Limited (BCCL), Eastern Coalfields Limited (ECL), Central Coalfields Limited (CCL), Western Coalfields Limited (WCL), and more...
Coal India Ltd.
Subsidiries
3 more companies were formed under CIL, which were Northern Coalfields Limited (NCL), South-Eastern Coalfields Limited (SECL), and Mahanadi Coalfields Limited (MCL).
Coal India Ltd.
Overview
Coal is the primary source of energy in India, and CIL supplies coal to the power and steel industries in India, building country’s economic growth.
Coal India Ltd.
Conclusion
Coal India Limited is a Maharatna PSU is the world’s largest coal producer, CIL has a vast reserve of high-quality coal and a workforce of over 270,000 employees.
Buy CIL for Long Term.
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Date - 03-03-2023 CMP. 223₹ TARGET. 450₹ Duration. Long Term