COAL INDIA
Coal India Ltd. (CIL) is a ‘Maharashtra’ public sector undertaking under Ministry of Coal government of India, which is headquartered at Kolkata, West Bengal. It was founded in the year 1975. The company is the largest coal-producing company in the World and is the fifth largest employer in India with nearly 2,72,000 employees. It contributed 82% to total the total coal production in India. CIL ranks 8th among the top 20 firms responsible for a third of all global carbon emissions. It owns the world’s largest recoverable coal reserves at more than 22bnt and they have excelled in advertising and marketing in B2B as well as TVCs, print and online media.
The Company at present has 394 mines of which 193 are underground,177 opencast and 24 mixed mines. CIL further operated 15 coal washeries (12 cooking coal and 3 non-cooking coal). Their low cost of production and large labor pool gives them the opportunity to expand operations and efficiency. They play a major role to play in India’s aspiration for being an energy sufficient country. Their business ethics include producing and marketing planned quantity of Coal and Coal products, efficiently ad economically with due regard to Environment, Safety, and Quality. All board members and senior management are expected to act in accordance with highest standards of personal and professional integrity, honesty and ethical conduct, while conducting business of the Public Enterprise.
Recently, Coal India is planning to invest Rs.35 Cr. to set up oxygen generation plants. They have lifted an embargo on exports under its e-auction sales policy, allowing customers including traders to export coal bough through this route.
Their shareholding pattern include: Promoters having 66.13% shares, FIIs having 6.48% shares, DIIs having 21.87% shares, Public having 5.45% shares and Government having 0.07% shares.
For the quarter ending 31-03-2021, the company has recorded a Total Income of Rs.27974.12 Cr. against Rs.24334.62 Cr. in the last quarter. Their net profit for the quarter was Rs.4588.96 Cr. against Rs.3084.10 Cr. in the last quarter. Their EPS value is Rs.7.44 against Rs.5.01 in the last quarter. The Company’s asset value is Rs.161779.7 Cr. in Q4FY21 against Rs.150327.5 Cr. in Q4FY20.
Overall, their Y-o-Y growth is recorded to be -23.94% and Q-o-Q growth is 48.79%. Their consolidated operating revenues have declined by 3% Y-o-Y basis and their volume went flat for the last quarter of FY21. Although, the company has generated good number, but their profitability has shown flattish as compared to the same period last yearly. It is partly aided by a decline in tax outgo.
