Quick Answer: Who Is The Owner Of Coal India?

Who owns Coal India?

Union Government of IndiaAs of 14 October 2015, CIL is owned primarily by the Union Government of India who controls its operations through the Ministry of Coal.

As of 14 October 2015, CIL’s market capitalisation stood at ₹2.11 lakh crore (US$30 billion) making it India’s 8th most valuable company..

Who is the promoter of Coal India?

The Shareholding Pattern page of Coal India Ltd. presents the Promoter’s holding, FII’s holding, DII’s Holding, and Share holding by general public etc….PREMARKET.Shareholding Pattern – Coal India Ltd.Holder’s NameNo of Shares% Share HoldingNoOfShares6162728327100%Promoters407563455366.13%7 more rows

Is Coal India a government company?

Coal India Ltd (CIL) is a ‘Maharatna’ Public Sector Undertaking under Ministry of Coal Government of India with headquarters at Kolkata West Bengal. CIL is the single largest coal producing company in the world and one of the largest corporate employers.

Who is the chairman of Coal India?

Pramod AgrawalPramod Agrawal on Saturday assumed charge as the new Chairman and Managing Director of Coal India Ltd, an official said. Agrawal, a 1991 batch IAS officer, was principal secretary for urban development and housing department in Madhya Pradesh.

Which is the biggest coal mine in India?

Jharia coalfieldJharia coalfield is a large coal field located in the east of India in Jharia, Jharkhand. Jharia represents the largest coal reserves in India having estimated reserves of 19.4 billion tonnes of coking coal.

Who is promoter of ONGC?

After a rap from market regulator Sebi, Hindustan Petroleum Corp Ltd (HPCL) has re-filed shareholding pattern of the company for last six quarters, listing its majority owner Oil and Natural Gas Corp (ONGC) as a ‘promoter’.

How long coal will last in India?

Coal India aims to have an annual production of 1 billion tonnes in five years, a target it was originally expected to meet in 2019-20.

What is the full form of CMPF?

CMPF SCHEMES. COAL MINES PROVIDENT FUND SCHEME 1948.

What Is the Future of Coal India?

Even assuming India doesn’t start building any more coal power plants going forward, it still means that in 2030 about half of India’s electricity will come from coal. Selected findings include: India actually uses a relatively modest amount of coal on a global scale, if we normalize per capita.

Who first used coal?

The earliest known use of coal in the Americas was by the Aztecs who used coal for fuel and jet (a type of lignite) for ornaments. In Roman Britain, the Romans were exploiting all major coalfields (save those of North and South Staffordshire) by the late 2nd century AD.

Is Coal India a good buy?

Coal India has net cash of Rs 23,000 crore putting it in a comfortable position. … The brokerage firm has a ‘Buy’ call on the stock with a fair value of Rs 195. On the other hand Motilal Oswal has a target price of Rs 190 apiece.

Who are the shareholders of SBI?

Listings and shareholdingShareholdersShareholdingPromoters: Government of India56.92%FIIs/GDRs/OCBs/NRIs10.94%Banks & Insurance Companies10.63%Mutual Funds & UTI13.72%2 more rows

What is the maximum pension under EPS 1995?

India had introduced the Employees Pension Scheme (EPS) in 1995, under which an employer was supposed to contribute 8.33% of the employee’s salary in a pension scheme. However, the contribution was capped at 8.33% of Rs 6,500 (or Rs 541 per month).

Does Coal India give pension?

Coal employers and executives are covered under CMPS-1998 which is effective from April 1, 1994… … As a result, even chairman and managing directors of state-owned coal companies, such as CIL, who retired before 1997 are receiving a monthly pension of only Rs 1,000-Rs 3,000 per month.

Will Coal India be Privatised?

Coal India will not be privatised, and it is given the target of producing one billion tonne coal by 2023,” he said. … Rs 50,000 crore would be invested for coal and mines infrastructure development, while priority would be for local players, he said.

Does coal have a future?

At least 28 countries have now joined the alliance, which requires OECD signatories to end coal by 2030, and developing ones by 2050. Rising carbon prices and the shift towards gas as a low-carbon ‘transition fuel’ are contributing to coal’s decline, but the collapsing cost of renewables is the real game changer.

Does India burn coal?

India’s ambitious renewable energy goals have received a lot of international attention, but coal still provides half of India’s commercial primary energy and is the dominant fuel for power generation.