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Kolkata: Coal India, India’s largest coal producer, has made a profit of over Rs 6,000 crore in the last quarter of this year. Thus investors in the stock market are competing to buy its shares.
Coal India Limited (CIL) is India’s largest public sector coal producer headquartered in Kolkata. In 1956, 212 coal mines were consolidated in India and the majority were nationalized.
About 85% of India’s coal production is done by CIL. 2 lakh 72 thousand employees work for CIL across the country. It is the largest coal producer and exporter in the world and has been the most profitable company due to the increasing demand for electricity from 2010 to date.
6,215 crore in the fourth quarter of this year alone. A recent poll shows that the company’s growth is growing at 46 percent year-on-year. Many investors are interested in investing in CIL. Investors are flocking to the Indian stock market to buy Indian shares.
