The government has pared its holding in Coal India to 72.33 percent in the financial year 2019 from 78.5 percent in 2017-18. The FIs stake in the miner stood at 18.63 percent, followed by FIIs at 6.3 percent. public shareholding was at just 2.74 percent.
In the 2018-19 financial year, the government has received in excess of Rs 18,000 crore by twin dividends and stake sale by various modes like public offer and ETFs. During the last financial year, the total payout to government was around Rs 10,000 crore, without any stake sale.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
