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Coal India gets nod to acquire stakes in overseas unlisted firms

16 Dec 2011 Evaluate

Coal India (CIL) has received its board’s approval to acquire stakes in overseas unlisted firms for valid offers. The company’s board gave the approval to the issue in wake of finance ministry having granted approval last month to CIL to go-ahead with buyout of overseas firms that are unlisted.

In the first phase of the programme, the company will take up three offers -- in Australia, Indonesia and the US.

Coal India is the largest coal producing company in the world. The company also produces non-coking coal and coking coal of various grades for diverse applications. The 11 coalfields in which it conduct its most significant mining operations are the Korba, Singrauli, Talcher, IB Valley, Wardha Valley, Jharia, North Karanpura, Central India Coalfields, Raniganj, Rajmahal/Deogarh and East Bokaro coalfields.

Coal India Share Price

438.70 5.80 (1.34%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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