Coal India Ltd.

Government of India has decided to sell 10% paid up equity capital of Coal India (CIL) out of its shareholding of 78.65%, through offer for sale (OFS). The stake sale is part of government’s three-year disinvestment plan, and it was already in discussion during the last financial year. Currently, the department of disinvestment (DoD), the Ministry of Finance, is in the process of appointing merchant bankers for managing the stake sale. At the current market prices, sale of 63.16 crore shares or 10% stake would fetch Rs 23,460 crore to the exchequer.

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.