Coal India Ltd.

In a bid to meet its disinvestment target for 2015-16, Government of India (GoI) has given its approval for a 10 per cent stake sale in Coal India (CIL). The stake sale could fetch the government a little over Rs 21,000 crore. However, this would be less than the Rs 22,557 crore mopped up by the government when it had sold 10 per cent stake in CIL last time in January 2015.

Budget 2015-16 had set a target of Rs 69,500 crore from disinvestments, including Rs 500 crore from strategic stake sales and Rs 41,000 crore from minority stake sales, such as is being planned in CIL. Till now the government has raised Rs 12,600 crore through disinvestments in four PSUs - Indian Oil Corporation, Dredging Corporation of India, Power Finance Corporation, and Rural Electrification Corporation.

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.