Public sector Maharatna company Coal India Limited has posted a phenomenal increase in net profit for the full financial year FY11 (ending Mar 2011). During the said period, net profit rises to Rs 4696.10 crore in comparison to the Rs 3779.91 crore of full financial year FY10 (ending Mar 2010) of previous year. Coal India Limited (CIL) is an Indian state-controlled coal company headquartered in Kolkata, West Bengal, India and the world’s largest coal miner with revenue exceeding Rs 51,925 Cr (FY2009-10).It was formerly owned entirely by the Union Government of India, under the administrative control of the Ministry of Coal. It is involved in coal mining and production industry. In April 2011, CIL was conferred the Maharatna status by the Union Government of India
The company informed the share market (BSE/NSE) that the net income increased to Rs 5498.00 crore in the full financial year FY11 (ending Mar 2011) when compared with the last years same period of full financial year FY10 (ending Mar 2010) of previous year which was Rs 4593.44 crore.
The board has recommended total dividend at Rs 3.90 a share, subject to the approval of the shareholders for FY11 which includes payment of interim dividend of Rs 3.50 a share.
Share’s Data :-
BSE Code : 533278
Market Cap : Rs 244,286.77 Crores
Coal India Ltd. share’s CMP is Rs 386.75 on 13th May 2010.
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