With a market cap of Rs. 1,30,249.26 crore, Coal India Limited is a large-cap company engaged in the country’s coal and mining industry. Today as one of the largest coal producers in the world, Coal India has been accorded the Distinctive Status of Maharatna Company by the Government of India. Coal India has ten wholly owned Indian subsidiaries, Eastern Coalfields Limited (ECL), Bharat Coking Coal Limited (BCCL), Central Coalfields Limited (CCL), Western Coalfields Limited (WCL), South Eastern Coalfields Limited (SECL), Northern Coalfields Limited (NCL), Mahanadi Coalfields Limited (MCL), Central Mine Planning and Design Institute Limited (CMPDIL), CIL Navi Karnia Urja Limited and CIL Solar PV Limited. Coal India is responsible for 75% of all coal based power generation and 85% of all domestic coal production. Additionally, it contributes to 55% of the country’s total electricity generation and meets 40% of the country’s primary commercial energy needs.
The company in a stock exchange filing said that “Notice is hereby given to the members of Coal India Limited that the forty-eight Annual General Meeting of the company will be held on Tuesday, the 30th August.’2022 at 11.00 AM through video conferencing (VC) /Other Audio-Visual Instruments (OAVM) for transacting the following businesses:
1. Standalone audited financial statements of the company for the financial year ended March 31, 2022, including the audited balance sheet as at March 31, 2022 and the statement of profit and loss and reports of the Board for the year ended March 31, 2022. Director, Statutory Auditor and Comptroller and Auditor General of India.
2. Consolidated audited financial statements of the company for the financial year ended 31st March, 2022 including the audited balance sheet as at 31st March, 2022 and statement of profit and loss for the year ended 31st March, 2022 and the Statutory Auditor’s report Huh. and the Comptroller and Auditor General of India thereon.
3. To confirm the first and second interim dividends paid @ 9/- per share and To declare @ 5/- per share and final dividend on equity shares respectively for the financial year 2021-22 3/- per share (30%) on equity shares for the financial year 2021-22.
“The company has set Friday, August 12,2022 as the “record date” for the purpose of determining the eligible members to receive the final dividend for the financial year 2021-22, the board of directors said in a regulatory filing. “
Coal India shares closed on Friday 212.00 each, up 4.51% from the previous close. On YTD basis, the stock has gained 36.51 per cent so far in 2022 and the stock has given a return of 47.32% in the last 1 year.
catch all business News, market news, today’s fresh news events and breaking news Updates on Live Mint. download mint news app To get daily market updates.