Coal India (CIL), the world’s largest coal miner by output, would be paying Rs 18,317 crore as dividend for 2013-14. The state-owned company has declared an interim dividend of Rs 29 per share, amounting to Rs 18,317 crore, of which the government would get Rs 16,485.71 crore for its 90 percent stake in the Maharatna company. The company will pay the dividend from January 25.
Coal India’s dividend comes in the backdrop of government failure to disinvest 10 percent of its shares in this year. Trade unions were opposed to further disinvestment of CIL which was listed in November, 2010 after a blockbuster initial public offer.
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.
Coal India’s dividend comes in the backdrop of government failure to disinvest 10 percent of its shares in this year. Trade unions were opposed to further disinvestment of CIL which was listed in November, 2010 after a blockbuster initial public offer.
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.
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