Coal India Limited
LIC decreased its stake in Coal India Limited from 10.24% to 9.63%, selling 3,79,54,725 shares.
India's largest coal producer, the company mines and produces coal while operating coal washeries across multiple locations nationwide. Its primary customers include the power and steel sectors, which consume the majority of its output. The company also supplies coal to cement, fertilizers, and brick kiln industries, serving as a critical supplier of thermal and coking coal to India's energy and industrial infrastructure.
India's largest domestic institutional investor with over Rs 56 lakh crore in total AUM, of which roughly Rs 15 lakh crore sits in listed equities. Holds stakes in virtually every major listed Indian company. When LIC builds or exits a position, it moves markets. Government-owned and mandated to invest policyholder funds in Indian equities and bonds, making it the ultimate long-only, long-term India bull.