Coal India Limited
ICICI Prudential Mutual Fund raised its stake in Coal India Limited to 1.15%, up from under 1%, now holding 7,11,66,780 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 second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.