President of India, acting through the Ministry of Coal, Government of India
Promoter
The move
The President of India, acting through the Ministry of Coal, Government of India, sold 123,279,566 shares of Coal India Limited for ₹5708.46 Cr at ₹463.05 apiece, reducing its stake from 63.13% to 61.13%. This was an offer for sale.
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.
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