CIL meaning in Business ?

Answer:

What is Coal India Ltd mean?

Coal India Limited (CIL) is an Indian government-owned coal mining and refining corporation. It is under the ownership of Ministry of Coal, Government of India headquartered in Kolkata, West Bengal, India. It is the largest coal-producing company in the world and a Maharatna public sector undertaking. It is also the fifth largest employer in India with nearly 272,000 employees.

The company contributes around 82% to the total coal production in India. It produced 554.14 million tonnes of raw coal in 2016–17, an increase from its earlier production of 494.24 million tonnes of coal during FY 2014–15 and earned revenues of ₹95,435 crore (US$13 billion) from sale of coal in the same financial year. In April 2011, CIL was conferred the Maharatna status by the Union Government of India, making it one of the seven with that status. As of 14 October 2015, CIL is owned primarily by the Union Government of India which controls its operations through the Ministry of Coal. As of 14 October 2015, CIL's market capitalisation stood at ₹2.11 lakh crore (US$28 billion) making it India's 8th most valuable company.

CIL ranks 8th among the top 20 firms responsible for a third of all global carbon emissions.

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