Share
 
Comments

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, today approved the disinvestment of 10 percent paid-up equity capital in Coal India Ltd. (CIL) out of the Government of India’s shareholding of 89.65 percent.

The decision to disinvest would help the Government to realize an optimum price for the offer for sale of 10 percent of the Government’s shareholding in the company.

Background:

CIL is a Public Sector Enterprise under the administrative control of the Ministry of Coal. Its objective is to produce and market the planned quantity of coal and coal products efficiently and economically, with due regard to conservation of resources, and safety and quality of life of the workforce.

The authorized capital of the CIL is Rs. 8904.18 crore (Rs. 904.18 crore of non-cumulative 10 percent redeemable preference shares plus Rs. 8000 crore of equity shares) of which the issued and subscribed equity capital as on 31.03.2014 is Rs 6316.36 crore. The President of India holds 89.65 percent of the paid up capital in CIL. In accordance with the Government of India's disinvestment policy, the Government has decided to disinvestment 10 percent equity of CIL out of its holding of 89.65 percent as per the Securities and Exchange Board of India (SEBI) Rules and Regulations. After this disinvestment, the Government of India's holding in the company would come down to 79.65 percent.

ভারতকী ওলিম্পিয়নশিংবু পুক্নিং থৌগৎসি! #Cheers4India
Modi Govt's #7YearsOfSeva
Explore More
It is now time to leave the 'Chalta Hai' attitude & think of 'Badal Sakta Hai': PM Modi

Popular Speeches

It is now time to leave the 'Chalta Hai' attitude & think of 'Badal Sakta Hai': PM Modi
India's Remdesivir production capacity increased to 122.49 lakh vials per month in June: Government

Media Coverage

India's Remdesivir production capacity increased to 122.49 lakh vials per month in June: Government
...

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
Women’s Hockey team played with grit and showcased great skill: PM
August 04, 2021
Share
 
Comments

The Prime Minister, Shri Narendra Modi has said that today and through the Games, our Women’s Hockey team played with grit and showcased great skill at Tokyo Olympics 2020. He also said that he is proud of the team and wished the team Best of luck for the game ahead and for future endeavours.

In a tweet, the Prime Minister said;

"One of the things we will remember #Tokyo2020 for is the stupendous performance by our Hockey teams. 

Today and through the Games, our Women’s Hockey team played with grit and showcased great skill. Proud of the team. Best of luck for the game ahead and for future endeavours."