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Thursday, April 05, 2007

Coal India public offer likely in FY08

Coal India is likely to enter capital markets with a public offer in FY08.

CIL has an equity base of Rs 6,316 crore. It is the holding company of seven coal producing companies.

They are: Northern Coalfields, South Eastern Coalfields, Western Coalfields, Mahanadi Coalfields, Eastern Coalfields, Bharat Coking Coal and Central Coalfields.

CIL is also the holding company of Coal Mining and Development Planning Institution, the R&D arm.

According to the plans, CIL is likely to go public and not its subsidiaries.

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