Coal India Considering Listing On London Stock Exchange
World's largest coal miner Coal India Ltd. is considering getting listed on the London Stock Exchange.
The proposal is at a very nascent stage, a person privy to the development said, refusing to divulge further details. The development comes ahead of the listing of NTPC's masala bonds at London Stock Exchange (LSE) and Singapore Stock Exchange this month.
Coal India's shares were listed on the BSE in 2010.
The public sector unit is looking at spending Rs 8,500 crore on capital expenditure in the ongoing fiscal and has taken various measures for full utilisation of capex during 2017-18 financial year.
It accounts for over 80 percent of the domestic coal production and is eyeing 1 billion tonnes of production by 2020.
The company produced 38.44 million tonnes (MT) of coal in April, falling short of the target of 43.58 MT. Its offtake was 45.29 MT against the target of 49.51 MT.
The company had missed the annual production target by 44.48 MT against a target of 598.61 MT and its offtake target by 55.45 MT for 2016-17
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