Companies

Coal India beats ONGC to become most valuable PSU

PTI Kolkata | Updated on November 12, 2017




Coal India today overtakes ONGC in becoming the most valuable PSU of the country in terms of market capitalisation (M-cap).

The M-cap of CIL was Rs 2.5 lakh crore after it touched a 52-week high of Rs 397.60 gaining Rs 8.70 a share at close.

While the market cap of ONGC slipped to Rs 2.37 lakh crore after the stock suffered a Rs 19.55 loss in the bourse on account of subsidy sharing burden of 8 per cent.

Coal India achieved the position within six months after listing. It came out with an IPO in October 2010 at a price of Rs 245 per share.

Published on May 17, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

null
This article is closed for comments.
Please Email the Editor

You May Also Like