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 (c) is an Indian state-owned coal company headquartered
in Kolkata, West Bengal, India and the world's largest coal miner with revenue
exceeding Rs 45,797 Cr or $10.3 billion U.S. (FY2008-09). It is owned entirely by
the Union Government of India, under the administrative control of the Ministry of
Coal. It is involved in coal mining and production industry.
In 2010, CIL's IPO got subscribed 15.28 times, collecting a record over Rs
2,40,000 crore (Rs 2,400 billion). This is highest IPO subscription so far

The company will enter the primary market Monday to raise Rs 15,000 via the IPO
by offering 63.20 crore shares of face value Rs 10 each in the price band of Rs
225-245 per share.

³The demand for coal is expected to increase at 11.2% in coming four years on the
back of thermal power plants being set up in the country. CIL has a dominant
position in the Indian coal industry; it caters to 53% of India¶s coal requirement.
CIL enjoys low cost competitive advantage as compared to its peers since most of
its mines are open cast mines and have low stripping ratios.

Along with strong cash generation and low cost advantage and strong financials,
the company is all set to tap the growing demand for coal. On the back of strong
fundamentals and healthy growth prospects recommend a SUBSCRIBE for the
IPO,´ the report said.

CIL was incorporated in 1973 and is wholly owned by the Government of India. It
is the world¶s largest coal company by production as well as reserves, having total
coal production of 431.26 million tons per annum (as of 1 April 2010) and reserves
of 18.86 billion tonnes.

The objective of the issue is to divest 10% of GoI Equity shares of CIL.