Coal India, a rank newcomer in the elite list of 30 companies that constitutes the sensex on 17 August 2011 replaced Reliance Industries Ltd as the most valued Indian company.
The nearly four-decade-old Kolkata-headquartered Coal India currently boasts of a market capitalization of Rs 2.5 lakh crore, or $55.3 billion, compared to RIL's Rs 2.47 lakh crore. ONGC is third with a market value of Rs 2.37 lakh crore.
Listed on the eve of Diwali in 2010 following a blockbuster IPO that was oversubscribed over 15 times, the stock price of Coal India, the world's largest coal miner gained about 62%, compared to a 31% fall in RIL over the same period.
RIL had toppled ONGC over four years ago to become the country's most valued firm, and has now been overtaken by another public sector major.
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Listed on the eve of Diwali in 2010 following a blockbuster IPO that was oversubscribed over 15 times, the stock price of Coal India, the world's largest coal miner gained about 62%, compared to a 31% fall in RIL over the same period.
RIL had toppled ONGC over four years ago to become the country's most valued firm, and has now been overtaken by another public sector major.
Content From: The Red Dice August Issue- Click here to read online
The Red Dice: SUBSCRIBE FOR FREE & YOU CAN WIN A HYUNDAI i 20: Offer Limited- It is totally free!
45k Subscriber
www.thereddice.com
Draw on 1st Jan 2012