Coal India overtakes ONGC to become the most valuable PSU of India. The Market Cap of CIL (Rs 2.5 Lakh Crore) has crossed the Market Cap of ONGC (Rs 2.4 Lakh Crore) and is behind the Reliance (Rs. 3.03 Lakh Crore) by few thousand crores only.
Coal India has acheived this position within just 6 months of listing. It came out with an IPO in October 2010 at a price of Rs 245 per share. The current Market price of CIL as on 17th May 2011 is Rs. 398 and has hit fresh 52 Week high today.
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