The most interesting data is out....
Finally the competition between the two natural resources giants, State-owned Coal India Ltd. (CIL), Wednesday overtook Mukesh Ambani's Reliance Industries Ltd. (RIL) and became the largest listed entity in terms of Market Capitalization. (Market cap is obtained by multiplying the current share price and the number of shares the company issued.)
The graphical representation of market cap of 10 major companies is given below (On 18/08/2011- Thursday in Rs Cr.)
Until recently CIL was neck-and-neck with ONGC, another government controlled company in the field of oil and natural resources, for the second spot.
It displayed ONGC for the first time from second position in May 2011.
CIL gained 64 percent or added about Rs.96, 000 crore to its market cap since its public issue in November 2010. Its issue price was Rs.245. During the same time RIL lost about 29 percent value.
But the most interesting fact is that BSE PSU index, which includes CIL, lost 23 percent during the period since November 2010 despite Coal India providing 62 percent returns.
Coal India reported consolidated net sales of Rs.59,560 crore and net profit of Rs.10,867 crore for the year ended March 2011. RIL, on the other hand reported Rs.2,76,371 crore of revenues and Rs.19,271 crore net profit.
Fall in natural gas output cited as the main reason for RIL's slip from top.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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