The central government has received Rs 1,223crore from Coal India as part of the dividend payments by government undertakings, the Department of Investment and Public Asset Management (DIPAM) said. “The government has received about Rs 1,223 crore from Coal India as dividend tranche,” secretary at DIPAM said in a tweet on Thursday.

The central government holds a 66.13 per cent stake in the public sector miner according to a stock exchange disclosure. The total dividend payout for Coal India in 2021-22 is Rs10,476.64 crore. The dividend payout during the fiscal was higher compared with Rs 9,860.40 crore in 2020-21 and Rs 7,395.27 crore in2019-20 according to Coal India’s annual financial records. The dividend payout ratio(dividend per share/earnings per share) was at 60.35 percent.

Coal India’s market capitalisation in FY2022 was Rs1.12 lakh crore, up from Rs80,331.16 crore in FY2021. Production milestone Coal India in a statement saidits production during the ongoing fiscal has seen an absolute growth of 44.6 million tonnes as of September 4, eclipsing the previous best of44.5mt registered in FY2016.

“What makes the achievement stand out is that CIL accomplished the absolute growth in only a span of 5months and 4 days of the current fiscal whereas the earlier high of 44.5mt was for a full fiscal,” a senior executive of CIL said.

Coal India has a production target of 700mt in 2022-23. Already the public sector miner has produced over 259million tonnes and barring heavy seasonal deluge, the miner hopes to reach its six month target of 306mt for the first half of the financial year