Coal India signs MoU with Konkan Railway Corporation
Coal India Ltd (CIL), the world's largest coal producer, has signed a non-binding Memorandum of Understanding (MoU) with Konkan Railway Corporation Limited. The agreement intends to develop rail infrastructure for CIL and its subsidiaries. CIL, with a market cap of over ₹2 lakh crore, has also been maintaining a healthy dividend payout of 32%.