India's state-run, Coal India Ltd (CIL) is expected to join the elite club of firms with a turnover of Rs 100,000-crore during this fiscal year, according to chairman Narsing Rao.

"We achieved a turnover of Rs 88,281 crore during 2012-13 and hope to achieve a 12-13% growth. I am confident we will easily cross the Rs 100,000-crore turnover during 2013-14," Rao said.

Data shows that there are about eight companies in the country with a turnover of Rs 100,000 crore of higher. These include  Indian Oil Corporation, Reliance Industries, Bharat Petroleum, Hindustan Petroleum, Tata Motors, State Bank of India, ONGC and Tata Steel. In terms of net profit, CIL is the fourth largest firm in the country after ONGC, RIL and SBI. CIL had registered a net profit of Rs 17,356 crore during 2012-13 financial year.

CIL is expected to produce 482 million tonnes of coal this year and sell around 492 million tonnes this year and with the price rising about 4.7 pre cent during previous month, the company is expected to cross Rs 100,000-crore turnover mark this year. The company pays large amounts of the states where it operates. It has paid more than Rs 30,000 crore to the exchequer for the second year in a row.

CIL paid Rs35,800 crore in the form of royalty and cess on coal, several other taxes and duties, corporate tax, and dividend and dividend tax to the union government as well as eight coal-producing states in the country during 2012-13 financial year. The company had paid Rs 30,000 crore during the previous financial year. This has made CIL one of the largest contributors to the government exchequer.