11/11/2023 0 Comments Monopoly industry examplesThe now Indian Tobacco Company Limited was established in 1910 as Imperial Tobacco Company of India Limited. It is a publicly listed company with NSE and BSE since October 2017. IEX is approved and regulated by the Central Electricity Regulatory Commission and has been operating since 27 June 2008. India's premier energy marketplace provides a nationwide automated trading platform for the physical delivery of electricity, renewables, and certificates. IEX is the only electricity trading exchange in India. Currently, 63.17% of the ownership lies with the Government of India, and the rest of the stock is publicly traded on NSE and BSE. BHEL is engaged in the design, manufacturing, engineering, construction, testing, commissioning and servicing of a wide range of products and services for the crucial sectors of the economy like transmission, power, oil and gas, renewable energy, transportation and defence. It is India's largest power generation equipment manufacturer. 4. BHELīharat Heavy Electricals Limited is a government-owned engineering and manufacturing company. It is one of the largest aerospace companies in Asia, and the government owns around 72% of the total stake. Incorporated as Hindustan Aircraft Limited, Hindustan Aeronautics Limited has been operating in the industry for more than 81 years. Headquartered in Bangalore, India, Hindustan Aeronautics Limited (HAL) is a government-owned aerospace and defence company. The government recently announced that it has plans of privatisation of this sector in a phased manner. IRCTC enjoys the power of Monopoly as it is the only organisation that operates Indian Railways. Though it was initially established as an organisation wholly owned by the government, it currently has its stock traded on the NSE. Indian Railway Catering and Tourism Corporation (IRCTC) provides ticketing, catering, and tourism services to the Indian Railways. Currently, the government's shareholding stands at 66.13%. It produces coal through 7 of its subsidiaries. It is the world's largest coal-producing company. Having a market share of 85%, Coal India Limited is a public sector undertaking involved in the business of coal mining and refining. You can check real-time share prices, market cap, EPS, P/E ratio, P/B ratio, corporate actions and so much more, all in one place - in Ticker by Finology! 1. Coal India Limited Today we will look into the top 10 companies in India that have managed to acquire the monopoly position in their respective industries. Companies enjoying monopoly status in India The "monopolist" also becomes the trendsetter and price leader, which are followed by the other players. A business is said to have a monopoly position in the industry if it has captured the majority of the market share and can influence the business decisions of other players in that industry. So the meaning of "monopoly" is slightly tweaked. But in most industries, players attempt to enter the market and try their luck. It could be technological hindrances, difficulty in procuring inputs, political and legal restrictions, etc.īut in the real world, is it possible to have just one company in an entire industry? For a few sectors like railways, there are drawbacks that restrain other players from entering the industry. This type of market usually has no competitors. Theoretically, Monopoly is a type of market structure wherein a single business operates in an industry selling a unique product or service that cannot be easily replicated. But others are functional and practicable. There are various types of market structures that are operational in the economy like monopoly, monopolistic, oligopoly and perfect markets. Few of these are merely theoretical in nature.
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