Coal India Limited (CIL), a holding company, was set up on 1st November, 1975 to streamline the working of the coal industry in a manner conducive to more efficient administration and rapid stepping up of coal production. The company has under it seven producing subsidiaries and one planning and design subsidiary. The coal mines in the north eastern region are directly managed by the holding company. Dankuni Coal Complex, a coal carbonisation plant in West Bengal, is also directly under the holding company. The subsidiary companies, with their powers defined in their respective Articles of Association, are responsible for all operational matters. The holding company, CIL, is primarily responsible for establishing corporate objectives and strategies for their achievements, for setting up of targets, monitoring of performance, marketing, raising resources and laying down broad guidelines in important policy matters like marketing, procurement, environmental management, inventory control, etc.
The authorised capital of Coal India Limited as on 31.3.2000 was Rs.8000 crores and paid up capital is Rs.6316.36 crores. Be sides, loan of Rs.904.18 crores had been converted into 10% redeemable preference shares. Government of India makes investments in Coal India Limited either by way of loans or equity. The equity and loan capital of the Company in turn is invested into equity or loan in the wholly owned subsidiary companies of CIL.
To emerge from the position of domestic leader to leading global player in the energy sector by adopting best practices from mine to market with due care to environmental and social sustenance.
Produce the planned quantity of coal efficiently and economically with due regard to safety, conservation & quality.
India’s Energy Scenario & Coal
India is currently among the top three fastest growing economies of the world. As a natural corollary India's energy needs too are fast expanding with its increased industrialization and capacity addition in Power generation. This is where 'Coal' steps in. In India coal is the critical input for major infrastructure industries like Power, Steel and Cement. * Coal is the most dominant energy source in India's energy scenario.
* Coal meets around 52% of primary commercial energy needs in India against 29% the world over.
* Around 66% of India's power generation is coal based.
* India is the 3rd largest coal producing country in the world after China and USA.
COAL INDIA LTD. AT A GLANCE
Coal India Limited (CIL) as an organized state owned coal mining corporate came into being in November 1975 with the government taking over private coal mines. With a modest production of 79 Million Tonnes (MTs) at the year of its inception CIL today is the single largest coal producer in the world. Operating through 81 mining areas CIL is an apex body with 7 wholly owned coal producing subsidiaries and 1 mine planning and consultancy company spread over 8 provincial states of India. CIL also fully owns a mining company in Mozambique christened as 'Coal India Africana Limitada'. CIL also manages 200 other establishments like workshops, hospitals etc. Further, it also owns 26 technical & management training institutes and 102 Vocational Training Institutes Centres. Indian Institute of Coal Management (IICM) as a state-of-the-art Management Training 'Centre of Excellence' - the largest Corporate Training Institute in India - operates under CIL and conducts multi disciplinary management development programmes.
CIL having fulfilled the financial and other prerequisites was granted the Maharatna recognition in April 2011. It is a privileged status conferred by Government of India to select state owned enterprises in order to empower them to expand their operations and emerge as global giants. So far, the select club has only five members out of 217 Central Public...