Coal India Limited
Encyclopedia
Coal India Limited is an Indian state-controlled
coal company headquartered in Kolkata
, West Bengal
, India
and the world's largest coal miner with revenue exceeding 60,245 Crore (FY2010-11). It was formerly owned entirely by the Union Government of India
, under the administrative control of the Ministry of Coal. It is involved in coal mining
and production industry. In April 2011, CIL was conferred the Maharatna status by the Union Government of India
In 2010, CIL's initial public offering
(IPO) got subscribed 15.28 times, collecting a record over Rs 2,40,000 crore (Rs 2,400 billion) – the highest IPO subscription so far. On the first day of its listing on the Sensex, its stock closed 40% higher than IPO price.
with five subsidiaries
:
In 1985 two more subsidiaries were added:
In 1992 one more subsidiary added:
One International Subsidiary
Two indirect subsidiaries (held through our subsidiary, Mahanadi Coalfields Limited)
The Indian Institute of Coal Management (IICM) at Ranchi operates under Coal India Limited and imparts multi disciplinary management development programs executives.
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CIL contributes around 85% of coal production in India. It is the largest company in the world in terms of coal production. It
employs nearly 397,000 person and is the largest corporate employer in the country. It is one of the largest companies in the country, with turnover being around Rs. 386.31 billion in 2007-08. It is one of the largest tax payer (Corporate Tax ) in 2007-08 and has paid Dividend of to the Govt. of India in 2007-08.
Government-owned corporation
A government-owned corporation, state-owned company, state-owned entity, state enterprise, publicly owned corporation, government business enterprise, or parastatal is a legal entity created by a government to undertake commercial activities on behalf of an owner government...
coal company headquartered in Kolkata
Kolkata
Kolkata , formerly known as Calcutta, is the capital of the Indian state of West Bengal. Located on the east bank of the Hooghly River, it was the commercial capital of East India...
, West Bengal
West Bengal
West Bengal is a state in the eastern region of India and is the nation's fourth-most populous. It is also the seventh-most populous sub-national entity in the world, with over 91 million inhabitants. A major agricultural producer, West Bengal is the sixth-largest contributor to India's GDP...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
and the world's largest coal miner with revenue exceeding 60,245 Crore (FY2010-11). It was formerly owned entirely by the Union Government of India
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
, under the administrative control of the Ministry of Coal. It is involved in coal mining
Coal mining
The goal of coal mining is to obtain coal from the ground. Coal is valued for its energy content, and since the 1880s has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from iron ore and for cement production. In the United States,...
and production industry. In April 2011, CIL was conferred the Maharatna status by the Union Government of India
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
In 2010, CIL's initial public offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
(IPO) got subscribed 15.28 times, collecting a record over Rs 2,40,000 crore (Rs 2,400 billion) – the highest IPO subscription so far. On the first day of its listing on the Sensex, its stock closed 40% higher than IPO price.
History
Coal India Limited was formed in 1973 as Coal Mines Authority Limited. In 1975 it was changed to Coal India Limited as a holding companyHolding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
with five subsidiaries
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
:
- Bharat Coking Coal LimitedBharat Coking CoalBharat Coking Coal Limited is a subsidiary of Coal India Limited with its headquarters in Dhanbad. It was incorporated in January, 1972 to operate coking coal mines operating in the Jharia & Raniganj Coalfields, taken over by the Govt...
(BCCL)(Dhanbad, Jharkhand) - Central Coalfields LimitedCentral Coalfields LimitedCentral Coalfields Limited is a subsidiary of Coal India Limited , an undertaking of the Government of India. CCL manages the nationalized coal mines of the Coal Mines Authority, Central division...
(CCL)(Ranchi, Jharkhand) - Western Coalfields LimitedWestern Coalfields LimitedWestern Coalfields Limited is one of the largest coal producing company of India. It is one of the eight fully owned subsidiaries of Coal India Limited. The company came in to existence in 1975 after nationalization of coal mines in India. It inherited all the private sector coal mines of the...
(WCL)(Nagpur region) - Eastern Coalfields LimitedEastern Coalfields LimitedEastern Coalfields Limited is one of the largest coal producing company of India. The company came in to existence in 1975 after nationalization of coal mines in India. It inherited all the private sector coal mines of Raniganj Coalfields. It is one of the eight fully owned subsidiaries of Coal...
(ECL)(Sanctoria, Asansol, West Bengal) - Central Mine Planning and Design Institute LimitedCentral Mine Planning and Design Institute LimitedCentral Mine Planning and Design Institute Limited is one of the eight subsidiary of Coal India Limited with its headquarter at Ranchi.CMPDIL came into existence in 1975 after nationalization of coal mines and as the name suggests became planning and design subsidiary of CIL...
(CMPDIL)(Ranchi, Jharkhand)
In 1985 two more subsidiaries were added:
- South Eastern Coalfields LimitedSouth Eastern Coalfields LimitedSouth Eastern Coalfields Limited is the largest coal producing company of India. It is one of the eight fully owned subsidiaries of Coal India Limited. The company has its head office at Bilaspur and mines spread over Chhattisgarh & Madhya Pradesh. It has total 92 Mines. Total Underground Mines...
(SECL)(Bilaspur) - Northern Coalfields Limited, Singrauli (NCL,Singrauli)
In 1992 one more subsidiary added:
- Mahanadi Coalfields LimitedMahanadi Coalfields LimitedMahanadi Coalfields Limited is one of the major coal producing company of India. It is one of the eight subsidiaries of Coal India Limited. Mahanadi Coalfields Limited was carved out of South Eastern Coalfields Limited in 1992 with its headquarter at Sambalpur...
(MCL) (Sambalpur)
One International Subsidiary
- Coal India Africana Limitada (CIAL) (Mozambique)
Two indirect subsidiaries (held through our subsidiary, Mahanadi Coalfields Limited)
- MJSJ Coal Limited
- MNH Shakti Limited
The Indian Institute of Coal Management (IICM) at Ranchi operates under Coal India Limited and imparts multi disciplinary management development programs executives.
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Reviving of abandoned mines
Coal India Ltd (CIL), will extract coal from 18 abandoned underground mines owned by three of its subsidiaries in partnership with private players. Underground mining would be revived in 6 abandoned mines of Eastern Coalfields, 8 mines of Bharat Coking Coal, and 4 mines of Central Coalfields. These 18 mines have an approximate reserve of 1.647 billion tonnes of coal.CIL contributes around 85% of coal production in India. It is the largest company in the world in terms of coal production. It
employs nearly 397,000 person and is the largest corporate employer in the country. It is one of the largest companies in the country, with turnover being around Rs. 386.31 billion in 2007-08. It is one of the largest tax payer (Corporate Tax ) in 2007-08 and has paid Dividend of to the Govt. of India in 2007-08.