Coal mining in India had majority been a private sector enterprise. This changed in September 1956 when the Government of India set up its own coal company National Coal Development Corporation (NCDC). Collieries run by the Railways formed the nucleus of NCDC. This was to complete the fast-growing energy requirements in India to support rapid industrialization taking place through 5-year Plans of the Government. In the same year, Singareni Colliery Company, which was working in Andhra Pradesh since 1920, was also brought under government control when the Central Government and Andhra Pradesh Government acquired its 45% and 55% shares respectively.
Coal India Limited (CIL) is an Indian state-controlled coal mining company headquartered in Kolkata, West Bengal, India and the biggest coal-producing company in the world and a maharatna company.
The company provides to around 82% of the coal production in India. It produced 554.14 million tonnes of raw coal in 2016-17, an increase from its prior production of 494.24 million tonnes of coal in FY2014–15 and earned a revenue of ₹95,435 crore (US$13 billion) from the sale of coal in the same financial year. As on 14 October 2015, Union Government of India owns CIL and controls the operations of CIL by Ministry of Coal. In April 2011, CIL was conferred the Maharatna status by the Union Government of India, generating it one of the seven maharatans. As on 14 October 2015, its market capitalization was ₹2.11 lakh crore (US$29 billion) making it India’s 8th most valuable company by market value.
CIL is the biggest coal producing company in the world. It generates 536.51 MT (million tonnes) coal during FY2015-16. Coal India operates by 81 mining areas in eight states in India. As on 1 April 2015, it has 430 coal mines out of which 175 are open cast, 227 are underground and 28 are mixed mines. Production from open cast mines during 2014-15 was 92.91% of total production of 494.24 MT. Underground mines generate to 7.09% of production. CIL further operates 15 coal washeries, out of which 12 are for coking coal and 3 are for non-coking coal with 23.30 MTY and 13.50 MTY capacities respectively. It also manages 200 other establishments like workshops, hospitals, training institutes, mine-rescue establishments, etc.
Awards and recognitions
- Coal India Limited (CIL) was awarded with two Corporate Social Responsibility Awards on 18 February 2013: ‘Global CSR Excellence and Leadership Award’ for Best Corporate Social Responsibility Practices and ‘Blue Dart Most Caring Companies of India Award’.
- For 2012, CIL gained a ranking of 48 on overall global performance in the ‘Platts Top 250 Global Energy Company Rankings’.
- CIL competes on the Forbes Global 2000 rankings for 2012 at position 377. Coal India on the Forbes Global 2000 List Forbes 31 May 2013 19 October 2013
- In December 2012, it was positioned as the 9th on the Fortune India 500 list. IOC retains top slot in Fortune 500 India list as of in The Hindu 15 December 2012 19 October 2013
- CIL was awarded with “Company of the Year Award” in a function organized by Indian Chamber of Commerce and Department of Public Enterprises (DPE) in September 2011 at 2nd Summit on ‘India Public Sector Agenda @2020’ at New Delhi.
- Many Of Its employees are awarded With a job In lieu of land. The one being the largest Penganga Opencast Of WCL, New Majri UG To OC, Makardhokra etc.
- Currently one of its employees named “Shardaprasad Prajapati (NEIS-54262)” has been conferred with the “Youngest” Employee to be given a job in lieu of land acquired in Majri Area Of Western Coalfields Limited.