Coal India Limited (CIL)

By 12/17/2019 Articles

Detailed description: Coal India Limited - Coal Mining Company

Post ID: 431


Coal India Limited (CIL) is an Indian state-owned coal mining and refinery company headquartered in Kolkata, West Bengal, India and the largest coal-producing company in the world and a Maharatna company.

The company contributes 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 earlier production of 494.24 million tonnes of coal during FY2014–15 and earned a revenue of ₹95,435 crore (US$14 billion) from 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 through Ministry of Coal. In April 2011, CIL was conferred the Maharatna status by the Union Government of India, making it one of the seven maharatnas. As on 14 October 2015, its market capitalisation was ₹2.11 lakh crore (US$31 billion) making it India’s 8th most valuable company by market value.
CIL ranks 8th among the top 20 firms behind a third of all global carbon emissions.

Coal mining in India had primarily been a private sector enterprise. This changed in September 1956 when the Government of India established its own coal company National Coal Development Corporation (NCDC). Collieries run by the Railways formed the nucleus of NCDC. This was to fulfill the fast growing energy requirements in the country to support rapid industrialization taking place through 5-year Plans of the Government. In the same year, Singareni Colliery Company, which was operating 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. Continue reading about Coal India Ltd.

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Aditional Keywords forCoal India Limited - Coal Mining Company: Coal India, Mining company,