Coal India Limited (CIL)
Coal India originally incorporated as a private limited company with the name of ‘Coal Mines Authority Limited’, under the Companies Act, 1956, as amended (“Companies Act”) on June 14, 1973, pursuant to a shareholder’s resolution dated October 15, 1975 and approval of the Ministry of Law, Justice and Company Affairs dated October 21, 1975, got its name changed to ‘Coal India Limited.’ It received a fresh certificate of incorporation consequent upon change of name dated October 21, 1975 from the Registrar of Companies, West Bengal (“RoC”).
In addition, another wholly owned Subsidiary, CMPDIL, carries out exploration activities for its subsidiaries and provides technical and consultancy services for its operations as well as to third–party clients for coal exploration, mining, processing and related activities.
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 Limited at a glance
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 Sector Enterprises in the country.
Corporate Structure and Subsidiary Companies
The company has nine direct Subsidiaries and two indirect Subsidiaries. They are as follows:–
Eastern Coalfields Limited (ECL), Sanctoria, West Bengal
Bharat Coking Coal Limited (BCCL), Dhanbad, Jharkhand
Central Coalfields Limited (CCL), Ranchi, Jharkhand
South Eastern Coalfields Limited (SECL), Bilaspur, Chattisgarh
Western Coalfields Limited (WCL), Nagpur, Maharashtra
Northern Coalfields Limited (NCL), Singrauli, Madhya Pradesh
Mahanadi Coalfields Limtied (MCL), Sambalpur, Orissa
Coal India Africana Limitada, Mozambique
The consultancy company is Central Mine Planning and Design Institute Limited (CMPDIL), Ranchi, Jharkhand.
The following are its indirect Subsidiaries, which are held through its Subsidiary, Mahanadi Coalfields Limited:
- MJSJ Coal Limited
- MNH Shakti Limited
Production and Growth
Produces over 400 Million Tonnes of Coal annually. Coal production ending Financial Year 2011 was 431.32 Million Tonnes (MTs). CIL’s dynamic production momentum is evident in the fact that in recent years, CIL leaped from 300 MTs mark achieved in 2003-04 to 400 MTs (2008-09) in a time span of 5 years. It took CIL 12 years to cross the 300 MTs production mark from that of 200 MTs achieved in 1991-92. CIL Is targeted to produce 452 MTs FY ending 2012.