Coal India Limited (CIL) is an Indian state-controlled coal mining company headquartered in Kolkata, West Bengal, India and the largest coal-producing company in the world and a Maharatna company. The company contributes around 82% of India’s coal production. It produced 554.14 million tonnes of raw coal in 201617, an increase from its previous year’s production of 494.24 million tonnes of raw coal. CIL went public in 2010. Government of India owned CIL and its subsidiaries.
CIL is the largest coal producer in the world. It produced 554.14 million tonnes (MT) of raw coal in 201617, an 8.9% increase from its previous year’s production of 494.24 MT. CIL’s operating profit was ?17,783 crore (US$2.6 billion) in 201617.
CIL’s subsidiary companies are:
* Bharat Coking Coal Limited (BCCL)
* Central Coalfields Limited (CCL)
* Eastern Coalfields Limited (ECL)
* Northern Coalfields Limited (NCL)
* South Eastern Coalfields Limited (SECL)
* Western Coalfields Limited (WCL)
CIL has two wholly owned subsidiaries:
* Mahanadi Coalfields Limited (MCL)
* Neyveli Lignite Corporation Limited (NLC)
CIL also has two mines in Mozambique:
* Benga mine
* Tete East mine
CIL plans to invest ?600 billion (US$8.9 billion) in the next five years to increase its coal production.
CIL’s employee strength was 3,19,475 as on 31 March 2017.
CIL’s business strategy is to:
* Achieve production target of one billion tonnes of coal by 2020
* Improve coal quality
* Expand its geographical reach
* Increase customer satisfaction
* Improve safety and health of employees
CIL’s shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India.
Website: https://coalindia.in/