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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 India Limited at a glance
- 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 (CIL) as an organized state owned coal mining corporate came into being in November 1975 with the government taking over private coal mines. With a modest production of 79 Million Tonnes (MTs) at the year of its inception CIL today is the single largest coal producer in the world
. Operating through 81 mining areas CIL is an apex body with 7 wholly owned coal producing subsidiaries and 1 mine planning and consultancy company spread over 8 provincial states of India. CIL also fully owns a mining company in Mozambique christened as 'Coal India Africana Limitada'. CIL also manages 200 other establishments like workshops, hospitals etc. Further, it also owns 26 technical & management training institutes and 102 Vocational Training Institutes Centres. Indian Institute of Coal Management (IICM) as a state-of-the-art Management Training 'Centre of Excellence' - the largest Corporate Training Institute in India - operates under CIL and conducts multi disciplinary management development programmes.
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.
Unmatched Strategic Relevance
- Produces around 81.1% of India's overall coal production
- In India where approximately 52% of primary commercial energy is coal dependent, CIL alone meets to the tune of 40% of primary commercial energy requirement
- Commands nearly 74% of the Indian coal market
- Feeds 82 out of 86 coal based thermal power plants in India
- Accounts for 76% of total thermal power generating capacity of the Utility sector
- Supplies coal at prices discounted to international prices
- Insulates Indian coal consumers against price volatility
- Makes the end user industry globally competitive
Thus, plays a key role in "India Growth Story" and making India incorporate globally competitive.
Mission of Coal India Limited
The Mission of Coal India Limited is to Produce planned quantity of coal Efficiently and Economically in an Eco-friendly manner with due regard to Safety, Conservation & Quality.
Corporate Structure and Subsidiary Companies
Coal India is a holding company with seven wholly owned coal producing subsidiary companies and one mine planning & consultancy company. It encompasses the whole gamut of identification of coal reserves, detailed exploration followed by design and implementation and optimizing operations for coal extraction in its mines. The producing companies are:
- 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.
North Eastern Coalfields (NEC) a small coal producing unit operating in Margherita, Assam is under direct operational control of CIL.
Coal India's major consumers are Power and Steel sectors. Others include Cement, Fertiliser, Brick Kilns, and small scale industries.
For previous three consecutive years CIL has bagged 'Excellent' rating in its Memorandum of Understanding (MoU) - a negotiated contract between Government and CIL Management - for performance evaluation on key physical and financial parameters.
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.
Two of the subsidiary companies of CIL South Eastern Coalfields Limited and Mahanadi Coalfields Limited are in the elite club of 100 MTs coal producing companies which number only a few worldwide.
Acquiring assets abroad
It is becoming increasingly evident that domestic coal demand is far outstripping the indigenous production in India. The gap between demand and supply is ever expanding. Especially so in the wake of increased capacity addition in power sector which predominantly coal dependent.
In spite of best efforts, realistically CIL would not be able to satiate growing coal demand. Letters of Assurance (LoA) issued so far are already in excess of CIL's production. Present analysis indicate that there would be a shortage of 350 MTs of coal by 2016-17. To meet this need coal import is inevitable.
CIL has taken it upon itself, in the interest of meeting the country's energy requirement, and is foraying into foreign shores for acquisition of coal properties. For the purpose CIL has adopted a three pronged approach. Acquisition of coal properties directly on its own; through equity participation with coal mining companies abroad and through long term coal off-take contracts.
Employee Welfare& CSR
- Introduced e-auction for selling coal to any consumer from any location in a transparent manner.
- Introduced Integrity Pact in High Value Procurement.
- e- procurement introduced for speeding up purchase of vital inputs
- Pursues a structured CSR policy around coal mining areas to improve quality of life with community consensus and inclusive participation
- Mobile Dispensaries and wellness clinics introduced on a large scale.
- Tele-medicine facilities introduced in central hospitals.
- Provides medical services to employees, their families and local populace through 86 fully equipped hospitals having 5835 beds.
- Employs 1524 specialist Doctors.
- Runs 423 dispensaries and has 640 Ambulances.
- Provides potable water to about 2.3 million populace in remote corners of CIL's areas of operation
- Supports 536 schools under different categories - Project Schools (55); Privately managed Schools with grant packages (284); Private Committee Managed Educational Institutes (72) and other schools where occasional grants are given (125).
- Introduced 'Coal India Scholarships' for 100 Below Poverty Line students plus 25 wards of land losers in government engineering and medical colleges. Scholarship covers education, hostel and mess charges
- Meets the entire cost of wards of workmen securing admission in government engineering and medical colleges
- Committed to generate employment opportunities for people in mining areas by providing vocational training.
- The company Pursues 'Mining with a human face' through socially sustainable inclusive model of growth by making Project Affected People stakeholders in the decision making process for their livelihood.
- Medical facilities extended to nearby communities in fully equipped company hospitals.
- Mobile dispensaries and Tele-medicine facilities meant for employees also extended to nearby village populace.
(Figures are as of April 2011)
Care for Environment
One of the inherent tendencies of coal mining is degradation of the land and environment. CIL constantly addresses the impact of mining activities across environmental and social issues. Eco-friendly mining systems have been put in place in all of its mining areas. To make environmental mitigation measures more transparent, CIL introduced state-of-the-art Satellite Surveillance to monitor land reclamation and restoration for all opencast projects.
Coal India has made afforestation over an area of around 32,000 Hectares while the total forest area degraded due to mining operation is around 12,800 Hectares, which means, for every hectare of forest land degraded, CIL has made plantation in 2.5 Hectares of land.
Committed to minimize the adverse impact of coal mining on environment through well structured Environment Management Plans and sustainable development activities.
As a part of 'Clean & Green' programme, massive plantation has been taken up by CIL wherever land is available. CIL has till date planted over 73 million trees.
A positive result of this effort towards improvement of environment through massive plantation undertaken in Singrauli Coalfields since 1985, is such that the analysis for the period 1985-1995 and 1996-2002 carried out by Conservator of Forest indicates that the annual average maximum temperature in Singrauli has decreased by 0.4oC while the annual average rainy days increased by 11.2 days and average annual rainfall has increased by 105.6 mm.
CIL has started integration of Environment Management System (ISO:14001) with Quality Management System (ISO:9001) and till date have successfully achieved certification of 53 of its projects. This integration is being extended to all mines in phases.
Shri S. Narsing Rao
Shri A Chatterjee
Shri N Kumar
Shri R Mohan Das
Personnel & Industrial Relation
Shri B.K. Saxena
|GOVERNMENT NOMINEE DIRECTORS|
Dr. A K Dubey
Ministry of Coal
Smt. Sujata Prasad
JS & FA
Mr. Mohd. Anis Ansari
Dr. R.N. Trivedi
Ms. Sachi Chaudhuri
Prof SK Barua
Smt. Sheela Bhide
Shri Kamal R Gupta
Shri A N Sahay
Shri A K Debnath
History and Formation of Coal India Limited
With dawn of the Indian independence a greater need for coal production was felt in the First Five Year Plan. In 1951 the Working Party for the coal Industry was set up which included representatives of coal industry, labour unions and government which suggested the amalgamation of small and fragmented producing units. Thus the idea for a nationalized unified coal sector was born. Integrated overall planning in coal mining is a post-independence phenomenon. National Coal Development Corporation was formed with 11 collieries with the task of exploring new coalfields and expediting development of new coal mines.
Factors which led up to Nationalization of Coal Industry in India
Nationalization of coal industry in India in the early seventies was a fall out of two related events. In the first instance it was the oil price shock, which led the country to take up a close scrutiny of its energy options. A Fuel Policy Committee set up for this purpose identified coal as the primary source of commercial energy. Secondly, the much needed investment needed for growth of this sector was not forthcoming with coal mining largely in the hands of private sector. The objectives of Nationalization as conceived by late Mohan Kumaramangalam were;
Conservation of the scarce coal resource, particularly coking coal, of the country by
- Halting wasteful, selective and slaughter mining.
- Planned development of available coal resources.
- Improvement in safety standards.
- Ensuring adequate investment for optimal utilization consistent with growth needs.
- Improving the quality of life of the work force.
Moreover the coal mining which hitherto was with private miners suffered with their lack of interest in scientific methods, unhealthy mining practices etc. The living conditions of miners under private owners were sub-standard.
Formation of Coal India Limited
With the Government's national energy policy the near total national control of coal mines in India took place in two stages in 1970s. The Coking Coal Mines (Emergency Provisions) Act 1971 was promulgated by Government on 16 October 1971 under which except the captive mines of IISCO, TISCO, and DVC, the Government of India took over the management of all 226 coking coal mines and nationalised them on 1 May, 1972. Bharat Coking Coal Limited was thus born. Further by promulgation of Coal Mines (Taking over of Management) Ordinance 1973 on 31 January 1973 the Central Government took over the management of all 711 non-coking coal mines. In the next phase of nationalization these mines were nationalized with effect from 1 May 1973 and a public sector company named Coal Mines Authority Limited (CMAL) was formed to manage these non coking mines.
A formal holding company in the form of Coal India Limited was formed in November 1975 to manage both the companies.
Major Events and Milestones :
- Maharatna Status
Coal India Limited was granted the 'Maharatna' status on 11 April, 2011 by the Government of India thus becoming only the 5th PSU in the country, of a total of 215 Central Public Sector Enterprises (CPSEs), to have been conferred with this status. Government of India has introduced the Maharatna scheme in February 2010 for Central Public Sector Enterprises, in order to empower the mega CPSEs to expand their operations and emerge as global giants. So far, the select club has only five members. The objective of Maharatna is to delegate enhanced powers to the Boards of the identified large Navratna CPSEs, fulfilling the specified criteria, to facilitate expansion of their operations both in domestic as well as global markets.
- Coal India joins SENSEX
Coal India made it to the 30-stock Sensex, on 8 August 2011, globally considered to be the barometer of the Indian economy, in short span of nine months since its listing on 4 November 2010. No other company has made it to the index in such a short time. And then Coal India's raise to the top came in just seven trading sessions since its entry to SENSEX. This is considered to be a remarkable accomplishment.
- Most Valued Company in the country
On 17 August 2011, Coal India emerged as the Most Valued Company in the country in terms of Market Capitalization - the pinnacle of success every business entity dreams of and aspires for. The company's value stood at a whopping Rs.2,51,296 Crores. What made the achievement all the more significant was that a public sector company could attain such lofty heights.
- CMPDI in a gas recovery project
Central Mine Planning and Design Institute (CMPDI) the Ranchi based mine consultancy subsidiary of Coal India Limited has been identified for participation in a Green House Gas recovery from coal mines and un-mineable coal beds and conversion to energy (GHG2E) - an EU funded Research Project from India along with Indian Institute of Technology, Kharagpur.
The basic objective of the project is to contribute to global greenhouse gas reduction by controlling methane emission from coal mines and maximizing utilization of produced methane. Moonidih and Sudamdih mines of BCCL have been considered for taking up this research project. The total time schedule for the project is 42 months. Officials from CMPDI participated in the kick-off meeting held in Slovakia from 6th - 9th Oct.'11. A team comprising of Prof. Sevket Durucan of Imperial College of Engineering, London and Prof. K.Pathak of IIT, Kharagpur and other representatives of both the institutions visited CMPDI on 16th Nov 2011 and the matter was discussed in details regarding the implementation of the project. The team along with CMPDI officials also visited Moonidih mine and BCCL for detailed discussions. CMPDI has received an advance payment of EURO 47,867.35 for the Project.
- Finalizes National Coal Wage Agreement IX in record time
Coal India Limited (CIL) on 31 January 2012, finalized the wage agreement for its 3.63 Lakh strong non-executive work force by giving a 25% increase on gross wages as of 30 June 2011. The wage hike that would be effective retrospectively from 1 July 2011 is for a five-year period. With the conclusion of the wage negotiation, Coal India for the second time becomes the first Central Public Sector Undertaking in the country to successfully finalize the wage pact. The NCWA IX was concluded in a record time of only 6 months since the formation of JBCCI in August 2011. Never in the history of CIL was a wage agreement concluded so swiftly.
- Pays Highest Interim Dividend to Government of India
Ms. Zohra Chatterji, IAS, CMD, Coal India Limited on 23 March 2012, accompanied by Functional Directors of CIL Shri R Mohan Das, Director (P&IR); Shri A K Sinha, Director (Finance) and Shri N Kumar, Director (Technical) presented a cheque of Rs.5400.49 Crores towards the Interim Dividend for the fiscal 2011-12 to Shri Sriprakash Jaiswal, Hon'ble Union Minister of Coal, Government of India, in New Delhi. Present during the occasion were Shri Alok Perti, Secretary to Government of India, Ministry of Coal and other senior officials of MoC.
The amount of Rs.5400.49 Crores, the highest ever, Interim Dividend paid to Government of India so far, constitutes 90% of the total interim dividend of Rs.6000.55 Crores for the fiscal 2011-12. The rest 10% (Rs.600 Crores) was distributed amongst the shareholders of the company. This is at the rate of Rs.9.50 per share against Rs.3.50 paid in the previous fiscal registering an increase of 171 .4%.
- Coal India Limited signed a Memorandum of Understanding (MoU) Ministry of Coal on 31st March, 2011 - for its key performance areas for the fiscal 2011-12. As per the MoU for the fiscal 2011-12, CIL's targeted production and coal off-take have been fixed at 452.00 Million Tonnes (MTs) and 454.00 MTs respectively for attaining an 'Excellent' rating. Incidentally for previous three fiscal years i.e 2007-08, 2008-09 & 2009-10 CIL was rated 'Excellent'.
Under the present MoU for 2011-12 special emphasis on Research & Development, Corporate Social Responsibility, Sustainable development & Corporate Governance have been made as major thrust areas. To attain the targeted off-take, CIL has sought 175 rakes/day for 2011-12 as against the average availability of 156.8 rakes/day & 161.9 rakes/day during previous and current fiscal years . Average growth of coal movement through Rail is only around 2 % during the last 3 years whereas CIL has envisaged a growth of around 13.5 % through rail for achieving above target.
Since last year (2010-11) expenditure on CIL R&D activities has taken a quantum jump from 2009-10 level of around Rs 15 Crores annually to Rs.30 crores. CIL has also stepped up its target for expenditure on CSR activities in line with DPE's guideline.
- Coal India Limited bagged a prestigious first ever international award in Geneva on 7 March 2011. CIL was conferred with the "Century International Quality ERA Award (CQE)" in the Gold Category in recognition of commitment to Quality, Leadership, Technology and Innovation. It was stated that Coal India represents success for India in the Business world. The awards were given by Business Initiative Directions (BID) - a leading private organization focused on the Quality Mix Plan.
- Coal India Limited signed a Memorandum of Understanding with The Shipping Corporation of India Limited in December 2010 for promoting a Joint Venture Company (JVC) In order to create comprehensive end-to-end logistic solution from load port to consuming end. Currently imported coal is supplied by both private and PSU players at consuming ends, particularly to power stations, with comprehensive quality and quantity assurance, whereas, in case of indigenous coal, CIL's term of sale is Free on Rail at Colliery
Primary objective of the JVC are
- Owning/chartering of vessels
- Draft surveying
- Inspection of cargo
- Stevedoring at unloading port in India including unloading of vessels, customs clearance, shore clearance, and stacking
- Indenting wagons from railways, loading of wagons, quality analysis and delivery of coal at power stations
- 4th November was CIL share was listed at Rs.291/- and closed over Rs.342/- on the first day of trading. Most importantly, a national asset was offered to public as 'peoples' ownership' in PSUs.
- 21 October 2010, the day CIL's IPO closed, would be etched as a historic event in the annals of Coal India Limited. The day unraveled the value and the true potential of CIL. Innumerable road shows involving count less man hours of effort across the country and in US, Europe markets had resulted in the grand success of CIL's IPO.
CIL's IPO the largest so far in Indian capital market was over-subscribed 15.3 times. The resounding success of record shattering result of the company's public offer with the aggregate funds flowing amounted to Rs.2,35,276.55 crores which was so far unheard of in the Indian capital market. The over-subscription of the issue happened in all the three major segments i.e. Qualified Institutional Buyers (QIB), High Networth Individuals (HNI) and retail. The QIB for which there was a reservation to the extent of 50% of the net issue of the shares, the over-subscription was as much as 24.62 times. Around 784 QIB investors had put in over US dollar 38 billion i.e. Rs.1,71,469.64 crores which by itself is also an all time high in the history of Indian IPO. In the retail segment nearly 16.36 lakhs applications were received - the highest among all PSU IPOs so far amounting to Rs.63,639.26 Crores. This is also the highest so far in the Indian capital market. Interestingly, the foreign investors alone had put in around US $ 27 Billion which is equal to first ten months of FII investment in India this year.
- CRISIL the leading credit rating agency in the country has assigned maximum grading of 5 to CIL's proposed IPO - the best for any public sector. The grading indicates that the fundamentals of the IPO are strong compared other listed securities in the country.
||Award of the Scope Excellence Award to our Company by the Standing Conference
of Public Enterprises for the year 2007-08.
Coal India Africana Limitada, a foreign subsidiary in Mozambique;
Conversion of our Company into a public limited company.
of 'Mini Ratna' status by the Department of Public Enterprises,
GoI, to CMPDIL.
Receipt by our Company of a composite score of
1.47 and rating as "excellent" for the year 2007-2008 by Department
of Public Enterprises, Ministry of Heavy Industries & Public Enterprises,
||Award of 'Navratna' status to our Company by the Department
of Public Enterprises, GoI, for our operational efficiency and financial
strength, which affords greater operational freedom and autonomy in decision
Overall production of coal by our Company and our Subsidiaries,
crossed 400 million tonnes.
||Award of 'Mini Ratna' status by the Department of Public Enterprises,
GoI, to CCL.
||Award of 'Mini Ratna' status by the Department of Public Enterprises,
GoI, to our Company and to MCL, NCL, SECL and WCL.
debt as a percentage of net worth from 66 % in 2001-2002 to 10 % in 2006
||Rating of 'AAA/Stable', indicating highest degree of safety
with regard to timely payment of interest and principal, awarded by CRISIL
in respect of the Rs. 250 million bond programme of our Company.
of sale of coal through 'e-auction method';
BCCL reported profit of Rs. 3,638 million and 2,026.67 million in Fiscal
||Overall production of coal by our Company and our Subsidiaries crosses 300 million tonnes.
||Laying down of a minimum internal rate of return of 12% at 85% capacity
utilization as cut off for the development of a project.
||Corporatization of the financial flow between our Company and Subsidiaries,
such that our Company is to receive only dividends under applicable policy
from our Subsidiaries and the corpus of our Company was to be utilized to
provide strategic support to a loss making entity only for, inter alia,
maintaining their productive capital assets.
Sanction of loan of USD 1.03 billion from the World Bank and the Japanese
Bank for International Co-operation for implementing 24 highly viable open
case projects with global sourcing of equipments, of which USD 484.40 million
was availed during the period between Fiscal 1998 to Fiscal 2004.
||Rating of 'A+', indicating adequate safety with regard to
timely payment of interest and principal, awarded by CRISIL in respect of
the Rs. 4,000 million bond issue by our Company.
Adoption of financial viability as the basis for approval of coal development projects.
Discontinuation of retention prices scheme and the Coal Price Regulation Account (CPRA), with the deregulation in prices of certain grades of coal.
||Approval of a financial restructuring package by the Government, whereby
Rs. 8,917 million of interest liability was waived, Rs. 9,041.8 million
of plan loan repayment arrears was converted to preference equity and Rs.
4,326.4 million of non plan payment arrears were allowed a moratorium for
repayment and interest accrual for a period of three years, to be repaid
in three equal instalments.
A profit of Rs. 6,116 million in
Fiscal 1996 was earned by our Company.
||Formation of MCL as our Subsidiary to manage mines Talcher and IB valley
in the state of Orissa.
||Uptrend of profit started in 1991 and our Company earned a profit of Rs.
1,670 million in Fiscal 1992.
Overall production of coal by our Company and our Subsidiaries crossed 200
Fixing of coal prices once a year to compensate for increase in price of
inputs on a normative cost basis, and adoption of the escalation formula
prescribed by the Bureau of Industrial Cost and Prices ("BICP").
||'Blasting Gallery Method' introduced at East Katras mine under
BCCL and Chora mine under ECL.
||Formation of NCL and SECL as Subsidiaries of our Company, to manage certain
mines managed by WCL and CCL.
||Introduction of retention prices of coal by amending the Colliery Control
Order, 1945 by notification dated March 31, 1982, in respect of our Subsidiaries.
||Construction of five new washeries: Moonidih washery, Ramgarh
washery, Mohuda washery, Barora washery, Kedla washery.
production of coal by our Company and our Subsidiaries crossed 100 million
||Construction of the low temperature carbonized plant started in Dankuni
The pricing policy of CMPDIL was reviewed to ensure
that the company was working on a commercial line instead of working on
"no profit no loss" basis.
||Change of name of our Company to 'Coal India Limited'.
Incorporation of CMPDIL, ECL and WCL, and formation of BCCL, CCL, CMPDIL,
ECL and WCL, as our Subsidiaries.
||Nationalization of coal mines, in order to provide for a higher growth
in coal sector to meet the growing energy needs of the country.
of our Company as 'Coal Mines Authority Limited'.
Material Agreements/Joint Ventures/MOUs
- Agreement between our Company and Indian Oil Corporation Limited, IBP Division ("IOCL-IBP") for the supply of bulk loading explosives to our Subsidiaries.
- Agreement between our Company and Mitsui & Co. Limited ("Mitsui") for the supply of OTR Tires to NCL.
- Memorandum of Understanding between CMPDIL and our Company for 2010-2011.
- Memorandum of Understanding between our Company and Rail India Technical & Economic Services Limited ("RITES") for provision of management consultancy services.
- Joint Venture Agreement dated September 27, 2007 with BEML Limited and Damodar Valley Corporation.
- Joint Venture Agreement dated October 12, 2009 with NTPC.
- Joint Venture Agreement dated January 14, 2009 with Steel Authority of India Limited, Rashtriya Ispat Nigam Limited, NMDC Limited and NTPC Limited.
- Memorandum of Understanding dated January 10, 2008 with GAIL (India) Limited ("GAIL") and
- Memorandum of Intent dated December 14, 2009 with GAIL and Rashtriya Chemicals and Fertilizers Limited ("RCF").
|Awards and Achievements|
|Year||Awards / Achievements|
- CIL conferred with two CSR Awards
Coal India Limited (CIL), the Maharatna coal mining PSU was conferred with two Corporate Social Responsibility Awards on 18 February 2013-the World CSR Day. The awards, 'Global CSR Excellence and Leadership Award' for Best Corporate Social Responsibility Practices and 'Blue Dart Most Caring Companies of India Award' were presented in a formal function to CIL officials.
- Coal India receives Geospatial Award
Coal India Limited (CIL), the Maharatna PSU, was conferred with 'Best Geospatial Application in an Enterprise' Award, on 22 January 2013, by Geospatial Media and Communications Pvt. Ltd.
The award received by Mr. S Narsing Rao, Chairman, CIL, on behalf of the company in a formal ceremony "India Geospatial Excellence Awards" was for CIL's innovative and successful implementation of geospatial technologies in exploration and mining techniques which helped in managing and streamlining the usage of natural resources.
- Coal India bags CSR Award
Coal India Limited (CIL) the Maharatna coal mining monolith was awarded "IPE CSR Corporate Governance Award 2012" for its outstanding achievement in Corporate Social Responsibility. The award instituted by Institute of Public Enterprises and endorsed by World CSR Congress, CMO Asia and Asian Confederation of Business was presented by Director IPE, in a formal function held on 24 November 2012 in Mumbai, to CIL Officials. CIL lays special emphasis on CSR activities and is among the top PSUs of the country in terms fund allocation to CSR activities.
- Coal India features in Platts Global Energy Company rankings
Coal India Limited was named to 'Platts Top 250 Global Energy Company Rankings' for 2012 for having distinguished itself through its remarkable performance last year.
Since, 2002 Platts has ranked energy companies' financial performance globally, regionally and by industry sector. For 2012 CIL earned a ranking of 48 on overall global performance. Platts also analyzed energy companies by nine industry classifications and three regions. CIL ranked No. 2 in Coal and Consumable Fuels in Asia/Pacific Rim; and also No.2 in Coal and Consumable Fuels globally and No.11 in overall performance in Asia/Pacific Rim.
Platts rankings are based on four key metrics - assert worth, revenues, profits and return on investment capital. All companies which ranked are publicly held and have assets greater than US $4 Billion.
The rankings were announced in a formal Asia Awards Function on 23 October 2012 in Singapore.
- Mr. R Mohan Das, CIL Director (P&IR), conferred HR Award
Mr. R. Mohan Das, Director (Personnel & IR), Coal India Limited, the Maharatna coal mining PSU was recently conferred with the coveted "HR Leadership Award" jointly by the 'Institute of Public Enterprises' (IPE) and 'Asia Pacific HRM Congress' at Bangalore in an official awards ceremony.
Mr. Mohan Das was also honoured with a citation on inclusion of his name as one of the 'Most Powerful HR Professionals of India' for his outstanding contribution in the field of HR.
- CMPDI bags International Award
Central Mine Planning & Design Institute (CMPDI) the Ranchi based mine consultancy arm of Coal India Limited (CIL) received the reputed "Geospatial World Excellence Award 2012" on 24th April, 2012, in Amsterdam, Netherlands. The award conferred on CMPDI, amidst stiff competition, was in recognition of excellent usage of Geospatial technology for land reclamation monitoring of coal mines on behalf of CIL. CMPDI was selected for the award out of total 149 nominations by a panel of eminent international jury.
- Mr. A K Sinha Director (Finance), CIL honoured
Mr. Asok Kumar Sinha, Director (Finance) Coal India Limited, the Maharatna coal mining monolith was conferred with the coveted "Best CFO" Award in PSU category in an awards function organized by 'Business Today' and 'Yes Bank' on 11 April 2012, in New Delhi. The Award was presented by Shri Pranab Mukherjee, Hon'ble Finance Minister, Government of India and (Dr) Shri Veerappa Moily, Hon'ble Minster for Corporate Affairs, Government of India.
- Coal India Limited received the MoU Excellence Award
Coal India Limited has received the MoU Excellence Award for Outstanding rating for the year 2009-10 in New Delhi, on 31 January 2012 in a formal awards function ‘MoU Excellence Awards/SCOPE Excellence Awards for outstanding contribution to the Public Sector Management’ organized by Department of Public Enterprises (DPE), Ministry of Heavy Industries & Public Enterprises.
Dr. Manmohan Singh, Hon’ble Prime Minister of India handed over the award, in the presence of Shri Praful Patel, Hon’ble Minister for Heavy Industries and Public Enterprises, Government of India, to Shri N C Jha Chairman Coal India Limited who received it on behalf of the company.
- Shri N C Jha felicitated by Institution of Engineers (India)
Shri N C Jha, Chairman, Coal India Limited was honoured with the coveted “Eminent Engineering Personality” award by Institution of Engineers (India) on 16, December 2011 at Bengaluru. IEI, which for the last 94 years has been advocating the engineering advancement in the country honours leading engineering personalities every year for their outstanding contribution in their respective fields at an event ‘Glimpses of Eminent Personalities'.
This year, the award was presented to Shri N C Jha in recognition of his key role and notable contributions to Coal India Limited over the years, during the ‘26th Indian Engineering Congress’ held from 15-18 December 2011 at Bengaluru.
- Coal India Limited bagged first prize of Official language Implementation Award
Coal India Limited has bagged first prize of Official Language Implementation award of Official Languge Implementation Committee (PSUs), Kolkata during its half yearly meeting-cum-prize distribution ceremony held on 30.08.2011 at “Topaz Hall of Hindustan Hotel”. This was for the outstanding contribution towards Official Language policy of the Union during the year 2010-11 in Corporate Offices Category. Offices of 106 PSUs are the member of TOLIC, Kolkata.
- Coal India wins India Pride Award 2011
Coal India Limited (CIL) was conferred with “India Pride Award 2011” for the second consecutive year. CIL received the Gold Trophy in ‘Energy & Power’ category. The award presented by Shri Montek Singh Ahluwalia, Deputy Chairman, Planning Commission of India, was received by Shri NC Jha, Chairman, CIL in a formal award ceremony in New Delhi on 21 October 2011.
India Pride Awards have been initiated by Dainik Bhaskar, a leading Hindi language media house and DNA – the English language news daily, aimed to recognize the outstanding contribution made by PSUs and individuals in different areas towards promoting efficiency and to encourage and motivate the individuals to achieve higher goals. The evaluation for the awards was done by ICRA, based on various Business Results.
- Company of the Year Award to Coal India
Coal India Limited was conferred the coveted “Company of the Year Award” in a function organized by Indian Chamber of Commerce and Department of Public Enterprises (DPE) on 19 September 2011 at 2nd Summit on ‘India Public Sector Agenda @2020’ at New Delhi.
Shri N C Jha, Chairman, CIL along with Shri Alok Perti, Secretary to Government of India, Ministry of Coal, received the Citation and Award from Shri Bhaskar Chatterjee, Secretary to Government of India Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises.
- Coal India joins 30-Stock SENSEX
Coal India Limited joined the select band of the Indian corporate when the company was included in India’s most widely tracked bellwether Index, the 30-stock “SENSEX” on 8 August 2011, globally considered to be the barometer of the Indian economy. Inclusion in the Bombay Stock Exchange SENSEX marks a defining moment in the history of the company and opens a new dimension to the company’s prospects.
- Coal India Limited a 'Maha Ratna'
Coal India Limited was granted the 'Maharatna' status on 11 April, 2011 by the Government of India. In an official awards ceremony held in Vigyan Bhawan, New Delhi on the Public Sector Day, Hon'ble President of India, Smt. Pratibha Devisingh Patil handed over the certificate to Shri N C Jha, Chairman, CIL. Coal India becomes only the 5th PSU in the country, of a total of 217 Central Public Sector Enterprises (CPSEs), to have been conferred with this status.
Government of India has introduced the Maha Ratna scheme in February 2010 for Central Public Sector Enterprises, in order to empower the mega CPSEs to expand their operations and emerge as global giants. So far, the select club has only five members. The objective of 'Maharatna' is to delegate enhanced powers to the Boards of the identified large Navratna CPSEs, fulfilling the specified criteria, to facilitate expansion of their operations both in domestic as well as global markets.
Coal India's performance in the recent years led to the company getting the elevated status. In fact, the company had met five of the six criteria required to garner 'Maharatna' status much earlier but since CIL was not a listed entity, the 'Maharatna' could not be accorded earlier. Now that CIL is listed in the exchanges, since November 2010, it has been possible for the government to accord the 'Maharatna' status to Coal India.
Coal India along with four of its subsidiaries MCL; NCL; SECL and WCL was granted Mini Ratna status in March 2007 and within a span of 17 months CIL's status was elevated to that of Nava Ratna in October 2008. The Navratna status then came with a condition that the company should be listed in the exchanges within three years from the date of the granting of the status. Incidentally, CIL completed the IPO process with a huge success and became a listed company in November 2010, which paved the way for the state owned coal miner to become a 'Maharatna'.
- Coal India Limited included in the Dow Jones SAFE 100 Index
Coal India Limited (CIL) the Navratna coal mining PSU made it to the 'Dow Jones SAFE 100 Index', when the leading global index provider announced the results of the regular annual review of Dow Jones SAFE 100 Index, on 10 March 2011 in New York. CIL is one among the 5 Indian companies to have made it to the Index. The renewed status will be effective after the closing of trading on Friday, March 18, 2011.
The Dow Jones SAFE 100 Index measures the performance of 100 blue-chip companies in five of the eight member states of the South Asian Federation of Exchanges (SAFE). The five member states included in the index are: India, Bangladesh, Mauritius, Pakistan and Sri Lanka. Dow Jones Indexes is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products.
- Coal India features in “FE 500”
Coal India Limited had featured in the “FE 500” a Financial Express Research Bureau Project brought out by ‘The Indian Express’, a news daily in March 2011.
In fact, CIL is among the super league of top 10 firms and occupies a composite rank of 5 (for 2010). In terms of Gross Profit CIL is ranked 5 and CIL had also entered the top 10 in terms of market capitalization. In the editorial the Managing Editor had stated "In 2010-11 too these companies have continued to perform well inspite of the possibility of a double dip recession in the West not being ruled out by experts". He concludes by " It is increasingly evident that the FE 500 universe will continue to mirror the long term India growth story".
- Central Mine Planning and Design Institute Limited (CMPDIL), the Mini Ratna consultancy arm of Coal India Limited had bagged the prestigious “SCOPE Meritorious Award for R&D, Technology Development & Innovation” for the year 2009-10. This was announced on 17 March 2011.
- Coal India Limited bagged a prestigious international award in Geneva on 7 March 2011. CIL was conferred with the “Century International Quality ERA Award (CQE)” in the Gold Category in recognition of commitment to Quality, Leadership, Technology and Innovation. The awards were given by Business Initiative Directions (BID) – a leading private organization focused on the Quality Mix Plan.
- Chairman, Coal India Limited was conferred ‘CEO of the Year’ as well as ‘CEO with HR Orientation’ Award in Global HR Excellence Awards 2010-11 during the World HRD Congress on 11 February 2011 in Mumbai.
- Chairman, Coal India Limited was conferred with the coveted National Award in the Corporate Excellence category on 13 January 2011 at Siri Fort Auditorium New Delhi in an awards function organized by ‘Ramakrishna – Vivekananda International Foundation’.
- Chairman, Coal India Limited on 15 December 2010 received the coveted “SCOPE Special Award of the Jury” from Dr. Manmohan Singh, Hon’ble Prime Minister of India in an official award ceremony “MoU Excellence Awards & SCOPE Excellence Awards 2008-09” held in New Delhi. The function was jointly organized by Department of Public Enterprises and Standing Conference of Public Enterprises (SCOPE).
- Shri R. Mohan Das, Director (Personnel & Industrial Relations), Coal India Limited has been elected as the as National President of NIPM (National Institute of Personnel Management) in their National Council biennial election for the year 2010-12.
- Coal India Limited has won five medals at the Shenhua Cup, an international mining skill competition held in China recently. This was organized by Shenhua Group Corporation Limited, the largest coal company in China.
- Coal India Limited (CIL) was conferred with “India Pride Awards 2010” in two of the categories that the company had participated in. CIL received the Gold Trophy in ‘Energy & Power’ category and Silver Trophy in ‘CSR & Environment’ category. The awards have been initiated by Dainik Bhaskar, a leading Hindi language media house along with DNA – the English language news daily, aimed to recognize the outstanding contribution made by PSUs.
- Coal India Limited (CIL) has bagged five awards for its Human Resources Practices at Asia’s Best Employer Brand Awards at Suntec Centre in Singapore. The Asian Best Employer Brand Awards were hosted and researched by Employer Brand Institute and Stars of Industry Group.
- Chairman, Coal India Limited, was conferred with the "Distinguished Management Fellowship" award of Indian Institute of Social Welfare & Business Management (IISW&BM) – one of the oldest management institutes of India - in a special session held on 23 July, 2010 in Kolkata.
- Chairman, Coal India Limited was awarded the Confederation of Indian Industry (CII) President’s Award for Outstanding Contribution to CII for 2009-10 at a function in New Delhi on 11 May 2010.
- Coal India Limited received the “Best Practices in Industrial Relations Award (IR)” for 2010-11 in an Annual Awards function organized recently by Hooghly Chamber of Commerce & Industry. CIL bagged the award in recognition of its commendable efforts in managing its IR functions.
- Chairman and Managing Director of our Company was conferred with the "CEO with HR Orientation Award" by the Council of World HRD Congress at the Global HR Excellence Awards Ceremony 2010.
- Conferred the "World's Largest Coal Producing Company Award" at the first Dalal Street Investment Journal PSU Awards, 2009.
- Ranked among the top five finalists in the 11th Anniversary of Platts Global Energy Awards 2009, in the 'Energy Producer of the Year' category.
- Conferred the "SCOPE Gold Trophy 2007-08" for Excellence and Outstanding Contribution to the Public Sector Management".
- Conferred the "Enterprise Excellence Award 2007" by the Indian Institution of Industrial Engineering.