8/12/2015 CoalIndiaWikipedia,thefreeencyclopediahttps://en.wikipedia.org/wiki/Coal_India 1/7CoalIndiaLimited(CIL) ()Type StateownedenterprisePubliccompanyTradedas BSE:533278(http://www.bseindia.com/stockshareprice/x/y/533278/)NSE:COALINDIA(http://www.nseindia.com/marketinfo/companyinfo/companysearch.jsp?cons=COALINDIA&section=7)BSESENSEXConstituentCNXNiftyConstituentIndustry MetalsandMiningFounded 1975Headquarters Kolkata,WestBengal,IndiaAreaserved IndiaKeypeople SutharthaBhattacharya(Chairman&MD)[1]Products Coal,BituminousRevenue770.49billion(US$12billion)(201213)[1]Operatingincome249.72billion(US$3.9billion)(201213)[1]Profit173.56billion(US$2.7billion)(201213)[1]Totalassets1215.65billion(US$19billion)(Mar2013)[1]Totalequity484.72billion(US$7.6billion)(Mar2013)[1]Owner GovernmentofIndia(80%)Numberofemployees357,926(Mar2013)[1]Slogan "WeSurviveifNatureLives"Website www.coalindia.in(http://www.coalindia.in/)CoalIndiaFromWikipedia,thefreeencyclopediaCoalIndiaLimited(CIL)isanIndianstatecontrolledcoalminingcompanyheadquarteredinKolkata,WestBengal,India.Itisthelargestcoalproducercompanyintheworld[2][3]andcontributesaround81%ofthecoalproductioninIndia.Itproduced452milliontonnesofcoalduringFY201213[1]andearnedarevenueofINR882.81billionfromsaleofcoalinthesamefinancialyear.[1][4]Ason30January2015,[5]UnionGovernmentofIndiaowns89.65%ofthesharesinCILandcontrolstheoperationsofCILthroughMinistryofCoal.[2]InApril2011,CILwasconferredtheMaharatnastatusbytheUnionGovernmentofIndia.[6][7]On31March2013,itsmarketcapitalisationwasINR1.952trillion(US$35.9billion)makingitIndia's5thmostvaluablecompanybymarketvalue.[8][9]Contents1History8/12/2015 CoalIndiaWikipedia,thefreeencyclopediahttps://en.wikipedia.org/wiki/Coal_India 2/71History2Operations3ListingandShareholding4Employees5Awardsandrecognitions6Initiatives7Criticism8Seealso9References10ExternallinksHistoryTotakecareofenergyrequirementsofIndia,theCentralGovernmentofIndiadidanationalisationofcoalindustryinthe1970s.By1972,itacquiredmostofthecokingcoalminesinIndia(226cokingcoalmines)throughBharatCokingCoalLimited(BCCL).Similarly,itacquiredall711noncokingcoalminesinIndiathroughCoalMinesAuthorityLimited(CMAL).Toconsolidatethebusinessesofbothcokingandnoncokingcoalunderoneentity,aformalholdingcompanyintheformofCoalIndiaLimitedwasformedinNovember1975tomanageboththecompanies.[10]GovernmentofIndiaheld100%ofitssharesfrom1975till2010.InitialPublicOffer(IPO):InOctober2010,GovernmentofIndiaoffered10%oftheequitysharesofCIL(631.6millionequityshares)topublicforsaleatanofferpriceofINR245pershare(atfacevalueofINR10pershare).[11]TheIPOgotoversubscribedby14.17times.[11]AgainstanIPOissuesizeofINR155billion(USD3.5billion)itreceivedbidsforINR2400billioncrores(USD53billion)makingitthesecondhighestcollectionsinanyIPOinIndia.[12]Onthefirstdayofitslistingonthestockmarket,itssharessoared40%higherthanIPOprice.[13][14]Withthelisting,CILbecomethefourthmostvaluedcompanyontheIndianstockexchangeswithamarketvalueofINR2.16trillion.[13]CILwasincludedinthe30memberBSESENSEXon8August2011.On17August2011,itbecamethemostvaluablecompanyinIndia,withamarketcapitalisationofINR2.51trillion.[15]On30January2015,inanOfferForSale(OFS),GovernmentofIndiasoldafurther10%stakeinCIL.PricedatINR358pershare,thesalefetchedthegovernmentINR225.5763billion,makingitthelargesteverequityofferingintheIndiansharemarket.[16]OperationsCIListhelargestcoalproducingcompanyintheworld.Itproduced462.422MT(milliontonne)coalduringFY201314.CoalIndiaoperatesthrough81miningareasineightstatesinIndia.SustainabilityReport201213CoalIndia14August201319October2013Ithas470coalminesoutofwhich164areopencast,275areundergroundand31aremixedmines.Productionfromopencastminesduring201213was91.65%oftotalproductionof462.422MT.Undergroundminescontributedto8.35%ofproduction.CILfurtheroperates17coalwasheries,outofwhich12areforcokingcoaland5arefornoncokingcoal.Italsomanages200otherestablishmentslikeworkshops,hospitalsetc.Subsidiaries:CoalIndiaproducescoalthroughsevenofitswhollyownedsubsidiaries.Itsanotherwhollyowned8/12/2015 CoalIndiaWikipedia,thefreeencyclopediahttps://en.wikipedia.org/wiki/Coal_India 3/7subsidiaryCMPDILcarriesouttheexplorationactivitiesforothersubsidiaries.CMPDILalsoprovidestechnicalandconsultingservicestoitandtothirdpartyclientsforcoalexploration,mining,processingandrelatedactivities.CILalsohasawhollyownedsubsidiaryinMozambique,CoalIndiaAfricanaLimitada(CIAL)forpursueingcoalminingopportunitiesinthatcountry.Thedetailsofnumberofemployees,revenueforFY201213andproductionofcoalisgiveninthetablebelow:Subsidiary EmployeesRevenueINRbillion(FY201213)Cokingcoal(MT)Noncokingcoal(MT)TotalCoalProduction(MT)BharatCokingCoalLimited61,698 89.37 26.970 4.243 31.213CentralCoalfieldsLimited 48,126 92.38 16.156 31.905 48.061EasternCoalfieldsLimited 74,276 97.40 0.043 33.868 33.911MahanadiCoalfieldsLimited22,065 120.93 107.894 107.894NorthernCoalfieldsLimited16,073 99.86 70.021 70.021SouthEasternCoalfieldsLimited73,718 176.48 0.157 118.062 118.219WesternCoalfieldsLimited54,960 74.23 0.330 41.957 42.287CentralMine,Planning&DesignInstituteLimited3,142 6.05 CoalIndiaAfricanaLimitada Subtotal 354,058 756.72 43.656 407.950 451.606NorthEasternCoalfields 2,376 0.605 0.605DankuniCoalComplex 551 CILHeadquarters 941 13.78 Total 357,926 770.49 43.656 408.555 452.211JointVentures:CILhastwojointventures:1. InternationalCoalVenturesPrivateLimited(ICVPL)wasformedin2009foracquisitionofcokingcoalpropertiesoutsideIndia.CILholds2/7thshareinpaidupcapitalofICVPL.2. CILNTPCUrjaPvt.Limitedisa50:50JVbetweenCILandNTPC,formedinApril2010foracquisitionofcoalblocksinIndiaandabroad.ListingandShareholdingListing:CIL'sequitysharesarelistedonBombayStockExchangewhereitisaconstituentoftheBSESENSEXindex,ScripwiseWeightagesinS&PBSESENSEXSEIndia31Aug2013andtheNationalStockExchangeofIndiawhereitisaconstituentoftheS&PCNXNifty.DownloadListofCNXNiftystocks(.csv)NSEIndia|31Aug20138/12/2015 CoalIndiaWikipedia,thefreeencyclopediahttps://en.wikipedia.org/wiki/Coal_India 4/7Shareholding:On30September2013,90%oftheequitysharesofthecompanywereownedbytheGovernmentofIndiaandtheremaining10%wereownedbyothers.On30January2015,inanOfferForSale(OFS),GovernmentofIndiasoldafurther10%stakeinCIL.PricedatINR358pershare,thesalefetchedthegovernmentINR225.5763billion,makingitthelargesteverequityofferingintheIndiansharemarket.[17]Shareholders(ason30January2015) ShareholdingGovernmentofIndia 80.00%ForeignInstitutionalInvestors(FII) 05.44%BanksandFinancialInstitutions 01.28%IndianPublic 10.23%PrivateCorporateBodies 01.22%MutualFunds 00.71%NRI/OCB/Others 00.12%Total 100.0%EmployeesCoalIndiahad457,926employeesason31March2013,outofwhich304,792wereworkmen,33,542weresupervisorsand19,592wereExecutives.CompanywiseManpowerforthemonthofMar2013(i.e.01.04.2013)CoalIndia1April201319October2013ItspentRs.273.21billiononEmployeebenefitswhichaccountedfor52.47%ofthetotalexpenditureincurredduringtheFY201213AwardsandrecognitionsCoalIndiaLimited(CIL)wasconferredwithtwoCorporateSocialResponsibilityAwardson18February2013:'GlobalCSRExcellenceandLeadershipAward'forBestCorporateSocialResponsibilityPracticesand'BlueDartMostCaringCompaniesofIndiaAward'.For2012,CILearnedarankingof48onoverallglobalperformanceinthe'PlattsTop250GlobalEnergyCompanyRankings'.CILfeaturesontheForbesGlobal2000rankingsfor2012atposition377.CoalIndiaontheForbesGlobal2000ListForbes31May201319October2013InDecember2012,itwasrankedasthe9thontheFortuneIndia500list.IOCretainstopslotinFortune500IndialistTheHindu15December201219October2013CILwasconferredwith"CompanyoftheYearAward"inafunctionorganisedbyIndianChamberofCommerceandDepartmentofPublicEnterprises(DPE)inSeptember2011at2ndSummiton'IndiaPublicSectorAgenda@2020'atNewDelhi.InitiativesGreeninitiatives:Thecompanyplanted1.59millionsaplingsduring201213.[1]InitsSustainabilityReportfor201213,itinformedthatithasplantedaround78milliontreesoveranareaofaround33700Ha.[18]Criticism8/12/2015 CoalIndiaWikipedia,thefreeencyclopediahttps://en.wikipedia.org/wiki/Coal_India 5/7Operating239mineswithoutenvironmentclearance:InSeptember2011,CAGcriticisedCILforoperating239minesinsevencoalproducingsubsidiaries,whichexistedpriorto1994,withoutenvironmentalclearance.[19][20]Theseminesincluded48opencast,170undergroundand21combinedmines.Initsreport,theCAGalsopointedoutthatofthe18sampleopencastandeightundergroundmines,tenmineshadundertakencapacityexpansionwithoutenvironmentalclearances.Thecompany,initsreply,saidthatapplicationsforclearancestotheprojectshavealreadybeensubmittedtotheMinistryofEnvironmentandForests.[19]CoalminesnearTigerPreserves:InIndia,somecoalminesarelocatednear/belowthetigerpreserves.Miningorconstructionofadministrativeofficesin/nearthesepreservesdisturbsthewildlife.HenceenvironmentalorganisationslikeGreenpeacehavebeenopposingminingintheseareas.[21][22]Around50%oftheenergyrequirementsofIndiaaremetbycoal.[1]Hencetheprotectionofwildlifeissometimesoverlookedduetothisfact.[23]InitsargumenttheCILsaidthatinmanycasesitonlydoesundergroundminingwhichdoesnothurtstheforestsabove.[22]Accidentsduringmining:ThecompanyisitsAnnualReportforFY201213reportedlowesteverfiguresofaverage66deathsand251seriousaccidentsperyearfortheperiod20102012indicatingthatsafetyatworkplaceisimprovingovertheyears.[1]Criticsclaimthatthesafetypracticesinmostminesareinadequate,whichiscausingsomanycasualties.[24]Itisalsoclaimedthatmanyaccidentsanddeathsarenotrecordedandhencearenotpartof'officialfigures'.[25]SeealsoCoalmininginIndiaEnvironmentalimpactofthecoalindustryCoalListofcompaniesofIndiaListofpublicsectorundertakingsinIndiaReferences1. "AnnualReport201213"(http://www.coalindia.in/Documents/Coal_India_AR_Mail_2012__2013_06082013.pdf)(PDF).CoalIndia.27May2013.Retrieved17October2013.2. "CoalIndiaisnotanexpertinCBMexploration:OilministerVeerappaMoily"(http://articles.economictimes.indiatimes.com/20131017/news/43144302_1_coalblockscoalministrycoalindia).EconomicTimes.17October2013.Retrieved18October2013.3. "Top10GlobalCoalProducers"(http://www.sec.gov/Archives/edgar/data/1037676/000110465913022192/a137797_1ex99d1.htm).ArchCoal,Inc.19March2013.Retrieved20October2013.4. "CoalIndiatojoinRs1lakhcrleague"(http://articles.economictimes.indiatimes.com/20130610/news/39873081_1_coalindialtdcilindianrailways).EconomicTimes.10June2013.Retrieved17October2013.5. "DisinvestmentofCoalIndiaLtd(CIL)ThroughOFSSuccessfullyCompletedRs22557.63CroreAccruedtotheGovernmentfromthisDisinvestmentProcessThisistheLargestEverDisinvestmentAmongCentralPublicSectorEnterprises(CPSES)"(http://pib.nic.in/newsite/PrintRelease.aspx?relid=115093).PressInformationBureau,GovernmentofIndia.30January2015.Retrieved31January2015.6. "CoalIndiagetsMaharatnatag"(http://articles.economictimes.indiatimes.com/20110411/news/29406469_1_maharatnatagmaharatnastatusnavratnastatus).EconomicTimes.11April2011.Retrieved19October2013.7. "CoalIndiagetsMaharatnastatus"(http://www.businessstandard.com/article/companies/coalindiagetsmaharatnastatus111041100161_1.html).BusinessStandard.11April2011.Retrieved19October2013.8/12/2015 CoalIndiaWikipedia,thefreeencyclopediahttps://en.wikipedia.org/wiki/Coal_India 6/7ExternallinksOfficialwebsite(http://www.coalindia.in/)ManagementProfiles(http://www.coalindia.in/Company.aspx?tab=1)CoalIndiaLimitedatReuters(http://www.reuters.com/finance/stocks/overview?symbol=COAL.NS)NewsarticlesonCoalIndiaLimitedatTheTimesofIndia(http://articles.timesofindia.indiatimes.com/keyword/coalindia)CoalIndiaLimitedatBombayStockExchangeofIndia(http://www.bseindia.com/stockshareprice/coalindialtd/coalindia/533278/)8. "Table412:Top'50'CompaniesbyMarketCapitalisationasonMarch31,2013"(http://www.nseindia.com/research/dynaContent/2013/412.xls).NSEIndia.31March2013.Retrieved19October2013.9. "EightbluechipcosaddRs44,239crinmarketcap"(http://www.thehindubusinessline.com/markets/stockmarkets/eightbluechipcosaddrs44239crinmarketcap/article4566888.ece).TheHindu.31March2013.Retrieved19October2013.10. "HistoryandFormationofCoalIndiaLimited"(http://www.coalindia.in/Company.aspx?tab=2).CoalIndiaLimited.Retrieved17October2013.11. "CILIPOpricedatRs245pershare"(http://articles.economictimes.indiatimes.com/20101026/news/27619552_1_cilipoissuepricecoalindia).EconomicTimes.26October2010.Retrieved19October2013.12. "CoalIndiafixesIPOpriceatRs245pershare"(http://www.moneycontrol.com/news/ipoissuesopen/coalindiafixesipopriceatrs245pershare_493865.html).MoneyControl.com.26October2010.Retrieved18October2013.13. "CoalIndialightsupStreetwith40%gainsondebut"(http://articles.economictimes.indiatimes.com/20101105/news/27574748_1_coalindiacopperandmanganeseorebiggestinitialpublicoffering).EconomicTimes.5November2010.Retrieved18October2013.14. "CoalIndiamakesspectaculardebut"(http://www.thehindu.com/business/companies/coalindiamakesspectaculardebut/article868589.ece).TheHindu.5November2010.Retrieved19October2013.15. "CILbecomesIndiasmostvaluablefirm"(http://www.livemint.com/Companies/rCJz2UEwzVhAYbytr30Y7O/CILbecomesIndia8217smostvaluablefirm.html).LiveMint.17August2011.Retrieved19October2013.16. http://economictimes.indiatimes.com/markets/stocks/news/cilmegasharesalesailsthroughgovernmenttogetrs22600crore/articleshow/46066139.cms17. http://economictimes.indiatimes.com/markets/stocks/news/cilmegasharesalesailsthroughgovernmenttogetrs22600crore/articleshow/46066139.cms18. "SustainabilityReport201213"(http://www.coalindia.in/Documents/Sustainability_report_2012__13_final_14082013.pdf)(PDF).CoalIndia.14August2013.Retrieved19October2013.19. "CoalIndiaoperating239mineswithoutenvironmentclearance:CAG"(http://articles.economictimes.indiatimes.com/20110907/news/30123089_1_undergroundminesenvironmentalclearanceminingactivities).EconomicTimes.7September2011.Retrieved19October2013.20. "CoalIndianominatedforPublicEyeAwards"(http://www.publiceye.ch/en/vote/coalindia/).Retrieved19October2013.21. "Coalminingthreattotigers:Greenpeace"(http://www.indianexpress.com/news/coalminingthreattotigersgreenpeace/983251/).IndianExpress.3August2012.Retrieved19October2013.22. "MoEFallowscoalminingintigercorridors"(http://articles.timesofindia.indiatimes.com/20130419/nagpur/38673734_1_coalminingundergroundminingmoef).TimesofIndia.19April2013.Retrieved20October2013.23. "HowCoalMiningisTrashingTigerland"(http://www.greenpeace.org/india/Global/india/report/HowCoalminingisTrashingTigerland.pdf)(PDF).Greenpeace.2July2012.Retrieved20October2013.24. "342killedinPSUminesinfouryears"(http://www.sundayguardian.com/news/342killedinpsuminesinfouryears).TheSundayGuardian.8January2012.Retrieved20October2013.25. "DNAreplies:CILoncoaldeaths"(http://www.dnaindia.com/india/1676833/reportdnarepliesciloncoaldeaths).DNA.17April2012.Retrieved20October2013.8/12/2015 CoalIndiaWikipedia,thefreeencyclopediahttps://en.wikipedia.org/wiki/Coal_India 7/7CoalIndiaLimitedatNationalStockExchangeofIndia(http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=COALINDIA)CoalIndiaLimited(https://www.facebook.com/CIL.CoalIndia)onFacebookRetrievedfrom"https://en.wikipedia.org/w/index.php?title=Coal_India&oldid=673478307"Categories: CoalcompaniesofIndia CompaniesbasedinKolkataGovernmentownedcompaniesofIndia Companiesestablishedin1975 BSESENSEXCNXNiftyThispagewaslastmodifiedon28July2015,at14:44.TextisavailableundertheCreativeCommonsAttributionShareAlikeLicenseadditionaltermsmayapply.Byusingthissite,youagreetotheTermsofUseandPrivacyPolicy.WikipediaisaregisteredtrademarkoftheWikimediaFoundation,Inc.,anonprofitorganization.