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Coal India Ltd.

BSE: 533278 Sector: Metals & Mining
NSE: COALINDIA ISIN Code: INE522F01014
BSE LIVE 15:46 | 02 Dec 306.10 -0.35
(-0.11%)
OPEN

308.70

HIGH

311.90

LOW

305.00

NSE LIVE 15:57 | 02 Dec 305.85 -0.45
(-0.15%)
OPEN

308.15

HIGH

311.70

LOW

304.50

OPEN 308.70
PREVIOUS CLOSE 306.45
VOLUME 262721
52-Week high 349.85
52-Week low 272.05
P/E 14.28
Mkt Cap.(Rs cr) 193343.78
Buy Price 306.10
Buy Qty 60.00
Sell Price 0.00
Sell Qty 0.00
OPEN 308.70
CLOSE 306.45
VOLUME 262721
52-Week high 349.85
52-Week low 272.05
P/E 14.28
Mkt Cap.(Rs cr) 193343.78
Buy Price 306.10
Buy Qty 60.00
Sell Price 0.00
Sell Qty 0.00

Coal India Ltd. (COALINDIA) - Company History

Coal India Ltd is a Maharatna Public Sector Undertaking under Ministry of Coal Government of India with headquarteres at Kolkata West Bengal. The company is the largest coal producing company in the world based on their raw coal production. Also they are the largest coal reserve holder in the world based on their reserve base. The company produces non-coking coal and coking coal of various grades for diverse applications. Most of their coal production is from open cast mines.The company sells substantially all of the raw coal their produce in the Indian market. Their customers include large thermal power generation companies steel and cement producers and other industrial companies in the public and private sector. Most of their coal is used in the thermal power sector in India.The company has nine direct subsidiaries and two indirect subsidiaries. The direct subsidiaries are Bharat Coking Coal Ltd Central Coalfields Ltd Central Mine Planning and Design Institute Ltd Eastern Coalfields Ltd Mahanadi Coalfields Ltd Northern Coalfields Ltd South Eastern Coalfields Ltd Western Coalfields Ltd and Coal India Africana Limitada. Mahanadi Coalfields Ltd has two subsidiaries namely MJSJ Coal Ltd and MNH Shakti Ltd which are the two indirect subsidiaries of the company.The company's coal production operations are primarily carried out through seven of their wholly-owned Subsidiaries in India. In addition another wholly owned subsidiary CMPDIL carries out exploration activities for their subsidiaries and provides technical and consultancy services for their operations as well as to third-party clients for coal exploration mining processing and related activities. They have also established a wholly-owned subsidiary in Mozambique Coal India Africana Limitada (CIAL) to pursue coal mining opportunities in Mozambique and have acquired prospecting licenses for two coal blocks in Mozambique.Coal India Ltd was incorporated on June 14 1973 as a private limited company with the name Coal Mines Authority Ltd. During the year 1975-76 the name of the company was changed from Coal Mines Authority Ltd to Coal India Ltd. Central Mine Planning and Design Institute Ltd Eastern Coalfields Ltd Western Coalfields Ltd Bharat Coking Coal Ltd and Central Coalfields Ltd became the subsidiaries of the company.During the year 1979-80 the company constructed the low temperature carbonized plant started in Dankuni Coal Complex. During the year 1980-81 they constructed five new washeries namely Moonidih washery Ramgarh washery Mohuda washery Barora washery and Kedla washery. During the year 1985-86 the company formed Northern Coalfields Ltd and South Eastern Coalfields Ltd as subsidiaries of the company to manage certain mines managed by WCL and CCL. During the year 1987-88 they introduced Blasting Gallery Method at East Katras mine under BCCL and Chora mine under ECL. During the year 1992-93 the company formed MCL as their subsidiaries to manage mines Talcher and IB valley in the state of Orissa. During the year 2006-07 the company was awarded the Mini Ratna status by the Department of Public Enterprises GoI to the company and to MCL NCL SECL and WCL. During the year 2007-08 CCL was awarded the Mini Ratna status by the Department of Public Enterprises.During the year 2008-09 the company was awarded Navratna status by the Department of Public Enterprises GoI for their operational efficiency and financial strength.During the year 2009-10 the company was converted into a public limited company. The company established of Coal India Africana Limitada a foreign subsidiary in Mozambique. Also CMPDIL was awarded Mini Ratna status by the Department of Public Enterprises GoI. The company was awarded Scope Excellence Award by the Standing Conference of Public Enterprises for the year 2007-08. In March 30 2010 the company signed an MoU with their administrative ministry - Ministry of Coal - for its key performance areas for the fiscal 2010-11. As per the MoU for the fiscal 2010-11 CIL's targeted production and coal off-take have been pegged at 461.5 Million Tonnes (MTs) and 462.5 MTs respectively for attaining an Excellent rating.As of March 31 2010 the company operates 471 mines in 21 major coalfields across eight states in India including 163 open cast mines 273 underground mines and 35 mixed mines (includes both open cast and underground mines). They are also operating 17 coal beneficiation facilities with an aggregate designed feedstock capacity of 39.40 million tons per annum. In June 2010 the company has proposed development of a coal block in Indonesia in joint venture with the country's State sector. In October 2010 the company made an initial public offer of shares and their shares were listed on the Bombay Stock Exchange and National Stock Exchange with effect from November 4 2010. In December 2010 the company signed an MoU with Shipping Corporation of India Ltd for promoting a joint venture company.In March 7 2011 the company bagged a prestigious International award in Geneva. The company was conferred with the Century International Quality ERA Award (CRE) in the Gold Category in recognition of commitment to quality leadership technology and innovation. In April 11 2011 the compahy was conferred with Maharatna Status by the Govt of India. In May 172011 the company became the most valuable PSU with a market capitalisation of Rs 2.51 lakh crore.In 2012 Coal India signs MoU with Government. The company also CIL signs FSA with 14 power companies. CIL gets 116 mines from government to boost outputIn 2014 Coal India signs MoU with Government for 2014-15. Coal India and Tata Medical Centre join hands. Coal India announces Rs. 235 Crores for Clean India initiativeIn 2015 the Union Ministry of Skill Development and Entrepreneurship and the Coal India Limited signed a Memorandum of Agreement to impart skill training to 1.7 lakh people .The company along with GAIL (India) Ltd Rashtriya Chemical Fertilizers Ltd (RCF) and Fertilizer Corporation of India Ltd (FCL) has entered into a Joint Venture (JV) agreement for incorporation of Rashtriya Coal Gas Fertilizers Ltd. Coal India Limited (CIL) bagged the coveted 'Rashtriya Khel Protsahan Puruskar 2015' award. Coal India Limited (CIL) also in a tie up with Tata Medical Centre (TMC) has sanctioned Rs. 41.11 Crores to the TMC Trust

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