|Traded as||BSE: 533278
BSE SENSEX Constituent
CNX Nifty Constituent
|Industry||Metals and Mining|
|Headquarters||Kolkata, West Bengal, India|
|Key people||S Narsing Rao
(Chairman & MD)
|Revenue||770.49 billion (US$12 billion) (2012–13)|
|Operating income||249.72 billion (US$3.8 billion) (2012–13)|
|Profit||173.56 billion (US$2.7 billion) (2012–13)|
|Total assets||1215.65 billion (US$19 billion) (Mar 2013)|
|Total equity||484.72 billion (US$7.4 billion) (Mar 2013)|
|Owner(s)||Government of India|
Coal India Limited (CIL) is an Indian state-controlled coal mining company headquartered in Kolkata, West Bengal, India. It is the largest coal producer company in the world and contributes around 81% of the coal production in India. It produced 452 million tonnes of coal during FY 2012–13 and earned a revenue of INR 882.81 billion from sale of coal in the same financial year. Union Government of India owns 90% of the shares in CIL and controls the operations of CIL through Ministry of Coal. In April 2011, CIL was conferred the Maharatna status by the Union Government of India. On 31 March 2013, its market capitalisation was INR 1.952 trillion (US $35.9 billion) making it India's 5th most valuable company by market value.
To take care of energy requirements of India, the Central Government of India did a nationalisation of coal industry in the 1970s. In 1972, it acquired most of the coking coal mines in India (226 coking coal mines) through Bharat Coking Coal Limited (BCCL). Similarly, it acquired all 711 non-coking coal mines in India through Coal Mines Authority Limited (CMAL). To consolidate the businesses of both coking and non-coking coal under one entity, a formal holding company in the form of Coal India Limited was formed in November 1975 to manage both the companies. Government of India held 100% of its shares from 1975 till 2010.
Initial Public Offer (IPO): In October 2010, Government of India offered 10% of the equity shares of CIL (631.6 million equity shares) to public for sale at an offer price of INR 245 per share (at face value of INR 10 per share). The IPO got over-subscribed by 14.17 times. Against an IPO issue size of INR 155 billion (USD 3.5 billion) it received bids for INR 2400 billion crores (USD 53 billion) making it the second highest collections in any IPO in India. On the first day of its listing on the stock market, its shares soared 40% higher than IPO price. With the listing, CIL become the fourth most valued company on the Indian stock exchanges with a market value of INR 2.16 trillion.
CIL was included in the 30-member BSE SENSEX on 8 August 2011. On 17 August 2011, it became the most valuable company in India, with a market capitalisation of INR 2.51 trillion.
CIL is the largest coal producing company in the world. It produced 452.21 MT (million tonne) coal during FY 2012–13. Coal India operates through 81 mining areas in eight states in India. It has 470 coal mines out of which 164 are open cast, 275 are underground and 31 are mixed mines. Production from open cast mines during 2012-13 was 91.65% of total production of 452.21 MT. Underground mines contributed to 8.35% of production. CIL further operates 17 coal washeries, out of which 12 are for coking coal and 5 are for non-coking coal. It also manages 200 other establishments like workshops, hospitals etc.
Subsidiaries: Coal India produces coal through seven of its wholly owned subsidiaries. Its another wholly owned subsidiary CMPDIL carries out the exploration activities for other subsidiaries. CMPDIL also provides technical and consulting services to it and to third party clients for coal exploration, mining, processing and related activities. CIL also has a wholly owned subsidiary in Mozambique, Coal India Africana Limitada (CIAL) for pursueing coal mining opportunities in that country.
The details of number of employees, revenue for FY 2012-13 and production of coal is given in the table below:
|Subsidiary||Employees||Revenue INR billion (FY 2012-13)||Coking coal (MT)||Non-coking coal (MT)||Total Coal Production (MT)|
|Bharat Coking Coal Limited||61,698||89.37||26.970||4.243||31.213|
|Central Coalfields Limited||48,126||92.38||16.156||31.905||48.061|
|Eastern Coalfields Limited||74,276||97.40||0.043||33.868||33.911|
|Mahanadi Coalfields Limited||22,065||120.93||-||107.894||107.894|
|Northern Coalfields Limited||16,073||99.86||-||70.021||70.021|
|South Eastern Coalfields Limited||73,718||176.48||0.157||118.062||118.219|
|Western Coalfields Limited||54,960||74.23||0.330||41.957||42.287|
|Central Mine, Planning & Design Institute Limited||3,142||6.05||-||-||-|
|Coal India Africana Limitada||-||-||-||-|
|North Eastern Coalfields||2,376||-||-||0.605||0.605|
|Dankuni Coal Complex||551||-||-||-||-|
Joint Ventures: CIL has two joint ventures:
- International Coal Ventures Private Limited (ICVPL) was formed in 2009 for acquisition of coking coal properties outside India. CIL holds 2/7th share in paid up capital of ICVPL.
- CIL-NTPC Urja Pvt. Limited is a 50:50 JV between CIL and NTPC, formed in April 2010 for acquisition of coal blocks in India and abroad.
Listing: CIL's equity shares are listed on Bombay Stock Exchange where it is a constituent of the BSE SENSEX index, and the National Stock Exchange of India where it is a constituent of the S&P CNX Nifty.
Shareholding: On 30 September 2013, 90% of the equity shares of the company were owned by the Government of India and the remaining 10% were owned by others.
|Shareholders (as on 31-March-2013)||Shareholding|
|Government of India||90.00%|
|Foreign Institutional Investors (FII)||05.44%|
|Banks and Financial Institutions||01.28%|
|Private Corporate Bodies||01.22%|
Coal India had 357,926 employees as on 31 March 2013, out of which 304,792 were workmen, 33,542 were supervisors and 19,592 were Executives. It spent Rs. 273.21 billion on Employee benefits which accounted for 52.47% of the total expenditure incurred during the FY 2012–13 .
Awards and recognitions
- Coal India Limited (CIL) was conferred with two Corporate Social Responsibility Awards on 18 February 2013: 'Global CSR Excellence and Leadership Award' for Best Corporate Social Responsibility Practices and 'Blue Dart Most Caring Companies of India Award'.
- For 2012, CIL earned a ranking of 48 on overall global performance in the 'Platts Top 250 Global Energy Company Rankings'.
- CIL features on the Forbes Global 2000 rankings for 2012 at position 377.
- In December 2012, it was ranked as the 9th on the Fortune India 500 list.
- CIL was conferred with "Company of the Year Award" in a function organised by Indian Chamber of Commerce and Department of Public Enterprises (DPE) in September 2011 at 2nd Summit on 'India Public Sector Agenda @2020' at New Delhi.
Green initiatives: The company planted 1.59 million saplings during 2012-13. In its Sustainability Report for 2012-13, it informed that it has planted around 78 million trees over an area of around 33700 Ha.
Operating 239 mines without environment clearance: In September 2011, CAG criticised CIL for operating 239 mines in seven coal producing subsidiaries, which existed prior to 1994, without environmental clearance. These mines included 48 open-cast, 170 underground and 21 combined mines. In its report, the CAG also pointed out that of the 18 sample open-cast and eight underground mines, ten mines had undertaken capacity expansion without environmental clearances. The company, in its reply, said that applications for clearances to the projects have already been submitted to the Ministry of Environment and Forests.
Coal mines near Tiger Preserves: In India, some coal mines are located near/below the tiger preserves. Mining or construction of administrative offices in/near these preserves disturbs the wildlife. Hence environmental organisations like Greenpeace have been opposing mining in these areas. Around 50% of the energy requirements of India are met by coal. Hence the protection of wildlife is sometimes overlooked due to this fact. In its argument the CIL said that in many cases it only does underground mining which does not hurts the forests above.
Accidents during mining: The company is its Annual Report for FY 2012-13 reported lowest ever figures of average 66 deaths and 251 serious accidents per year for the period 2010-2012 indicating that safety at workplace is improving over the years. Critics claim that the safety practices in most mines are inadequate, which is causing so many casualties. It is also claimed that many accidents and deaths are not recorded and hence are not part of 'official figures'.
- "Annual Report 2012-13". Coal India. 27 May 2013. Retrieved 17 October 2013.
- "Coal India is not an expert in CBM exploration: Oil minister Veerappa Moily". Economic Times. 17 October 2013. Retrieved 18 October 2013.
- "Top 10 Global Coal Producers". ArchCoal, Inc. 19 March 2013. Retrieved 20 October 2013.
- "Coal India to join Rs 1 lakh-cr league". Economic Times. 10 June 2013. Retrieved 17 October 2013.
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- "Table 4-12: Top '50' Companies by Market Capitalisation as on March 31, 2013". NSE India. 31 March 2013. Retrieved 19 October 2013.
- "Eight blue-chip cos add Rs 44,239 cr in market cap". The Hindu. 31 March 2013. Retrieved 19 October 2013.
- "History and Formation of Coal India Limited". Coal India Limited. Retrieved 17 October 2013.
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- "Coal India fixes IPO price at Rs 245 per share". MoneyControl.com. 26 October 2010. Retrieved 18 October 2013.
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- "CIL becomes India’s most valuable firm". Live Mint. 17 August 2011. Retrieved 19 October 2013.
- "Who are the world's top coal producing companies?". World Coal Association. Retrieved 20 October 2013.
- "Sustainability Report 2012-13". Coal India. 14 August 2013. Retrieved 19 October 2013.
- "Coal India operating 239 mines without environment clearance: CAG". Economic Times. 7 September 2011. Retrieved 19 October 2013.
- "Scripwise Weightages in S&P BSE SENSEX". BSE India. Retrieved 31 Aug 2013.
- "Download List of CNX Nifty stocks (.csv)". NSE India. Retrieved 31 Aug 2013.
- "Company-wise Manpower for the month of Mar-2013 (i.e. 01.04.2013)". Coal India. 1 April 2013. Retrieved 19 October 2013.
- "Coal India on the Forbes Global 2000 List". Forbes. 31 May 2013. Retrieved 19 October 2013.
- "IOC retains top slot in Fortune 500 India list". The Hindu. 15 December 2012. Retrieved 19 October 2013.
- "Coal India nominated for Public Eye Awards". Retrieved 19 October 2013.
- "Coal mining threat to tigers: Greenpeace". Indian Express. 3 August 2012. Retrieved 19 October 2013.
- "MoEF allows coal mining in tiger corridors". Times of India. 19 April 2013. Retrieved 20 October 2013.
- "How Coal Mining is Trashing Tigerland". Greenpeace. 2 July 2012. Retrieved 20 October 2013.
- "342 killed in PSU mines in four years". The Sunday Guardian. 8 January 2012. Retrieved 20 October 2013.
- "DNA replies: CIL on coal deaths". DNA. 17 April 2012. Retrieved 20 October 2013.
- Official website
- Management Profiles
- Coal India Limited at Reuters
- News articles on Coal India Limited at The Times of India
- Coal India Limited at Bombay Stock Exchange of India
- Coal India Limited at National Stock Exchange of India
- Coal India Limited on Facebook