Coal India
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State-owned enterprise Public company |
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| Traded as | : : COALINDIA BSE SENSEX Constituent CNX Nifty Constituent |
| Industry | Metals and Mining |
| Founded | 1975 |
| Headquarters | Kolkata, West Bengal, India |
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Area served
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India |
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Key people
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Sutirtha Bhattacharya (Chairman & MD) |
| Products | Coal, Bituminous |
| Revenue |  ₹806.91 billion (US$12 billion)(2014–15) |
| ₹215.83 billion (US$3.2 billion) (2014–15) |
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| Profit | ₹137.27 billion (US$2.0 billion) (2014–15) |
| Total assets | ₹1,024.5 billion (US$15 billion) (Mar 2015) |
| Total equity | ₹403.53 billion (US$6.0 billion) (Mar 2015) |
| Owner | Government of India |
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Number of employees
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333,097 (1st April-2015) |
| Website | www |
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 82% of the coal production in India. It produced 494.24 million tonnes of coal during FY2014–15 and earned a revenue of ₹954.35 billion (US$14 billion) from sale of coal in the same financial year. As on 14 October 2015,Union Government of India owns 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. As on 14 October 2015, its market capitalisation was ₹2.11 trillion (US$31 billion) making it India's 8th most valuable company by market value.
Coal mining in Government sector had started in India in the year 1956. Until then, it was totally under the private sector.
In September 1956, Government of India established its own coal company National Coal Development Corporation (NCDC). Collieries run by the Railways formed the nucleus of NCDC. This was to fulfill the fast growing energy requirements in the country to support rapid industrialization taking place through 5-year Plans of the Government. In the same year, Singareni Colliery Company, which was operating in Andhra Pradesh since 1920, was also brought under government control when the Central Government and Andhra Pradesh Government acquired its 45% and 55% shares respectively.
In 1971, the Government of India nationalized all the 214 coking-coal mines and 12 coke-ovens running in the private setor, excluding those held by TISCO and IISCO for their captive use. On 1st Jan 1972, a new Government company Bharat Coking Coal Limited (BCCL) was formed to take control of these nationalized mines and coke-ovens. Next year on 30th January 1973, all the remaining 711 non-coking coalmines of the country in private sector were also nationalized. 184 of these mines were handed over to BCCL, and remaining 527 were handed over to a newly opened department Coal Mines Authority. 4 months later on 14th June 1973, this department was converted into a separate Government company CMAL. NCDC, earlier formed in 1957, was merged with CMAL, and 45% share-holding of Central Government in Singareni Collieries Company Ltd was also handed over to CMAL. CMAL started functioning with its 4 divisions, viz, Eastern Coalfields, Central Coalfields, Western Coalfields, and Central Mine Planning & Design Institute.
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