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 and earned a revenue of INR 882.81 billion from sale of coal in the same financial year.As on 30 January 2015,Union Government of India owns 89.65% 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. By 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.
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
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Company Name : Coal India Limited
Qualification : 12th &Any Graduate
Experience : Freshers/Experience
Job Location : Across India
Salary : 24000 - 54000 PM
Last Date : On Going
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