Coal India Ltd.
COAL INDIA LTD.
Introduction
Coal India Limited (CIL), a holding company, was set up on 1st November, 1975 to streamline the working of the coal industry in a manner conducive to more efficient administration and rapid stepping up of coal production. The company has under it seven producing subsidiaries and one planning and design subsidiary. The coal mines in the north eastern region are directly managed by the holding company. Dankuni Coal Complex, a coal carbonisation plant in West Bengal, is also directly under the holding company. The subsidiary companies, with their powers defined in their respective Articles of Association, are responsible for all operational matters. The holding company, CIL, is primarily responsible for establishing corporate objectives and strategies for their achievements, for setting up of targets, monitoring of performance, marketing, raising resources and laying down broad guidelines in important policy matters like marketing, procurement, environmental management, inventory control, etc.
The authorised capital of Coal India Limited as on 31.3.2000 was Rs.8000 crores and paid up capital is Rs.6316.36 crores. Be sides, loan of Rs.904.18 crores had been converted into 10% redeemable preference shares. Government of India makes investments in Coal India Limited either by way of loans or equity. The equity and loan capital of the Company in turn is invested into equity or loan in the wholly owned subsidiary companies of CIL.
VISION STATEMENT
To emerge from the position of domestic leader to leading global player in the energy sector by adopting best practices from mine to market with due care to environmental and social sustenance.
MISSION STATEMENT
Produce the planned quantity of coal efficiently and economically with due regard to safety, conservation & quality.
India’s Energy Scenario & Coal
India is currently among the top three fastest growing economies of the world. As a natural corollary India's
Introduction
Coal India Limited (CIL), a holding company, was set up on 1st November, 1975 to streamline the working of the coal industry in a manner conducive to more efficient administration and rapid stepping up of coal production. The company has under it seven producing subsidiaries and one planning and design subsidiary. The coal mines in the north eastern region are directly managed by the holding company. Dankuni Coal Complex, a coal carbonisation plant in West Bengal, is also directly under the holding company. The subsidiary companies, with their powers defined in their respective Articles of Association, are responsible for all operational matters. The holding company, CIL, is primarily responsible for establishing corporate objectives and strategies for their achievements, for setting up of targets, monitoring of performance, marketing, raising resources and laying down broad guidelines in important policy matters like marketing, procurement, environmental management, inventory control, etc.
The authorised capital of Coal India Limited as on 31.3.2000 was Rs.8000 crores and paid up capital is Rs.6316.36 crores. Be sides, loan of Rs.904.18 crores had been converted into 10% redeemable preference shares. Government of India makes investments in Coal India Limited either by way of loans or equity. The equity and loan capital of the Company in turn is invested into equity or loan in the wholly owned subsidiary companies of CIL.
VISION STATEMENT
To emerge from the position of domestic leader to leading global player in the energy sector by adopting best practices from mine to market with due care to environmental and social sustenance.
MISSION STATEMENT
Produce the planned quantity of coal efficiently and economically with due regard to safety, conservation & quality.
India’s Energy Scenario & Coal
India is currently among the top three fastest growing economies of the world. As a natural corollary India's