Coal India Ltd, the single largest coal producer in the world, was founded in November 1975.
Image: company website
The company is headquartered in Kolkata, West Bengal and contributes to around 81.1% of domestic coal production. The state-owned enterprise, under the Ministry of Coal, was awarded the Maharatna status in April 2011 for its excellent performance since many years.
CIL is currently headed by Mr. Sutirtha Bhattacharya, the present Chairman and Managing Director, and has more than 3.33 lakh employees.
While CIL has faced a lot of criticism in the past regarding operating around 240 mines without environment clearance through its 7 coal producing subsidiaries (existing before 1994), the company firmly believes in the concept of sustainable development and thus have planted over 82 million trees as per their 2014-15 Annual Report. In financial year 2015-16, Coal India Ltd recorded a revenue of INR 78010.12 crore and a PAT of INR 14274.29 crore. . The company has recently signed a Joint Venture Agreement (JVA), to set up a JV company with National Thermal Power Corporation Limited with 50:50 equity participation, for reviving the Fertilizer Plants at Bihar (Sindri) and UP (Gorakhpur) of Fertilizer Corporation of India Limited (FCIL).
CIL has received several awards since its inception, most recent being, “Fastest Growing Award” by India Today, “Rashtriya Khel Purotsahan Puruskar 2015” for its contribution towards sports through its Corporate Social Responsibility activities and “Indira Gandhi Rajhbhasha Shield” for successfully implementing the Official Language Policy by the Government. With its vision “To emerge as a global player in the primary energy sector committed to provide energy security to the country by attaining environmentally & socially sustainable growth through best practices from mine to market”, Coal India Limited is bound to achieve greater heights in the future.