Coal India Limited, along with its subsidiaries, carries out production and sale of coal nationally and internationally. The company is responsible for providing coking coal, which finds great use in the metallurgical and steel making industry. It also secondarily manufactures hard coking coal and semi coking coal that finds application in merchant coke manufacturing, blend-able fuel used in steel manufacturing and other metallurgical segments in the industry.
Coal India Ltd also carries on the production of non-coking coal used as thermal standard coal in the power generation sector, glass, paper, cement, chemical, and fertilizer, ceramic as well as in manufacturing bricks.
Besides, it offers products like soft pitches, tar, thin and heavy oil which are mainly used in boilers and furnaces in industrial plants apart from other industries like dye, pharmaceutical, powerhouses, and oil. The company was incorporated in 1973 and was formerly known as Coal Mines Authority Ltd which was later changed to its current name in November in 1975. The company is based in Kolkata, India.
About Company Information:
The company also provides the rejects of the mining and manufacturing process for use in bed combustion boilers used in power generation, briquette making, road repairing and landfilling, among others. Coal India Limited also produces coke for use in furnaces for industrial units and domestic fuels used by small retail businesses etc.
Coal India Ltd is the largest company for coal production in the world. It is also one of the largest corporate employers in the world. As on the 1st of April, 2017 it operates in a total of 82 mining facilities in eight Indian provincial states. Central Mine Planning besides Design Institute Ltd, Eastern Coalfields Ltd, Western Coalfields Ltd, Bharat Coking Coal Ltd, and Central Coalfields Ltd became the subsidiaries of the company.
Between 1979 and 1980, a low carbonized plant was constructed and started in Dankuni Coal Complex. Between 1980 and 1981, five new washeries were been built by Coal India Limited, named as Kedley washery, Moonidih Washery, Mohuda Washery, Ramgarh Washery, and Barora Washery. Two principal subsidiaries of the company were formed for the management of mines. These two subsidiaries were South Eastern Coalfields Ltd, and Northern Coalfields Ltd was established from 1985 to 1986 for the management of mines under CCL and WCL.
Between the periods of 1987-1988, the company introduced a new method at the East Katras mine, which was under BCCL and an ECL mine in Chora. This new method was known as Blasting Gallery Method.
From 2009 to 10, the company converted to a public ltd company. The company established a foreign subsidiary going by the name of Coal India Africana Limitada in Mozambique.
Allying with the company along with GAIL (India) Ltd, Fertilizer Corporation of India Ltd (FCIL) and Rashtriya Chemical Fertilizers Ltd (RCF) the company entered a JV on the 27th of October, 2015. This was done to incorporate Rashtriya Coal Gas Fertilisers Ltd which was to form and start operations in a new coal gasification unit at Talcher. This incorporation was to be brought about at the Ammonia Urea Complex, power plant and all associated units located at Talcher for FCIL to be able to market all the goods produced.
The Board of Directors for Coal India Limited approved an increase in coal price with effect from 30th of May, 2016 at a rate of 6.29%. This was to be made applicable for all the subsidiaries of the company as well as NEC for both un-regulated and regulated sectors.
On the 28th of June in 2016, Coal India Limited (CIL) along with Solar Energy Corp. of India Ltd. agreed and signed to implement 200 MW solar power projects in Madhya Pradesh. This was decided upon to benefit from solar power use for the South Eastern and Northern Coalfields Ltd, and the cost estimated for each amounted to Rs. 650 crore.
How Coal India Ltd is categorized as Mining Sector and Mining/ Minerals Industry:
The Mining sector has a significant number of companies located around the world and operates with large revenues. It comprises of companies that are involved in finding the location and extraction of mineral reserves around the world. It also includes numerous other industries such as equipment manufacture, environmental testing, and metallurgy analysis which are primarily used in oil and gas extraction, metal ore mining, coal mining, nonmetallic mineral mining, quarrying, and mining support activities.
Coal India Ltd is categorized as Mining Sector and Mining/ Minerals Industry. The metal and mining industry is dedicated to finding and extracting the global reserves of minerals and metals which are used in jewellery making, investments and industrial application
Coal India Ltd, Competitors and Sector Peers:
Ashapura Minechem Ltd. ASHAMI
ASI Industries Ltd. ASSSTO
Deccan Gold Mines Ltd. DECGOL
Foundry Fuel Products Ltd. FOUFUE
Greenearth Resources and Projects Ltd. AUSCOK
Gujarat Mineral Development Corporation Ltd. GUJMIN
Gujarat NRE Coke Ltd. GUJANR
Jay Energy and S. Energies Ltd. JAYENE
Kabra Commercial Ltd. KABCOM
Kachchh Minerals Ltd. KACMIN
Moryo Industries Ltd. MORYIN
Orissa Minerals Development Company Ltd. ORIMIN
Presha Metallurgical Ltd. JALMET
Rain Calcining Ltd. RAICAL
Raw Edge Industrial Solutions Ltd. RAWEDG
Resurgere Mines & Minerals India Ltd. RESMIN
Sandur Manganese & Iron Ores Ltd. SANMAN
Shirpur Gold Refinery Ltd. SHIGOL
Southern Fuel Ltd. SOUFUE
SVC Resources Ltd. PACELE
Central ministries, Assam govt to discuss coal mining resumption next monthThe Economic TimesNewsBotJun 18 3:11 AM
Buy Coal India, target price Rs 185: Motilal OswalThe Economic TimesNewsBotJun 16 4:11 AM
Buy Coal India, target price Rs 234: ICICI SecuritiesThe Economic TimesNewsBotJun 14 2:51 AM
Buy Coal India, target price Rs 170: Chandan TapariaThe Economic TimesNewsBotJun 7 3:56 AM
Paytm said to move ahead with planned $3b IPOThe Economic TimesNewsBotJun 7 2:21 AM
Buy Coal India, target price Rs 161: Yes SecuritiesThe Economic TimesNewsBotJun 6 6:51 AM
Day trading guide: 2 stock recommendationsThe Economic TimesNewsBotJun 5 10:01 AM
TaMo, CIL among 5 stocks Kunal Bothra is betting on nowThe Economic TimesNewsBotJun 2 3:26 AM
Buy Coal India, target price Rs 180: Motilal OswalThe Economic TimesNewsBotJun 1 1:26 AM
CIL's coal offtake jumps 38 per cent to 55 million tonnes in MayThe Economic Times