Coal India Limited (CIL)

15 Nov 2024 15:40:19 pm

Tags : Coal India Limited (CIL)

Topic: Public Sector Undertakings

Why in the news?

Continuing to meet India’s coal requirement and bolstering the energy sector, the state owned Coal India Limited (CIL) stepped into its 50th year of inception on 1st November 2024.
From 89 Million Tonne (MT) production during 1975-76, the year CIL was formed, the Maharatna coal behemoth under the Ministry of Coal ended FY 2024 with 773.6 MT output – an 8.7 fold growth. With 80% of its entire supplies directed to coal based power plants at highly competitive rates CIL plays a key role in enabling the citizens to get power at a just price.

Source: PIB

About Coal India Limited (CIL):

It is an Indian public sector undertaking and the largest government-owned coal producer in the world.
It came into being on 1st November 1975 as an apex holding company of the nationalized coking coal (1971) and non-coking mines (1973).
It works under the administrative control of the Ministry of Coal, Government of India.
It is headquartered in Kolkata.
It accounts for around 82% of the total coal production in India.
It was conferred the Maharatna status by the Government of India in 2011, making it one of the seven with that status.
As of October 2015, CIL is a PSU owned by the Central Government of India which controls its operations through the Ministry of Coal.
It ranks 8th among the top 20 firms responsible for a third of all global carbon emissions.