Directors' Report
Dear Stakeholders,
Your Directors' are delighted to present the 50th Directors Report,
alongside the Annual Standalone and Consolidated Financial Statements of Coal India
Limited for the fiscal year concluded on 31st March 2024.
Your Company, on its part, has been maintaining the pace of capital spending and
project execution, scaling its production, and optimizing operating costs to improve the
value proposition for all stakeholders while looking for cleaner ways of doing its
business.
In the coming years, CILaims to enhance value by integrating all green and emerging
business opportunities while maximizing the potential of the high-growth coal sector
through the exploration of diverse options and to achieve Net Zero target.
1. State of Company Affairs- Snapshots of FY 2023-24
The fiscal year 2023-24 has marked a period of notable accomplishments for your
Company, characterized by comprehensive performance. The key highlights of achievements
during the financial year (FY) 2023-24 are outlined as follows:
Inthefiscal year2023-24,there wasa record-breaking coal excavation of 773.647
million tonnes, marking a 10% increase over the corresponding previous period, the highest
since inception.
Whopping coal off-take of 753.52 MTs in 2023-24 against the previous year of
694.689 MT.
CIL recorded an Overburden Removal (OBR) of 1,964.144 M .CuM during the fiscal
year in comparison to the corresponding period of 1658.627 M.CuM which is 18% higher.
All time high CAPEX of Rs.23475.41 Crores in FY2023- 24, scaling a 42% increase
over the targeted amount of Rs.16,500 Crores.
Exchequer contribution of Rs.60,198 Crores against Rs.56,524 Crores of FY
2022-23.
Procurement via GeM (Goods & Services) rose to Rs.99,305.38 Crores in FY
2023-24, up from Rs.3,236.97 Crores in FY 2022-23.
CIL has bagged 300 MW of Solar Project of Gujrat Urja Vikas Nigam Limited and
project shall be set up in Gujrat Industrial Power Corporation Limited (GIPCL)'s Solar
Park at Khavda Gujarat.
CIL entered into a Memorandum of Understanding (MoU) with Rajasthan Rajya Vidyut
Utpadan Nigam Limited (RRVUNL) to investigate potential initiatives totaling up to 4100
MW, incorporating a combination of renewable and thermal projects.
On February 15, 2024, CIL inked a Memorandum of Understanding (MoU) with Flaryana Power
Purchase Centre (HPPC) for the provision of 800 MW of power from CIL's MBPL project to
Flaryana Discoms under Section-62 of the Electricity Act, 2003. The aim of the MoU is to
formalize and delineate the fundamental framework for discussions regarding the power
purchase agreement.
y Government of India approved equity investment for establishing:
1 x660 MW Thermal Power Plant through JV of SECL and MPPGCL.
2x800 MW Thermal Power Plant through MBPL.
Coal-to-SNG (Synthetic Natural Gas) Project at ECL command area through a JV of
CIL& GAIL.
Coal-to-Ammonium Nitrate Project at MCL command area through a JV of CIL &
BFIEL
S Hon'ble Prime Minister inaugurated 8 First Mile Connectivity Projects (FMC) of
Subsidiary Companies as under:-
CCL- North Urimari
SECL-Dipika, Chhal & Baroud
NCL- Jayant and Duclhichua
MCL-Bhubaneswari and Lajkura
y During FY 2023-24, CIL has planted saplings on an area of 2167.61 H.a. and registered
1600 H.a. land under Green Credit Programme.
Increase in CSR expenses booked in FY23-24 by 12% (H 68 Crores) vis-a-vis FY 22-23.
In the financial year 2023-24, MCL (Mahanadi Coalfields Limited) achieved the
milestone of becoming the top coal-producing subsidiary, surpassing 200 million tonnes for
the first time.
Market Capitalization of CIL achieved a new scale of Rs. 3.25 trillion on 3rd
June,2024.
Incorporation of a new Subsidiary Company named Bharat Coal Gasification and
Chemicals Ltd., in collaboration with BHEL, with CILholding a 51% stake.
A BRIEF OVERVIEW OF OUR COMPANY
Coal India Limited (CIL), classified as a Maharatna enterprise under the Ministry of
Coal, Government of India, has its headquarters situated in Kolkata, West Bengal. It holds
the title of the largest coal producer globally. Across eight Indian states, CIL operates
in 84 mining areas, managing a total of 313 working mines, consisting of 131 underground,
168 opencast, and 14 mixed mines. CIL possesses twelve subsidiary companies namely:
Eastern Coalfields Limited (ECL)
Bharat Coking Coal Limited (BCCL)
Central Coalfields Limited (CCL)
Western Coalfields Limited (WCL)
South Eastern Coalfields Limited (SECL)
Northern Coalfields Limited (NCL)
Mahanadi Coalfields Limited (MCL)
Central Mine Planning & Design Institute Limited (CMPDIL)
CIL Navikarniya Urja Limited.
CIL Solar PV Limited.
Coal India Africana Limitada (CIAL).
Bharat Coal Gasification and Chemicals Ltd Furthermore, CIL has five Joint
Venture companies:
Hindustan Urvarak & Rasayan Limited,
Talcher Fertilizers Ltd.,
CIL NTPC Urja Pvt. Ltd.,
Coal Lignite Urja Vikas Private Limited
International Coal Venture Private Limited.
CIL directly oversees the management of the mines in Assam, specifically North Eastern
Coalfields (NEC).
Performance of Subsidiary Companies in Brief
Mahanadi Coalfields Limited (MCL) was incorporated on 03.04.1992 having its
registered office at Jagruti Vihar Burla, Sambalpur, Odisha 768020. It is engaged in
production of Coal of Grade G-7 to G-16. Currently, there are 3 Underground and 15
Opencast mines. In the current financial year, MCL produced 206.10 MX of coal (P.Y. 193.26
MT) with an offtake of 199.02 MT (P.Y. 192.75 MT). The Profit Before Tax of the Company is
Rs. 15589.92 crores against previous year (restated) of Rs.18789.28 Crores.
Northern Coalfields Limited was incorporated on 28" November 1985 having
its registered office at Singrauli, Madhya Pradesh. It is engaged in production of Coal of
Grade Rs.to 1 3. Currently there are 10 opencast mines. In the financial year 2023-24, NCL
produced 136.15 M.T. of coal (P.Y. 131.1 7) with an offtake of 137.63 MT (PY 133.51). The
Profit Before Tax of the Company is Rs. 10843.63 crores against previous year of Rs.
9506.86 Crores (restated).
South Eastern Coalfields Limited (SECL) was incorporated on 28.11.1985 having
its registered office at Seepat Road, PO. Biiaspur Chhattisgarh-495006. It is engaged in
Coal production of different Grades. Currently there are 41 Underground and 18 Opencast
mines. In the financial year 2023-24 the company has produced coal of 187.38 MT (previous
year 167.01 MT), with an offtake of 180.60 MT (previous year 160.03 MT). The Profit Before
Tax (PBT) of the Company is Rs. 9,047.98 Crore against previous year (restated) of Rs.
5,210.90 Crore.
Eastern Coalfields Limited, was incorporated on 01.11.1975 having its registered
office in Dishergarh, Paschim Bardhhaman, Pin-713 333, West Bengal. It is engaged in
production of Coal of Grade G3 to G13 Currently there are 47 Underground, 22 Opencast
mines and 10 mixed mines. In the current financial year, 2023-24 produced coal of 47.56
M.T. (P.Y. 35.018) with an offtake of 43.75 MT (PY 35.510). The Profit Before Tax of the
Company is Rs. 213.49 crores against previous year (restated) of Rs. 1280.42 Crores.
Central Coalfields Limited (CCL) was incorporated on 05.09.1956 having its
registered office in Darbhanga House, Ranchi, Jharkhand-834029. It is engaged in
production of Coal of different Grade of Coking and Non-Coking. Currently there are 11
Underground and
42 Opencast mines in operation at CCL. In the current financial year. Central
Coalfields Limited produced 86.054 MT of coal (Previous year 76.087 MT) with an offtake of
82.91 MT (Previous year 75.02 MT). The Profit Before Tax of the Company is Rs. 4729.90
crores against previous year (restated) of Rs. 4601.17 Crores.
Bharat Coking Coal Limited (BCCL) was incorporated on 01.01.1972 having its
registered office at Koyla Bhawan, Koyla Nagar, Dhanbad, Jharkhand-826005. It is engaged
in production of Coal of Coking, Non- Coking and Semi-Coking Grade. Currently there are 4
Underground, 25 Opencast mines and 3 mixed mines. In the current financial year i.e.,
2023-24, BCCL produced 41.096 MT of coal (P.Y. 36.18 MT) with an offtake of 39.19 MT (PY
35.53 MT). The Profit Before Tax of the Company is Rs. 2,091.67 crores against previous
year (restated) of Rs. 530.19 Crores.
Western Coalfields Limited (WCL) was incorporated on 29.10.1975 having its
registered office at Coal Estate, Civil Lines, Nagpur - 440001. It is engaged in
production of G-10 grade Coal predominantly. Currently there are 25 Underground, 35
Opencast and 1 mixed mines. In the current financial year, WCL produced 69.113 MT of coal
(P.Y 64.283 MT) with an offtake of 70.24 MT (PY 62.15 MT). The Profit Before Tax of the
Company is Rs. 4181.67 crores against previous year of Rs. 2161.34 Crores (Restated).
Central Mine Planning & Design Institute Limited was incorporated on
01.11.1975 having its Registered Office atGonciwana Place, Kanke Road, Ranchi,
Jharkhand-834031. It is engaged in providing consultancy services to Coal India Limited
and its subsidiaries and other clients. The Profit Before Tax of the company (F.Y.2023-24)
is Rs.732.84 Crores against previous year (restated) of Rs.366.95 Crores.
North Eastern Coalfields which is has one OC Mines.
2. FI NAN Cl AL PERFORMANCE
2.1 Financial Results (ClL Consolidated)
During the Financial Year 2023-24, your company has recorded a total Profit Before Tax
of Rs.48,812.61 Crores and a Profit After Tax of Rs.37,369.13 Crores. This marks an
increase from the figures of Rs.43,274.60 Crores and Rs.31,722.98 Crores respectively as
reported in the previous fiscal year of 2022-23. Further details regarding pre-tax profits
for each subsidiary can be found in Annexure 1.
Performance Review
Below is a table depicting the comparative performance highlights of Coal India Limited
(Consolidated) for the Financial Year 2023-24 in contrast to the preceding year.
1 Particulars |
2023-24 |
2022-23 |
|
|
(Restated) |
Production of Coal (in million tonnes) |
773.647 |
703.204 |
Off-take of Coal (in million tonnes) |
753.520 |
694.689 |
Sales (Gross) (7/Crores) |
193907.10 |
187455.57 |
Profit Before Tax (7/Crores) |
48,812.61 |
43,274.60 |
Profit for the Year (7/Crores) |
37,369.13 |
31,722.98 |
Total Comprehensive Income for the period (7/Crores) |
36,953.68 |
31,987.61 |
Earnings Per Share (7) (Face Value of Rs.10 per share) |
60.69 |
51.54 |
Dividend per Share (7)*(Face Value of Rs.1 0 per share) |
25.50 |
24.25 |
Return on Average Capital Employed (%) |
27.30% |
28.21% |
Return on Average Net Worth (%) |
52.07% |
61.04% |
Capital Employed (7/Crores) |
1,76,399.72 |
1,53,657.24 |
Net Worth (7/Crores) |
82,710.91 |
60,822.80 |
* Dividend per share includes Final Dividend and Interim Dividend for FY 2023-24,
final dividend of Rs.5.00 per share is subject to approval of shareholders in AGM,
Transfer to Reserves
General Reserves:
In the fiscal year 2023-24, an amount of Rs.1,415.27 Crore (compared to Rs.1,326.58
Crore in the previous year) was allocated to General Reserves from CIL Consolidated
profits.
Capital Reserves:
The Capital Reserve comprises the variance between investments in subsidiaries and
their share capital, recognized upon consolidation for the issuance of bonus shares by
subsidiary companies. In the fiscal year 2023- 24, MCL, NCL, and CCL issued bonus shares
amounting to Rs.3,494.65 crore, utilizing Rs.96.15 crore from the capital redemption
reserve and the remaining Rs.3,398.50 crore from the General Reserves.
In case of Central Mine Planning & Design Institute Limited (CMPDIL), Grant / Funds
received under S&T, PRE, EMSC, CCDA etc. as an implementing agency and used for
creation of assets are treated as Capital Reserve and depreciation thereon isdebitedto
Capital ReserveAccount. The ownership of the asset created through grants lies with the
authority from whom the grant is received. The balance of grants as on 31st
March, 2024 and 31st March, 2023 is Rs.18.87 crore and Rs.20.13 crore
respectively.
2.2 Dividend Income and Pay Outs
The company maintains a pattern of boosting its dividend payouts, thereby providing
greater rewards to its shareholders with each passing year.
In the Financial Year 2023-24, CIL distributed interim dividends twice, amounting to
Rs.20.50 (7 15.25 + Rs.5.25) per equity share. Additionally, the Company's Board of
Directors has proposed a final dividend of Rs.5.00 per equity share for the same financial
year on May 2nd, 2024, subject to approval from shareholders at the Annual
General Meeting (AGM). Consequently, the total dividend forthe yearstands at Rs.
25.50 per share, calculated against the face value of Rs.10 each, equating to 255% of the
face value. The Dividend Percentage for the last five year is given below:
Years |
Dividend per eq. share (Rs. Per share) |
Dividend (%) |
2018-19 |
13.10 |
131 |
2019-20 |
12.00 |
120 |
2020-21 |
16.00 |
160 |
2021-22 |
17.00 |
170 |
2022-23 |
24.25 |
242.5 |
2023-24 |
25.50 |
255 |
Details of subsidiary wise dividend income received is given in Annexure 2.
2.3 Supplementary Audit of Financial Statements by Comptroller and Auditor General of
India (C&AG).
The comments of C&AG on supplementary audit under Section 143 (6)(b) [and also read
with Section 129 (4)] of the Companies Act, 2013 of Standalone and Consolidated Financial
Statements for the Financial Year 2023-24 is enclosed as Annexure 3 along with
Management explanation.
2.4 Management Explanation on Statutory Auditor's Report
The Statutory Auditors of the company have given an unqualified report [Annexure
3(A) and Annexure 4] on the Standalone Financial Statements and Consolidated Financial
Statements respectively of the company for the financial year 2023-24. However, they have
highlighted certain matters under the "Emphasis of Matters" section.
The emphasis of Matter paragraph point no. (i) of the audit report on Standalone
Financial Statements and points (a) and (b) of consolidated Financial Statements, are
explained as under -
Regarding carrying forward of the input tax credit on GST, the matter has been
adequately explained in note 6.2.4 of Standalone Financial Statements and Consolidated
Financial Statements.
Regarding material accounting policy related to Stripping Activity, the matter has been
adequately explained in note 9.1.2 and 16.8 of Consolidated Financial Statements.
3. COAL MARKETING
3.1 Sale of Coal
In the fiscal year 2023-24, the raw coal off-take reached its peak at 753.52
Million Tonnes (MT), surpassing the 694.68 MT figure from 2022-23. This marks an 8.5%
growth over the previous year, setting new records for off-take and wagon loading
performance. Company-wise target vis-a- vis actual off-take for 2023-24 and 2022-23 are as
shown in Annexure-5.
Several constraints hampered coal dispatches in 2023-24, which can be outlined
as follows:
Constraints in availability of rakes especially in Mahanadi Coalfields Limited
(MCL) and South Eastern Coalfields Limited (SECL).
Production constraints at Rajmahal mine of Eastern Coalfields Limited (ECL) due
to land acquisition issues resulting in less coal dispatch during H1 of FY24.
Sporadic law and order issues at some of the coalfields especially at MCL, CCL
& BCCL.
Strike at Basundhara field during July'23 for nearly the entire month, which
hampered coal despatch from MCL.
About 619.7 MT of coal was dispatched to the primary consumer, the power sector.
The sector-wise breakdown of coal and coal product dispatches for 2023-24 against the
target and last year's actual is as given in Annexure-6.
Single Window Mode agnostic e-auction policy has been implemented across coal
companies from 01.03.2023. Presently, all e-auctions are being conducted on in-house
CMPDIL-NIC portal. Based on customer feedback, necessary amendments in the auction
process/scheme are being carried out to make it more user friendly.
During FY'24, a total quantity of 84.4 MT was successfully allocated under
e-auction compared to 53.4 MT during FY'23. The premium over floor price stood at 72%
during FY'24 compared to 252% premium fetched in FY'23.
3.2 Long term demand creation
Additional long-term demand is stimulated through linkages offered within the
following schemes :
Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India
(SHAKTI), for Power Sector notified by the government on 22.5.2017 and subsequently
amended vide MOC letter dated 25.03.2019.
Auction of coal linkages to Non- Regulated Sector (NRS) notified by the
Government on 15.2.2016.
SHAKTI
SHAKTI Policy contains provisions for coal supply to various categories of power plants
fulfilling different criteria.
Until 2022-23, Ministry of Coal (MoC) had recommended for signing of FSA with 9 Thermal
Power Plants (TPPs) under the provisions of Para A(i) of SHAKTI for an Annual Contracted
Quantity of 32.3 MT and FSAs have been signed with 8 TPPs for the ACQ of 31.2 MT, within
the outer timeline stipulated in SHAKTI policy i.e. 31.3.2022. Also, on the recommendation
of SLC (LT), FSAs have been signed under the provisions of Para B(i) of SHAKTI with 14
Central/State Gencos TPPs for 13400 MW for an ACQ of 56.9 as on 31.3.2024.
In the fiscal year 2023-24, the sixth round of the SHAKTI B (ii) long-term linkage
auction was carried out, resulting in the successful allocation of 2.7 MT at a levelized
discount in tariff varying between 12-19 paise/PPA unit (kWh). Till date, across the six
auction rounds, power plants have been allocated linkages totaling 38.9 MT. The levelized
discounts in tariff offered by the power plants in these six rounds of auctions range from
1 p/kWh to 19 p/kWh.
During FY 23-24, fifth round of SFIAKTI B (iii) long/medium term linkage auction was
conducted wherein a quantity of 6.6 MT was booked by the successful bidders at an average
premium of 5% over the notified price. In the five rounds of the auction, conducted till
date, linkages of about 29 MT have been booked by the power plants.
During 2023-24, under SFIAKTI B(iv), LOA for 4.9 MT was issued for contracted capacity
of 1230 MW as per bidding of Madhya Pradesh. FSA for 1.5 MT for 293 MW has been signed
with successful bidder as per the tariff based bidding conducted by Gujarat.
Coal linkage for quantity of about 24 MT was earmarked from Coal India Limited for a
capacity of 4500 MW under SFIAKTI B(v). As per tariff based bidding undertaken by
MoP/agency, 8.9 MT have been booked by the bidders in FY 2023-24. FSAs for 1.4 MT have
been signed till 31.03.2024 and FSA signing for the remaining quantity is under progress.
Further, under para B (viii-a) covering para B (iii) of SFIAKTI policy four tranches of
short-term linkage auctions were conducted during FY 23-24 wherein a total of about 21 MT
quantity was booked by the power plants with average premium of 40% over the notified
price.
Auction of coal linkages to Non-Regulated Sector (NRS)
Tranche VI NRS linkage auction which commenced during Feb'23 was completed during FY'24
wherein against an offer of 32.9 MT a quantity of 26.7 MT was booked by the successful
bidders at an average premium of 78%.
Tranche VII NRS linkage auction commenced during Dec'23 and till March'23 auction for
Sponge Iron, Cement & CPP subsector were completed wherein against an offer of 20.3 MT
a quantity of 12.6 MT was booked at an average premium of 21 %.
New Development under NRS linkage auction:
Execution of post bid activities including signing of FSA is being done through
electronic/ digital mode.
Tenure of FSA increased to 10 years from present level of 5 years for all
subsectors to ensure sustained supply of coal.
3.3 Long term demand committed through FSAs:
Considering the FSAs executed earlier with the power plants under the provisions of
NCDP and the FSAs executed under various provisions of SFIAKTI, the operative linkage for
a total quantity of about 583.4 MTPA exists with the Power Sector as on 31.3.2024, which
is bound by long term supply commitments through FSAs excluding bridge linkage
commitments. The operative bridge linkage commitments towards power sector stood at 11.8
MTPA as on 31.03.2024, where coal supply is based on best effort basis.
The total FSA commitments for Non-Power consumers including the FSAs of erstwhile
regime, bridge linkage and State Nominated Agencies stood at 103.4 MTPA as on 31.03.2024.
3.4 Consumer satisfaction
3.4.1 Quality Management
To boost customer satisfaction, particular attention has been dedicated to quality
management of coal from the mine to the dispatch point.
To address the concerns of consumers (power Utilities) regarding coal quality, Standard
Operating Procedure (SOP) for Third Party Sampling was introduced in 2015. Guidelines on
Third Party Sampling at the loading end - Standard Operating Procedure were issued on
26.11.201 5. As per the policy, an independent Third Party Agency appointed by CIMFR by a
transparent process for undertaking the work of sampling and analysis, of coal at the
loading end on behalf of both the power plant (consumer) and the coal companies
(supplier). CIMFR had also been permitted for undertaking of sampling and analysis of coal
at unloading / receipt end bytheThermal Power Plants. The progress of the Third Party
Sampling is being reviewed jointly by Joint Secretary (Coal) and Joint Secretary
(Thermal).
Third Party sampling has also been extended to Non- Power consumers taking coal under
different FSAs and e-auction on optional basis.
CIMFR has discontinued Third-Party sampling activities w.e.f 11.11.2023.
On behalf of MOP, PFC has conducted two rounds of tender for empanelment of Third Party
Sampling agencies and 01 Third party sampling agency during the first round and 10 Third
Party Sampling agencies during the second round have been empanelled by PFCL.
Consumers would be free to take services of any of the empanelled Third Party Sampling
Agencies.
At present, 12 Third-Party sampling agencies are empanelled to undertake the job of
third-party sampling. The list of the Agencies is as under:
Inspectorate Griffith India P Ltd
Quality Service Solution P Ltd
Quality Austria Central Asia P Ltd
Cotecna Inspection India P Ltd
KCS Quality Inspection P Ltd
Ravi Energie P Ltd
Mitra SK India P Ltd
Superintendence Company of India P Ltd
Therapeutics Chemical Research Corporation
Dr. Amin Controllers P Ltd
SGS India P Ltd (empanelled by CIL)
QCI
As a result of conscious and continuous measures taken towards quality maintenance, the
gap between the weighted average of declared and analyzed GCV of coal based on results
received till 27.03.2024 for FY 2023-24 is only 121 Kcal/kg which is well within one GCV
band.
3.4.2 Linkage Rationalization
Linkage rationalization initiatives to reduce the cost of transportation of coal and
cost of generation of power were continued during the year 2023-24 also. Under the ambit
of the linkage rationalization policy notified by the government on 15.5.2018, sources of
linkage for a quantity of 6.7 MTPA for an IPP was rationalized in 2023- 24, yielding an
annual potential savings in transportation cost by about Rs. 580 Crs.
3.5 Coal Beneficiation:
Currently, Cl Lope rates 12 Coal Washeries with a combined operable washing capacity of
29.35 MTY. Among these, 10 are dedicated to coking coal, while the remaining 2 handle
non-coking coal, with operable capacities of 18.35 MTY and 11 MTY respectively. In the
fiscal year 2023-24, the total washed coal production from the existing coking coal
washers amounted to approximately 2.26 MT, marking a 4.8% growth from 2022-23.
Madhuband Washery (5 MTY) commenced operations on 29.11.2023.
To augment the beneficiation capacity of coking coal, CIL is in the process of
establishing 3 new Washeries in BCCL, with a combined throughput capacity of Rs.MTY. Of
these, 2 are currently under construction (4.5 MTY). Furthermore, 5 coking coal washers
are being developed in CCL, with a total capacity of 14.5 MTY. Among these, one has
received Letter of Award (LoA), while two have received Letter of Intent (Lois).
CIL is also strategizing to monetize four old washers through asset leasing bundled
with long-term coking coal linkage to Steel companies via auction.
Additionally, CIL is constructing a non-coking coal washery in lb Valley at Lakhanpur
in MCL, with construction completed and expected commissioning by April 2024.
3.6 Stock of Coal
At the conclusion of the Financial Year 2023-24, the coal inventory (excluding
provisions) amounted to Rs. 7,545.95 crore (compared to Rs. 6,105.11 crore in the
preceding year), equivalent to 0.69 months worth net sales (compared to 0.57 months in the
previous year). The specific value of stock held by each company on March 31,2024, and
March 31,2023, is provided in Annexure 7.
3.7 Trade Receivables
Trade Receivables i.e. net dues outstanding as on 31 March 2024, after providing Rs.
3,673.52 crore (previous year Rs. 2,722.13 crore) for expected credit loss, was Rs.
13,255.75 crore (previous year Rs. 13,060.48 crore) which s l Z-.A Rs.rC. ix.agssa.ai Lnr:
is equivalent to 0.82 months Gross Sales of CIL as a whole (previous year 0.84 months).
Subsidiary-wise break-up of Trade Receivables outstanding as on 31 ' March 2024 as against
31st March 2023 are shown in Annexure 8.
3.8. Payment of Royalty, DMF, NMET, GST, CESS 8c others
During the Financial Year 2023-24, CILand its Subsidiaries paid Rs. 60,197.80 crore
towards Royalty, DMF, NMET, GST, CESS & others levies as per details given in Annexure
9.
4. COAL PRODUCTION
Raw coal production and production from underground and opencast mines.
Production of raw coal was 773.647 Mill Te during 2023-24 against 703.204 Mill Te
during 2022-23. Production from Opencast mines during 2023-24 was 96.64% of total raw coal
production.
Subsidiary wise production, production from underground and opencast mines and coking
and noncoking production are given in Annexure 10.
Washed Coal (Coking) Production- Subsidiary- wise production of Washed Coal
(Coking) is given in Annexure 10A.
Overburden Removal- Company-wise overburden removal is disclosed in Annexure
10B.
5. POPULATION OF EQUIPMENT
The Population of Major Opencast Equipment (Fleavy Earth Moving Machinery) as on
01.04.2024 vis-a-vis 01.04.2023 along with their Performance in terms of Availability and
Utilization expressed as percentage of CIL Norms is disclosed in Annexure 11.
About 381 nos. of old and outlived major FIEMM have been surveyed-off and 46 Shovels,
166 Dumpers, 44 Dozers, 9 Drills and 11 Surface Miners werecommissioned during 2023-24.
In the Financial year 2024-25, CIL is planning to procure Fligh Capacity Equipment of
more than Rs.3700 Crores for enhanced coal production target in the coming years.
6. CAPACITY UTILIZATION
During 2023-24, total volume of coal and overburden handled by CIL was about 2444 M.
Cum. The overall system capacity utilization of CIL thus worked out to be about 93.78%.
This is a new high for CIL and surpassing the coveted 90% capacity utilization was a
laudable achievement. While the UG capacity utilization was 85.60%, the OC capacity
utilization was 93.84%.
7. STATUS OF PROJECT IMPLEMENTATION
PROJECT FORMULATION
7.1 Project Implementation:
a) Projects Completed During the year 2023-24:
One coal mining project with sanctioned capacity of 20 Mty and sanctioned capital of
Rs. 1783.09 Crores was completed during the year 2023-24. Details given in Annexure 13.
b) Project started Production during the Year 2023-24:
04 projects have started coal production during the year 2023-24. Details given in Annexure-13.
c) Status of Ongoing Projects (Costing Rs. 20 Crores & above):
As of 31.03.2024, 119 coal projects with a sanctioned capacity of 896 Mty and
sanctioned capital of Rs. 133576 Crores are in different stages of implementation, out of
which 78 Projects are on schedule and 41 Projects are delayed. The primary causes for the
delay in executing these projects include delays in obtaining Forest Clearance (FC),
acquiring land possession, and encountering issues concerning Resettlement and
Rehabilitation (R&R).
7.2 Projects Sanctioned (Costing Rs. 20 Crores & above):
a) PR/UCE/RPR/RCE sanctioned by CIL Board & Subsidiary Board during 2023-24:
16 coal mining projects having a total capacity of 170.46 MT/Y (incremental Capacity -
85.66 MT/Y) with total sanctioned capital of Rs. 27,087.69 Crore were approved in FY
2023-24.Details are given in Annexure 13.
b) Non-Mining Projectssanctioned by CIL&Subsidiary Board during 2023-24:
5 Non-Mining projects with a sanctioned capital of Rs. 1545.24 Crores were approved
during 2023-24. Details are given in Annexure 13.
7.3 Key Strategies:
Strategies for Coal Evacuation:
The company had implemented the following strategies for the development of coal
evacuation infrastructure:
First Mile Connectivity (FMC) Projects:
CIL's flagship initiative, the 'First Mile Connectivity Projects,' encompasses 75
identified projects with a combined capacity of 837.5 MTPA, requiring an estimated
investment of approximately Rs. 24,750 crore for implementation across four phases. These
projects aim to enhance the mechanized coal transportation and loading system.
In the first phase, 35 FMC Projects with a capacity of 414.5 MTPA were planned, with a
capital investment of Rs. 10,750 crore. As of now, 15 FMC Projects with a capacity of
200.5 MTPA have been commissioned, while construction is underway for 18 projects totaling
182 MTPA. Phase-I projects are expected to be completed by FY 24-25.
Moving to the second phase, 9 FMC Projects with a capacity of 57 MTPA are planned,
requiring an investment of approximately Rs. 2,500 crore. Construction has commenced for
Rs.projects with a capacity of 34.5 MTPA, while the remaining 2 projects are in different
stages of formulation and approval. Phase-ll projects are targeted for completion by FY
25-26.
In the third phase, 1 Rs.projects with a total capacity of 292 MTPA have been outlined,
necessitating an investment of around Rs. 11,500 crore. Construction has been finalized
for 1 project and initiated for another, while 2 projects are under the tendering process,
and the rest are in various stages of formulation and approvals. Phase-Ill projects are
projected to conclude by FY 28-29.
Lastly, the fourth phase involves 14 projects with a combined capacity of 74 MTPA, with
an estimated investment of about Rs. 3,000 crore. Currently, 1 project with a capacity of
10 MTPA is under the tendering process, and the remaining projects are progressing through
various stages of formulation and approvals. Phase-IV projects are slated for completion
by FY 29-30.
These FMC Projects are expected to augment mechanized evacuation from 151 MTPA to 988.5
MTPA by FY 29-30. CIL anticipates improvements in coal quality, savings in under-loading
charges, and a positive environmental impact through the implementation of these projects.
7.4 Status of Rail Projects:
CIL identified Rs.Railway Projects for coal evacuation, with 3 funded directly by CIL
on a deposit basis and 4 funded through Joint Ventures (JVs) or Special Purpose Vehicles
(SPVs) by CIL. Here's the status of these projects:Funded by CIL on Deposit Basis:
1) Tori-Shivpur New BG Line: Double line (44.37 KM) was funded by CIL and
commissioned in December, 2019. Tripling of Tor-Shivpur Line has been commissioned and
inaugurated by Hon'ble Prime Minister on 01.03.2024. This line shall facilitate the coal
evacuation of about 100 MTPA from the North Karanpura coalfield of CCL.
2) Jharsuguda -Barpali- Sardega New BG Line:
Single line (52.41 KM) was funded by CIL and commissioned on April, 2018. Doubling of
Jharsuguda-Barpali-Sardega Rail Line has been commissioned and inaugurated by Hon'ble
Prime Minister on 03.02.2024. Construction of loading bulbs at Barpali and flyover complex
at Jharsuguda is underway and targeted to be completed by June'2026. This shall enhance
its evacuation capacity to evacuate about 65 MTPA.
3) Rail Connectivity of Lingaraj SILO with Deulbeda Siding at Talcher Coalfields of
MCL (4.8 KM) to evacuate about 5 MTPA was commissioned in May, 2021.
Funded through JVs/ SPVs by CIL:
1) Mahanadi Coal Rail Ltd (MCRL): Angul- Balram rail link (14.22 Km) in Talcher
coalfield, Odisha was funded by SPV of MCL i.e. MCRL (Mahanadi Coal Rail Ltd) and
commissioned on 14.11.2022. It shall facilitate evacuation of about 15 MTPA coal.
2) Jharkhand Coal Rail Ltd (JCRL): The Shivpur - Kathautia rail connectivity (49.09
KM) is being funded by SPV of CCL i.e. JCRL (Jharkhand Coal Railway Limited). About 25
MTPA coal from the mines of CCL is planned to be evacuated through this line. Construction
of the rail line is underway and the work progress is about 50%. The line is anticipated
to be commissioned by June'2025.
3) a. Chhattisgarh East Rail Ltd (CERL) Phase-1:
East Rail Corridor in the state of Chhattisgarh of 132 Km is being funded by SPV of
SECL i.e. CERL. Main rail corridor between Kharsia to Dharamjaigarh (0-74 KM) was
commissioned on 21st June'2021, spur line between Gharghoda to Bhalumunda
(13.973 KM) was commissioned on 23rd Feb 2022, Chaal feeder line was
commissioned on 19.05.2023 and Baroud feeder line was commissioned on
26.06.2023. The project was inaugurated by Hon'ble Prime Minister on 14.09.2023.
Balance work of spur line between Bhalumunda to Gare Pelma and Durgapur feeder line are in
progress. The overall work progress is about 91%. It shall evacuate around 65 MTPA of coal
and anticipated to be commissioned by Dec'2024.
b. Chhattisgarh East Rail Ltd (CERL) Phase-ll:
East Rail Corridor in the state of Chhattisgarh of 62.5 Km, between Dharamjaigarh and
Urga is being funded by SPV of SECL i.e. CERL. The financial closure has been achieved on
28.08.2023. Land acquisition is in advance stage. Total private land (290.689 Ha) has been
acquired and working permission for forest land has also been obtained. The CERL Phase-ll
works are anticipated to be commissioned by Aug'2026.
4) Chhattisgarh East West Rail Ltd (CEWRL): East West Rail Corridor in the state of
Chhattisgarh is being funded by SPV of SECL i.e. CEWRL and under execution between Gevra
Road and Pendra Road of about 135 Km and shall facilitate to evacuate about 65 MTPA of
coal from the mega projects of Korba coalfield. Construction works under execution and
work progress is about 65%. This rail line is anticipated to be commissioned by December,
2024.
7.5 System Improvement in Project Monitoring
CIL is currently executing a variety of projects, ranging across Mining, Washery, Rail,
FMC, Solar Projects etc. In order to ensure smooth implementation of such projects, CIL
has successfully implemented PS Module of SAP ERP and replica of Mine Data Management
System (MDMS) in ERP.
PS Module is a new and integrated Project Monitoring tool that eliminates the need of
the MDMS Portal, MS Project and revolutionizes the way CIL monitors and capture the
project data.
All the Mining & Non-Mining Projects are being created and monitored in PS Module
as per approved SOP of CIL. New projects are centrally released from CIL to ensure
standardisation and Uniformity in their Project structures & reports, resulting in
more structured project monitoring.
CIL & its subsidiaries have completed the migration of information from MDMS to PS
Module since FY 23-24. The summarized information can be accessed through SAP PS Module
& its Dashboard. As on dt. 31.03.2024, there are total no. of 11 9 ongoing mining
projects are being live in ERP PS Module and updated regularly.
The actionable insights from this detailed project information are mapped on ERP
Dashboard on realtime basis to enable expeditious decision making by the senior
management.
SAP PS Module is integrated with all modules of SAP ERP i.e. FICO, MM, PICM etc. and
all the ongoing project expenditure is being done through PS Module. Major features of PS
Module have been given below:
a. Rapid Project Bill Payment Cycle
b. Online Budgeting Control
c. Integrated Project Monitoring
d. Monitoring of Full Project Lifecycle
e. Standardized Project Structure
f. Real-time Dashboard
g. Bilingual Alerts communication in mail
h. Project Issues Monitoring
i. Comprehensive Project Reports available in Excel & PDF
j. Important Document Saving & Retrieval atWBS Level
k. Security & Access Control of Project Data
l. Fiori Web Application for Data entry through Web Browser
m. Integration with National Coal Portal of MoC
7.6 One Billion Coal Production Programme:
Currently, coal stands as the predominant energy source in the domestic market, with
CIL supplying over 80% of the total domestic coal production. Consequently, CIL holds the
responsibility to meet the country's energy demands and significantly influences domestic
energy consumption dynamics. With future domestic demand in mind, CIL has formulated a
strategic production roadmap aimed at achieving a coal production milestone of 1 billion
tons in FY 2025-26. This plan entails optimizing production across all CIL subsidiaries
and delineating various enabling activities necessary to realize this ambitious target.
These activities encompass securing statutory clearances, land acquisition and possession,
ensuring rehabilitation and resettlement (R&R), procuring equipment, and enhancing
evacuation infrastructure such as rail lines and coal handling plants.
8. CONSERVATION OF ENERGY
Conservation of energy always remains a priority area and CIL/Subsidiaries have
extensively exercised various measures towards reduction in specific energy consumption.
8.1 Energy Consumption scenario
Coal Production has increased by 10 % in 2023-24 compared to 2022-23 and there is
increase in OB removal by 312 MM3. Electricity consumption in CIL as a whole in
2023-24 was 4273.61 million units compared to 4598.78 million units in 2022-23, showing a
decrease of 7.61%. Total amount paid towards energy Bill in 2023-24 was Rs. 3633.03 crore
against Rs. 3764.16 crore in 2022-23, a decrease of 3.61%.
In terms of total coal production, specific energy Consumption for CIL as a
whole, during 2023-24 was 5.72 KWh/T as against 6.54 KWh/T during 2022- 23 with an overall
decrease of 14.41%.
In terms of composite production (in M3), Specific Energy Consumption during
2023-24, for CIL as a whole, was 1.76 KWh/m3 vis-a-vis 2.19 KWh/m3 during 2022-23 with an
overall decrease of 24.43%.
8.2 Energy Conservation measures
Below are some notable measures undertaken by CIL/ Subsidiaries for energy
conservation:
A. Energy Efficiency Measures in 2023-24:-
a) Use of LED lights - High wattage luminaries / conventional light fittings
have been replaced with low power consuming LEDs of appropriate wattage in majority of the
places for quarry lighting, UG mine lighting, street lighting, office and other work
places, townships etc., thereby resulting in huge saving in electricity consumption.
1,12,112 LED lights (ECL-2508, MCL-20286, WCL-20821, NCL-31364, BCCL- 9611, SECL-12272,
CCL-14036 & CIL HQ-1214 nos.) of different wattage rating have been installed during
2023-24.
b) Energy Efficient ACs -1968 energy efficient ACs have been replaced /
installed in different subsidiaries of CIL.
c) Super Fans - 43407 high energy efficient super fans have been installed in
different subsidiaries of CIL.
d) E-Vehicles - 151 e-vehicles have been deployed in different subsidiaries of
CIL.
e) Energy Efficient Water Heaters - 402 energy efficient water heaters have been
installed at different places in CIL subsidiaries
f) Energy Efficient Motors - 330 existing old motors have been replaced with
energy efficient motors in different subsidiaries of CIL.
g) Auto Timers in Street Lights - 1316 auto timers have been installed at
different places in CIL subsidiaries.
B. Improvement in Power Factor - Almost all the areas of the subsidiary companies have
maintained Power Factors from 0.90 to 0.99 during 2023-24 by installing capacitor banks of
appropriate KVAR rating. During 2023-24, 20775 KVAR of capacitor banks have been procured
and installed at subsidiaries.
C. Installation of Ground & Roof Mounted Solar Power Plant in different command
areas of CIL:
Additional ground solar capacity added during 2023-24- 70.00 MWp
Additional roof top solar capacity added during 2023-24 - 1.629 MWp
8.3 Solar Energy generation:
CIL possesses approximately 82.68 MW of solar capacity across various subsidiaries,
resulting in the generation of 20.219 million units for internal consumption. CIL has an
ambitious plan of installing 3 GW of renewable energy by 2025-26 and 5 GW by 2029-30 on
pan India.
8.4 Anticipated benefit of Carbon Neutrality due to solar projects & Energy
Efficiency Measures:-
In 2023-24, the implementation of energy efficiency measures resulted in saving
approximately 40.38 million units of electrical energy, contributing to a reduction of
around 33,108tonnesof CO, perannum.
In 2023-24, the total solar energy generated amounted to 202.19 lakh units.
Consequently, this solar energy generation has led to a reduction of approximately 16,580
tonnes of CO emissions per annum.
9. CAPITAL EXPENDITURE
In the Financial Year 2023-24, the overall Capital Expenditure amounted to Rs.
23,475.41 Crores, compared to Rs. 18,619.27 Crores in the previous year. The Capital
Expenditure incurred during 2023-24 represented 142.28% of the Budget Estimate (BE), an
increase from 112.84% in 2022-23. Detailed subsidiary-wise information is provided in Annexure
12.
10. FUTURE OUTLOOK
To fulfill the nation's coal demand and achieve'Atmanirbhar Bharat' (self-reliance)
while reducing unnecessary coal imports, CILaims to increase its production to 1 BT by
2026- 27 from the current level of 773.647 MT. CIL has already identified all necessary
resources, including major projects contributingtothis production goal,and addressed
related issues such as environmental clearances, land acquisition, and transportation
constraints.
With the active support of the Ministry of Coal (MoC) and other stakeholders, CIL is
committed to realizing this 1 BT production plan. However, future production and supply
will be contingent upon demand. The proposed capital expenditure for the fiscal year
2024-25 is set at Rs. 15,500 Crores. Additionally, in line with its investment plan, CIL
intends to allocate a significant portion of funds to diversification projects, including
Solar Power, Thermal Power Plants, Revival of Fertilizer Plants, Surface Coal Gasification
(SCG), and Coal Bed Methane (CBM), during 2024-25.
11. DIVERSIFICATION
A. Diversification into Chemicals & Fertilizers Sector
To bolster the "Food Security of the Nation," CIL partnered with leading
Maharatna and Fertilizer sector CPSEs to form Joint Ventures in 2015 and 2016. These
partnerships aimed to set up a combined total of four (04) state-of-the-art fertilizer
projects spanning Central and Eastern India.
1. Hindustan Urvarak & Rasayan Ltd (a Joint
Venture of CIL, IOCL, NTPC, FCIL and HFCL):
The JVC was mandated for setting up of natural gas based urea projects at
Gorakhpur (UP), Sindri (Jharkhand) and Barauni (Bihar). The Gorakhpur Project started
commercial operation in 2022, whereas the Projects at Barauni and Sindri commenced in
2023.
Gorakhpur plant was dedicated to the nation by Hon'ble Prime Minister of India
in FY 2022-23, whereas the plants at Sindri and Barauni were dedicated in FY 2023-24.
All three plants are running at full load, and producing 4000TPD each. HURL has
recorded a profit of INR 1324.66 crores for the FY 2023-24.
2. Talcher Fertilizers Ltd (a Joint Venture of CIL, GAIL, RCF and FCIL):
The Joint Venture was established to construct a Surface Coal Gasification (SCG)
based integrated urea complex with a capacity of 1.27 MTPA at Talcher, utilizing coal
sourced from the nearby Talcher coalfields. This initiative marks a significant milestone,
paving the way for the coal gasification sector's development in the country. The project
involves gasifying high ash coal blended with pet-coke up to 25% to produce syngas, which
will then be converted into neem- coated urea. Implemented on a partial Lump Sum Turn Key
(LSTK) basis, the project's revised estimated cost stands at T 17,080.69 crore, to be
financed through a debt-equity structure of 60.12:39.88.
Following the recommendations put forth by TFL, the CIL Board approved the
project cost of Rs. 1 7,080.69 Crores in April 2023. Additionally, the Board consented to
augment CIL's equity investment in TFL from the initially sanctioned Rs. 1,184 crores to
the revised requirement of Rs. 2,169.67 crores (? 10%), contingent upon obtaining
approval from the Government of India for equity infusion surpassing the 30% Net Worth
Limit. Subsequently, in February 2024, the Cabinet Committee on Economic Affairs (CCEA)
greenlit CIL's additional equity investment in TFL, surpassing the stipulated ceiling
mandated by the DPE guidelines.
As of March 2024, the project has attained an overall construction progress of
approximately 58% and is projected to commence operations in 2025.
B. Forward Integration into Thermal Power Generation:
1. MBPL (an SPV of MCL): The proposed 2x800 MW (Phase-I) Thermal Power Station in
Odisha is one such potential opportunity that has synergy and syncs well with CIL's
thermal power generation diversification goal. 'Mahanadi Basin Power Ltd' (MBPL) will
implement the proposed project which is envisaged to be a Supercritical Thermal Power
Project. In June-2023, the CIL Board accorded its 'in-principle' approval to the
pre-feasibility studies for setting up of 2x800 MW (Phase-I) Thermal Power Station at a
promising site near Bhedabahal Village, Dist: Sundargarh, Odisha. In this connection, a
Tripartite Agreement (TPA) for execution among IDCO, MBPL and OIPL has been
principally agreed by the three transacting parties for transfer of land to MBPL. MBPL
project would leverage the availability of coal at pit-head from MCL's mines in Odisha to
set-up a successful venture which would cater to the growing demand of power of the
country in the coming future.
The Project has received approvals from CCEA for equity investments beyond the ceiling
mandated by DPE.
To ensure offtake of power, so far CIL has signed a Memorandum of Understanding with
Assam Power Development Company Limited (APDCL) and Elaryana Power Purchase Centre (HPPC)
to facilitate a basic framework for mutual discussion, deliberation on all aspects for
supply of from the Project operated by MBPL on a non-exclusive basis. Discussions are
underway with other States for sale of power from MBPL project.
2. SECL-MPPGCL JV: This is another strategic vertical where Cl Lis planning for
diversification. Through our subsidiary South Eastern Coalfields Limited (SECL), we
envisage to partner with MPPGCLto form a separate JV for setting up the proposed 1 x660 MW
expansion project at the existing premises of Amarkantak Thermal Power Station (ATPS),
Village Chachai, Madhya Pradesh. Coal to the said plant will be supplied from SECL by
means of a fresh linkage (to be applied by JVC). The Project has received approvals from
CCEA for equity investments beyond the ceiling mandated by DPE. Further, the JVA has been
approved by CIL Board and Govt, of MP.
C. Forward Integration into Coal-to-Chemical Projects:
Coal gasification has the potential to generate various energy, chemical, and
petrochemical products, many of which are currently imported. Given the ample coal
resources within the country, the Government of India has opted to actively encourage coal
gasification on a large scale. Hon'ble PM has envisioned gasification of 100 MT coal by
2030. Aligned with this vision, CIL intends to implement two projects through JV and one
project in standalone basis. M/s BHEL and M/s GAIL have been identified as JV partners for
SCG projects at MCL and ECL respectively. Other project on standalone basis has been
identified in WCL.
MCL & ECL Projects:
Earlier in April-2023, the CIL Board accorded its 'inprinciple' approval to the
pre-feasibility reports for setting up of these projects with BHEL and GAIL. The Board
also approved to initiate necessary activities for preparation of Detailed Feasibility
Reports (DFRs) of the respective projects.
On 24.01.2024, Cabinet Committee on Economic Affairs (CCEA) has approved proposal for
equity investment by CIL for setting up of Coal-to- Ammonium Nitrate Project at MCL
command area through a CIL-BHEL JV and Coal-to-Synthetic Natural Gas Project at ECL
command area through a CIL- GAIL JV. CCEA also approved for Equity Investment by CIL
beyond 30% of its Net-worth in the JVs. Clearances of NITI Aayog and DIPAM have been
received for formation of the JVCs between CIL & BHEL and CIL & GAIL. CIL-BHEL JV
Agreement (JVA) signed on 28.02.2024. Subsequently, CIL Board in its 463' Meeting held on
26.03.2024 approved for incorporation of JVC between CIL & BHEL. As of May-2024, the
JVC has been incorporated under the name of Bharat Coal Gasification and Chemicals Ltd.
(BCGCL). Concurrently, to fast-track the CIL-GAIL JV project, draft JVA is under
finalization.
WCL Project:
Based on an prefeasibility study undertaken through M/s PDIL, it was being explored to
set up of Surface Coal Gasification based Ammonium Nitrate Plant at the pit head of Juna
Kunacla Opencast Mine of Majri Area. A tender was invited on 06.03.2023 to set up the
plant under BOO mode of implementation. After several round of extension, it was opened on
05.12.2023 and no bids were received against the tender. Accordingly, now it has been
decided to set up the project under LSTK mode of implementation with Synthetic Natural Gas
(SNG) as final end-product.
D. Venturing into Critical Minerals Value Chain:
As the global economy shifts away from fossil fuels, there is a rising demand for
critical minerals like lithium, cobalt, nickel, graphite, and rare earth elements, crucial
components for batteries, electronics, and clean energy technologies. This surge in demand
presents abundant business opportunities across the critical mineral value chain. With the
increasing adoption of renewable energy and advanced clean technologies worldwide, CIL is
embarking on a path to diversify into this sector, seeking new avenues for revenue
generation. To underscore its commitment to this critical mineral strategy, CIL has
revised its Memorandum of Association to include provisions related to the critical
minerals business value chain.
By leveraging its extensive mining expertise and infrastructure, Coal India can seize
opportunities in this burgeoning market, ensuring sustainable growth and mitigating
potential risks associated with a decline in coal demand. This strategic initiative will
also contribute to India's objective of achieving self- reliance in critical minerals,
reducing reliance on imports, and enhancing national security.
CIL intends to take up activities in various sectors of critical mineral value chain:
Critical Mineral Mining (by collaboration/ standalone)
Midstream/Downstream Processing (by collaboration/standalone)
Setting up end product manufacturing facility (by collaboration/standalone)
CIL is actively seeking potential collaborations in the Research and Development sector
to develop advanced technologies and methods for more efficient exploration, mining,
processing, and recycling of critical minerals. Such efforts would enable CIL to establish
a commercial- scale processing plant upon acquiring the necessary assets.
Currently, CIL is engaged in identifying and exploring opportunities to acquire
critical mineral assets both domestically and internationally. To acquire assets within
India, CIL is participating in critical mineral auctions conducted by the Government of
India. Meanwhile, for potential acquisitions abroad, the company has entered into
Non-Disclosure Agreements (NDAs) with asset owners and is subsequently evaluating these
potential assets.
E. DIVERSIFICATION INTO LITHIUM, NICKEL, COBALT AND GRAPHITE SECTORS
Rationale for Diversification
Amidst the dynamic shifts in the global energy sector, Coal India Limited (CIL)
encounters challenges that underscore the need for diversification into burgeoning battery
materials sectors such as lithium, nickel, cobalt, and graphite.
The shift towards electric vehicles (EVs) and energy storage systems worldwide is
driving a rapid surge in demand for lithium-ion batteries, which heavily depend on
essential raw materials such as lithium, nickel, cobalt, and graphite. Drawing upon its
extensive mining know-how, extensive operational presence, and financial capabilities, CIL
has the opportunity to seize these emerging market prospects and establish itself as a
prominent figure in the growing battery materials sector. This strategy of diversification
not only presents avenues for additional revenue but also strengthens CIL's resilience and
competitiveness over the long run in the ever- changing energy sector.
Synergies between CIL's Existing Capabilities and the New Sectors
Coal India Limited (CIL) possesses a wealth of expertise and resources that can be
leveraged to diversify into the Lithium, Nickel, Cobalt, and Graphite sectors.
As the world's largest coal producer, CIL has well- established mining
operations, infrastructure, and a skilled workforce that can be adapted to extract and
process these critical minerals.
Additionally, CIL's extensive experience in logistics, transportation, and
supply chain management can be valuable in efficiently delivering these materials to
domestic and global markets.
Furthermore, CIL's existing liasioning with government agencies, regulatory
bodies, and research institutions can facilitate the necessary approvals, permitting, and
technical support required for successful diversification.
The company's strong financial position and access to capital can also enable
the necessary investments in exploration, development, and processing facilities for these
new mineral resources.
Importantly, CIL's deep understanding of the Indian energy and industrial
landscape can provide a solid foundation for expanding into the emerging markets for
Lithium-ion batteries, electric vehicles, and renewable energy technologies.
By leveraging these synergies, CIL can potentially achieve a competitive advantage and
create new revenue streams to complement its core coal business.
Potential Benefits of CIL's Diversification
1. Reduced Reliance on Coal:
By diversifying into the lithium, nickel, cobalt, and graphite sectors, Coal India
Limited (CIL) can reduce its heavy reliance on coal, which faces increasing environmental
scrutiny and market volatility. Expanding into critical minerals essential for the global
energy transition can help CIL future-proof its business and capitalize on emerging growth
opportunities.
2. Access to New Markets:
Venturing into these new sectors will open up access to rapidly growing global markets
for lithium-ion batteries, electric vehicles, renewable energy storage, and other
high-tech applications. This can provide CIL with a more diversified revenue stream and
reduce its dependence on the domestic coal market.
3. Leveraging Existing Expertise:
ClL's expertise in mining, logistics, and project management can be leveraged to
establish a strong presence in the lithium, nickel, cobalt, and graphite sectors. The
company's established infrastructure, supply chain, and workforce can help expedite the
diversification process and create synergies with the new business lines.
4. Enhanced Competitiveness:
Diversification can strengthen ClL's competitive position by allowing it to capitalize
on the growing demand for critical minerals, reduce its exposure to coal market risks, and
explore new avenues for growth and profitability. This can lead to improved financial
performance and increased shareholder value over the long term.
Global Demand and Supply Trends for Lithium, Nickel, Cobalt and Graphite
The global demand for critical minerals like lithium, nickel, cobalt, and graphite has
been rising rapidly in recent years, driven primarily by the growing adoption of electric
vehicles (EVs) and the need for these materials in the production of lithium-ion
batteries. According to data from the International Energy Agency (I EA), the global
demand for lithium is expected to increase by over 40 times by 2040, while the demand for
nickel, cobalt, and graphite is projected to grow by 19 times, 21 times, and 25 times,
respectively, during the same period.
On the supply side, the production of these critical minerals has struggled to keep
pace with the surging demand, leading to concerns about potential shortages and price
volatility.
The United States Geological Survey (USGS) estimates that the global lithium
reserves are sufficient to meet the projected demand for the next 50 years, but the
production of lithium is concentrated in a few countries, with Chile, Australia, and China
accounting for the majority of the global supply. Similarly, the cobalt supply is heavily
dependent on the Democratic Republic of Congo, which produces over 70% of the world's
cobalt, and the nickel and graphite markets are also characterized by a high degree of
geographical concentration leading to supply side constraints.
Projected Growth in Demand for these Critical Minerals
The global demand for lithium, nickel, cobalt, and graphite is expected to surge in the
coming years, driven primarily by the rapid transition towards renewable energy and the
growing adoption of electric vehicles (EVs). According to Deloitte and Bloomberg Analysis,
the demand for these critical minerals is projected to increase significantly by 2030.
u
The surge in demand is primarily driven by the global push for decarbonization and the
shift towards renewable energy sources, such as solar, wind, and energy storage systems,
all of which rely heavily on these critical minerals. Additionally, the growing EV market
is expected to be a significant driver of this demand, as lithium-ion batteries used in
EVs require large quantities of these materials.
Importance of these minerals for global energy transition
The minerals of Lithium, Nickel, Cobalt, and Graphite are essential for powering the
global transition to clean energy apart from their traditional uses.
Lithium |
Nickel and Cobalt |
Graphite |
A key component in rechargeable batteries for EVs, Energy Storage Systems and Consumer
Electronics. |
Manufacturing high performance Li-ion batteries. |
A vital anode material in Li-ion batteries. |
|
|
Also being used in fuel cells and solar panels. |
As the world moves away from fossil fuels towards renewable energy sources, the demand
for these critical minerals is expected to surge. Electric vehicles are rapidly gaining
market share, and the expansion of renewable energy infrastructure such as solar and wind
farms will further drive up the need for energy storage solutions reliant on lithium-ion
batteries. Ensuring a reliable and sustainable supply of these minerals is crucial for the
success of the global energy transition and meeting climate change goals.
Government Initiatives
The regulatory environment surrounding the critical minerals of Lithium, Nickel,
Cobalt, and Graphite is evolving rapidly, with governments around the world taking
proactive steps to secure domestic supplies and promote sustainable extraction and
processing. In India, the government has recognized the strategic importance of these
minerals for the country's economic and energy security, and has implemented several
initiatives to encourage investment and development in these sectors.
The Ministry of Mines has established the Geological Survey of India (GSI)to map
and assess the country's mineral resources, including potential deposits of Lithium,
Nickel, Cobalt, and Graphite.
The government has also introduced incentives and policy reforms to attract
private investment in mineral exploration and mining, such as simplified licensing
procedures, tax benefits, and the allowance of 100% Foreign Direct Investment (FDI) in the
mining sector.
Additionally, the government has launched the National Mineral Policy 2019, which
aims to promote the sustainable and responsible development of the mining industry, with a
focus on environmental protection, social inclusion, and the fair distribution of economic
benefits. The policy also emphasizes the importance of R&D, technology adoption, and
skill development to enhance the country's capabilities in the critical minerals sector.
Initiatives such as FAME and FAME-II are also boosting demand for
these critical minerals.
Challenges and Risks Associated with Diversification into critical mineral
Diversifying Coal India Limited's (CIL) business into new sectors such as Lithium,
Nickel, Cobalt, and Graphite is not without its challenges and risks.
Unfamiliar Regulatory Environment
Especially in overseas asset acquisition.
Might need handholding to understand foreign rules and regulations.
Competitive Landscape
Various global players are vying for market share.
Lithium- Albemarle, SQM, Livent, and Ganfeng Lithium
Nickel- Vale, Norilsk Nickel, and Glencore are the dominant producers
Cobalt- Glencore, Eurasian Resources Group, and Sherritt International and
China Molybdenum and Gecamines
Graphite- Syrah Resources, Energizer Resources, and Triton Minerals are
some of the leading producers, alongside Chinese players like Heilongjiang Aoyu Graphite
and Qingdao Tianshengda Graphite.
Financial Implications
Capital intensive nature of Mining Industry.
Along with long gestation period.
Can strain our financial resources.
Volatilty and Cyclicality of global commodity prices can impact our financial
stability and profitability.
Technological Risks
Technical uses of these minerals are changing very fast.
It is imperative to keep ourselves abreast of recent innovations.
Some minerals may looses their vitality
Important to track such changes.
Need to invest heavily in R&D.
As per IEA, the extraction is energy intensive, cleaner technologies need to
evolve
Ensuring a balanced distribution of personnel, infrastructure, and investment between
its existing and emerging businesses will be pivotal for CIL to sustain its competitive
advantage in the coal market while simultaneously solidifying its position in the critical
minerals sectors.
F. Signing of key Agreements / MoUs
1. On 15 February 2024, OIL signed a Memorandum of Understanding (Moll) with
Flaryana Power Purchase Centre (HPPC) for supply of 800 MW of power from MBPL
project of CILto Flaryana Discoms under Section-62 of the Electricity Act, 2003. The MoU's
purpose is to formalize and define the basic framework of discussions of the power
purchase agreement.
2. On 28 February 2024, CIL has executed a Joint Venture Agreement (JVA) with
Bharat Pleavy Electricals Limited (BHEL) for setting up of Coal to Ammonium Nitrate
project in MCL. The shareholding of CIL and BFIEL in the JVC shall be 51% and 49%
respectively.
3. On March 10, 2024, CIL entered into a Memorandum of Understanding (MoU) with
Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to explore the potential of jointly
undertaking initiatives totaling up to 4100 MW. This collaboration entails the formation
of a Joint Venture (JV) company between RRVUNL and CIL, encompassing a combination of
renewable and thermal projects. These projects include Solar Power Projects at Solar Parks
in Bikaner, Pumped Storage Projects (PSP) near Kota, Wind Projects in Jaisalmer, and a
Thermal Power Project at a suitable pit- head location of CIL. As an initial step, CIL
will conduct Pre-Feasibility Studies for these projects to assess their viability.
Additionally, any further collaborative opportunities agreed upon by both parties will
also fall under the scope of the MoU.
12. MASTER PLAN FOR DEALING WITH FIRE, SUBSIDENCE AND REHABILITATION
The Government of India sanctioned the Master Plan for addressing fire, subsidence, and
rehabilitation issues within the leasehold areas of Bharat Coking Coal Limited (BCCL) and
Eastern Coalfields Limited (ECL) on August 12, 2009. The estimated investment for Jharia
Coalfields was Rs. 7,112.11 Crore, while for Raniganj Coalfields it was Rs. 2,661.73
Crore.The implementation period forthe Master Plan was set at 10 years for ECL and 12
years for BCCL. The Jharia Rehabilitation and Development Authority (JRDA)and the Asansol
Durgapur Development Authority (ADDA) have been designated as the implementing agencies
responsible for rehabilitating non-BCCL and non-ECL individuals as outlined in the Master
Plan.
A. Summarized Status of Implementations of Raniganj Master Plan (in the leasehold of
ECL):
There are 03 unstable locations under ECL which were already vacated & families
were shifted. As per the demographic survey report provided by ADDA, around 29,000 non-ECL
families are required to be rehabilitated from 138 unstable locations. Construction of
12,976 houses (as per DPR) out of approved 29,000 houses have been taken up by Flousing
Dept., Govt, of WB for shifting of non-ECL families. Of these, tender for 1904 flats at
Namokeshia mouza had been fore closed due to resistance of local people. Construction of
further 768 flats had been dropped due to land problem. Out of availability of encumbrance
free land for 10304 flats, construction of 160 flats had already been completed &
handed over to ADDA for shifting. Shifting of 145 NLTFI houses from 01 most vulnerable
location had been done by ADDA till date. At present construction of 7472 flats are
ongoing at 02 resettlement sites, out of which construction of 1984 houses have been
completed in all respect and balance 5,488 no. of houses are in different stages of
construction. Tender for unfinished construction works of further 2672 flats at 02 sites
had been floated by Housing Dept.
B. Summarized Status of Implementations of Jharia Master Plan (In the leasehold of
BCCL):
34 sites had been identified as fire-affected zone, as per survey report by National
Remote Sensing Centre (NRSC) in 2018. Later, as per NRSC study report, 2021-2022, 27 sites
have been identified as fire-affected locations.
At present, Out of these 27 patches, 16 are economically viable (assessed by CMPDIL) as
the total cost of digging out the fire is less than the sale value of the coal recovered
in the process and therefore the expenditure is borne by BCCL. Work has been awarded and
started at 15 locations. For 1 location Work has been awarded in MDO mode on Revenue
sharing basis. LOA has been issued on 21.03.2023. Preparatory work is under progress.
Out of balance 11 locations, as per latest report of NRSC (2021-22) at 10 locations
fire has shown decreasing trend or marginal fire. Hence these locations had been taken up
to be dealt by surface blanketing out of which blanketing has been completed at 6
locations. The process of digging out the fire at remaining 1 site is found to be
economically unviable (assessed by CMPDI) for which proposal has been prepared with
requirement of Viability Gap Funding (VGF).
BCCL has taken up construction of 15,713 houses for the shifting of BCCL families. Till
date 11,944 houses have already been constructed and 4,436 families have been shifted. Due
to superannuation of BCCL employees, shifting of only 7,713 BCCL families are required at
present.
As per decision of BCCL Board, 8,000 houses are to be handed over to JRDA for non BCCL
families and same has been conveyed to JRDA.
Construction of 18,272 houses for non-BCCL families have been taken up by JRDA out of
54,159 houses as per approved Master Plan. Till date, construction of 14,874 houses have
completed and 2,827 families shifted. Balance 3,398 houses are under different stages of
construction.
C. Revision of Approved Jharia & Raniganj Master Plan
The time frame for implementation of the Raniganj Master Plan and Jharia Master Plan
has expired on Dt. 11.08.201 9 & Dt. 11.08.2021 respectively.
Jharia Master Plan
MoC, vide its letter dated 18.08.2021, conveyed that CIL can spend from the balance
money on their committed/ ongoing works towards Jharia Master Plan till the approval of
Way ahead of Jharia Master Plan.
Principal Secretary to Hon'ble PM reviewed the progress of JMP on 09.08.2021 and a
committee was constituted to decide the "Way ahead of Jharia Master Plan", under
the chairmanship of Secretary, Coal on dt. 25.08.21, with the approval of Cabinet
Secretary. The Committee has submitted its report. The said report was discussed in the
meeting held on 07.02.2023 chaired by the Cabinet Secretary where it has been directed to
take necessary steps for approval of Final report on way forward of Jharia Master Plan.
Under Secretary, MoC.Gol has vide letter dt: 31-03-2023 conveyed that the Committee of
Secreteries have approved and Hon'ble Minister of Coal & Mines has accepted the
"Report of the Committee on the Way Ahead for Jharia Master Plan".
A meeting of the EFC was held on 4,J October, 2023 at 3.00 PM under the
Chairmanship of Finance Secretary and Secretary (Expenditure), Ministry of Finance to
appraise the proposal of Ministry of Coal "Revised Jharia Master Plan to deal with
fire and rehabilitation on affected people under Phase-1". Expenditure Finance
Committee recommended the implementation of the Phase-1 of the revised Jharia Master Plan
with an outlay of Rs. 6691.20 crore with annual contribution of CIL for Jharia Master Plan
is to increase from 350 Crore/yearto 500 crore/year.
Raniganj Master Plan:
In accordance with the directive from the 19M HPCC meeting dated May 19,
2019, ECL, in collaboration with CMPDI, RI-1, and ADDA, has drafted a comprehensive
proposal that includes alternative rehabilitation packages, as well as considerations for
time and cost overruns. Following the directive from the 21 * HPCC meeting, the revision
of this proposal is currently being finalized at ADDA/Government of West Bengal.
In letters dated January 1 8, 2023, and February 22, 2023, the Ministry of Coal (MoC)
communicated that CIL is authorized to utilize funds from its remaining balance for their
ongoing commitments related to the Raniganj Master Plan until the approval of the revised
Master Plan. Consequently, CIL disbursed Rs. 300 Crore to ECL in March 2023 forthe
rehabilitation of non-ECL families as part of the Raniganj Master Plan implementation.
13 ENVIRONMENTAL MANAGEMENT
13.1 Management System Standards:
CIL HQ obtained re-certification of ISO 9001:2015, ISO 14001:2015 and ISO 50001:2018
for Quality Management, Environment Management and Energy Management System respectively
from Bureau of Indian Standards (BIS) in 2022 with validity upto Oct,2025. As on 31st
March 2023, ECL, NCL, MCL, CCL(27 units) and WCL (90 units) are certified for Integrated
Management System (ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018). CMPDI HQ and its
seven RIs are certified for ISO 9001:2015. Moreover, CMPDIL HQ, Ranchi has been certified
with ISO 37001:2016 (Anti-Bribery Management System).
13.2 Pollution Control Measures and their Efficacy:
CIL is committed to protect environment by practicing and following sustainable mining
practices right from mine planning stage. Various pollution control measures and
initiatives are being taken up concurrently with mining operations, for maintaining
acceptable / permissible limits of major physical and chemical attributes of environment
namely air, water, hydrogeology, ground vibrations, noise, land, etc.
A) Air Pollution and its Control Measures:
To manage and decrease dust production during drilling, blasting, loading, and coal
transportation, CIL has implemented several initiatives outlined in the Environmental
Management Plan (EMP) approved by the Ministry of Environment, Forestand Climate Change
(MoEF&CC). The EMP is formulated after assessing the environmental impact of coal
mining through an Environment Impact Assessment (EIA) study for each project, considering
its effect on the existing environment and forests. Measures such as mist spraying
systems, mobile water sprinklers, and automatic sprinklers have been deployed to mitigate
air pollution and control its effects.
Some of the important initiatives taken by CIL are as follows:
a) Implementation of First Mile Connectivity to reduce transport of coal by road.
b) Transportation of coal by conveyors, covered trucks & loading in railway rakes
through Silo.
c) Blacktopping/ Concrete & repairing of coal transportation roads and
strengthening of haul roads.
d) Deployment of 279 trolley mounted and 137 mobile fog cannon sprinkling system.
e) Installation of 80 CAAQMS system for real-time monitoring of ambient air
quality & integration with the CPCB & SPCB server wherever provisioning of the
same is made available.
f) Installation of 97 nos. of PM 10 analysers for real time monitoring of PM 10
concentration in ambient air.
g) 910 nos. of mobile water sprinkler tankers and 49 nos. of road sweeping machines
have been deployed across all the subsidiaries for air pollution control.
h) Development of wind breaker system, vertical greenery system and green belt
plantation.
i) Deployment of additional Surface Miners and Continuous Miners in opencast & U/G
mine respectively for blasting free coal extraction.
B) Water Pollution Control Measures
i. Wherever and to the extent possible, the mines are operated on zero discharge
ii. Mine discharge water is stored in huge sump which acts a water harvesting
structure.
iii. For mine discharge, pumped out mine water is treated through sedimentation prior
to its discharge.
iv. 153 Effluent Treatment Plants (ETP) are set up in workshops.
v. Effluent from residential colonies is also treated through conventional means as
well as designated 61 Sewage Treatment Plants (STPs) in townships.
vi. Effluent water quality monitoring as per set standards is undertaken and results
submitted to statutory authorities.
vii. 15 nos. of Continuous Water Quality Monitoring stations for real time monitoring
of effluent water quality.
viii. Subsidiaries of CIL takes No Objection Certificate (NOC) for each project from
Central Ground Water Authority, Ministry of Water Resources, Gol. NOC is granted based on
detailed Hydrogeological Report and Groundwater Modelling.
ix. In FY 2023-24, 2591.42 Lakh KL water was shared with nearby community for domestic
and irrigation purpose benefiting more than 11.62 Lakh people in 857 villages.
Mine Water Management:
Mine Discharge Treatment Plants (M DTP) are set up in mines to treat discharged mine
water on the surface forsecondary treatment. The treated mine water is then utilized
partially for activities like dust suppression, firefighting, plantation, and washing.
Additionally, based on the requirements of the local community, treated mine water is
distributed to nearby villages for drinking and irrigation purposes. To evaluate the
impact of mining activities on groundwater, continuous monitoring of groundwater levels in
dug wells and piezometers is conducted within and around the mine leasehold area. Various
initiatives such as rainwater harvesting, pond excavation, and desilting are undertaken to
facilitate groundwater recharge both within the mine premises and nearby villages.
Currently, 526 rainwater harvesting structures have been constructed for this purpose.
Routine monitoring of mine, workshop, and domestic effluents is performed in compliance
with regulations, and corresponding actions are taken as necessary. Reports of these
monitoring activities are regularly submitted to State Pollution Control Boards (SPCBs)
and the Ministry of Environment, Forest and Climate Change (MoEF&CC). In the fiscal
year 2023-24, 90.03% of discharged mine water was utilized for internal and community
purposes, while the remaining 9.97% was retained for future use and groundwater
recharging. Additionally, 54.57 LKL of mine water was supplied to nearby communities from
coal mine voids of CCL, with an offer of 1081 LKL of mine water made to the Government of
Jharkhand for community supply. CIL has installed 396 water meters across its subsidiaries
to accurately quantify mine water handling.
C) Noise Pollution Control Measure:
To mitigate noise pollution, several measures are implemented, including regular
equipment maintenance, the establishment of green belts around mine and residential areas,
conducting blasting operations during daytime, and providing ear muff/ear plugs in noisy
areas.
D) Land Reclamation:
Reclamation of the mined out areas and external OB dumps are major environmental
mitigatory activities taken up by CIL. Reclamation of mined out areas are being done as
per the Environmental Management Plan (EMP), approved by MoEF&CC and Mine Closure Plan
(MCP) prepared as per
the guideline of Ministry of Coal . Top soil is preserved, stored and used in
plantation areas in the opencast mines. Concurrent reclamation and rehabilitation of mined
out areas are taken up for gainful land use. After technical reclamation is completed,
plantation is carried out which is termed as biological reclamation.
Additionally, under Green Credit Program launched by MoEF&CC, Coal India
Limited and its Subsidiaries have taken initiative for taking up plantation in degraded
forest land in various states.
Eco-restoration: For effective Bio-reclamation of disturbed land, scientific
studies are carried out to select suitable species of plants for afforestation on three
tier plantation concept. Forest Research Institute (FRI) has been engaged by CIL for
sharing their expertise in the field of eco-restoration in the reclaimed areas. Many Eco-
restoration sites have been developed in subsidiary companies of CIL with technical
collaboration of FRI.
Eco-park in Reclaimed land: Eco Parks have been developed in many of the
mined out areas and command areas of CIL like Kalidaspur Biodiversity Park ECL, Parasnath
Udyaan AKWMC Colliery BCCL, Bishrampur Tourism Site SECL, Chander Shekhar Azad Eco Park
Bina NCL, Neem Vatika Raiyatwari Chandrapur WCL, Kayakalp Vatika CCL, Ananta Medicinal
garden MCL, etc. CIL has established 32 Eco-parks & Mine Tourism & eco-restoration
sites on date.
Monitoring of Reclamation:
The land reclamation and restoration operations in opencast mines of CIL are being
monitored using high resolution Satellite Data. Land Reclamation Monitoring of total 121
projects under different subsidiaries of CIL has been completed in 2022-23. 76 major
Opencast Projects (OCPs) producing more than 5 MCM (Coal + OB) per annum along with 45
OCPs/ Clusters producing less than 5 MCM (Coal + OB) per annum were monitored in 2023-24.
The study during 2023-24 shows that 76 major OCPs have reclaimed area of 208.76 Km2
(62.91%) and active mining area is 123.07 Km2 (37.09%) of the total excavated area.
Whereas, for projects under less than 5 mcm category, reclaimed area is 27.30 Km2 (46.77%)
and active mining area is 31.07 Km2 (53.23%) of the total excavated area.
In addition, CIL is also conducting Vegetation Cover Mapping of 19 major coalfields
using satellite data every 3 years in phase wise manner. During the 2023-24, Vegetation
cover mapping of seven coalfields viz Rajmahal Coalfield (ECL), Raniganj Coalfield (ECL),
lb valley coalfield (MCL), Sohagpur Coalfield (SECL), Mand-Raigarh coalfield (SECL), Umrer
coalfield (WCL) & Pench Kanhan Tawa coalfield (WCL), have been completed.
Mine Closure Plan (MCP):
The MCP is an essential component of the Project Report crafted by CMPDIL for Coal
mines under CIL. This gradual mine closure strategy is also included in the EIA/EMP, which
is prepared and approved by MOEF&CC as part of the Environmental Clearance process. In
the fiscal year2023-24, Rs. 127.77 Crorehas been refunded from the Escrow fund by the
respective Project Proponents for mine closure activities.
E) Strive for continual improvement in environmental performance
Third Party Audit & Index Rating of mines: The
task of formulating an approach and methodology for indexing the environmental
conditions and evaluating performance according to the Environmental Clearance (EC)
conditions in 35 CIL mines (each with over 5 million cubic meters of Coal + Overburden)
was finalized by ICFRE and approved by the CIL board in December 2020. ICFRE has conducted
field visits to all 35 mines and submitted the final audit reports for each mine by March
2024.
Amrit Sarovar: Amrit Sarovars are being developed in the mine voids and other water
bodies available in command area of CIL. This will fulfill the requirement of water for
local population and also act as water harvesting structure & ground water recharge.
Activities to promote Mission Life-style:
Mission LiFE represents a significant step towards a more sustainable future,
emphasizing the importance of collective action and conscious consumption for the
well-being of our planet. CIL is undertaking various activities under 75 mission life
actions. Action have been taken under use of LED lignting system, procurement/ hiring of
EV vehicles, Installation of Solar energy, creation of Rainwater harvesting system, Amrit
sarovar, Biodiversity conservation & plantation etc.
Alternative use of OB:
In Opencast mining, the soil and rocks above the coal seam are excavated and discarded
as waste, while the fragmented rock, known as Overburden (OB), is piled into dumps. To
address this challenge, CIL has initiated the processing of overburden rocks to produce
sand. Four plants for converting OB to sand have been put into operation. Additionally,
CIL has commenced the use of overburden as filling material.
14. ERP, IT INTIATIVES, ELECTRONIC AND TELECOMMUNICATION IN CIL
A. ERP
The Enterprise Resource Planning (ERP) system has achieved stability across CIL, acting
as the primary repository for critical operational information, including production data,
inventory management, equipment status, ongoing project updates, and workforce details.
The ERP dashboard provides realtime insights to support informed decision-making and has
been enriched with alert functionalities across its seven modules. These alerts prompt
email notifications based on key performance indicators (KPIs) for significant parameters,
thereby enhancing operational efficiency.
The entire payroll process for CIL is managed via ERP, with payments typically
disbursed by the 2nd of the following month across most subsidiaries. Arrears
for NCWA XI (23 months) were processed and paid through the ERP system. Notably, there has
been a significant reduction in the payroll processing cycle time, decreasing from 15 days
to just 2 days. Similar reductions in cycle times have been observed in other modules as
well. The entire life cycle of ongoing projects is monitored through the PS Module. ERP
implementation has facilitated effective asset management, improved visibility into spare
inventory, and enabled efficient stores management, leading to enhanced utilization of
human resources through optimal manpower deployment. The adoption of SAP ERP has
streamlined various business processes, and CIL is striving to embrace the best industry
practices.
The Hospital Management System (HMS) has been implemented across 21 hospitals within
CIL and its subsidiaries. This system seamlessly integrates with the ERP system to record
personnel details, including those of family members. It serves as a comprehensive patient
management solution, catering to the entire process from registration to discharge for
employees, their dependents, as well as CSR initiatives and external visitors.
Connections have been set up with external entities like the GeM portal, FOIS, banks,
and the National Coal Portal to facilitate seamless data transfer. Data from both road and
MGR weighbridges is integrated effortlessly into the ERP system without manual
intervention, while rail rake data is automatically fetched from FOIS.
B. IT INITIATIVES
As of now, CIL and its subsidiaries have implemented the following significant IT
initiatives:
Safety portal: To enhance the monitoring and implementation of safety measures, as
well as to incorporate suggestions and recommendations for further improving safety
inspections, the following online monitoring portals have been established within the
CSIS-CIL Portal:
e-Accident Analysis portal: CIL
Portal & MoC portal
e-lnspection portal
e-Safety Audit portal
e-Statute Compliance portal
e-SMP portal
The online portals facilitate thesubmission of relevant details and monitor compliance
with observations made by executives during inspections and safety audits. They aim to
uphold safety standards and cultivate a progressive safety culture across.
CIL subsidiary mines by enhancing the monitoring and management of Action Taken
Reports.
e-MB: Coal India Limited has created an internal e-MB and e-Billing Portal that
seamlessly integrates with CIL's ERP system. This portal facilitates the input,
verification, and approval of all measurement types through a secure platform, providing
enhanced tracking via movement logs, precise calculations, and heightened transparency
throughout the existing process.
C. ELECTRONICS & TELECOMMUNICATION
The following are the key initiatives, activities and achievements by E&T Dept,
during the year 2023-2024.
I. Implementation of Integrated Command Control Centre (ICCC): To augment overall
e-security and surveillance using Artificial Intelligence (Al) and Video Analytics across
the different coalfield areas, the Integrated Command and Control Centre (ICCC) is being
implemented in all other subsidiaries as it has been implemented in WCL, broadly for
monitoring crowd detection, camera tampering, intrusion detection, vehicle count,
automatic number plate recognition of vehicles etc. Mandate has been issued to adopt
similar ICCC at other subsidiaries during 2023-24.
II. Information Security Audit Service for Coal India Ltd, Kolkata:
In compliance to the directives received from Ministry of Home Affairs (MHA), the work
of Vulnerability assessment and Penetration Testing (VAPT) for Information and
Communication Technology (ICT) Infrastructure of Coal India Limited, Kolkata was awarded
to M/s STQC (Ministry of Electronics & Information Technology, Govt, of India),
subsequently vulnerability assessment and Penetration Testing of Servers/Apps & IT
Infrastructure was successfully completed during the FY 2023-24.
III. Strengthening the adoption process towards implementation of various Information
Technology (IT) Initiatives across Subsidiaries of CIL:
Leveraging technology through various IT initiatives viz. Global Positioning System
(GPS) based Vehicle Tracking System (VTS) with geo fencing, Radio- Frequency
Identification (RFID) based Boom barriers Systems, CCTV based e-monitoring system at
vulnerable locations viz. weighbridge, Central stores, Railway-Sidings, Coal-Heaps etc.
are in place at CIL Subsidiaries. These IT Initiatives are also being monitored from apex
level at CIL by providing Standard Operating Procedures (SOPs) fortheir operation and
strict adherence by CIL Subsidiaries.
IV. Establishment of redundant 2 tier Internet Leased Lines at CIL Kolkata:
Two tier redundant Internet Leased Line (ILL) Connectivity of 500 Mbps bandwidth, each
from primary and secondary service providers have been established at CIL Kolkata to meet
the enhanced requirement of high speed internet access for the Local Area Network(IVXN)
users, Video Conferencing (VC) and other internet services.
15. MINES SAFETY
Ensuring safety is always paramount for CIL, deeply ingrained in its mission statement
and pivotal to its overarching business strategy. To maintain occupational health and
safety standards across its mines and facilities, CIL has devised a thorough
"Occupational Health and Safety Policy." Additionally, CIL has established a
multidisciplinary Internal Safety Organization (ISO) within each subsidiary to efficiently
execute this policy.
15.1: Statutory Frame-work for safety in coal mines:
Coal mining, world over, is highly regulated industry due to presence of inherent,
operational and occupational hazards and associated risks. Coal Mine Safety Legislation in
India is one of the most comprehensive and pervasive statutory framework for ensuring
occupational health and safety (OHS). In India, the operations in coal mines are regulated
by the Mines Act- 1952, Mines Rules - 1955, Coal Mines Regulations-2017 and several other
statutes framed there under. Directorate- General of Mines Safety (DGMS) under the Union
Ministry of Labor & Employment (MOL&E) administers compliance of these statutes.
Other major Acts/Rules are applicable in coal mines are the Electricity Act- 2003, Central
Electricity Authority (measures related to Safety & Electric supply) Regulations -
2023, Indian Explosive Act-1884 & Explosive Rules-2008, Indian Boiler Act-1923, the
Employees Compensation Act- 1 932 (Principal Act) and the Factories Act - 1948 Chapter
-III & IV and several other statutes framed there under.
15.2 : Occupational Health and Safety Policy of CIL:
Coal India Limited is dedicated to safeguarding the health and safety of its workforce,
believing that accidents are preventable and industrial health risks are manageable
through foresight, training, a proactive mindset, and suitable equipment.
CIL is committed to:
15.2.1 Carry out all mining and associated activities in such a manner as to avoid harm
to employees, neighboring communities & environment.
15.2.2 Comply all relevant statutes for occupational health and safety.
15.2.3 Continuously promote and improve safe practices in all its operations in a
planned manner along with its monitoring and feedback.
15.2.4 Develop a culture of progressive improvement in practices and systems related to
Occupational Health and Safety (OHS) at work places.
CIL will achieve these objectives by:
Planning and designing of mine with adequate provision for Occupational Health
and Safety.
Hazard Identification and Risk Assessment based Safety Management System in
mines.
Adoption of suitable technology for improvement in Occupational Health and
Safety (OHS) system in work places.
Provision of adequate resources for effective execution of Occupational Health
and Safety (OHS) system in work places.
Engage the safety personnel exclusively for improving safety standards and
safety cultures of mines.
Organize appropriate forums with employees' representatives for joint
consultations on occupational health and safety matters to promote motivation and
commitment of employees in occupational health and safety system;
Multi-level monitoring of the implementation of the Occupational Health and
Safety (OHS) system in mines through Internal Safety Organization (ISO) at the company
headquarters and Area Safety Officers at area level;
Periodically auditing of the procedures and practices related to Occupational
Health and Safety (OHS) System;
Institute continuous education, training and retraining all employees with the
accent placed on development of safety oriented skills;
Continuous efforts to improve the occupational health standards, workplace
ambience and health conditions of the employees.
15.3 : Major functions of Corporate ISO
Inspection of mines to review safety status of mine & follow up action
thereof to improve safety standard of mines.
Fact finding enquiry into fatal accidents and major incidents.
Maintenance of accidents/major incidents database.
Analysis of mine Accident Statistics in order to find an action plan.
Monitoring Mine Safety Audit.
Imparting specialized training by SIMTARS accredited trainers to unit level and
Area level executives, mine officials and members of Safety Committee.
Framing of internal Technical Circulars / Management Guidelines / Advisory
related to safety issues and monitoring implementation thereof.
Monitoring safety related R&D activities in CIL.
Organizing a meeting of the CIL Safety Board and monitoring recommendations /
suggestions made during the meeting.
Monitoring mine rescue preparedness at different mine rescue establishments.
Publication of Safety Bulletin for disseminating and sharing of knowledge in
order to promote safety awareness and inculcate better safety culture.
Actively participated in organizing the meeting of the Standing Committee on
safety in coal mines and monitoring recommendations / suggestions made during the meeting.
Liasioning with various agencies on the matter of mine safety and ISOs of
various subsidiaries.
Monitoring of CIL Safety Information System (CSIS) database and ensuring timely
updating.
Coal India Limited provides comprehensive responses to parliamentary inquiries
concerning mine safety, addressing questions from various standing committees such as
those on Steel & Coal and labor, as well as queries from COPU, MOC, CA&G, VIPs,
and requests under the Right to Information (RTI) Act of 2005.
15.4 : Mine Accident Statistics
Analysis of Mine Accident Statistics in CIL - Accident statistics is the
relative indicator for safety status in mines. Over the years, the safety performance of
CIL has improved significantly. Significant reducing trend in mine accidents can be
attributed to the following contributing factors:
Commitment and synergetic cooperation amongst all stakeholders.
Use of state-of-the-art technology in the field of
Mining Methods and Safety Monitoring.
Continuous improvement in knowledge, skill and responsiveness of workforce.
Constant vigil, round-the-clock supervision and supports from various agencies.
CIL is making all out efforts and corrective measures to prevent mine accidents.
The notable aspects of the continuous and sustained enhancement in CIL's safety
performance are depicted in the following graphs and detailed in Annexure 14.
Graph -1 - Trend of 5 Yearly Average Fatalities in CIL since 1975
15.5: Measures for improvement of Mine Safety in 2023
CIL has vigorously pursued several measures in the year 2023, along with the on-going
safety related initiatives, apart from compliance of statutory requirements for enhancing
safety standard in mines, which are given below:
1. Safety Management Plans (SMPs) - Site specific risk assessments, facilitated by
mine officials and workers, have led to the preparation of Safety Management Plans (SMPs)
for each CIL mine, regularly reviewed and monitored through the Internal Safety
Organization (ISO) of each subsidiary, contributing to ongoing safety enhancements in
mining operations.
2. Principal Hazards Management Plans (PHMPs):
Principal Hazards Management Plans (PHMP) are formulated as a part of Safety Management
Plan (SMP) to avert any mine disaster or major mine accident. Trigger Action Response
Plans (TARP) are also prepared to deal with emergency situations effectively.
3. Standard Operating Procedures (SOPs): Site-
specific, Risk Assessment based Standard Operating Procedures (SOPs) for all Mining and
Allied operations are framed and implemented. The SOPs are being updated on a regular
basis to cater to the changing mine conditions.
4. Conducting Safety Audit: Safety Audit of all producing mines of CIL for FY
2023-24 are going on for assessing safety status and to identify deficiency, if any.
5. Development of e-safety audit portal:
CIL has developed an e-safety audit portal for uploading details of mine safety audit
observations and recommendations and to monitor implementation of recommendations of mine
audit effectively.
6. Development of e-inspection portal:
CIL has developed an e-inspection portal for uploading details of mine inspections so
that safety status of mine can be effectively monitored.
7. Imparting specialized Training on mine safety:
40 nos of executives of different subsidiaries of CIL were imparted training on
"Establish and Maintain the Risk Management System" and "Lead the initial
response to work health and safety (WHS) incidents" by Australian expert.
8. Special Safety Drives on different Safety Issues:
Special Safety drives on various safety issues & Risk review workshops were
organized to improve standard of mines safety and enhance safety awareness and
sensitivities towards safety amongst all employees.
9. Toolbox Safety Talk:
In this year Tool Box Safety talk has been introduced for effective assessment of
safety related hazards before start of operation. Before work, supervisors or experts
related to the jobs give safety talk and informal risk management is done during the
process.
10. Personal Safety Counseling & Employee Assistant Program:
Every employee is being personally consulted by Safety Officer to understand the
ability of the employee in terms of safety attitude and understanding; any personal
problems or habits needs immediate attention. Accordingly, the assistant program is
extended through a welfare officer or medical officer or person of influence.
11. Suraksha Mitra Mandali / Informal Safety Circle:
Concept of Suraksha Mitra Mandali / Informal Safety Circle has been introduced to
inculcate best-in-class safety culture amongst employees. All employees have been
distributed in groups of Mitra Mandali and these Mandalis are operated in all mines.
12. Implementation of recommendations of high- power committee:
A high power committee was constituted to enhance safety standards in HoE operation. A
Model Standard Operating Procedures (SOPs) for operators of PloE patches has been
formulated and circulated for compliance.
13. Constitution of Competency Board at Mine:
This year a competency board to assess competency of all operators has been constituted
and competency of operators are being assessed regularly and compulsorily assessed for new
operators and operators involved in incidences.
14. Regular coordination with ISOs:
Several meetings were held under the Chairmanship of the Director (Technical), CIL for
assessing the safety status of mines and other establishments for enhancing safety.
15. Monsoon Preparation Plan: Micro and macro level plan has been prepared for
monsoon preparation and these are implemented and monitored regularly. The Monsoon period
has passed without any major safety issues.
16. Stress on Simulation based training: Total 8 nos of Training SIMULATOR have
been commissioned in NCL, MCL, SECL, CCL and WCL so far.
17. Preparation and sharing of Video Clips or Animation films:
Video clips and animation films illustrating Mine Safety Procedures, operational
guidelines, and Accident Analysis are being developed for widespread distribution among
employees, extensively utilized during training sessions across various VTCs and other
facilities, aiming to bolster safety consciousness and foster robust safety cultures at
the grassroots level.
18. Adoption of Star Rating of mines: To promote exemplary practices in mines,
including safety protocols, mines undergo assessment through the Star Rating System
according to MoC guidelines, encompassing safety considerations.
Apart from the above specific actions, the following are on-going measures for
improving safety standards:
I. Emphasis on adoption of the state-of-the art technology in suitable geo-mining
locales.
a. Adoption of Mass Production Technology (MPT) in more UG mines.
b. Deployment of more nos. of Surface Miners to eliminate blasting operation in OCRs
for safe and eco-friendly operation.
c. Deployment of relatively higher capacity HEMM in more OCRs.
d. Introduction of Elighwall mining technology.
e. Mechanization of UG drilling operation for roof bolting.
f. Man riding system for easing UG travel.
II. Adoption of the state-of-the art mechanism for Strata
Management
a. Scientifically determined Rock Mass Rating (RMR) based Strata Support System.
b. Mechanized Drilling for Roof bolting purpose.
c. Need based application of Resin Capsules in place of Cement capsules.
d. Use of modern Strata Monitoring Instruments as per requirement.
e. Strata Control Cell for monitoring efficacy of strata support system. An in-house
Rock Testi ng Laboratory established in Nagpur, WCL for determination of Rock Mass Rating
(RMR) of strata was accredited with NABL certificate. Imparting quality training to
support crews & front- line mine officials, supervisors & grass root level
workmen.
III. Mechanism for monitoring of mine environment:
a. Detection of mine gasses by Multi-gas detector, Methanometer, CO-detector etc.
b. Continuous monitoring of the mine environment by installing Environmental Tele-
Monitoring System (ETMS) & Local Methane Detectors (LMD) etc.
c. Regular Mine Air Sampling and Analysis by using Gas Chromatograph.
d. Personal Dust Sampler (PDS) for detecting dust concentration.
e. Use of Continuous Ambient Air Quality Monitoring System (CAAQMS) in large OCPs to
assess the ambient dust concentration.
IV. Strengthening Water Danger Management:
a. Preparation and maintenance of seam-wise Water Danger Plan.
b. Preparation and implementation of Monsoon Action Plan.
c. Adequate Pumping Facilities with adequate capacity of Sumps.
d. Liaison with the State Meteorological Dept. & Dam Authorities.
e. Construction of Embankments against water bodies.
f. Inter-mine joint survey between adjoining mines to prove inter-mine barriers.
g. Conducting Check Survey & Joint Survey to eliminate errors in mine survey.
V. Steps for prevention accidents in OCRs:
a. Formulation and Implementation of Mine- specific Traffic Rules.
b. Code of Practice for HEMM Operators, Maintenance staff & others.
c. Sensitization training of Contractor's Workmen involved in contractual jobs.
d. Installed a 'Universal Equipment Simulator' to impart simulation training to
Dumper, Dragline, Shovel and Dozer Operators to hone operational skills.
e. Adequate Lighting arrangements are provided for enhancement of standard of
illumination. Eco- friendly Surface Miners for blast free extraction of coal and vertical
ripper for extraction of OB and avoidance of associated risks.
f. Dumpers fitted with Proximity Warning Devices, Rear view mirrors and 360? view
cameras, Audio- Visual Alarm (AVA), Automatic Fire Detection & Suppression System
(AFDSS), Anti-Collision Device etc. Ergonomically designed seats & AC Cabins for
operators' comfort.
g. Total Station, 3D laser Scanner, Time Deflection Reflectometry & Slope Stability
Radar for monitoring OB bench and OB Dump stability. Separate road for light motor vehicle
(LMV), Safety flags for LMV, Cautions/ Danger Board, road dividers etc.
h. GPS based Operator Independent Truck Dispatch System(OITDS) in large OCPsfortracking
movement of HEM Ms inside OC mine. An E-surveillance unit has been installed in mines for
monitoring operations 24X7 in real time by using GPS/GPRS- based vehicle tracking, and
geo-fencing system.
i. Integrated command & control centre (ICCC) e-surveillance system has introduced
in WCL for efficient monitoring mining activities including safety.
j. Artificial Intelligent (Al) enabled Boom Barrier & Traffic Control System in OC
mines.
VI. Electrical Safety: For enhancing safety during use, repairing and maintenance:
a. LOTO based shut-down procedures.
b. Hydraulic ladders are being used
c. Non-contact type live conductor device
d. Engaged skilled and trained electricians and supervisors.
15.6 : Training on Mine Safety:
Initial and Refresher training & On-the-Job Training as per statute.
Training on Simulators to HEMM operators.
Skill up-graclation of frontline mine officials on continual basis on various
topics.
Sensitization of all employees including Members of Safety Committees and
contractual workmen on a regular basis.
Experienced electrical supervisors of the Area are being engaged for imparting
training to electricians and electrical helpers in VTCs.
Domain knowledge of experienced Agent, Mine Managers, E&M & Excavation
Engineers and other senior level executives are being used in imparting training to
enhance the quality of training.
16. MINE EMERGENCY RESPONSE SYSTEM
16.1: Mine Emergency Response and Evacuation Plan (EREP)
Procedures for immediate notification to all persons affected by the emergency.
Procedures for the safe, orderly and immediate withdrawal of persons from
danger.
Procedures for rescue of persons incapacitated or trapped due to accident.
Procedures for providing first aid, transportation, medical treatment to
injured.
Special training to respondto critical operations and mine emergencies.
Mock Rehearsals for examining the efficacy of Plan.
Demarcating Emergency Escape Routes in belowground and training on evacuation.
Flow Chart prepared for transmission of information regarding crisis / disaster.
16.2 : Mine Rescue Services in CIL:
Subsidiaries of CIL maintain 6 Mine Rescue Stations (MRS), 13 Rescue Rooms-with-
Refresher Training facilities (RRRT) and 17 Rescue Rooms (RR) at strategic locations to
cater to the emergencies on 24X7 basis.
All Rescue Stations/Rescue Rooms are fully equipped with adequate numbers of
rescue apparatus and staffed by adequate numbers of Rescue Trained Personnel (RTP) as per
the MRR-1985.
17. HUMAN RESOURCE DEVELOPMENT
Coal India Limited is committed to maintaining an uninterrupted coal supply chain to
ensure national energy security. Recognizing the pivotal role of Human Resources in
achieving this objective, the organization prioritizes workforce development, consistently
investing in this area. The HR leadership adopts a forward-looking approach, aligning with
the target of producing 1BT coal by 2025-26, intensifying the deployment of enabling
technology, and implementing associated training initiatives. Additionally,the company
anticipates capability diversification in the realm of business diversification, actively
preparing to adapt and evolve accordingly.
Throughout 2023-24, diverse training programs were conducted at subsidiary
headquarters, training centers, vocational training centers, and CIL's Indian Institute of
Coal Management, Ranchi. These programs were tailored to address the specific training
requirements of various employee categories, focusing on skill development, knowledge
acquisition, technological advancements, and safety protocols. Employees also underwent
training at renowned institutes like IIM Lucknow and ISM Dhanbad to enhance their
expertise in their respective operational domains.
17.1 Training and Development of Human Resource:
In the fiscal year 2023-24, a comprehensive training effort reached a total of 103,820
employees, with 98,380 receiving internal training at various CIL and subsidiary
institutes, and 5,440 trained externally through partners. Additionally, 86 executives
participated in international workshops, conferences, and visits during this period.
Furthermore, a total of 6,47,533 training man-days were logged for CIL employees,
including both executives and non-executives across subsidiaries. Moreover, recognizing
the importance of skilling among outsourced job roles, 39,374 contractor workers received
training in the same fiscal year.
17.2 Engagement of Apprentices:
In the fiscal year 2023-24, CIL and its subsidiaries employed a total of 7,623
apprentices through the NATS and NAPS portals.
17.3 Special Initiatives:
1. Policy reforms:
a. Review of existing Talent Management Policy with consultancy support from M/s
Deloitte Touche Tohmatsu India LLP. Recommendations for changes in Talent Management
Policy are being reviewed.
2. Signing up of MoU:
a. One-year PGPEx on Logistics & Operations Excellence through Digitalization
jointly organised by IIM Mumbai & IIM Sambalpur
b. 2 weeks' "General Management Program" at IIM Lucknow for Middle level
executives across ail disciplines.
3. Training outside country:
a. Advanced Global Techno-Management Programme 2023 at ASCI Hyderabad in collaboration
with ESCP Business School, France and University of Maribor, Slovenia (For international
component) - For 9 General Manager (Mining).
4. Key training programs organized for employees across CIL and its subsidiaries:
a. IPV6 Skill Training program for 30 E&T executives by E&Y in June 2023
b. Principles of Eco-Responsive Architecture towards Energy Efficient Buildings for 15
General Manager (Civil) of CIL/ Subsidiaries at HIAL, Ladakh in June 2023.
c. Training program on "E-vigilance, Cyber Awareness and
tooIsforLeveragingTechnology for Preventive Vigilance" for 25 executives from 25th
to 27th May, 2023 at International Management Institute (IMI), Kolkata campus.
d. Training Program on "Investigation into Accidents/ Incidents in Mines based on
Root Cause Analysis Techniques" at IIT (ISM), Dhanbad. (2 Batches with 44
Participants)
e. Training Program on "Implementation of Solar Project" at National Power
Training Institute (NPTI), Badarpur in November 2023 (20 participants)
f. Management Development Program on "Analysis of Financial Management at AJNIFM
Faridabad, Haryana;
g. Training on "Hospital Management & Administration" from 04th
to 30th December, 2023 at Indian Institute of Public Health Gandhinagar (IIPHG)
for 30 medical executives.
h. Safety Training and Certification Program/ courses for Executives of CIL through
Talisman Technical Pty. Ltd (40 participants)
5. Focused Training Programs organised at CIL (HQ), Kolkata:
a. Financial Modeling Training Program for Executives of CIL HQ
b. Training Program on "Stress Management & Work Life Balance; at CIL HQ
c. Workshop on Emerging Trends & Best Practices in HR
d. Workshop on Gender Sensitization and POSH Act.
6. Flagships Programs Organized for Senior Level Executives of CIL by IICM:
a. MANTHAN 2.0:
A journey of building a sustainable competitive edge for Coal India
- Designed for the new directors of CIL, the workshops focused on building a
sustainable and competitive edge for the company. Conducted a two-day workshop,
"MANTHAN 2.0", in collaboration with MCLat Bhubaneswar on August 07-08,2023.23
Directors in Manthan 2.0 participated in this workshop, equipping them to excel in their
roles and contribute effectively to the organization's success.
b. DISHA: Tailored for newly promoted General Managers, this leadership program
aims to mentor and prepare them for their upcoming roles & responsibilities. Disha 1,
Disha 2 and Disha 3 were organized from September 18-20, 2023 and September 25-27, 2023
and Feb. 09-11,2024 respectively. Total 88 General Managers were trained during two
programs.
c. LAKSHYA: A personal Journey for Leadership & Transformation: This initiative
is geared towards preparing potential candidates for interviews for board-level positions
within CIL. LAKSHYA 2.0 was organised from Nov 16-18, 2022 (nos. of Participants -24)
d. JIGYASA: An Online session of 90 minutes' duration for all the Directors of Cl
L&Subsidiaries of CIL to sensitize and share upcoming trends and development globally
in emerging topics aligned with strategic priorities.
e. Outbound trainings:
125 employees participated in outbound training program organised in collaboration with
TSAF at places like Manali, Ladakh, Mussorie, Jim Corbett.
18. RECRUITMENT
In the fiscal year 2023-24, Coal India Limited strategically bolstered its workforce by
conducting a focused recruitment campaign to hire Management Trainees and Medical
Executives via direct recruitment. This initiative effectively addressed the
organization's manpower needs due to retirements, resignations, and attrition, ensuring
operational continuity. Additionally, CIL facilitated the promotion of Non-Executive
employees to the Executive cadre across various disciplines, enhancing organizational
manpower and facilitating smooth transitions within the company's hierarchy.
The executive manpower influx in CIL for the fiscal year 2023-24 is outlined as
follows:
Direct Recruitment:
1. Open Recruitment of Management Trainees on the basis of GATE-2023 Score in 03
different disciplines - Advt. No. 03/2023 of CIL:
A total of 558 Management Trainees were selected in 03 disciplines on the basis of
GATE-2023 score, out
of 560 vacancies notified in Open Recruitment Advt. No. 03/2023 by CIL. The list of
selected candidates was published on CIL website on 20.02.2024. Currently, Documents
Verification and Initial Medical Examination for these candidates are underway across
allocated Subsidiaries since 29.02.2024.
2. Open Recruitment of Management Trainees on the basis of GATE-2022 Score in 04
different disciplines - Advt. No. 02/2022 of CIL 958
Management Trainees were selected in 04 disciplines on the basis of GATE-2022 Score
against 1026 vacancies notified in the Open Recruitment Advt. No. 02/2022 of CIL. From the
07 Selection Phases issued, 823 Management Trainees have joined across Subsidiaries till
date. Notably, 30 of these MTs joined the service during the F.Y. 2023-24.
3. Open Recruitment of Management Trainees through Computer Based Test in 08 different
disciplines - Advt. No. 03/2022 of CIL (CBT-2022):
366 Management Trainees were selected through Computer Based Test (CBT) Score in 08
different disciplines against 398 vacancies notified in the Open Recruitment Advt. No.
03/2022 of CIL. From the 02 Selection Phases issued, 343 Management Trainees have joined
across Subsidiaries till date. Notably, 37 of these MTs joined the service during the F.Y.
2023-24.
4. Decentralized Recruitment of Medical Executives through Subsidiaries/CIL - (2022-
23): 255 Medical Executives, including Medical Specialists, Sr. Medical Officers
(GDMO) and Sr. Medical Officers (Dental), were selected against 472 vacancies notified
under Decentralized Recruitment of Medical Executives for 2022-23. Of the total vacancies,
233 Medical Executives (comprising 194 GDMOs and 39 Specialists) finally joined across
Subsidiaries through the 02 Selection Phases issued. Notably, 87 of these Medical
Executives joined during the F.Y. 2023-24.
5. Decentralized Recruitment of Medical Executives through Subsidiaries/CIL -
(2023-24):
Fresh recruitment process has started for the hiring of 388 Medical Executives,
comprising 233 Medical Specialists and 155 Sr. Medical Officers/GDMO under the policy for
Decentralized Recruitment of Medical Executives through Subsicliary/CIL. Currently,
notifications have been issued by all the concerned Subsidiaries of CIL in the first week
of March 2024.
6. Closure of Training Period / Regularization of Management Trainees posted across
Subsidiaries as Executive in CIL
On satisfactory completion of one-year training period and after qualifying in the
written test conducted by IICM Ranchi, total 604 MTs posted across Subsidiaries were
regularized and placed in E3 grade from the next date of completion of training period
during the F.Y. 2023-24.
Career progression of Departmental candidates :
7. Internal Notification for Departmental Promotion / Selection from Non-Executive to
Executive cadre to the post of Sr. Officer (Mining) dated 30.09.2022 initiated in the year
2022-23: 504
Departmental candidates were promoted / selected from Non-Executive cadre to Executive
cadre to the post of Sr. Officer (Mining) - E2 grade wherein 503 have joined across
Subsidiaries in 02 selection Phases from June, 2023 to till date.
8. Departmental Promotion / Selection from
Non-Executive to Executive cadre through Computer Based Test (CBT) initiated in year
2023-24:
Internal Notification No. 01/2023 for promotion/selection of Departmental Non-
Executive employees to Executive Cadre in the 16(Sixteen) disciplines through CBT was
published on CIL website on 01.08.2023 against which, online application forms have
already been collected from the prospective Departmental candidates of CIL & its
Subsidiaries through online login portal and CBT is to be conducted shortly in this
regard.
19. MANPOWER
19.1As of April 1, 2023, the combined workforce of the Company and its subsidiaries was
239,210, compared to 228,861 as of April 1, 2024. Annexure 15 provides a
comprehensive breakdown of the subsidiary-wise manpower distribution.
19.2 Representation of SC, ST and OBC
The Presidential directives with respect to manpower for Scheduled Caste/Scheduled
Tribes/OBC have been implemented in all the subsidiaries/units of Coal India Limited.
The representation of SC/STemployees in total manpower of CIL and its Subsidiary
Companies as on 01.01.2022,01.01.2023 and 01.01.2024 is given below:
|
Total Manpower |
|
Scheduled Caste |
|
Scheduled Tribe |
As on |
Nos. |
Nos. |
Percentage |
Nos. |
Percentage |
|
|
|
|
|
|
01.01.2022 |
2,51,320 |
48,493 |
19.29 |
36,398 |
14.48 |
01.01.2023 |
2,41,563 |
46145 |
19.10 |
35,053 |
14.51 |
01.01.2024 |
2,31,058 |
44,601 |
19.30 |
33,143 |
14.34 |
19.3 Details of Persons with Disabilities (Divyangjan) and various activities
undertaken are given in Annexure 15
20. INDUSTRIAL RELATIONS AND EMPLOYEES' PARTICIPATION IN MANAGEMENT
Throughout the financial year, the Industrial Relations landscape within CIL and its
subsidiaries remained amicable. Joint Consultative Committees and other Bipartite
Committees operated smoothly at both the Unit/Area and Subsidiary (HQ) levels, fostering
cooperation. Regular meetings of Bilateral Committees were convened at CIL to discuss
matters concerning Industrial Relations, Welfare, Productivity/Production, Safety, etc.
Apart from minor localized issues in a few subsidiaries, the company encountered no
significant Industrial Relations challenges.
21. EMPLOYEES' WELFARE AND SOCIAL SECURITY SCHEMES
Coal India Limited is committed to providing equitable welfare facilities to its
employees and their families, ensuring inclusivity and non-discrimination. The details are
given as under:
21.1 HOUSING FACILITIES:
CIL and its subsidiaries allocate company quarters to eligible employees based on
availability and company regulations, ensuring decent housing for staff. Routine
maintenance and extensive repairs are conducted to uphold the quality of these
accommodations, with a current total of 316,225 standard housing units available across
CIL and its subsidiaries.
21.2 WATER SUPPLY:
Facilities for water supply have been established to ensure access to clean drinking
water for employees and their families. Water undergoes thorough treatment before
distribution, and numerous RO plants and pressure filter plants within coalfields serve
not only our employees but also the surrounding communities.
21.3 EDUCATION FACILITIES:
CIL's subsidiary companies extend financial aid and infrastructure support to schools
in mining areas, including institutions like DAV, Kendriya Vidyalaya, Delhi Public School,
and state-run educational establishments, ensuring quality education for employees'
children. Currently, 72 project schools receive full financing, while 13 other educational
institutions receive occasional assistance, and 27 company-run schools are provided
infrastructure support.
21.3.1 Coal India Scholarship Scheme:
Every year, CIL and its subsidiaries offer two categories of scholarships, namely Merit
and General Scholarships, to employees' children, adhering to specified terms and
conditions. In the fiscal year 2023-24, 1492 wards of employees received General
Scholarships, while 63 students were awarded Merit Scholarships.
a) In Merit Scholarship, Students securing 1 ' to 20" position in Madhyamik/ H.S.
or any State Board or securing 95% and above marks in ICSE, CBSE / ISC Exam (Class-X &
XII) are given scholarship per month.
General Scholarship is provided to Students studying Class-V onwards up to Graduation /
Post- graduation level in any discipline subject to prescribed percentage of marks.
b) Cash Award and certificate of appreciation: Every year Cash Award of Rs. 5000/- and
Rs. 7000/- respectively are provided to the Meritorious wards of CIL employees who secure
90% or above Marks in aggregate in 10" and 12th standard Board level
examination.
c) Coal India Limited offers financial aid to dependents of Wage Board Employees,
covering tuition fees and hostel charges, to support their pursuit of engineering or
medical studies in prestigious institutions such as NTs, NITs, Government Engineering, and
Medical Colleges, recognizing the significant expenses associated with such education.
21.4 MEDICAL FACILITIES
Coal India Limited and its subsidiaries offer medical services to employees and their
families through various medical facilities, ranging from dispensaries to central and Apex
Hospitals across coalfields. When specialized treatment is required beyond in-house
capabilities, patients are referred to empaneled hospitals.
Presently, Cl Land its subsidiaries boast 360 dispensaries, 4318 hospital beds, 1067
doctors, 511 ambulances, and 70 hospitals, including one Ayurvedic dispensary and eight
mobile vans.
Ambulances equipped with advanced technology and life support systems are stationed
strategically across the coalfields for swift patient transportation. Moreover, emphasis
is placed on Occupational Health and HIV/AIDS awareness programs for employees and their
families, while medical services, both outpatient and inpatient, are also extended to
workers employed by contractors.
21.5 STATUTORY WELFARE FACILITIES
In accordance with the provision of the Mines Act, 1952 and Rules and Regulations
framed there-under, subsidiaries of Coal India Limited are maintaining various statutory
welfare facilities for the coal mines such as 379 nos. Canteen, 547 nos. Rest Shelters and
24 nos. Pit Head Baths & 18 nos. of creches etc.
21.6 NON-STATUTORY WELFARE MEASURES
21.6.1 CO-OPERATIVE STORES AND CREDIT SOCIETIES.
To provide essential commodities and consumer goods at affordable prices within the
collieries, Coal India Limited operates 50 Central Co-operatives and 111 Primary
Cooperative Stores in the Coalfield regions. Furthermore, there are 160 Co-operative
Credit Societies functioning across the Coal Companies.
21.6.2 BANKING FACILITIES AND POST OFFICES
Coal companies facilitate the establishment of Nationalized Banks branches and
Extension Counters in Coalfields to benefit workers, with 320 Bank Branches, 35 Extension
Counters, and 5 satellite bank branches. Efforts are made to bring post offices closer to
residential colonies for worker convenience.
21.6.3 HOLIDAY HOMES
Coal India Ltd. provides facilities of Holiday homes at places of tourist attraction,
at nominal cost, for the benefit of its employees & their families. These facilities
are also available for retired employees.
21.6.4 SPORTS FACILITIES
Recreational and sports amenities are available for the welfare of workers and their
families, aiming to promote well-being and fitness.
Coal India fosters sports and cultural activities through its approved Sports Policy
managed by the Coal India Sports Promotion Association (CISPA), which offers sponsorship
and financial aid, particularly in coalfield regions.
21.7 WOMEN EMPOWERMENT
As of April 1, 2024, there are 19,421 female employees in CIL and its subsidiaries. To
safeguard their well-being, these coal companies uphold statutory regulations concerning
maternity leave, childcare leave, and provide amenities like creche facilities.
Additionally, Women in Public Sector (WIPS), a forum supported by SCOPE (Standing
Conference of Public Enterprises), operates within coal companies/CIL, aiming to empower
female employees and facilitate networking opportunities.
In terms of the provisions of the Sexual Harassment of women at workplace (Prevention,
Prohibition and Redressal) Act, 2013, Coal India Limited has an internal complaints
committee.
21.8 CIL WELFARE BOARD MEETING
The Welfare Board, consisting of representatives from both trade unions and management,
convenes regular meetings at unit/subsidiary and headquarters levels. It plays a pivotal
role in making significant decisions pertaining to employee welfare, including
improvements in housing and drinking water facilities. Additionally, the Welfare Board
oversees the quality of these facilities.
22. RECOMMENDATIONS MADE BY THE COMMITTEE ON PAPERS LAID ON THE TABLE (RAJYASABHA) IN
ITS 150TH REPORT
(A) -Vigilance Cases during the year 2023-24
I Particulars |
No. of cases |
Opening balance of Cases |
16 |
Received |
619 |
Total |
635 |
Disposed off |
630 |
Closing balance of Cases |
5 |
B. Pending CA&AG Paras (CIL H.Q.):-
PART IIA |
|
|
PART II B |
|
|
TOTAL |
|
No of Paras received |
No of Paras replied |
Remarks |
No of Paras received |
No of Paras replied |
Remarks |
No of Paras |
No of Paras replied |
Remarks |
18 |
18 |
Under scrutiny of C&AG |
15 |
15 |
Under scrutiny of C&AG |
33 |
33 |
Under scrutiny of C&AG |
|
|
|
|
|
|
|
|
|
Replies to all the CAG Paras have been given and the matter is under scrutiny of
C&AG. The matter is being regularly followed up with the office of C&AG.
C. RTI Matters:
Extracts of RTI Annual Return for the Financial Year 2023-24
Particulars |
Requests Received (including cases transferred to other Public
Authority) |
No. of cases transferred |
Decisions where requests/appeals rejected |
Decisions where requests /appeal accepted & disposed |
Nos. |
2036 |
861 |
81 |
1094 |
23. TREE PLANTATION / AFFORESTATION
Every year, CIL's subsidiaries undertake extensive tree plantation programs to develop
green belts. This includes avenue plantation, planting on OB dumps, and in and around
mines, residential colonies, and government land. In FY 2023-24, CIL planted 44.40 lakh
saplings, covering approximately 2,167.61 hectares within and outside mine leasehold
areas. Additionally, grassing was carried out over 248.65 hectares during this period.
24. PROGRESSIVE USE OF HINDI
Your Company is committed to implement the provisions of the Official Language Act,
Rules and Regulations and all the mandatory activities are conducted regularly in every
quarter. The activities undertaken throughout the year include:
Review meeting of CIL Official Language Implementation Committee was organized
every quarter.
To promote the use of Hindi in office work, a total of 4 workshops were
organized in each quarter. Training and practice programs related to Hindi e-tools, Hindi
noting, drafting and regular official works were organized and information about
constitutional provisions was given.
Under the provisions of in-service Hindi training, Hindi "Praveen" and
"Parangat" classes are being conducted for the total 25 CIL employees in
January-2024 session in collaboration with the Government of India's Hindi Teaching
Scheme, Department of Official Language, Ministry of Home Affairs and 09 trainees received
training in Hindi the July, 2023 session of 'Pragya' class.
Asuggestion committee has been constituted under the leadership of Official
Language Department, CIL with the objective of removing the problems being faced in the
implementation of official language in the member offices of TOLIC (PSUs), Kolkata. The
said committee visited NBCC office, Kolkata and NTPC office, Kolkata on 27.04.2023 and
National Seed Corporation, Kolkata and Dedicated Freight Corridor, Kolkata office were
visited on 07.07.2023. Necessary suggestions were given and information about the
available technology was also shared.
On the auspicious occasion of the birth anniversary of Gurudev Shri Rabindranath
Tagore on 09/05/2023, a one-day national seminar on the topic "Hindi and Indian
Literature" was organized at the University of Calcutta, Kolkata under the joint
collaboration of Coal India Ltd. and Calcutta University.
On the occasion of birth anniversary of Premchand on 31.07.2023, a one-day
seminar was organized on the topic "Premchand's contribution to the development of
Hindi" at Coal India (HQs.) campus.
The 14th issue of Coal India's In-house Hindi magazine 'Koyla Darpan
' was released on the occasion of Independence Day, 2023 and the 15th issue was
released on the auspicious occasion of Republic Day, 2024.
A half yearly review meeting was organized at Hotel Taj, City Center, Kolkata on
25.08.2023 under the chairmanship of CIL and under the aegis of TOLIC (PSUs), Kolkata. In
which, member offices which performed excellent in the field of official language
implementation and Hindi magazine publication during the year 2022-23 were awarded.
This year Hindi fortnight was organized from 14-29 September 2023 at Coal India
Ltd. (HQs), Kolkata. Various types of competitions like, travelogue writing competition,
translation competition, letter and note writing competition, quiz competition, group
discussion competition and essay writing competition in two categories, i.e. junior and
senior for the students of Kendriya Vidyalaya, No. 2, Salt Lake, Kolkata were organized.
In the fortnight, a total of 243 participants took part.
On 29.09.2023, a meeting of the Official Language Implementation Committee and
prize distribution program was organized underthe Official Language Fortnight Closing
Ceremony. In the said function, the winners of the competitions held during the fortnight
were encouraged by giving prizes and three departments which did excellent official work
in official language Hindi were given 'CIL Rajbhasha Chalshield'.
On 07.11.2023, Coal India Limited and TOLIC (PSUs), Kolkata were inspected by
the Sub-Committee on Documents and Evidence of the Committee of Parliamentary on Official
Language.
On 13.12.2023, a meeting of the Hindi Advisory Committee, Ministry of Coal was
held under the chairmanship of Honourable Coal Minister Shri Prahlad Joshi.
The functioning of TOLIC (PSUs), Kolkata is being managed under the chairmanship
of Coal India Ltd. (HQs), Kolkata. TOLIC (PSUs), Kolkata has taken a new initiative and
has created a web page for reviewing the quarterly reports of its member offices. On
15.12.2023, a one-day workshop was organized on the subject of usage of TOLIC webpage.
In view of the importance of translation in office work and to facilitate the
implementation of official language, a five-day short translation training program was
organized at Coal India Limited (HQ), Kolkata campus from 18.12.2023 to 22.12.2023 under
the joint aegis of Coal India Limited (HQs), Kolkata and Central Translation Bureau,
Kolkata Center, Department of Official Language, Ministry of Home Affairs. In which a
total of 28 trainees received training.
Translation competition on 11.05.2023, Group Discussion Competition on
21.07.2023, Picture Expression Competition on 19.12.2023, Essay Competition on 20.12.2023,
Travelogue Writing Competition on 24.01.2024, Poetry Recitation Competition on 13.02.2024,
Hindi Letter/Note/ Format Writing Competition on 15.03.2024 and Hindi Seminar on
22.03.2024 were organized for the participants of member offices under the chairmanship of
CIL and aegis of TOLIC (PSUs), Kolkata.
On 12.01.2024, a kavi sammelan was organized in the premises of Coal India Ltd.
(HQs). In which the poets entertained the members of the coal family with their poetry
recitation.
Half Yearly review meeting of TOLIC (PSUs), Kolkata was held on 31.01.2024
underthe Chairmanship of Director (P&IR), CIL.
Atechnical seminar was organized forTOLIC (PSUs), Kolkata on 31r>t
January , 2024. In which the Official Language Nodal Officers of CIL and Hindi and other
senior officers of other member offices participated .
The 28th and 29v issue of Hindi magazine
"Abhivyakti" of TOLIC (PSUs), Kolkata published by Department of Official
Language, CIL, was released during the half yearly review meeting on 25.08.2023 and
31.01.2024 respectively.
During the year, inspection of various departments of ClL(HQs) was carried out
regarding implementation of Official Language. Along with this, a technical workshop was
also organized for the departments. In which the ease of working in Hindi was demonstrated
through practical technical exercises.
CIL Annual Reports and Accounts 2022-23 translated in Hindi .
In order to promote the use of Hindi in official work, the following schemes have been
implemented:
(i) "CIL Hindi Book Writing Incentive Scheme"
(ii) "Incentive Scheme for Correspondence / Drafting and doing other official work
in Hindi"
(iii) CIL Hindi book writing scheme
(iv) CIL Rajbhasha ChaI Shield Yojna
Hindi Award -
On March 8, 2024, at the Joint Official Language Conference and Award Distribution
Ceremony of East and Northeast Region organized by the Department of Official Language,
Ministry of Home Affairs, Government of India, in Siliguri, West Bengal, Hon'ble Minister
of State for Home Affairs, Shri Nishith Pramanik awarded the second prize (shield) in
"C region" to the TOLIC (PSUs), Kolkata for the best performance in official
language in the year 2022-23. It is noteworthy that TOLIC (PSUs), Kolkata is being chaired
and led by Shri Vinay Ranjan, Director (P&IR), CIL. Member Secretary of TOLIC (PSUs),
Kolkata and Head of Department (Official Language), CIL, Shri Rajesh V. Nair was honoured
with a certificate for his special contribution.
25. VIGILANCE DIVISION
Coal India Ltd. operates a meticulously organized Vigilance Division located at its
Corporate HQ in Kolkata, led by a Chief Vigilance Officer and supported by a diverse team
of vigilance officers. Similarly, its eight subsidiaries have their independent Vigilance
Units, each headed by a Full time CVO. At the level of holding company, CVO, CIL acts as a
coordinating authority between subsidiary Vigilance, CBI, Ministry of Coal and the Central
Vigilance Commission. CVO, CIL at corporate level deals with complaints, investigations
and systemic improvements on issues having multi-subsidiary and company-vide
ramifications.
Complaints received within the organization are addressed in alignment with CIL's
"Complaint Handling Policy" and the guidelines established by the CVC. These are
processed using the Online Complaint Handling Portal from the point of receipt until
resolution. As part of preventive vigilance efforts, CIL's vigilance division conducts
System Studies on various business processes with operational and financial implications,
proposing specific system improvement suggestions for management. Below are some of the
System Improvement Measures (SIMs) implemented during the fiscal year 2023-24 :
a. Medical Bill reimbursement:
The scrutiny and approval of medical bills for Coal India Limited's employees occur at
the Finance Department of CIL-HQ, bypassing examination by medical professionals, contrary
to established procedures. Additionally, the absence of Standard Operating Procedures
(SOPs) for bill approval further complicates the process. To address these issues, the
Vigilance Division recommended integrating all bills into the ERP portal for real-time
tracking and establishing SOPs for bill approval, measures that have been successfully
implemented.
b. Review of Sub-contracting Clauses in NIT/ LOA:
During Investigation in one of the subsidiaries regarding allegations of violation of
sub-letting clause of a service contract, it was found that subcontracting is not allowed
in part or whole in any circumstances as per terms & conditions of NIT and subsequent
LoA issued. During the execution of the work, some peripheral works, other than core
activity, were found to be sub-contracted. Therefore, it is essential that based on the
requirement of the job, special care is to be taken while drafting terms & conditions
of NITs. After examination of the Vigilance Investigation Report, on advice of CVC,
Systemic improvement suggestions were issued to redefine the clauses in similar tenders so
as to align with practicality of contracts.
c. Modification in Standard NIT Documents.
A case where the Standard Bidding Document which was approved by CIL Board and modified
at subsidiary level has been examined at CIL vigilance. The Model Bid document for setting
up of washeries on Built Own Operate (BOO) basis was approved by CIL Board, which also
authorized Subsidiary Board to approve minor modifications.
Systemic Improvement measures were suggested that any changes in the Model Bid
Document, made by subsidiaries as per requirement of subsidiary companies should be
communicated to CIL for examining its applicability uniformly across CIL. It was also
suggested that the guidelines issued for e-procurement of works & services by CIL
should clearly spell out major and minor changes, as far as possible. Further suggested
for updation of the Model Bid Document to setup washeries on BOO basis since the last
Model Bid Document for BOO was approved by CIL Board on 2015.
d. SIMs regarding prior intimation / previous sanction for acquiring immovable
property:
The process for executives for prior intimations / previous sanctions for acquiring
properties was manual and paper-based. This method lacked efficiency and transparency. The
Annual Property Return (APR) portal of CIL didn't include a feature to record these
intimations or sanctions. The manual submission process makes it cumbersome and
time-consuming, making it challenging to scrutinize the information properly. To address
these issues, there was a need to enhance the APR portal by incorporating a module for
online submission of applications related to prior intimations or seeking previous
sanctions for immovable properties, in compliance with CDA rules. This modification aims
to streamline the process, reduce human intervention, and ensure transparency by
seamlessly integrating each entry in the Annual returns with the respective intimation or
sanction obtained. Suggestions were made to the management which is now under
implementation.
e. Banning of Business with firms/ suppliers:
It is observed that inordinate delay was taking place at CIL in dealing the matters
related to Banning of Business with firms communicated by subsidiaries. CIL management was
suggested for taking appropriate action for System improvement in the matter.
Subsequent to the SIMs issued, CIL management has amended the provisions of the
Purchase Manual concerning the banning of firms. These amendments outline specific clauses
under which banning will apply uniformly across CIL or will be limited to a particular
subsidiary. Moreover, the revised provisions allow for the extension of bans to other
subsidiaries following an assessment of conduct and performance from other subsidiaries.
An SOP has been issued, which is also a part of CIL's Purchase Manual.
Complaint Handling:
During the year 2023-24, CIL Vigilance Division received 619 complaints including those
forwarded by MoC, CBI and CVC, out of which 614 complaints have been disposed during the
year.
Punitive Vigilance: The Vigilance Units of CIL and its subsidiaries undertook
numerous intensive examinations, surprise checks and investigations leading to punitive
actions on 215 officials during the year.
Observance of Vigilance Awareness Week (VAM)- 2023:
In the year 2023, Vigilance Awareness Week was observed from 30" October to
5" November, 2023 on the theme "Say no to corruption; commit to the
Nation".
The observance of VAW was preceded by a special campaign during the period 16v
August 2023 till 15" November, 2023 as a prelude to Vigilance Awareness Week 2023 on
Preventive Vigilance cum Housekeeping activities as circulated by CVC vide Circular No.
06/08/23, dated 02.08.2023 with six focus areas, namely; Awareness building about PIDPI
Resolution, Capacity Building Programs, Identification and implementation of Systemic
Improvement measures, Leveraging of IT for compliant disposal, Updation of Circulars/
Guidelines/ Manuals and Disposal of Complaints. Stake-holders' and Customers' Meets have
been organized and suggestions/ issues raised are acted upon. During this week Integrity
pledge, Essay writing competition, speech competition, online quiz amongst the school and
college students, drawing and painting competition of students, spouses and wards of
employees of Coal India conducting sensitization program, walkathon for vigilance
awareness etc. were organized by CIL HQ.
26. PARTICULARS OF EMPLOYEES AND THEIR REMUNERATION
As per the Notification issued by the MCA on 5" June 2015, Government Companies
are exempt from this requirement. None of the employees at Coal India Limited (CIL) and
its subsidiaries earn more than Rs. 1.02 crore per annum.
27. BOARD OF DIRECTORS & KEY MANAGERIAL PERSONNEL
As on 31.03.2024, the composition of Board comprising of Functional Directors,
Government Nominee Directors and Independent Directors and Key Managerial Personnel
areasunder:-
a) Functional (Executive) Directors: -
1. Shri Pramod Agrawal [DIN-00279727]- Chairman cum Managing Director (CMD) upto
30" June' 2023.
2. Shri P. M. Prasad [DIN-08073913]- Chairman cum Managing Director (CMD) from 01
'July' 2023
3. Shri Vinay Ranjan [DIN-03636743]- Director (P & IR)
4. Dr. B. Veera Reddy- [DIN-08679590]- Director (Technical)
5. Dr. B. Veera Reddy- [DIN-08679590]- Director (Finance), Acldl. Charge till 01st
May'2023
6. Shri Debasish Nanda [DIN-09015566]- Director (Business Development)
7. Shri Debasish Nanda[DlN-09015566]-Director (Finance), Addl. Charge-from 02':
May' 2023 to 7th February' 2024.
8. Shri Mukesh Chouclhary [DIN-07532479]- Director (Marketing)
9. Shri Mukesh Agrawal [DIN-10199741 J-Director (Finance)-from 08" February' 2024.
b) Government Nominee Directors: -
1. Mrs Nirupama Kotru-[DIN-09204338]- JS & FA, MoC
2. Shri Nagaraju Maddirala-[DIN-06852727] - Addl.Secy,MoC.
c) Independent Directors: -
1. Prof. G. Nageswara Rao -[DIN-08461461 ]
2. CADenesh Singh-[DIN-08038875]
3. Shri B. Rajesh Chander - [DIN-02065422]
4. CA Kamesh Kant Acharya -- [DIN-09386642]
5. Shri Makwana P Kalabhai - [DIN-09385881 ]
6. Dr. Arun Kumar Oraon - [DIN-09388744]
7. Shri Ghanshyam Singh Rathore - [DIN-09615384]
d) Key Managerial Personnel: -
1. Shri Pramod Agrawal -Chief Executive Officer (CEO) upto 30th June' 2023
2. Shri P. M. Prasad-Chief Executive Officer (CEO) from 1* July' 2023.
3. Shri S.K. Mehta, ED (Finance)- Chief Financial Officer (CFO) upto 12th
February' 2024.
4. Shri Mukesh Agrawal- Chief Financial Officer (CFO) from 13th February'
2024.
5. Shri B. P. Dubey- Company Secretary and Compliance Officer, CIL.
Your Directors express their profound appreciation forthe valuable guidance and
services provided bythe Directors who concluded their tenure during the year.
In terms of Article 39(j) of the Articles of Association of the Company, one third of
the Directors are liable to retire by rotation shall retire at the ensuing Annual General
Meeting and they are eligible for reappointment. Shri Debasish Nanda, Director (Business
Development), CIL and Mrs Nirupama Kotru, JS & FA, MoC, Govt. Nominee Director will
retire by rotation and has offered themselves for re-appointment.
The Board of Directors held 14 meetings during the
year 2023-24.
28. COMPOSITION OF AUDIT COMMITTEE
CIL constituted an Audit Committee of its Board of Directors w.e.f. 20th
July' 2001 and the Audit Committee was re-constituted bythe Board in its 433rd
meeting held on 12" Nov'2021 consisting of 4 Independent Directors, One Government
Nominee Director, One Whole Time Director (Director Technical) and One permanent Invitee
(Director Finance). The composition, quorum, powers, role and scope are in accordance with
Section 177 of the Companies Act, 2013 and the provisions of Regulation 18 of SEBI (LODR)
2015. Details were disclosed in Corporate Governance Report
29. COMPOSITION OF CSR COMMITTEE
Sustainable Development Committee including CSR was constituted by CIL Board of
Directors in its 282" meeting held on 16-04-2012. This Committee was renamed as CSR
Committee in pursuant to Section 135 of the Companies Act, 2013 and the Companies
(Corporate Social Responsibility) Rules, 2014. This committee was reconstituted on 12th
November 2021 comprising of 2 Independent Directors, 1 Govt. Nominee Director and
1 Functional Director and thereafter it was reconstituted on 25th Sept'2023
with 3 Independent Directors, 1 Govt. Nominee Director and 1 Functional Director. Details
were disclosed in Corporate Governance Report
30. DECLARATION GIVEN BY INDEPENDENT DIRECTORS UNDER SUB-SECTION (6) OF SECTION 149.
Independent directors have given their declaration during 2023-24 that they meet the
criteria of independence as stipulated in sub-section (6) of Section 149 of the Companies
Act 2013.
Further, as required under Section 149(7) of Companies Act'13 and Regulations 25(8) of
SEBI (LODR) Regulations 2015, Independent Directors had submitted declaration that they
meet the Independence Criteria as provided in Clause (b) of Regulation 16(i) of LODR 2015
and they are not aware of any circumstance or situation, which exists or may be reasonably
anticipated that could impair or impact their ability to discharge duties with an
objective independent judgment and without any external influence. Further, as required
under Regulation 25(9) of LODR 2015, the Board of Directors of the Company at its 464th
Board meeting held on 2nd May'24 'took on record' the declaration and
confirmation submitted by the Independent Directors under Regulations 25(8) after
undertaking due assessment of the veracity of the same.
31. APPOINTMENT/RE-APPOINTMENT AND
INTEGRITY, EXPERTISE & EXPERIENCE (INCLUDING PROFICIENCY) OF
INDEPENDENT DIRECTORS
All Rs.Independent Directors had registered themselves with Data Bank of IICA. As
stipulated by SEBI (LoDR) Regulations 2015, the list of core skills/expertise/ competence
as possessed by them was approved by Board in its 465th Board meeting held on
10th May'24. This includes integrity, expertise and experience of Independent
Directors.
32. RECOMMENDATION OF AUDIT COMMITTEE AND OTHER SUBCOMMITTEES OF THE BOARD.
All the recommendations made by Audit Committee and other Sub-Committees were accepted
by the Board.
33. COMPANY'S POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION INCLUDING CRITERIA FOR
DETERMINING QUALIFICATIONS, POSITIVE ATTRIBUTES, INDEPENDENCE OF A DIRECTOR AND OTHER
MATTERS PROVIDED UNDER SUB-SECTION (3) OF SECTION 178.
MCA vide Notification dated 5th June'201 5 had exempted the above for
Government companies.
34. REMUNERATION POLICY OF DIRECTORS, KM PS AND SENIOR MANAGEMENT - SECTION 178(4).
MCA vide Notification dated 5"' June'2015 had exempted the above for directors of
Government companies.
35. A STATEMENT INDICATING THE MANNER IN WHICH FORMAL ANNUAL EVALUATION HAS BEEN MADE
BY THE BOARD OF ITS OWN PERFORMANCE AND THAT OF ITS COMMITTEES AND INDIVIDUAL DIRECTORS.
MCA vide notification dated 5"' June'201 5 had exempted evaluation mechanism for
Govt. Companies.
36. CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES
Related Party Transactions made with the Subsidiary companies were exempted under
Regulation 23(5)(a) and (b) of Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 being transactions between two government
companies and transactions entered between a holding and its wholly owned Subsidiaries
whose accounts are consolidated with holding company and placed before the shareholders at
the general meeting for approval. Accordingly, Form AOC 2 is not applicable.
37. LOAN, GUARANTEES OR INVESTMENTS BY A COMPANY UNDER SECTION 186 OF THE COMPANIES
ACT'2013
Loan, guarantees and investments made by Coal India Limited in terms of Section 186 of
the Companies Act 2013 is enclosed in Annexure 16.
38. FAMILIARIZATION PROGRAMME OF BOARD MEMBERS.
Board of Directors are fully briefed on all business-related matters, associated risk
and mitigation measure taken by the company, new initiatives etc. of the company. The
Board of directors were also briefed about the provisions of Companies Act 2013,
Prohibition of Insider Trading Regulations as amended and SEBI (Listing Obligations and
Disclosure Requirement) Regulations 2015.
As per regulation 46 of SEBI (Listing Obligations and Disclosure Requirement)
Regulations 2015, the details of familiarization programmes given to Independent Directors
is to be disclosed on the website of the company. The same is disclosed in company's
website and link is given hereunder: -
https://d3u7ubx0okog7j.cloudfront.net/documents/ Familiarization Training Programmes
imparted to Independent Directors For the TaWcM39.pdf
39. SEXUAL HARASSMENT OF WOMEN AT THE WORKPLACE
The company has an Anti-Sexual Elarassment Policy in line with the requirements of The
Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Reclressal)
Act, 2013. Internal Complaints Committee (ICC) is working at every Subsidiary and office
of Coal India Limited to redress complaints regarding sexual harassment. All women
employees (permanent, contractual, temporary, trainees) are covered under the said policy.
The ICC members of Coal India Limited, headquarters as on 31st March'24 are as
follows:
1. Smt. Ratna Tripathy - Chairperson
2. Shri Amitabh Kumar Singh- Member
3. Smt. Namrata Shukla- Member
4. Ms. Shweta Loharuka - Member
5. Shri Arun Bohra - Member
6. Ms. Pallabi Haider - NGO Member
No sexual harassment complaint was received during the F.Y. 2023-24 at Coal India
Limited Hqs.
40. DIRECTORS' RESPONSIBILITY STATEMENT
In terms of Section 134(3)(c) of the Companies Act, 2013, read with the Significant
Accounting Policies at Note-2 & Additional Notes on Accounts at Note-38 forming part
of CIL (Standalone) Accounts and Significant Accounting Policies at Note-2 &
Additional Notes on Accounts at Note- 38 forming part of CIL (Consolidated) Accounts.
It is confirmed that:
a) In the preparation oftheAnnual financial statements, the applicable Indian
Accounting Standards have been followed and no material departures have been made from the
same;
b) The Accounting Policies have been selected and applied consistently and judgements
and estimates made that are reasonable and prudent so as to give a true and fair view of
the state of affairs of the company at the end of the financial year and profit and loss
of the company for that period;
c) Proper and sufficient care has been taken for the maintenance of adequate accounting
records in accordance with the provisions of this Act for safeguarding the assets of the
Company and for preventing and detecting fraud and other irregularities;
d) The Annual Financial Statements have been prepared on a going concern basis;
e) Internal Financial Controls have been laid down and such controls are adequate and
were operating effectively during the year ended 31March'2024.
f) Proper systems have been devised to ensure compliance with the provisions of all
applicable laws and such systems were adequate and operating effectively.
ForCIL(Consolidated) Financial Statements,such confirmation is based on confirmation
obtained from ten Indian subsidiaries of CIL viz: Eastern Coalfields Limited, Bharat
Coking Coal Limited, Central Coalfields Limited (consolidated), Northern Coalfields
Limited, Western Coalfields Limited, Mahanadi Coalfields Limited (consolidated), South
Eastern Coalfields Limited (consolidated), Central Mine Planning & Design Institute
Limited, CIL Solar PV Limited and CIL Navikarniya Urja Limited. However, for the overseas
subsidiary viz. Coal India Africana Limitada, incorporated under Mozambique Commercial
Code and for Joint Ventures viz. International Coal Ventures Private Limited, NTPC Urja
Private Limited, Hindustan Urvarak & Rasayan Limited, Talcher Fertilizers Limited and
Coal Lignite Urja Vikas Private Limited where CIL is not the majority shareholder, such
confirmation has not been obtained.
Internal Financial Control & its Adequacy: (Details are disclosed in MDAR)
41. ACCOUNTS OF THE SUBSIDIARIES
The statement containing the salient features of the financial statements of company's
Subsidiaries, Associate companies and Joint ventures under the first proviso to
sub-section (3) of section 129 of Companies Act,2013 is enclosed as AOC 1 in Annexure
17. In terms of General Circular No.2/2011 dated 8"' Feb 2011 from Ministry of
Corporate Affairs, the Annual Accounts of the Subsidiary companies shall be made available
to the shareholders on demand.
42. COST AUDIT REPORT & COST AUDITOR
M/s R. M. Bansal & Co conducted Cost Audit of CIL (Standalone) for the Financial
Year 2022-23 and Cost Audit Report was approved by the Board of Directors at its meeting
held on 25th September, 2023 at Kolkata. All the Cost records as specified by
the Central Government under sub-section (1) of section 148 of the Companies Act, 2013 are
made and maintained.
M/s R. M. Bansal & Co was appointed as Cost auditor for CIL Standalone for the
Financial Year 2023-24 & FY 2024-25 and e-form CRA-2 has been filed with MCA.
43. IMPORT
Imports made by Coal India Ltd (Consolidated) in the last 3 years is as below:
|
|
( Rs. in Crores) |
Year |
1 Assessed Value |
|
2021-22 |
517.78 |
168.71 |
2022-23 |
1028.31 |
263.04 |
2023-24 |
710.21 |
228.32 |
44. SECRETARIAL AUDIT
In pursuance of Section 204 of Companies Act 2013, Company had conducted Secretarial
Audit for the year 2023-24 by a peer reviewed practising Company Secretary firm M/s Mehta
& Mehta, Practising Company Secretaries whose appointment was approved by CIL Board.
Company has obtained 'Secretarial Audit Report' for the year 2023-24 in form MR-3 and the
response to their comment is enclosed in Annexure 18. In addition, CIL has 6
Material Unlisted Subsidiaries and their Secretarial Audit Report alongwith observation of
Secretarial Auditor and Management Reply thereof are also annexed as per Regulation 24A of
LODR 2015.
45. STATEMENT INDICATING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY
CIL has approved Risk Management Charter and Risk Registers to build up a strong Risk
Management Culture to achieve company's goals and objectives. The entity level Risk
Assessment comprises Strategic Risk, Operational Risk, Financial Risk, Compliance Risk,
Project Related Risk and Support System Risk.
As per the Risk Register, various risks have been identified for CIL & its
Subsidiaries. Risk Owner & Risk Mitigation Plan Owners have been nominated for each
risk identified to ensure continuous monitoring and mitigation thereof. A Risk Management
team headed by CRO in consultation with HoDsand undertheguidanceof the Risk Management
Committee had implemented the governance process envisaged in the Risk Management
Framework along with formulation of Risk Mitigation plans for RTMs (Risk That Matters) of
CIL. The Seven RTMs of CIL under purview of risk management are :
1. RiskduetounviableUnderground,Miningoperations
2. Cyber Security Risk,
3. Competition risk from Commercial mining and renewables
4. Credit risk of receivables,
5. Operational Safety Risk arising out of mining Operations
6. Evacuation challenges for coal offtake and
7. Technology upgradation and improvement of availability & utilization of HEMM.
To strengthen the existing Cyber Security measures, CIL intends to enhance its approach
by implementing thorough IT Security risk assessments and establishing a roadmap for
Information Security Management System (ISMS) across CIL and its Subsidiaries.
46. PARTICULARS OF SENIOR MANAGEMENT
In the FY 2023-24, the following Executives were appointed in the post of Executive
Directors:
SI. No. |
EIS |
Name |
Designation |
Date of Joining |
1 |
90089210 |
Pratul Dev Sharma |
Ed (Materials & Contracts) |
01-JUL-2023 |
2 |
90040890 |
Sujay Haider |
Ed (Marketing & Logistics) |
01-JUL-2023 |
In the FY 2023-24, the following Executives holding posts of Executive Directors have
superannuated /have been selected for higher post:
SI. No. |
EIS |
Name |
Designation |
Reason of vacation of post |
Date of separation from post |
1 |
90183617 |
Ajay Kumar Choudhary |
Ed (Personnel) |
RETIRED |
31 -MAY-2023 |
2 |
90113333 |
A S Bapat |
Ed (Environment) |
SELECTED AS D(T) MCL |
01 -JUN-2023 |
3 |
90089186 |
Ambuj Kumar Mohanty |
Ed (Materials & Contracts) |
RETIRED |
30-JUN-2023 |
4 |
90108911 |
Dr. Anurag Garg |
Ed (Marketing & Logistics) |
RETIRED |
30-JUN-2023 |
5 |
90176355 |
M K Singh |
Ed (Coordination) |
RETIRED |
31 -OCT-2023 |
6 |
90080847 |
Narayan Dash |
Ed (Safety & Rescue) |
RETIRED |
30-NOV-2023 |
7 |
90102997 |
Rakesh |
Ed (let) |
RETIRED |
31-DEC-2023 |
8 |
90187097 |
Soumitra Singh |
Ed (Solar) |
RETIRED |
31-MAR-2024 |
47. FOREIGN EXCHANGE EARNING AND OUTGO UNDER RULE 8 OF COMPANIES (ACCOUNTS) RULES 2014
The details of Foreign Exchange Earnings and Outgo are provided in Annexure 19.
48. DETAILS ABOUT TECHNOLOGY ABSORPTION AND RESEARCH AND DEVELOPMENT OF THE COMPANY
The details of Technology Absorption and Research and Development of the Company are
provided in Annexure 20.
49. DISCLOSURE AS PER SECTION 135 OF THE COMPANIES ACT 2013 ON CORPORATE SOCIAL
RESPONSIBILITY
CIL's CSR initiatives and activities are aligned to the requirements of Section 135 of
the Companies act' 2013.
A brief outline of the CSR policy of the Company and the initiatives undertaken by the
company during the year are set out in Annexure 21 of this report in the format
prescribed in the Companies (Corporate Social Responsibility) Rules, 2014. This policy is
available on the Company's website at https:// d3u7ubx0okog7j.cloudfront.net/documents/CSR
Policy w.e.f. 08.04.2021.pdf
For other details regarding the CSR Committee, please refer to the Corporate Governance
Report, which is a part of this report.
50. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS ETC.
The details regarding significant and material orders passed by the regulators or
courts etc are provided in Annexure 22.
51. CORPORATE GOVERNANCE REPORT
The detailed Corporate Governance Report is provided in Annexure 23.
52. WEBLINK
The following policies are uploaded and may be accessed on the Company's website as
under: -
1. Corporate Social Responsibility Policy:
https://d3u7ubx0okog7j.cloudfront.net/ clocuments/CSR Policy w.e.f. 08.04.2021.pdf
2. Vigil Mechanism/Whistle Blower Policy:
https://d3u7ubx0okoci7j.cloudfront.net/ documents/whistle-blower-policv TYEsLJw.pdf
3. Policy for determining Material Subsidiaries:
https://d3u7ubx0okog7j.cloudfront.net/ documents/PQI.ICY FOR DETERMINING MATERIAL
SUBSIDIARIES 21032015.pdf
4. Related Party Transaction Policy:
https://d3u7ubx0okoa7i.cloudfront.net/ clocuments/Related Party cOumNP8.pdf
5. Policy on determination of Materiality under SEBI(LODR) Regulations,2015
htt p s: / / cl 3u7ubx0oko ci 7j.cloudfront.net/ docu m ents/Pol icv on determination
of Materiality under SEBI LODR Regulations 2015 030 CnX61Sk.PDF
6. Po I icy on Preservatio n of documents i nciud i ng Archival Policy under SEBI(LODR)
Regulations 2015
https://cl 3u7ubx0okoa7j.cloudfront.net/ documents/Policy on Preservation of documents
including Archival Policy under SEBI LODR ZXTbKI6.pdf
7. Dividend Distribution Policy under SEBI (LODR) Regulations 2015
https://d3u7ubxOokog7j. clou cl front, net/ documents/Dividend Distribution policy of
Coal India Limited 25102017 QwCV1sY.pdf
8. Annual Return for the year 2023-24.
Pursuant to Section 92(3) read with Section 134(3Xa) of the Act, the Annual Return as
on March 31, 2024 is available on the Company's website on https:// d3u Rs.u bxOokog 7i
.cloudfront.net/documents /Draft AR 2324.pdf
9. Business Responsibility and Sustainability Report (BRSR) 2023-24
As per Regulation 34(2) of SEBI (LoDR) Regulations 2015, top one thousand listed
entities based on market capitalization is required to prepare a Business Responsibility
and Sustainability Report(BRSR) on the environmental, social and governance disclosures.
Accordingly CIL had prepared a Business Responsibility and Sustainability Report for
FY2023-2024. CIL had obtained Limited Assurance of BRSR 23-24 from M/s SR Asia. As
per NSE circular no NSE/CML/2024/11 dated: May 10, 2024, the BRSR can be provided as a
LINK in the Annual Report of the Company instead of publishing the whole report. As such
the BRSR 2023-24 can be accessed from the link given as under:-
https://d3u7ubx0oko g7j.cloudfront.net/ documents/Coal India BRSR 26 07 2024 V3.pdf
53. CONFIRMATION BY CIL: -
1. None of the Directors are disqualified for appointment as per Section 164 of the
Companies Act'201 3.
2. Company has not issued any Equity share with differential voting rights, Sweat
Equity shares and ESOP.
3. The Unclaimed 1 ' Interim Dividend amount for the financial year 2016-1 Rs.amounting
to Rs. 1,54,02,937/- was transferred to IEPF Account on 10' April, 2024. In addition,
33,235 shares in respect of which dividend remained unclaimed for the last Rs.years had
also been transferred to IEPF Account on 1 4.05.24. The details are available in CIL
website.
Further 2 ; Interim Dividend amount for the financial year 2016-17 amounting
to Rs. 19,00,874/- was transferred to IEPF Account on 30' April, 2024. In addition, 14065
shares in respect of which dividend remained unclaimed for the last Rs.years had also been
transferred to IEPF Account on 31.05.24. The details are available in CIL website
4. No Statutory, Secretarial, and Cost Auditors had resigned during the year 2023-24.
5. No relative of any Director was appointed to place of profit.
6. As per Regulation 32(4) of SEBI (Listing Obligations and Disclosure Requirement)
Regulations, 2015 deviation of Proceeds of Public issue is not applicable to the company.
7. There is no deposit covered under Chapter V of Companies Act 201 3.
8. There is no deposit, which is not under compliance of Chapter V of Companies Act
2013.
9. There is no change in the nature of business.
10. No Director is in receipt of any commission from Subsidiary companies in which he
is a director.
11. Applicable Secretarial Standards have been duly followed by the Company.
12. There are no Material changes in company business from the end of financial year
2023-24 till the date of this Board Report.
13. There has been no application made or any proceeding pending under the Insolvency
and Bankruptcy Code, 2016 as at the end of the financial year 2023-24.
14. The details of difference between amount of the valuation done at the time of
one-time settlement and the valuation done while taking loan from the Banks or Financial
Institutions along with the reasons thereof- Not applicable in CIL for the financial
year2023-24.
54. ADDITIONAL INFORMATION
1. Details in respect of frauds reported by Auditors under section 143(12) other than
those which are reportable to the Central Government.:
No such report of fraud as per the Audit Report of Standalone as well as Consolidated
Financial Statements has been received.
2. Material changes and commitments, if any, affecting the financial position of the
company which have occurred between the end of the Financial Year and the date of the
report:
No such material changes and commitments occurred between the end of the Financial Year
and the date of the report which may affect the Standalone as well as the consolidated
financial position of the company.
3. The names of companies which have become or ceased to be its subsidiaries, joint
ventures or associate companies during the financial year.
There were no new incorporations or cessations of existing subsidiaries, joint
ventures, or associate companies during the financial year 2023-24.
55. ACKNOWLEDGEMENT:
The Board of Directors of your Company expresses deep appreciation for the dedicated
efforts of the Company's employees and Trade Unions. The Directors gratefully acknowledge
the valuable guidance, cooperation and support extended by various Ministries of the
Government of India, especially the Ministry of Coal, as well as the State Governments.
Additionally, the Directors extend thanks to the Statutory Auditors, the Comptroller and
Auditor General of India, Registrar of Companies, Secretarial Auditors, and Cost Auditors
fortheir assistance and guidance. Your Directors also sincerely thank the consumers for
their continued patronage.
Your Directors also convey their appreciation to all dealers and vendors across the
country for their trust and confidence in the Company, which contributes to improving
service to valued customers and enhancing overall performance.
Our employees have consistently demonstrated their unwavering dedication to achieving
excellence. Your Directors commend their valuable contributions and eagerly anticipate
their continued commitment and enthusiasm in the future, as they strive to propel CIL to
new heights of success.
As we reflect on the achievements and challenges of the past year, we want to extend
our heartfelt gratitude to each of you for your unwavering support and trust in our
company. Your confidence in our vision and commitment has been the cornerstone of our
success.
Despite the uncertainties and obstacles we faced, your steadfast belief in our
endeavors has been a source of inspiration and motivation for us. Your investment in our
company reflects not just a financial commitment, but a shared belief in our collective
journey towards growth and prosperity.
As we navigate the road ahead, we assure you that we remain dedicated to upholding the
highest standards of integrity, transparency, and performance. Your continued support
fuels our determination to explore new opportunities, innovate, and deliver sustainable
value.
Together, we are poised to overcome challenges, seize opportunities, and create a
brighter future for our company and all our stakeholders. We appreciate your trust,
cooperation, and dedication to our shared vision.
For and on behalf of the Board of Directors |
|
|
(P.M. Prasad) |
Dated: 22nd July, 2024 |
Chairman |
Place: Kolkata |
(DIN-08073913) |