Who owns coal mines in India?

Type Government Corporation
Owner Government of India (66.13%)
Number of employees 272,445 (2021)
Parent Ministry of Coal, Government of India
Website www.coalindia.in

How many coal mines are there in India?

Coal India Limited has 352 mines (as on 1st April, 2020) of which 158 are underground, 174 opencast and 20 mixed mines.

Who owns most of the coal reserves?

The top five countries with the largest proven coal reserves

  1. United States – 249 billion tonnes. …
  2. Russia – 162 billion tonnes. …
  3. Australia – 149 billion tonnes. …
  4. China – 142 billion tonnes. …
  5. India – 106 billion tonnes.

Who is the CEO of Coal India Limited?

Are coal mines private?

The Union government has opened up the mining sector in a big push for privatisation. Though non-coal minerals were available to the private sector, including foreign players, for bidding, private companies could take up coal blocks only if they had defined downstream projects where the mined coal could be used.

Where is the biggest coal mine in India?

Jharia coalfield is a large coal field located in the east of India in Jharia, Jharkhand. Jharia represents the largest coal reserves in India having estimated reserves of 19.4 billion tonnes of coking coal.

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Who has the cleanest coal in the world?

Anthracite is found on the east coast in the US, South Africa, Australia, Western Canada, China and Russia. Two-thirds of Russia’s coal reserves are anthracite. Because of its efficiency and thus less carbon and sulphur usage per watt of power, anthracite is also the ‘cleanest’ coal in the world.

Which country is rich in coal?

Coal Reserves by Country

# Country World Share
1 United States 22.3%
2 Russia 15.5%
3 Australia 14.0%
4 China 13.1%

Will Coal India be Privatised?

Coal India will not be privatised, and it is given the target of producing one billion tonne coal by 2023,” he said. … Rs 50,000 crore would be invested for coal and mines infrastructure development, while priority would be for local players, he said.

Why Coal India is a good buy?

Coal India (CIL) has reported higher-than-estimated PAT in Q4FY21, buoyed by higher volumes, improved q-o-q realisation and lower taxes. At Rs 45.9 bn, PAT was lower by only 0.8% y-o-y, despite higher contractual expense and lower other income due to decline in cash balance and lower rates.

How does Coal India make money?

It produced 554.14 million tonnes of raw coal in 2016–17, an increase from its earlier production of 494.24 million tonnes of coal during FY 2014–15 and earned revenues of ₹95,435 crore (US$13 billion) from sale of coal in the same financial year.

Contradictory India