Frequent question: Who is the owner of Coal India?

Is Coal India a private company?

Coal India Ltd was incorporated on June 14 1973 as a private limited company with the name Coal Mines Authority Ltd.

Who discovered coal in India?

Commercial exploitation of coal in India began in 1774 with John Sumner and Suetonius Grant Heatly of the East India Company in the Raniganj Coalfield along the Western bank of Damodar River. The growth of Indian coal mining remained slow for nearly a century due to low demand.

Which coal is best in India?

Anthracite is the best quality of coal which carries 80 to 95 per cent carbon content. It ignites slowly with a blue flame. It has the highest calorific value. It is found in small quantity in Jammu and Kashmir.

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.

Does Coal India give pension?

The Scheme will be called as “CIL EXECUTIVE DEFINED CONTRIBUTION PENSION SCHEME – 2007”. … “Age of Superannuation” shall mean the age of 60 years or any normal age of retirement as decided by the Company from time to time, on attainment of which, an executive shall be entitled to superannuation pension or annuity.

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Is Coal India a good buy?

CIL announced Rs 3.5 as the final dividend, taking FY21 payout to Rs 16/sh (10% yield at CMP). Aided by strong coal PLFs, increasing power demand and opening up of export opportunities, e-auction premiums are expected to continue improving. We remain positive for a significantly better FY22. Maintain Buy.

Who is the CEO of Coal India Limited?

Does Coal India give dividend?

The Central government will receive Rs 1,426 crore as a dividend from Coal India. After this announcement, the total dividend payout for the financial year 2020-21 stood at Rs 16 per share or 160 per cent, the company said in a regulatory filing on Monday.

How many subsidiaries does Coal India have?

CIL has seven producing subsidiaries 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)and Mahanadi Coalfields Limited (MCL) and One mine planning and …

Which coal is found in India?

Types of coal found in India

Bituminous: It is a medium grade of coal having high heating capacity. It is the most commonly used type of coal for electricity generation in India. Most of bituminous coal is found in Jharkhand, Odisha, West Bengal, Chhattisgarh, and Madhya Pradesh.

Which state is largest producer of coal?

Jharkhand is the largest coal-producing state in India. The top coal-producing states are Jharkhand, Orissa, Chhattisgarh, West Bengal, Madhya Pradesh, Telangana and Maharashtra.

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