Coal India Limited (CIL) the state owned coal mining corporate came into being in November 1975. With a modest production of 79 Million Tonnes (MTs) at the year of its inception, CIL today is the single largest coal producer in the world. CIL is a Maharatna company - a privileged status conferred by Government of India to select state owned enterprises in order to empower them to expand their operations and emerge as global giants.
The company is mainly engaged in mining and production of Coal and also operates Coal washeries. The major consumers of the company are power and steel sectors. Consumers from other sectors include cement, fertilisers, brick kilns etc.
1973-74: Nationalization of coal mines, in order to provide for a higher growth in coal sector to meet the growing energy needs of the country.
1973-74: Incorporation of the Company as ‘Coal Mines Authority Limited.
1975-76: Change of name of the company to ‘Coal India Limited’.
1975-76: Incorporation of CMPDIL, ECL and WCL, and formation of BCCL, CCL, CMPDIL, ECL and WCL, as its subsidiaries.
1979-80: Construction of the low temperature carbonized plant started in Dankuni Coal Complex.
1979-80: The pricing policy of CMPDIL was reviewed to ensure that the company was working on a commercial line instead of working on ‘no profit no loss’ basis.
1980-81: Construction of five new washeries: Moonidih washery, Ramgarh washery, Mohuda washery, Barora washery, Kedla washery.
1980-81: Overall production of coal by the Company and its subsidiaries crossed 100 million tonnes.
1981-82: Introduction of retention prices of coal by amending the Colliery Control Order, 1945 by notification dated March 31, 1982, in respect of its Subsidiaries.
1985-86: Formation of NCL and SECL as Subsidiaries of the Company, to manage certain mines managed by WCL and CCL.
1987-88: ‘Blasting Gallery Method’ introduced at East Katras mine under BCCL and Chora mine under ECL.
1992-93: Formation of MCL as its Subsidiary to manage mines Talcher and IB valley in the state of Orissa.
1995-96: Approval of a financial restructuring package by the Government, whereby Rs 891.7 crore of interest liability was waived, Rs 904.18 crore of plan loan repayment arrears was converted to preference equity and Rs 432.64 crore of non plan payment arrears were allowed a moratorium for repayment and interest accrual for a period of three years, to be repaid in three equal instalments.
1996-97: Rating of ‘A+’, indicating adequate safety with regard to timely payment of interest and principal, awarded by CRISIL in respect of the Rs. 400.0 crore bond issue by the Company.
1996-97: Adoption of financial viability as the basis for approval of coal development projects.
1996-97: Discontinuation of retention prices scheme and the Coal Price Regulation Account (CPRA), with the deregulation in prices of certain grades of coal.
1997-98: Corporatization of the financial flow between the Company and Subsidiaries, such that the Company is to receive only dividends under applicable policy from its Subsidiaries and the corpus of the Company was to be utilized to provide strategic support to a loss making entity only for, maintaining their productive capital assets.
1997-98: Sanction of loan of $1.03 billion from the World Bank and the Japanese Bank for International Co-operation for implementing 24 highly viable open case projects with global sourcing of equipments, of which $84.40 million was availed during the period between Fiscal 1998 to Fiscal 2004.
2001-02: Laying down of a minimum internal rate of return of 12% at 85% capacity utilization as cut off for the development of a project.
2005-06: Rating of ‘AAA/Stable’, indicating highest degree of safety with regard to timely payment of interest and principal, awarded by CRISIL in respect of the Rs 250 million bond programme of the Company.
2005-06: Introduction of sale of coal through ‘e-auction method’.
2005-06: ECL and BCCL reported profit of Rs. 363.8 crore and 202.67 crore in Fiscal 2006.
2006-07: Decline in debt as a percentage of net worth from 66% in 2001-2002 to 10% in 2006-2007.
2008-09: Overall production of coal by the Company and its Subsidiaries, crossed 400 million tonnes.
2009-10: Establishment of Coal India Africana Limitada, a foreign subsidiary in Mozambique
2009-10: Conversion of the Company into a public limited company.
2014: Coal India signs MoU with Government for 2014-15. Coal India and Tata Medical Centre join hands. Coal India announces Rs. 235 Crores for Clean India initiative.
2015: The Union Ministry of Skill Development and Entrepreneurship and the Coal India Limited signed a Memorandum of Agreement to impart skill training to 1.7 lakh people .
2017: Coal India has launched the ‘Grahak Sadak Koyla Vitaran App’ aimed at benefitting customers of the company that are being supplied coal by road.
2017: Coal India has reportedly set up Monitoring and Control Cell at its office as well as all coal producing subsidiaries to monitor the critical coal stocks situation in the country's power plants.
2017-18: Based Online Monitoring System commenced :-Monitoring of 69 coal-mining project costing more than Rs.150 Crores with Project monitoring software MS Project.
2017-18: CIL in association with CMPDI launched a portal MDMS (Mine Data Base Management System) to monitor the ongoing projects costing Rs. 20 Crores and above in CIL.
2018-19: Coal India Limited for the first time, breached the 600 Million Tonne (MT) mark in coal production and off-take ending FY 2019 by producing 606.89 MTs of coal and supplying 608.14 MTs, clocking growths of 6.97% and 4.8% over previous year respectively. The company leapt from the 500 MTs production to 600 MTs in mere three years.
2018-19: All the subsidiaries of CIL earned profit during the year
2019-20: Coal Production: Coal India Limited produced 602.13 Million Tonnes (MTs) of coal, CIL breached the 600mt mark for the second year consecutively.
2019-20: In the month of March 20, CIL produced 84.36 MT, the highest so far in a month since the inception of the company.