CIL

CIL may refer to:

Computers

Organisations

Places

Coal India

Coal India Limited (CIL) is an Indian state-controlled coal mining company headquartered in Kolkata, West Bengal, India. It is the largest coal producer company in the world and contributes around 82% of the coal production in India. It produced 494.24 Million tonnes of coal during FY 2014–15 and earned a revenue of INR 954.35 billion from sale of coal in the same financial year. As on 14 October 2015,Union Government of India owns 79.65% of the shares in CIL and controls the operations of CIL through Ministry of Coal. In April 2011, CIL was conferred the Maharatna status by the Union Government of India. As on 14 October 2015, its market capitalisation was INR 2.11 trillion (US $32.59 billion) making it India's 8th most valuable company by market value.

History

To take care of energy requirements of India, the Central Government of India did a nationalisation of coal industry in the 1970s. By 1972, it acquired most of the coking coal mines in India (226 coking coal mines) through Bharat Coking Coal Limited (BCCL). Similarly, it acquired all 711 non-coking coal mines in India through Coal Mines Authority Limited (CMAL). To consolidate the businesses of both coking and non-coking coal under one entity, a formal holding company in the form of Coal India Limited was formed in November 1975 to manage both the companies. Government of India held 100% of its shares from 1975 till 2010.