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Coal India reported a rise of almost 46% in its net profit for the quarter ended 31 March 2022 in consolidated terms. India's biggest coal miner had posted a consolidated net profit of ₹4,586.78 crore in the year-ago period. The company registered sales worth ₹30,046.25 crore during the quarter under review compared with ₹24,510.80 crore.
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Coal in India has been mined since 1774, and India is the second largest producer and consumer of coal after China, mining 997 million metric tons (1,099 million short tons) in FY 2023-24. Around 20% of coal is imported.
The Ministry of Coal is responsible for development and exploitation of coal and lignite reserves in India. The subjects allocated to the Ministry which include attached and sub-ordinate or other organisations including PSUs concerned with their subjects under the Government of India (Allocation of Business) Rules, 1961, as amended from time to ...
Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. [1] Coal is a type of fossil fuel, formed when dead plant matter decays into peat which is converted into coal by the heat and pressure of deep burial over millions of years. [2]
BCCL is the major producer of prime coking coal (raw and washed) in India. Medium coking coal is produced in its mines in Mohuda and Barakar areas. In addition to production of hard coke, BCCL operates washeries, sand gathering plants, a network of aerial ropeways for transport of sand, and a coal bed methane-based power plant in Moonidih.
The management of non-coking coal mines was taken over on 31 January 1973 and these were nationalised on 1 May 1973. Coal India Limited, a holding company, was formed in 1975, encompassing the entire coal industry. [6] In 2016–17, CIL produced 554.14 million tonnes of coal. It is the single-largest coal producer in the world.
South Eastern Coalfields Limited (SECL) is the largest coal producing company of India. It is a "Miniratna" Company, and one of eight fully owned subsidiaries of Coal India Limited. [1] [2] The company has its headquarter at Bilaspur, Chhattisgarh, India and 92 mines spread over Chhattisgarh & Madhya Pradesh; 70 underground, 21 opencast, and 1 ...