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Coal India Limited (CIL) stepped into its 50th year of inception

in Business November 2, 2024 Comments Off on Coal India Limited (CIL) stepped into its 50th year of inception 304 Views

Newdelhi:2/11/24:Continuing to meet India’s coal requirement and bolstering the energy sector, the state-owned Coal India Limited (CIL) stepped into its 50th year of inception on 1st November 2024. CIL came into being on 1st November 1975 as an apex holding company of the nationalized coking coal (1971) and non-coking mines (1973).

From 89 Million tonnes (MT) production during 1975-76, the year CIL was formed, the Maharatna coal behemoth under the Ministry of Coal ended FY 2024 with 773.6 MT output – an 8.7-fold growth.  With 80% of its entire supplies directed to coal-based power plants at highly competitive rates, CIL plays a key role in enabling the citizens to get power at a just price.

Though CIL’s employee strength fell sharply by almost a third to 2.25 Lakhs now from 6.75 Lakh employees during the early years of Nationalization, the production has taken an upward leap.

Congratulating Coal India, Union Minister of Coal and Mines, Shri G Kishan Reddy said, “As Coal India enters into its Golden Jubilee Year with many milestones under its belt, I convey my best wishes to the company. Coal is yet to peak to its full potential in India. Indigenous production is vital to avoid expensive imports. Coal India has to ramp up production to higher levels in the future with equal importance to people-oriented social responsibility, welfare and safety”.

It had been an eventful nearly five-decade journey for CIL. The company braved many changes and challenges, trials and tribulations but managed to deliver what was expected of it. From a pure-play coal-producing company, Coal India is now diversifying into solar power, pithead power stations, coal gasification, and critical minerals in the National interest.

Beginning 2007, CIL had been formally observing its Foundation Day celebration as an in-house event. This includes J B Kumaramangalam Memorial lecture by either a former Chairman or an Industry expert and bestowing awards on best performers. This year as well the company will be celebrating the event on 3rd November in Kolkata with the Coa

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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