Annual Report 2010-11

Chapter-4

Coal Mining Policy and Major Initiatives

4.1 Competitive Bidding lignite through auction by competitive

bidding, on such terms and conditions as
4.1.1 With the progressive allocation of
may be prescribed. This, would however,
coal blocks, the number of coal blocks
not be applicable in the following cases:-
available for allocation is declining, while
the number of applicants per block in • where such area is considered for
increasing, as the demand for coal keeps allocation to a Government company
increasing. This has made selection of or corporation for mining or such other
an applicant in respect of a block difficult specified end use;
and vulnerable to criticism on the ground • where such area is considered for
of lack of transparency and objectivity. allocation to a company or corporation
that has been awarded a power project
4.1.2 While efforts are on hand to continuously on the basis of competitive bids for
add blocks to the captive list, it is also tariff (including Ultra Mega Power
expected that the demand for blocks Projects).
would remain far ahead of supply. The Government is now examining
Therefore, there is an urgent need to the modalities for preparation of
bring in a process of selection that is not the guidelines/legal framework for
only objective but also demonstrably conducting the competitive bidding of
transparent. Auctioning through coal and lignite blocks.
competitive bidding is one acceptable 4.2 Formation of Empowered
selection process. Committee
4.1.3 With a view to bringing in transparency, The Government is considering the
the Mines and Minerals (Development proposal to utilize the services of
and Regulation) Amendment Act, Empowered Committee of Secretaries
2010 for introduction of competitive constituted for International Coal
bidding system for allocation of coal Ventures Limited (ICVL) the consortium
blocks for captive use, has been passed of i.e. SAIL, NTPC, CIL, RINL to
by the both Houses of Parliament and consider the investment abroad proposals
it has been notified in Gazette of India of CIL which are beyond CIL’s financial
(Extraordinary) on 9th September, 2010. powers of Rs. 1,000 crore. The Committee
The Amendment Act seeks to provide of Secretaries has recommended the
for grant of reconnaissance permit, proposal. In this regard a draft CCEA
prospecting licence or mining lease in Note was circulated to the concerned
respect of an area containing coal and Ministries/Departments for comments.

20
 Coal Exploration & Resources

The proposal/CCEA Note of Formation of meeting of GoM at an early date.

Empowered Committee for CIL has been
4.6 Regulator for Coal Sector
approved by Government and an order
to CIL has been issued on 9th September, A Cabinet Note on setting up of a
2009. Coal Regulatory Authority along with
the Draft Bill has been circulated to
4.3 Guidelines for Mine Closure
various Ministries/Department for
With a review to restore mined out areas their comments. The comments from
to the primary level to the extant possible, concerned Ministries/Department have
it has been decided to make it mandatory now been received and the Draft Bill is
to prepare mine closure plans for which being finalized. The Draft Bill would be
Ministry of Coal has issued guidelines for placed before the competent authority for
adoption by coal mine owners. This would approval.
help in addressing environmental issues
related to coal mining. These guidelines 4.7 Captive Coal Mining Blocks
are available on the website of this Ministry. 4.7.1 Under the Coal Mines (Nationalisation)
4.4 Draft Policy on Washery Rejects/ Act, 1973, coal mining was mostly reserved
Surplus Coal for the public sector. By an amendment
to the Act in 1976, two exceptions to the
The policy on disposal of surplus coal, policy were introduced viz., (i) captive
by-products and middlings/rejects from mining by private companies engaged in
captive blocks is under formulation in production of iron and steel and (ii) sub-
consultation with the Ministry of Law lease for coal mining to private parties in
and Justice. isolated small pockets not amenable to
4.5 Status of Coal Mines economic development and not requiring
(Nationalization) Amendment rail transport.
Bill 2000 4.7.2 The Coal Mines (Nationalisation) Act,
The Cabinet Secretariat has notified the 1973 was amended in June, 1993 to allow
constitution of a new Group of Minister coal mining for captive consumption
(GOM) under the Chairmanship for generation of power, washing of coal
of Hon’ble Finance Minister to obtained from a mine and other end
consider issues related to Coal Mines uses to be notified by Government from
(Nationalization), Bill, 2000. The GOM time to time. As per the provisions in
will make specific recommendation on Section 3 (3) (a) (iii) of the Coal Mines
policy measures regarding exploration (Nationalisation) Act, 1973, a company
and mining of coal, including the issues engaged in production of iron and
relating to pursuing the said Bill. The steel, generation of power, production
matter is being pursued for holding the of cement, and production of syn-

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Annual Report 2010-11

gas obtained through coal gasification 4.7.7 As regards allocation of small and isolated
(underground and surface) and coal blocks are concerned, a new policy is
liquefaction only can do coal mining in being formulated in consultation with the
India for captive consumption. Ministry of Law and Justice for allocation
of such blocks.
4.7.3 The Central Government, a Government
company (including a State Government 4.7.8 Initiatives taken by the Ministry for
company), a Corporation owned, expediting production from captive
managed and controlled by the Central blocks were as follows:-
Government can do coal mining without
(a) Frequent and regular meetings of
the restriction of captive use.
Screening Committee.
4.7.4 The allocation of coal blocks to private
(b) Allowing disposal of coal produced
parties is done through the mechanism
during development phase through
of an Inter-Ministerial and Inter-
CIL subsidiaries, who will procure it
Governmental body called the Screening
at a transfer price to be determined
Committee. The Screening Committee is
administratively.
chaired by the Secretary (Coal) and has
representation from Ministry of Steel, (c) Taking bank guarantee for adhering
Ministry of Power, Ministry of Industry to the schedule as per the specified
and Commerce, Ministry of Environment milestones.
and Forest, Ministry of Railways,
(d) Laying bench mark time lines for
Coal India Limited, CMPDIL and the
achieving various milestones from
concerned State Governments.
allocation to coal production, advance
4.7.5 There are 229 (148 existing and 81 newly submission of development schedule
identified) coal blocks for allocation to by the allocate and cancellation of
specified end users and Govt. companies allocation for non-adherence.
on display on the website of Ministry of
4.7.9 Sector-wise allocation of coal blocks
Coal. 208 coal blocks have so far been
allocated to eligible companies. So far 208 coal blocks have been allocated
to various public/private sector companies
4.7.6 So far, production has commenced in 26 including Ultra Mega Power Projects of
coal blocks (14 private and 12 public) and 4000 MW each being set up in Madhya
the production from these coal blocks Pradesh, Orissa and Jharkhand. One coal
for the year 2009-10 was 35.313 million block, namely Bankhui to M/s Sakhigopal
tonnes and for the year 2010-11(upto Integrated Power Company Ltd. (SPV of
December, 2010 Prov.) was 26.921 first additional Orissa UMPP) in the State
million tonnes as reported by the Coal of Orissa was allocated on 21.06.2010
Controller’s Office. during 2010-2011 (upto February, 2011).

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 Coal Exploration & Resources

4.7.10 Identification of new coal blocks 4.8 Technological Initiatives

In consultation with CIL and NLC, 47 Emphasis is laid on technology
new coal blocks with geological reserves development through adoption of
of about 17721.52 million tonnes and 38 State of the Art Technologies for both
lignite blocks with geological reserves of underground and opencast operations
about 6240.34 million tonnes have been for higher coal production, productivity
identified. There are 24 remaining coal and improved safety. Deployment of high
blocks with geological reserves of about capacity shovels and dumpers, surface
7262.66 million tonnes from the earlier miners etc. along with matching ancillary
list, which have remained unallocated. The equipments and coal handling facilities
CIL and NLC have been asked to update for opencast mines is being practiced in
the lists before taking decision regarding various PSU coal companies.
earmarking these blocks for allocation.
Deployment of draglines in conjunction
4.7.11 Ultra Mega Power Projects with shovel dumper combination is a
time tested method in major projects
Ministry of Power proposes to set up four with multiple seam extraction and high
Ultra Mega Power Projects (UMPP) with stripping ratios. Crusher conveyor
capacity of 4000 MW each, through tariff technology for coal as well as overburden
based competitive bidding. The Ministry is also in use for quite some time in some
of Coal has allocated Moher, Moher- of the opencast mines in these companies.
Amlori Extension and Chhatrasal coal
Of late, deployment of surface miners
blocks (GR 750 MT) for the proposed
for selective mining, sizing and avoiding
UMPP to be set up at Sasan in Madhya
cyclic drilling and blasting operations
Pradesh; Meenakshi, Meenakshi-B
in coal for improved productivity is
and Dip side of Meenakshi coal blocks
assuming importance. In addition to
(geological reserve 885.24 MT) for the
the outsourced operations using surface
proposed UMPP to be set up in Orissa;
miners, PSU coal companies are also
Kerandari BC coal block (geological
procuring the same for departmental
reserve 972 MT) for the proposed
operations. Radar based monitoring of
UMPP to be set up in Jharkhand and
slope stability of benches in open cast
Puta Parogia (geological reserve 692.16
mines is being adopted for improved
MT) and Pindrakhi (geological reserve
safety of operations. GPS based truck
421.51 MT) coal blocks for the proposed
despatch monitoring systems are also
UMPP to be set up in Chhattisgarh and
being adopted for improving productive
Bankhui (geological reserve 800 MT) for
use of dumpers.
the proposed first additional UMPP to be
setup in Orissa. Controlled blasting in opencast mines
is being practiced to minimise ground
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Annual Report 2010-11

vibrations. Coal handling plants with and conveyors for mechanising the
silos and rapid loading systems are being underground operations wherever it is
developed in all major open cast mines. techno-economically feasible is being
taken up. Man riding systems are being
Similarly, planning new underground
installed in a number of underground
mines for adoption of mass production
mines to avoid manual walking to reach
technologies like continuous miners
the workings.
and longwall equipments is continuing.
Deployment of bolter miners in Recently, CIL and SCCL have adopted
conjunction with longwall operations high wall mining technology to extract
for faster gate road drivage is also coal from the high walls of open cast
assuming significance in mechanisation mines which otherwise would remain
of workings. Planning longwall mines sterilised. This technology provides
with bigger blocks and longer face lengths extraction of coal using high wall mining
is becoming possible due to faster rate of machines from the open cast benches
gate road preparation. when the economic extraction of coal
Adoption of continuous miners, side from open cast operations is not feasible.
discharge loaders and load haul dumpers This technology is widely in use in USA.

Longwall Shearer in Operation

24
 Coal Exploration & Resources

For lignite mines specialised mining on their land to the private operators.
equipment comprising bucket wheel
4.9.4 CIL has also decided in principle to wash all
excavators with high capacity conveyor
inferior grade coal linked to non-pit head
systems and spreaders are being deployed
power stations by setting up washeries
for extraction of both overburden and
with the state-of-the art technology on
lignite.
Build-Operate-Maintain [BOM] concept
4.9 Clean Coal and Washery Capacity where CIL will provide the capital
funding and other infrastructure facilities
4.9.1 Coal washing is an important area from
to the BOM operator. Further, it has been
economic and environment point of view.
decided that all new opencast projects of
A number of studies carried out earlier
2.5 Mt and above capacity, which are not
have clearly highlighted benefits of using
linked to pithead power stations should
washed coal in improving the economics be designed with integrated washery.
of power generation and also reduction
of emissions. The directive of Ministry of 4.9.5 CIL has already decided to set up 20
Environment & Forests restricts the use [twenty] washeries by the end of XI five
of coal containing more than 34% ash years plan in its various subsidiaries with
content in power stations located 1000 total installed capacity of 111 Mty, out of
km away from pit heads. With this as a which 2 [two] washeries of total 6 Mty are
driver, the numbers of power utilities have proposed under “Turn-key” execution
shown inclination to use washed coal for and the rest 18 [eighteen] are on BOM
power generation and also coal washing is concept under which the capital funding
one of the clean coal technologies prior to and other infrastructural facilities will be
combustion of coal. arranged by CIL/subsidiaries company.
Tenders for seven washeries [four of
4.9.2 Coal India is heading in a big way for Coal
BCCL, two of MCL and one of CCL] have
Beneficiation of all types of coals. The
already been floated. Tender evaluation
present installed capacity of washery for
of the four [4] washeries out of seven
thermal coal of about 110 Mt per annum
[7] washeries for which the tender had
is envisaged to reach about 250 Mt per
been floated have been completed. Letter
annum in the next five [5] years time.
of Acceptance [LoA] in respect of one
4.9.3 To meet the demand supply gap of washery i.e Madhuband washery, BCCL
washed coal, guidelines for setting has been issued to M/s HEC, Ranchi. LoA
up of coal washeries on Public Sector for other three [3] washeries will be issued
Coal Company’s land have been issued after the approval of competent authority.
by Ministry of Coal in September’05.
Meanwhile to expedite the process of
Accordingly, subsidiary coal companies
tender evaluation for balance 11 washeries
of CIL are extending necessary assistance
a Common Centralized Request for
to facilitate setting up of coal washeries
Qualification (CCRFQ) document was
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Annual Report 2010-11

prepared and tender was floated for short 4.9.6 Two [2] nos. of dry deshaling plants
listing the probable qualified bidders are also under implementation by
for each project. The lists of short listed CMPDI under CIL R&D grant. Tender
qualified bidders have been issued by for Radiometric dry deshaling plant is
CMPDI on behalf of CIL to the respective likely to be floated shortly, whereas the
bidders and subsidiary companies. deshaling based on All-mineral All-air Jig
is likely to be floated by 31st Mar, 2011.
Subsequently revised RFP has been also
prepared and the same has been approved 4.10 Coal Bed Methane (CBM)
by CIL.
4.10.1 New area of clean coal technologies like
Out of the 20 washeries, Conceptual Coal Bed Methane (CBM) and Coal Mine
reports for 19 washeries have been Methane (CMM), Underground Coal
completed. The tender for four [4] Gasification (UCG) and Coal Liquefaction
washeries under BOM concept and one are under focus and Government is taking
on turn-key mode (i.e Dhori washery) are all the necessary steps for development
likely to be floated by the end of Mar.’2011 of these areas within the existing legal
by the subsidiary companies. framework.

Overview of a Coal Washery

26
 Coal Exploration & Resources

4.10.2 CBM is one of the potential greenhouse of CMM production in Indian geo-
gases and is invariably associated with mining conditions. Recovery of CBM
coals during their formation. CBM is in gas from two wells has been established
adsorbed state on the coal surface and in May’2008 and Feb’2009 respectively.
possess a potential threat from safety angle Efforts are being made for recovery of
during mining operation. If extracted gas through dewatering in third well
separately, it forms a supplementary source where three potential seams have been
of energy. In view of the abundant resource stimulated. The recovered gas is being
of coal in the country, there is a significant utilized to generate electricity from
scope for commercial development of indigenous gas based generators, which is
CBM. Methane associated with virgin continuing since June’2008.
coalbeds is conventionally termed as
4.10.6 CBM Specific Data Generation
Coalbed Methane. Similarly, extraction of
methane from working mines is termed as CMPDI is carrying out studies related to
Coal Mine Methane (CMM). “Assessment of Coalbed Methane Gas-
in-Place Resource of Indian Coalfields/
4.10.3 Consequent to the formulation of CBM
Lignite fields” through boreholes being
Policy in 1997, Govt. of India has so
drilled under Promotional Exploration
far allotted 33 CBM blocks to various
(XI Plan period) under Promotional
operators for exploration and exploitation
Exploration (PRE) funding amounting
of CBM in four rounds of bidding.
to `8.59 crore. This study will enlarge the
CBM is jointly managed by Ministry CBM resource base of the country and
of Coal and Ministry of Petroleum and facilitate delineation of more blocks for
Natural Gas. CMM related activities are CBM development.
being addressed by Ministry of Coal
A total of 50 boreholes (30 by CMPDI and
separately.
20 by GSI) are to be taken up for CBM
4.10.4 An Expert Committee under the related studies during XI plan period.
chairmanship of Advisor (Projects), During this plan period upto 2009-10,
Ministry of Coal is finalizing the issues so far a total of 16 boreholes, drilled in
related to conducting simultaneous coal different coalfields (CMPDI-13 & GSI-3),
mining and CBM operations. have been tested for CBM related studies.
4.10.5 Implementation of CBM Demonstration During 2010-11 CBM related studies
Project have been carried out in 11 boreholes
(CMPDI-8 and GSI-3) located in different
CMPDI has successfully implemented an
coal/lignite fields.
UNDP/GEF/GoI funded demonstration
project “Coalbed Methane Recovery & 4.10.7 CIL R&D Project on CMM
Commercial Utilisation” at Moonidih
CMPDI has taken up a CIL R&D project
mine of BCCL, which has proved efficacy
27
Annual Report 2010-11

for delineation of prospective CMM 4.10.9 CIL-ONGC Collaborative Project on

blocks in BCCL and CCL areas of CIL CBM
and preparation of data dossier for 1 or
4.10.9.1 Jharia CBM Block
2 most prospective and commercially
viable CMM blocks. As per Govt. of India CBM policy,
consortium of CIL and ONGC has been
5 prospective CMM blocks have been
allotted 2 blocks on nomination basis –
identified in BCCL and CCL areas and
an Expression of Interest (EOI) for one each in Raniganj and Jharia coalfields
identification of suitable collaborator for and has entered into a contract with
commercial development of CMM has Govt. of India for development of coalbed
been floated. Consequently, a Tender methane. The Govt. of Jharkhand granted
Document has been prepared by CMPDIL the Petroleum Exploration License (PEL)
and is under approval. The Tender for for Jharia CBM block in August’2003.
commercial CMM development is likely Slimhole drilling by CMPDI in the block
to be floated during 2010-11. commenced from Dec.’ 04 and all the
8 slimholes involving 8703.65 metre
4.10.8 CBM specific data generation in the have since been completed. A report
projectised areas of large opencast mines: on assessment and compilation of data
generated during slimhole drilling has
Project proposals for assessment of CBM
been submitted by CMPDI in Feb.’08.
potential related to large opencast mines
Further, ONGC completed drilling of 2
in Moher Sub-basin of NCL, Singrauli
exploratory wells and the requisite tests
Coalfield and Korba Coalfield has been
are being carried out. ONGC has carried
taken up by CMPDI to assess the CBM
out 2 Horizontal Multilateral in-seam
resource and explore possibility of
drilling in the CBM block.
degasifying the area.
During the year, production testing in
Drilling for generation of CBM specific
two exploratory wells is going on and
data in the dip side of projectised area
dewatering of multilateral wells is also in
in Moher sub-basin and Korba coalfield
progress.
have been concluded and the desorption
studies were carried out during the ONGC has submitted the Final
field operation through CMPDI’s in- Development Plan for part area
house facilities. CBM specific analytical (Parbatpur Sector) within Jharia CBM
tests have been taken up to assess the block in the office of Directorate General
potentiality of the identified area for of Hydrocarbons (DGH) in Oct.’09. DGH
commercial development of CBM. The has advised ONGC to submit the revised
assessment report would be submitted by Development Plan for the entire Jharia
February 2011. CBM Block.

28
 Coal Exploration & Resources

The sale of incidentally produced gas attended the workshop.

from Jharia CBM block is going on in line
As envisaged in the work programme
with the approval of the Govt.
of the clearinghouse, the clearinghouse
4.10.9.2 Raniganj CBM Block website is being maintained and updated
on regular basis. Close co-ordination
The Govt. of West Bengal granted the
is being maintained with USEPA for
Petroleum Exploration License (PEL) for
development of CMM/VAM etc and
Raniganj CBM block in June’04. Slimhole
for the purpose a team of CIL/CMPDI
drilling of the identified boreholes was
official visited operational CMM sites in
taken up on 07.03.06 and drilling in
US during June 2010 for getting 1st hand
all the 8 slimholes involving 7853.50
experience in this field. The said visit was
metre has been completed by CMPDI. A
facilitated by USEPA. Further, a team of
report on assessment and compilation of
CIL/CMPDI officials attended CMM
data generated during slimhole drilling
conference in US during Oct. 2010 under
submitted by CMPDI in March’09.
Clearinghouse funding.
ONGC has completed drilling of
4.11 Underground Coal Gasification
exploratory well in the CBM block during
(UCG)
the period and the requisite tests are going
on. CMPDI officials were associated in In India, UCG was taken up in mid
the activities undertaken by ONGC. 1980’s by ONGC and CIL under technical
collaboration with erstwhile USSR.
4.10.10
Establishment of CBM/CMM
Although one lignite block “Merta Road”
Clearinghouse
in Rajasthan was found suitable, pilot
A CMM/CBM clearinghouse has been appraisal could not be taken up due to
established at CMPDI, Ranchi under the apprehension of contamination of ground
aegis of Ministry of Coal and United States water.
Environmental Protection Agency (US
Subsequently, consequent to signing of
EPA) on 17th Nov.’08. The clearinghouse
MoU between CIL & ONGC in November
has been functioning as the nodal agency
2005 for taking up pilot scale studies for
for collection and sharing of information
UCG, CMPDI prepared data packages for
on CMM/CBM related data of the country
5 prospective UCG sites. Out of the five
and help in the commercial development
sites, one Kasta block in Raniganj coalfield
of CMM projects in India by public/private
was selected by the consultant engaged by
participation, technological collaboration
ONGC. As required, drilling of 12 nos.
and bringing financial investment
of slimholes for generation of additional
opportunities. An International
data has been completed in Kasta block
Workshop was also organized at CMPDI
in Nov. 2009 for examining possibility of
on 17th & 18th Nov.’08. The experts of
taking up pilot scale UCG project. The
National/ International fame in the field
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Annual Report 2010-11

analysis of the samples generated through 4.12 Revision of Rates of Coal Royalty
the drilling has been taken up. A draft on Coal/Lignite
assessment report has been prepared and
A Study Group has been constituted
submitted to ONGC for their examination
on 04.02.2010 for revision of royalty
in Dec, 2010.
rate on coal and lignite. With a view to
In addition, 2 more blocks within the CIL consult all the stake holders, prescribed
area namely Kaitha in Ramgarh CF within questionnaires have been prepared on
CCL command area and Thesgora-C in the subject matter and circulated to the
Pench Valley CF within WCL command major coal producers/consumers and
area have been identified for development coal bearing State Governments for their
of UCG. An Expression of Interest (EOI) views/comments. The comments from
for identification of suitable developer most of the State Governments/private
for commercial development of UCG organizations/Ministries/ Departments
was invited. Consequently, a Tender have been received. The matter was
Document has been prepared by CMPDI discussed in the 2nd meeting of the
and was floated on 27.12.10 for these two Royalty Committee held on 03/02/2011
identified blocks. and it has been decided to hold a
stakeholders’ meeting.
Royalty paid by CIL – (` in lakh)
Year West Jharkhand Orissa Madhya Maha- Chhatis- Uttar
Bengal Pradesh rashtra garh Pradesh
2007-08 900.95 90966.08 64536.75 83176.26 42676.13 76052.61 10436.87
2008-09 943.96 106721.67 77307.39 95017.68 50179.87 89418.70 11494.77
2009-10 959.55 114234.46 85962.81 98123.75 51407.58 94307.17 14929.16

Royalty Paid by SCCL - (` in lakh) Royalty paid by NLC - (` in lakh)

Year Royalty Paid to Govt. of Period Amount

Andhra Pradesh 2007-08 12659
2007-08 47,902.00 2008-09 13772
2008-09 56,069.00 2009-10 15726
2009-10 63,713.00 2010-11 (upto December, 2010) 11812
Provisional for the period January, 3836
2011 to March, 2011
4.13 Maharatna status to CIL
Department of Public Enterprises. The
A proposal for grant of Maharatna status proposal was considered by the Inter-
to Coal India Limited (CIL) is under Ministerial Committee (IMC) headed
consideration in consultation with by Secretary, DPE in its meeting held

30
 Coal Exploration & Resources

on 08.02.2011. The IMC has noted that Stock Exchange (National Stock Exchange
Coal India Limited fulfilled the criteria of India Limited). Disinvestment of
laid down for grant of Maharatna status 10% paid up equity in CIL, IPO has
and has recommended the proposal for been launched on 18th October, 2010
grant of Maharatna status to CIL. The and closed on 21st October, 2010 for the
matter is under consideration of the Apex public investors. The CIL IPO was highly
Committee. successful and was oversubscribed 15.3
times and the Government had generated
4.14 Navratna status to NLC fund of `15200 Crores (Approx.) through
The proposal for grant of Navratna status the said IPO.
to NLC has been considered by the Inter-
Ministerial Committee (IMC) in its meeting 4.16 Revival of Sick PSUs
held on 14.09.2010. The committee has Eastern Coalfields Limited (ECL) : Revival
noted that NLC fulfilled the criteria for grant plan of Eastern Coalfields Limited was
of Navratna status and has recommended approved by the Government of India
grant of Navratna status to NLC subject of on 5.10.2006. As per approved plan,
the condition that requisite number of non- net worth of the Company was slated to
official Director would be appointed on its become positive in 2009-10 which did not
Board. The matter is under consideration fructify. Due to delay in implementation
of the Apex Committee. of various projects, it is apprehended
4.15 Listing of CIL that company will not be able to come
out of BIFR in 2010-11 as well. A review
Coal India Limited has been granted hearing was held on 22.11.2010 by the
Navratna status with effect from 24th BIFR. As advised by BIFR, the company
October, 2008. At the time of awarding the has prepared Draft Modified/Revised
Navratna status to CIL, the Government Proposal for revival of Eastern Coalfields
have put the condition that the listing Limited which was discussed in the joint
of shares of CIL should be done in three meeting held on 22nd December, 2010
years. The listing of CIL is expected to for its further consideration/acceptance.
infuse better Corporate Management in As on 31st March, 2010 the negative
the company and listing of CIL is expected networth of the company was ` 6015.55
to infuse better Corporate Management crore. The data in regard to ECL is as
in the company and considering its follows :
performance, CIL standing in market
will also improve, including improved Profit
valuation of the company. Accordingly, 2009-10 - ` 333.40 Cr.
CIL is now a listed company and its shares 2010-11 - ` 142.81Cr. (Loss)
are listed in Bombay Exchange (Bombay (upto Dec. 2010)
Stock Exchange Limited) and National
31
Annual Report 2010-11

Manpower the revised scheme and the Government

2009-10 - 85617 order conveying the sanction has been
2010-11 - 82090 issued to CIL/BCCL on 25.2.2010. Data
(upto Dec. 2010 ) pertaining to above para is as follows:
Profit
Bharat Coking Coal Limited (BCCL): A Net profit incl. PPA 2009-10 - `794.19 cr.
revival plan for BCCL was submitted Manpower
to BRPSE and BIFR. Both BRPSE and 2009-10 - 71838
BIFR have accorded their approval to

32