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Coal India Share Price – Analysis & History

Asefa Hafeez
Coal India Share Price

The state-owned coal mining company, Coal India Limited (CIL), was established in November 1975. With a modest production of 79 million tonnes (MTs) in its founding year, CIL is now the world’s largest coal producer and one of the largest corporate employers with a workforce of 2,48,550 (as of 1st April 2022). CIL operates through its subsidiaries in 84 mining regions spread across eight (8) Indian states. As of 1 April 2022, Coal India Limited manages 318 mines, including 141 underground, 158 opencast, and 19 mixed mines, as well as workshops, hospitals, and other facilities.

 

 

About The Company

 

CIL has 21 Institutes of Training and 76 Vocational Training Centres. The Indian Institute of Coal Management (IICM) is a state-of-the-art Management Training “Centre of Excellence” and the largest corporate training institute in India. It operates under CIL and offers multidisciplinary programmes. CIL is a Maharatna company, a status granted by the Government of India to select state-owned enterprises to enable them to expand their operations and become global giants. Only ten of the country’s more than three hundred central public sector enterprises are members of the exclusive club.

 

CIL has ten wholly-owned subsidiaries in India: Eastern Coalfields Limited (ECL), Bharat Coking Coal Limited (BCCL), Central Coalfields Limited (CCL), Western Coalfields Limited (WCL), South Eastern Coalfields Limited (SECL), Northern Coalfields Limited (NCL), Mahanadi Coalfields Limited (MCL), Central Mine Planning & Design Institute Limited (CMPDIL), CIL Navi Karniya Urja Limited Moreover, CIL has a subsidiary in Mozambique called Coal India Africana Limitada (CIAL). Additional CIL subsidiaries include Hindustan Urvarak & Rasayan Limited, Talcher Fertilizers Ltd., CIL NTPC Urja Pvt. Ltd., and Coal Lignite Urja Vikas Private Limited. CIL’s North Eastern Coalfields (NEC) mines in Assam are managed directly by CIL. Mahanadi Coalfields Limited, a subsidiary of Coal India Ltd, has four (4) subsidiaries, while SECL and CCL each have two (2) subsidiaries.

 

Production And Growth

 

Coal India Limited finished the year with its highest-ever production figure of 622.63 MT, a growth of 4.4%, its highest-ever offtake figure of 661.9 MT, a growth of 15.2%, and its highest overburden removal (OBR) figure of 1366 MCum, a growth of 1.6%. CIL subsidiary MCL is the second CIL subsidiary to join the elite club of 150 coal-producing companies. BCCL, NCL, and MCL met their respective production goals for FY ’22 with increases of 24%, 6%, and 14% over the previous year. 662.566 Mts of coal and coal products were dispatched during the 2021–22 period, with 540.571 Mts going to power utilities (including special forward e-Auction). As of 31.3.2022, the total coal stock at power plants was 25.627 Mt (28 days).

 

It contributes to 75% of all coal-based electricity generation and 85% of all domestic coal production. CIL contributes to 55% of total power generation and 40% of the country’s primary commercial energy needs. Gevra operates the largest open-pit coal mine in Asia, producing 45 million tonnes of coal annually.

 

Projects

 

There are 116 active mining projects with a total annual capacity of 915.36 MTY, which contributed 456.28 Mt in 2021-22. Other than this, 161 mining projects with an annual capacity of 379.25 MTY have been completed.

 

In the fiscal years 2021-2022, 52 mining projects were approved. These projects are anticipated to contribute an additional 102 MT of production in FY 24-25, bringing total CIL coal production to 1 billion tonnes by FY 2024-25.

 

Initiatives In Technology To Improve Production

 

CIL has implemented numerous technological initiatives across its total operational activities. Mass Production Technology has been implemented in a number of underground mines. Examples include Continuous Miner Technology and Long-wall Mining. Free Steered Vehicles for underground transportation of people and materials have been introduced. Man-riding schemes have been designed for 63 UG mines of various CIL subsidiaries to reduce the miners’ arduous walking.

 

The most recent versions of the mine planning software Geovia Minex, Data Mine, Vulcan, and Carlson have been released. This provides the most effective resource management by means of pit design, pit optimization, scheduling of resources and dumps, etc. To prevent theft and pilferage of coal, a GPS/GPRS-based Vehicle Tracking System [VTS] has been installed in coal-transporting vehicles. The introduction of an RFID, CCTV, and Boom Barrier-based Weight Monitoring and control system has increased system transparency. Hydrostatic drills with PCD bits have been introduced to increase the productivity of exploratory drills. Under the R & D project, numerical modelling software (FLAC 3D) was acquired/upgraded and is routinely used for scientific studies involving strata control. The VENTSIM software for ventilation planning in UG mines is introduced. In multiple opencast mines of CIL, 41 departmental surface miners are in operation to eliminate drilling and blasting and to facilitate selective mining. At SECL’s Sharda opencast mine, high wall technology has been implemented with success.

 

Conservation of Energy

 

CIL prioritises energy conservation, and various measures are taken to reduce specific energy consumption. For quarry lighting, UG mine lighting, street lighting, offices and other workplaces, townships, etc., high energy efficient super fans have been installed in various CIL subsidiaries in place of high wattage luminaries or conventional light fittings. As a result, significant electricity consumption savings have been realised. At various locations within CIL subsidiaries, energy-efficient water heaters and automatic timers for street lights have been installed. During 2021-22, nearly all subsidiary company areas maintained have power factors of 95% or higher.

 

Various steps have been taken to utilise solar power as an alternative energy source, such as the successful operation of kilowatt-scale rooftop solar plants. During 2021-22, an additional 4,279 MWp of solar rooftop capacity was added. CIL and its subsidiaries are pursuing the utilisation of renewable energy sources. Solar energy generation by subsidiaries in 2021-22 is as follows:

 

Subsidiary Total Installed Solar Capacity (KWp) up to Mar 22 Energy generated (in kWh) in 2021-22
ECL 1046 406056.50
BCCL 681 342788.80
CCL 1247.5 746234.00
WCL 1997 905427.86

 

The total solar energy generated during 2021-22 was 40 lakh units.

 

Carbon Neutrality

 

Due to the implementation of energy efficiency measures, approximately 31.24 million units of electrical energy will be saved in 2021-22, resulting in an annual decrease of 27,410 tonnes of CO2 (approx.). Similarly, an energy audit was conducted in 8 CIL mines in 2021-22, and 13,273 million units of electrical energy were saved, resulting in a 10884-ton/year CO2 reduction. The generation of solar energy has reduced CO2 emissions by 3,280 tonnes per year.

 

Highlights From Coal India Limited (CIL) Latest Quarterly Results – Q1 FY 23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conclusion

 

CIL is committed to playing a significant role in securing the nation’s energy supply. On the basis of the demand projections in “Vision 2024” for the coal sector in the country and subsequent demand projections for CIL, a roadmap has been developed in which CIL plans to produce 1 billion tonnes (Bt) of coal in 2024-25 in order to meet the country’s coal demand. In order to achieve this objective, CIL has identified major projects and evaluated other relevant issues.

 

Frequently Asked Questions (FAQs) on Coal India Ltd.

 

Coal India Share Price is INR 226.95 as of September 22nd, 2022.

 

As on September 22nd, 2022:

 

Key metrics to analyse of any share price are: 52-week high,  52-week low, 1-year return, 5-year return, etc.

 

The market cap of Coal India Ltd is INR 1.40LCr as of September 22nd, 2022.

 

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