About Coal India Ltd

Coal India Ltd (CIL) is a 'Maharatna' Public Sector Undertaking under Ministry of Coal, Government of India with headquarters at Kolkata, West Bengal. CIL is the single largest coal producing company in the world and one of the largest corporate employers. CIL operates through 83 mining areas spread over eight provincial states of India. CIL has 322 mines (as on 1st April, 2023) of which 138 are underground, 171 opencast and 13 mixed mines. CIL further operates 13 coal washeries, (11 coking coal and 2 non-coking coal) and also manages other establishments like workshops, hospitals, and so on. The Company produces non-coking coal and coking coal of various grades for diverse applications. Most of the coal production is from open cast mines. Others include cement, fertilizer, brick kilns and a host of other industries. CIL has ten fully owned Indian subsidiary companies namely 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 for development of non-conventional/ clean & renewable energy and CIL Solar PV Limited for development of solar photovoltaic module. In addition, CIL has a foreign subsidiary in Mozambique namely Coal India Africana Limitada (CIAL). Further CIL has five Joint Venture companies- Hindustan Urvarak & Rasayan Limited, Talcher Fertilizers Ltd., CIL NTPC Urja Pvt. Ltd., Coal Lignite Urja Vikas Private Limited & International Coal Venture Private Limited. The mines in Assam i.e. North Eastern Coalfields (NEC) is managed directly by CIL. Mahanadi Coalfields Limited, a subsidiary of Coal India Ltd is having four (4) Subsidiaries, SECL has 2 Subsidiaries and CCL has 1 subsidiary. Similarly, Dankuni Coal Complex also continues to be on lease with South Eastern Coalfields Limited. MCL has three subsidiaries viz. MNH Shakti Ltd., MJSJ Coal Ltd. and Mahanadi Basin Power Ltd with 70%, 60% and 100% equity holding respectively. During 2012-13, SECL incorporated two subsidiary companies viz M/s Chhattisgarh East Railway LTD on 12 March 2013 and M/s Chhattisgarh East- West Railway Ltd on 25 March 2013 with 64% holding in each of the subsidiary. The company's coal production operations are primarily carried out through its wholly-owned subsidiaries in India. In addition, another wholly owned subsidiary, CMPDIL, carries out exploration activities for their subsidiaries and provides technical and consultancy services for their operations as well as to third-party clients for coal exploration, mining, processing and related activities. Coal India Limited (CIL) as an organized state owned coal mining corporate came into being following the nationalization of coal industry in India. Coal India Ltd was incorporated on June 14, 1973 as a private limited company with the name Coal Mines Authority Ltd. During the year 1975-76, the name of the company was changed from Coal Mines Authority Ltd to Coal India Ltd. Central Mine Planning and Design Institute Ltd, Eastern Coalfields Ltd, Western Coalfields Ltd, Bharat Coking Coal Ltd and Central Coalfields Ltd became the subsidiaries of the company. During the year 1979-80, the company constructed the low temperature carbonized plant started in Dankuni Coal Complex. During the year 1980-81, they constructed five new washeries, namely Moonidih washery, Ramgarh washery, Mohuda washery, Barora washery and Kedla washery. During the year 1985-86, the company formed Northern Coalfields Ltd and South Eastern Coalfields Ltd as subsidiaries of the company to manage certain mines managed by WCL and CCL. During the year 1987-88, they introduced 'Blasting Gallery Method' at East Katras mine under BCCL and Chora mine under ECL. During the year 1992-93, the company formed MCL as their subsidiaries to manage mines Talcher and IB valley in the state of Orissa. During the year 2006-07, the Department of Public Enterprises, GoI, awarded 'Mini Ratna' status to the company and to MCL, NCL, SECL and WCL. During the year 2007-08, CCL was awarded the 'Mini Ratna' status by the Department of Public Enterprises. During the year 2008-09, the company was awarded 'Navratna' status by the Department of Public Enterprises, GoI, taking into consideration the company's operational efficiency and financial strength. The Navratna status gives greater operational freedom and autonomy to the management in decision making. During the year 2009-10, the company was converted into a public limited company. The company established of Coal India Africana Limitada, a foreign subsidiary in Mozambique. Also, CMPDIL was awarded 'Mini Ratna' status by the Department of Public Enterprises, GoI. The company was awarded Scope Excellence Award by the Standing Conference of Public Enterprises for the year 2007-08. In March 30, 2010, the company signed an MoU with their administrative ministry - Ministry of Coal - for its key performance areas for the fiscal 2010-11. As per the MoU for the fiscal 2010-11, CIL's targeted production and coal off-take have been pegged at 461.5 Million Tonnes (MTs) and 462.5 MTs respectively for attaining an 'Excellent' rating. In October 2010, the company made an initial public offer of shares and their shares were listed on the Bombay Stock Exchange and National Stock Exchange with effect from November 4, 2010. In December 2010, the company signed an MoU with Shipping Corporation of India Ltd for promoting a joint venture company. In March 7, 2011, the company bagged a prestigious International award in Geneva. The company was conferred with the 'Century International Quality ERA Award (CRE) in the Gold Category in recognition of commitment to quality, leadership, technology and innovation. In April 11, 2011, the company was conferred with 'Maharatna Status' by the Government of India. Government of India introduced the Maharatna scheme in February 2010 for Central Public Sector Enterprises (CPSE), in order to empower the mega CPSEs to expand their operations and emerge as global giants. In May 17, 2011, the company became the most valuable PSU with a market capitalisation of Rs 2.51 lakh crore. In 2012 Coal India signs MoU with Government. The company also CIL signs FSA with 14 power companies. CIL gets 116 mines from government to boost output In 2014 Coal India signs MoU with Government for 2014-15. Coal India and Tata Medical Centre join hands. Coal India announces Rs. 235 Crores for Clean India initiative. In 2015, the Union Ministry of Skill Development and Entrepreneurship and the Coal India Limited signed a Memorandum of Agreement to impart skill training to 1.7 lakh people. The company along with GAIL (India) Ltd, Rashtriya Chemical Fertilizers Ltd (RCF) and Fertilizer Corporation of India Ltd (FCIL) entered into a Joint Venture (JV) agreement on 27 October 2015 for incorporation of Rashtriya Coal Gas Fertilizers Ltd. to establish and operate new coal gasification based Fertilizer Complex (Ammonia Urea Complex) at Talcher along with power plant and associated facilities at Talcher unit of FCIL and to market its products. On 17 May 2016, Competition Appellate Tribunal allowed CIL's appeal setting aside the orders of the Competition Commission of India (CCI) imposing penalty of Rs 1773 crore on CIL in relation to complaints filed by various power and non-power companies on 9 December 2013. The case was remitted back to CCI for it to hear the matter again on merits and pass fresh orders. The Board of Directors of CIL at its meeting held on 28 May 2016 approved 6.29% increase in coal prices with effect from 30 May 2016 to be applicable to all subsidiaries of CIL and NEC for regulated and non-regulated sectors. The company's Board also approved the differential price for Non-Regulated Sector at a reduced rate of 20% over the price of Regulated Sector for G6 to G17 grades of coal for all subsidiaries of CIL. On 28 June 2016, Coal India Limited (CIL) and Solar Energy Corporation of India Limited signed two agreements for the implementation of 200 MW solar power projects in Madhya Pradesh for the beneficial utilisation of solar power by Northern Coalfields Limited and South Eastern Coalfields, each at an estimated cost of Rs 650 crore. Northern Coalfields Limited and South Eastern Coalfields are both subsidiaries of CIL. The Board of Directors of CIL at its meeting held on 11 July 2016 approved share buyback programme for buyback of up to 10.89 crore equity shares through the Tender Offer process at a price of Rs 335 per equity share for an aggregate consideration not exceeding Rs 3650 crore. On 27 September 2016, CIL announced one time offer of 20 Mt coal under Special Spot e-auction. On 3 July 2017, CIL announced auction of coal linkages (Tranche III) for non regulated sector as per policy guidelines issued by the Ministry of Coal, Government of India. Chhattisgarh East Rail Ltd (CERL) - East Rail Corridor in the state of Chhattisgarh - Phase - I - Kharsia to Korichhapar (0-44 KM) was commissioned on 12th October 2019. In year 2021, 3 projects of 30 MTA capacity viz. Kusmunda PH-I (10MTPA), Lingaraj (16 MTPA) and Krishnashila (4 MTPA) had been commissioned. 9 coal projects, with a sanctioned capacity of 27.60 MTY and sanctioned capital of Rs 1976.59 Crores were completed with a total capital of Rs. 1958.89 Crs. during the year 2020-21. During year 2022, the Company commissioned the rail connectivity projects including, Lingaraj SILO with Deulbeda siding at Talcher Coalfields of MCL, Under Chhattisgarh East Railway Limited Project of Phase I, the Main corridor between Kharsia to Dharamjaigarh of 74 KM stretch and CHP-SILOs of Kusmunda PH-II (SECL) and Sonepur Bazari (ECL). 5 coal projects with a sanctioned capacity of 12.60 MTY and sanctioned capital of Rs 1769.41 Crores were completed with a total completion capital of Rs 1727.66 Crs. during the year 2021-22. In the first phase, out of the planned 35 FMC Projects of 414.5 MTPA capacity awarded at a capital investment of Rs. 10,750 Cr. 6 FMC Projects of 82 MTPA capacity viz. Kusmunda PH-I (10MTPA), Lingaraj (16 MTPA), Krishnashila (4 MTPA), Block-B Rail Connectivity, Kusmunda PHII (40 MTPA) and Sonepur Bazari (12 MTPA) have been commissioned till 31st Mar' 2022. In the second phase, out of the 9 FMC Projects of 57 MTPA with an estimated investment of about Rs. 2,500 Cr., LoA/WO have been issued for 3 FMC Projects of 14 MTPA capacity in FY 2021-22, viz. Kumardih- B CHP of 1 MTPA, Hura C CHP-SILO of 3 MTPA and Mungoli- Nirguda CHP-SILO of 10 MTPA capacities. Tori-Shivpur New BG Double Rail line (43.70 KM) was commissioned, thus enabling coal evacuation from the Greenfield areas of North Karanpura Coalfield in CCL. It commissioned Jharsuguda -Barpali- Sardega New BG single line (52.41 KM), thus enabling coal evacuation from the Greenfield areas of Basundhara Coalfield of MCL. Rail Connectivity of Lingaraj SILO with Deulbeda siding at Talcher Coalfields of MCL was commissioned in Jul'21 which has resulted in an incremental evacuation capacity by ~ 5 MTPA. The Main corridor from Kharsia to Dharamjaigarh (0-74 KM) was commissioned in June, 2021. The first block section of the spur line from Gharghoda to Bhalumuda (0-14 Km) was commissioned. During the year 2022-23, Mahanadi Coal Rail Ltd (MCRL) -Angul- Balram rail link (14.22 Km) in Talcher coalfield, of Odisha was commissioned in November, 2022. The Company commissioned 7 First Mile Connectivity (FMC) Projects and rail lines of 92 MTPA capacity in 2023.

Coal India Ltd Chairman Speech

Dear Stakeholders,

As we enter another year filled with challenges and opportunities, I am pleased to share with you our progress, achievements, and vision for the future. Over the years, we have played a pivotal role in fueling the growth of the nation's economy by ensuring a steady supply of coal, which is the backbone of our energy sector. Our commitment to excellence, sustainability, and innovation has been instrumental in shaping our journey and driving positive changes in the industry.

I would like to highlight our key accomplishments, the steps we have taken to ensure sustainable growth, and our dedication to the well-being of our stakeholders, environment, and communities.

1. Coal and Coal India Limited in India's Energy Canvas

• India's energy consumption has more than doubled since 2000 propelled by intensified industrialisation and urbanisation. The need for energy continues to expand. It is becoming increasingly evident that no single source of energy can shoulder the entire demand and it has to be a synergy of all sources. Yet, ‘Coal' remains the country's energy spearhead meeting more than half of the primary commercial energy despite the renewable energy sources steadily gaining ascendancy. The dependence on coal is unlikely to diminish soon and its dominance will continue for two decades at the least.

• From an environmental point of view increase of renewable energy sources in the country's energy basket is certainly well aspired. But the big question is whether they will be able to supplant coal at this point of time. Solar and wind are big bets and leading the race. Green and blue hydrogen are getting a keen focus from the country's planners, but pricing will be a challenge to their economic viability.

• The country's total electricity generation during 2022-23, including renewables was 1624.16 Billion Units (BU) compared to 1491.86 BU generated in 2021-22. The generation growth of 8.87% during the year was a 13-year high, which is a testament to the country's swelling energy appetite.

• Of this total, coal-based generation accounted for 70.6% or 1145.86 BU, with 10% growth over the preceding year.

• Though renewable sources have grown by a robust 19% in FY 22-23 over FY'22, their contribution in the overall generation was only 12.5% at 203.36 BU. In other words, renewables trail coal by 5.6 times. This amplifies the importance of coal's role and the need for a balanced energy transition from coal to renewables.

• Additionally, coal stokes many non-power industries as well viz. steel, cement, fertilisers, sponge iron, aluminium and a host of other industries.

• With coal commanding such prominence in the Indian energy sector, Coal India Limited leads the country's coal production contributing to around 79% of the nation's entire coal output. Your Company is committed to increasing its production and supplies to the mandated levels to ensure the country gets power at reasonable price points.

• During the last five years, Coal India's production grew by 24% to 703.20 MT in FY 22-23 from 567.37 MT in FY 2018.

• In a country where 70.6% of the total electricity generation is coal -based, your Company virtually empowers the nation's power sector. CIL's supplies to power sector comprised 84% of its entire despatch during FY 22-23.

• Coal based electricity generation, including imported coal, was 1145.86 BU during 2022-23. The generation through domestic coal sources was 1105.25 BU or 96.5% with the major portion of coal supplied by your Company.

• CIL is also one of the largest contributors to the government exchequer – both Central and State – and also plays a crucial role in country's social fabric touching the lives of countrymen in more ways than one under its corporate social responsibility umbrella.

• Coal India supplies its coal to the Indian consumers at highly competitive costs compared to international coal prices.

• Despite the increase in various input costs, especially diesel and explosives, your Company still sustained an all-time record profitability registering 61% growth in PBT and 62% growth in PAT compared to FY 21-22.

2. A Year of record highs

• Shattering the previous records, your Company's vital performance parameters like production, over burden removal (OBR), coal off-take, supplies to the power plants of the country, Net Sales, PBT and PAT have peaked to a remarkable all-time high.

• In a unified concerted effort, all subsidiaries of CIL have chipped in with their best performance to date by achieving growth in production and OBR.

• Officials at all levels of hierarchy right from CMDs of CIL's subsidiary companies down to GMs, Area Managers have donned leadership roles in keeping the spirit up and elevating their respective Company's performance.

3. Production

• Breaching the 700 MT production mark for the first time your Company has achieved this challenging target on 30th March one day ahead of the closure of FY 22-23.

• Coal India produced 703.2 MT of coal in FY 22-23, with 100.5% target satisfaction. The growth was a strong 13% over 622.6 MT over FY'22.

• The volume increase of 80.6 MT production in a single year was a never witnessed high since the Company's inception. It outstripped by nearly two-fold the previous high of 44.5 MT hike reported in 2015-16.

• Also, the 80.6 MT quantum upsurge during FY 22-23 was almost equivalent to the combined growth of the previous seven financial years which was 84 MT.

• Five of CIL's coal producing subsidiaries BCCL (113%), MCL (110%), NCL (108%), WCL (104%), and CCL (100%) have raced ahead of their respective production targets of 2022-23.

• Leading the production growth among CIL's subsidiaries, MCL with a high orbit production of 193.3 MT accounted for 27.5% of CIL's total production. The production increase over FY'22 was 25.1 MT.

• SECL making a significant turnaround produced 167 MT by FY'23 end, up by 24.5 MT compared to 142.5 MT of last year.

3.1 Over Burden Removal

• In a resolute display, CIL made short the OBR target of 1634 million cubic metres (M.Cu.M) four days before FY 22-23 closure on 27th

March. OBR target was achieved for the first time in seven years since 2015-16.

• Your Company's OBR rose to a new record of 1658.627 M.Cu.M during the fiscal achieving 101.5% of the target. The previous high of OBR was 1362.06 M.Cu.M in FY'22. The Growth was 21.77% over last year. The 297 M.Cu.M volume expansion in a single year was the highest ever increase.

3.2 Coal Off-Take

• CIL's total coal off-take shot up to 694.7 MT in FY'23, the highest till date, with 32.8 MT increase. The 5% growth was over a high base of last year, when CIL's supplies were 661.9 MT.

• Five of the seven coal producing subsidiaries of your Company exceeded previous fiscal's off-take by considerable margin. In the order of logging maximum growth in volume terms they are: MCL (16.4 MT), NCL (7.9 MT), SECL (4.5 MT), BCCL (3.3 MT) and CCL (3.2 MT).

3.3 Supplies to Power Sector

• Your Company's supplies to power sector rose to an unprecedented high of 586 MT ending FY 22-23.

• Given a demand target of 565 MT by the power sector at the beginning of FY'23, CIL topped it by an additional 21 MT by the fiscal's end. This was 103.7% target achievement.

• Satiating the power sector's increased appetite, the Company supplied 45.6 MT more coal in FY'23 compared to the preceding fiscal. In the process, CIL posted 8.3% growth in supplies to power plants over a high base of 540.4 MT of FY 21-22.

4. Other Marketing Achievements

• Quality Coal Supply The efforts for better quality coal supplies reflected a positive jump as the grade conformity improved to 70% during FY 22-23 from 66% over FY 21-22 according to the third party sample analysis results received.

Now, all the consumers of CIL have the option for quality assessment of the supplies through independent third-party sampling agencies.

As a result of conscious and continuous measures taken towards quality maintenance, the gap between the weighted average of declared and analysed GCV of coal during the year was only 3 Kcal/kg well within one GCV band.

• Rake loading up Average loading per day was at its highest ever level of 273.6 rakes against 271.2 rakes/ day compared to FY 21-22. Average loading to Power Sector consumers was also at a high of 259.4 rakes/ day against 243.1 rakes/day with year-on-year growth of 7%.

• Single window mode agnostic e-auction Starting 1st March, 2023 onwards coal companies have started conducting ‘single window mode agnostic e-auction' replacing the spot auction.

• E-auction fetches higher premium

Increased premiums in e-auction sales along with higher volume sales have augmented the Company's strong profitability during the year. Though e-auction volume sales at 62.32 (raw coal) MT during FY 22-23 were lower by 43.8% compared to 110.80 MT of FY 21-22, the higher premiums helped your Company in turning up the sales by H9,347 crore. Realisation per tonne of coal under e-auction was H4,841.14 against H1,879.42 per tonne in FY 21-22, up by nearly 158%.

• Consumer grievance redressal For quicker redressal of commercial grievances of the consumers and to cement better business relations Coal India has set up ‘Consumer Grievance Redressal Committees' at its headquarters as well as at subsidiary companies.

5. Growth strategies

• Mine Developers and Operators Of the 15 MDO projects (11 OC and 4 UG) having a combined targeted capacity of 170 MT work orders were issued for nine projects of 127 MT/Y capacity during the year. Three of the nine projects have already begun mining operations and of the remaining six, bids are under evaluation for two projects while for four projects the tendering process is on.

• Projects Approved 24 Coal Mining Projects with a total capacity of 140.3 MT/Y were approved in FY 22-23. The total sanctioned capital for these projects is Rs. 22130.22 crore.

• Focus on UG mining For the revival of output through UG mines CIL has identified 30 discontinued mines for their operationalisation. These mines have an estimated mineable reserves of around 600 MT. They are being pursued under two tranches. In the first tranche, tenders have been floated for reviving 20 mines. Of the 10 bids received, Letters of Acceptance were issued for all of them. Under the second tranche, tenders have been floated for nine mines.

• Five Continuous Miners have been commissioned during FY 22-23 to boost underground mechanisation in ECL, WCL and SECL.

Green clearances CIL secured environmental clearances for 40 proposals having an incremental capacity of 87.32 MT/Y. Your Company has also secured Stage-l

Forestry clearances for seven proposals of 1920.15 Hectares and final approval (Stage-II FC) for seven proposals of 885.86 Hectares.

6. Finest Financial Performance

• Your Company has registered a humongous growth in Profit Before Tax (PBT) by 60.91% and Profit After Tax (PAT) by 61.84% in FY 22-23 vis-?-vis FY 21-22. PBT of CIL consolidated is Rs.38,000.81 crore and PAT is Rs.28,124.94 crore in FY 2022-23. This was despite provisioning Rs.8,153 crore in the accounts in 2022-23 towards wage revision of CIL's non-executive manpower.

• Your Company's Net Sales, the highest ever till date, was Rs.1,27,627.47 crore during the year achieving a robust 27% growth compared to Rs.1,00,562.57 crore in FY 2022.

• Gross Sales have also risen to a record level of Rs. 1,87,455.57 crore during the fiscal year, eclipsing the previous best of H 1,52,603.30 crore recorded in FY 2022 by nearly 23%.

• Earnings before interest, tax, depreciation, amortisation, impairment (EBITDA) - the measure of a Company's financial performance has risen by 49% during FY'23 to Rs.H40,291.30 crore from Rs.26,973.89 crore in FY 21-22.

• Your Company and its Subsidiaries paid/adjusted Rs.56524.11 crore towards Royalty, GST, Sales Tax/ VAT, GST Compensation Cess, Cess, District Mineral Foundation (DMF), National Mineral Exploration Trust (NMET) and other levies. This is a growth of 13.78% compared to FY 21-22.

• Coal India has paid a total interim dividend of Rs.12,479.57 crore during FY 2023 at Rs.20.25 per share. Further, Coal India's Board has recommended a final dividend of Rs.4.00 per share for FY 22-23 in its meeting held on 7th May, 2023.

7. Record Capex

• Capital expenditure of CIL has registered a phenomenal growth of 20.90% over previous year. This helped your Company spend Rs.18,619.27 crore in FY 22-23 compared to Rs.15,400.96 crore in FY 21-22

• The target Capital Expenditure of Rs.16,500 crore has been accomplished with 112.84% achievement rate. The achievement comes at a time when Govt. of India had advised CPSEs of the country to scale up their expenditure to boost the economy.

• The capital expenditure, fully funded through internal resources, was driven up by many developments of your Company like accelerated HEMM procurement process, land acquisition, coal evacuation initiatives, rail infrastructure strengthening, timely contract finalizations and execution, Joint Ventures, and so on.

• The year's record Capex will yield positive results for the Company in ensuing years in terms of production and coal transportation.

8. Strengthening evacuation infrastructure

• To ensure seamless transportation of coal through rail mode especially from mines having high growth potential, your Company has invested in the construction of new rail lines.

Some of the major developments in FY 22-23 include -

• Starting the construction of the Shivpur-Kathautia new railway line of 49.09 km with achieving the Financial Closure of the project in May 2022.

• ‘Inflated Mileage' has been approved by Railway Board for two railway tines funded by CIL on ‘Deposit Basis'. Capacity enhancement works have started during the year in both the railway lines of Jharsuguda- Barpali-Sardega, stretch of 52.41 km and Tori- Shivpur, stretch of 44.37 km.

• Angul- Balram rail link project of 14.22 km, undertaken by Mahanadi Coast Railway Ltd, has been commissioned on 14^th November, 2022, thereby enhancing rail evacuation capacity by about 15 MTPA from Talcher coalfields of MCL.

• Under the First Mile Connectivity, the eco-friendly mechanised transportation of coal, construction of 7 projects having a total of 92 MT have been commissioned till date.

9. Procurement through GeM

• According to the government mandate of enhancing procurement of goods and services through GeM portal, CIL has exceeded the targeted value of procurement of goods at Rs.3107.33 crore. Target for 2022-23 was Rs.3035 crore.

10.Efforts for Enriching the Environment

• Greening the mining areas In a two-year period, your Company's plantation in its mining areas almost went up two-fold to 1613.39 Hectares (Rs.a) in FY 22-23 from 1,468 Rs.a of FY'22. During the fiscal year, CIL has planted over 31.01 lakh saplings.

• CIL has exceeded the year's target of 1,510 Rs.a achieving 107% satisfaction. The increased plantation helped in creating about 81,000 tonnes of carbon sink potential per year.

• Creation of Eco-Park CIL is converting its abandoned mines into eco-parks as part of reclamation to boost local tourism and promote conservation in mining areas. These have become popular as eco-tourism points. CIL's Subsidiaries have developed 3 eco-parks over an area of 41 Rs.a with a budget of Rs.5.67 crore during the year. A total of 30 such eco-parks are already attracting steady footfalls. Plans are afoot for the creation of more eco parks, eco-tourism sites and eco-restoration sites in mining areas.

11. Energy Efficiency Measures

• Coal India has adopted of a mix of energy efficient measures by beginning FY 21-22. Ending FY 22-23 these measures have resulted in a reduction of 69,000 tonnes of emissions this year which was

Co2

124% of the estimated target of 55,766 tonnes.

• Total savings on energy was 84.20 million KwH (units) as a result of implementation of energy efficient LED lights, ACs, super fans, water heaters, motors, and auto timer street lights.

12.Creating Wealth from Waste through Sand segregation Plants

• As part of a novel out-of-the-box initiative, your Company is creating sand from overburden material. Three such sand segregation projects one each in WCL (2,08,229 Cu.M,) ECL (18,000 Cu.M,) and NCL (38,200 Cu.M,) during the year, have cumulatively produced a total of 2,64,429 cubic metres of sand from OBR. This initiative makes inexpensive sand available for construction in eco-friendly manner.

• Sand, one of the essential commodities commands huge demand in the construction industry. Presently, the demand is met through sand mining and dredging from water courses of rivers, which severely affects the riverine eco-system. This move by Coal India helps preserve the ecosystem to some extent.

13.Effective Utilisation of Mine Water

• Mine water discharged from Coal India's mines benefitted 11.10 lakh people in 837 villages in the proximity of its mining areas during the year. The water was used for domestic and irrigation purposes. Nearly 110 more villages and 42,000 more populace benefitted compared to FY 21-22. A total of 2,832 Kilo Litres of water was utilised for own use including industrial and domestic whereas the use of 2,692 Kilo Litres benefitted the community for domestic and irrigation purposes .

14.CSR: Concern for Community

• Coal India is a major CSR spender among the CPSEs of the country. Your Company as whole spent Rs.586.50 crore on CSR activities during the fiscal year.

• Some of the major CSR projects undertaken during FY 2022-23, include the construction of a 5,000 seater library at Ranchi University, reconstruction of rain shelter cum common facility center in Badrinath, and the establishment of centralised kitchen for providing mid-day meals to 50,000 students in Ramgarh (Jharkhand), among others

• MCL and CCL were declared winners in ‘Agriculture & Rural Development' and ‘Promotion of Sports,' respectively in the prestigious National CSR Awards 2020, declared in August 2022.

• CSR spend of Rs.2,172.63 crore during a four-year period till the end of FY 22-23, was 25.7% higher than

Rs.1,731.6 crore that the Company was statutorily obligated to spend.

15. Breakthrough for wage agreement under NCWA-XI

• Your Company is the largest corporate employer in the country and the large base of it comprises skilled non-executives. CIL lays high priority on timely conclusion of their wage revision.

• On a positive note, Coal India and the four central trade unions BMS, HMS, AITUC and CITU, on 3rd January, 2023 have signed a Memorandum of Understanding (MoU) recommending 19% Minimum Guaranteed Benefit (MGB) to its 2.38 lakh non-executive employees, as part of National Coal Wage Agreement –XI (NCWA-XI).

• MGB of 19% is over the emoluments as of 30th June, 2021, which include basic pay, variable dearness allowance, special dearness allowance and attendance bonus.

• Further, 25% increase in allowances has been agreed by your Company at time of conclusion of NCWA-XI wage pact.

• During previous three editions of NCWA, Coal India was the first CPSE in the country to have successfully concluded the wage pact of the workforce.

16. Signing of MoUs

• CIL has executed three Memorandums of Understanding (MoUs) with BHEL, GAIL India Limited and IOCL for undertaking coal-to-chemical business, using surface coal gasification, which is proposed to be implemented jointly through JV companies.

• Coal India signed two MoUs for its foray into thermal power business.

First is for a joint venture between SECL and Madhya Pradesh Power Generating Company Limited (MPPGCL) to implement 1 x 660 MW Supercritical Thermal Power Station replacing the retired generating units situated at the existing premises of MPPGCL's Amarkantak Thermal Power Station, Chachai, district Anuppur, Madhya Pradesh.

• The other initiatives is setting up of 2 x 800 MW Super critical thermal power plant in Odisha, through Mahanadi Basin Power Ltd. (MBPL), a 100% subsidiary of MCL. MoU between CIL and Assam Power Distribution Company Limited (APDCL) was executed for purchase of 1200 MW from the proposed MBPL Power Plant.

17. Employee learning and Vocational Training

• A total of 1,083 multi-disciplinary executives across different levels and disciplines were offered training in premier management institutes. The total number of Coal India's employees trained were 95,635 which is 39.86% of the Company's total manpower. Roughly 36,644 contractors' workers were provided with Skill Development trainings in CIL's Vocational Training Institutes in accordance to Mines Vocational Training Rules. Nearly, 8,891 apprentices were engaged and offered on-the-job-training at Coal India and Subsidiaries for one year.

18.Sporting Activities

• During the year, Coal India spent H2.97 crore towards creation of sports infrastructure, assistance to players excelling in their respective fields and sponsorship of major sports events. Coal India has also organised Cricket and Golf Tournament for All India Public Sector Sports Promotion

Board where several PSUs have participated.

19. Safety: A priority Concern

• Your Company's concentrated focus on ensuring safety of its workmen resulted in fatalities and fatal accidents falling by a third in 2022. Fatalities have hit an all-time low of 20 in 2022 coming down by 31% in a year compared to 29 recorded in 2021.

• Demonstrating a downward trend, fatal accidents were also reduced by one third to 18 in 2022. Comparatively the same were 27 in 2021.

• Fatality rate per million tonne (MT) of coal produced was 0.028 in 2022 decreasing sizeably by 40%, as against 0.047 of 2021; whereas coal production during the referred period has gone up by 71 MT.

• Coal India views safety as a priority concern at par with its performance parameters. The primary concern of CIL is to safeguard its prime assets – Men, Mines and Machines. Safety norms are viewed holistically to make all mining operations safe and hazard free.

20.Integrated Report

• The Company has voluntarily prepared its first integrated Annual Report that aims to provide a comprehensive view of our integrated and sustainable approach, showcasing the value we create while addressing the needs and expectations of our stakeholders.The report presents Coal India's strategic framework for creating value in the short, medium, and long-term. It provides a concise review of the Company's performance over the fiscal year, showcasing how it aligns with the strategic objectives of the Company.

21.Business Responsibility and Sustainability:

• During the year, your Company has published its ‘Business Responsibility and Sustainability Report' (BRSR) in the Annual Report. The BRSR indicates the Company's performance against the principles of the ‘National Guidelines on Responsible Business Conduct'. This would enable the members to have an insight into Environmental, Social and Governance initiatives of the Company.

22.Corporate Governance

• Your Company has complied with the conditions of Corporate Governance, as stipulated in the Guidelines on Corporate Governance for Central Public Sector Enterprises (CPSEs) issued by the Department of Public Enterprises, Government of India and Regulation 34(3) read with Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with the Stock Exchanges. As required under SEBI (LODR) Regulations 2015, a separate section on Corporate Governance has been added to Directors' Report and a Certificate for compliance of conditions of Corporate Governance has been obtained from a peer reviewed, practising Company Secretary.

• Your Company has conducted Secretarial Audit by a peer reviewed Practicing Company Secretary firm for F.Y. 2022-23 as required under Companies Act 2013. The Company has complied with the provisions of Companies Act, 13 and SEBI (LODR) Regulations 2015 except for appointment of Woman Independent Director resulting in levy of penalty by Stock Exchanges for non-appointment of Woman Independent Director. The Secretarial Audit Report 2022-23 forms part of Director's Report. The power to appoint Woman Independent Director vests with the Govt. of India. Your Company has taken up the matter with Ministry of Coal even before vacancy arose as well as subsequent to the vacancy.

23.Vision

• Your Company's vision is to ensure that there is no shortage of coal in the country and to make the country self-reliant in terms of coal. Coal India envisions to be a commercially viable Company and endeavours to move ahead as a contemporary, professional, consumer friendly and successful corporate entity committed to national developmental goals. Our vision also extends to dedicate our services to the service of the countrymen in providing the primary commercial energy in an affordable and environment-friendly manner. Coal India aims to be not only a valued Company, but a Company with values.

24.Acknowledgement

• On behalf of your Company's Board of Directors, I wish to convey my deep gratitude to you, our valued shareholders, for your continued support and trust. This motivates us to excel in all our pursuits and constantly create value for you as well as for the nation.

• I appreciate the unstinted support and valuable guidance received from the Ministry of Coal, Government of India. I also express my sincere thanks to other Central Government Ministries and Departments, State Governments, all employees, Trade Unions, Auditors, Consumers, Suppliers and all other stakeholders for their continuous co-operation.

   

Coal India Ltd Company History

Coal India Ltd (CIL) is a 'Maharatna' Public Sector Undertaking under Ministry of Coal, Government of India with headquarters at Kolkata, West Bengal. CIL is the single largest coal producing company in the world and one of the largest corporate employers. CIL operates through 83 mining areas spread over eight provincial states of India. CIL has 322 mines (as on 1st April, 2023) of which 138 are underground, 171 opencast and 13 mixed mines. CIL further operates 13 coal washeries, (11 coking coal and 2 non-coking coal) and also manages other establishments like workshops, hospitals, and so on. The Company produces non-coking coal and coking coal of various grades for diverse applications. Most of the coal production is from open cast mines. Others include cement, fertilizer, brick kilns and a host of other industries. CIL has ten fully owned Indian subsidiary companies namely 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 for development of non-conventional/ clean & renewable energy and CIL Solar PV Limited for development of solar photovoltaic module. In addition, CIL has a foreign subsidiary in Mozambique namely Coal India Africana Limitada (CIAL). Further CIL has five Joint Venture companies- Hindustan Urvarak & Rasayan Limited, Talcher Fertilizers Ltd., CIL NTPC Urja Pvt. Ltd., Coal Lignite Urja Vikas Private Limited & International Coal Venture Private Limited. The mines in Assam i.e. North Eastern Coalfields (NEC) is managed directly by CIL. Mahanadi Coalfields Limited, a subsidiary of Coal India Ltd is having four (4) Subsidiaries, SECL has 2 Subsidiaries and CCL has 1 subsidiary. Similarly, Dankuni Coal Complex also continues to be on lease with South Eastern Coalfields Limited. MCL has three subsidiaries viz. MNH Shakti Ltd., MJSJ Coal Ltd. and Mahanadi Basin Power Ltd with 70%, 60% and 100% equity holding respectively. During 2012-13, SECL incorporated two subsidiary companies viz M/s Chhattisgarh East Railway LTD on 12 March 2013 and M/s Chhattisgarh East- West Railway Ltd on 25 March 2013 with 64% holding in each of the subsidiary. The company's coal production operations are primarily carried out through its wholly-owned subsidiaries in India. In addition, another wholly owned subsidiary, CMPDIL, carries out exploration activities for their subsidiaries and provides technical and consultancy services for their operations as well as to third-party clients for coal exploration, mining, processing and related activities. Coal India Limited (CIL) as an organized state owned coal mining corporate came into being following the nationalization of coal industry in India. Coal India Ltd was incorporated on June 14, 1973 as a private limited company with the name Coal Mines Authority Ltd. During the year 1975-76, the name of the company was changed from Coal Mines Authority Ltd to Coal India Ltd. Central Mine Planning and Design Institute Ltd, Eastern Coalfields Ltd, Western Coalfields Ltd, Bharat Coking Coal Ltd and Central Coalfields Ltd became the subsidiaries of the company. During the year 1979-80, the company constructed the low temperature carbonized plant started in Dankuni Coal Complex. During the year 1980-81, they constructed five new washeries, namely Moonidih washery, Ramgarh washery, Mohuda washery, Barora washery and Kedla washery. During the year 1985-86, the company formed Northern Coalfields Ltd and South Eastern Coalfields Ltd as subsidiaries of the company to manage certain mines managed by WCL and CCL. During the year 1987-88, they introduced 'Blasting Gallery Method' at East Katras mine under BCCL and Chora mine under ECL. During the year 1992-93, the company formed MCL as their subsidiaries to manage mines Talcher and IB valley in the state of Orissa. During the year 2006-07, the Department of Public Enterprises, GoI, awarded 'Mini Ratna' status to the company and to MCL, NCL, SECL and WCL. During the year 2007-08, CCL was awarded the 'Mini Ratna' status by the Department of Public Enterprises. During the year 2008-09, the company was awarded 'Navratna' status by the Department of Public Enterprises, GoI, taking into consideration the company's operational efficiency and financial strength. The Navratna status gives greater operational freedom and autonomy to the management in decision making. During the year 2009-10, the company was converted into a public limited company. The company established of Coal India Africana Limitada, a foreign subsidiary in Mozambique. Also, CMPDIL was awarded 'Mini Ratna' status by the Department of Public Enterprises, GoI. The company was awarded Scope Excellence Award by the Standing Conference of Public Enterprises for the year 2007-08. In March 30, 2010, the company signed an MoU with their administrative ministry - Ministry of Coal - for its key performance areas for the fiscal 2010-11. As per the MoU for the fiscal 2010-11, CIL's targeted production and coal off-take have been pegged at 461.5 Million Tonnes (MTs) and 462.5 MTs respectively for attaining an 'Excellent' rating. In October 2010, the company made an initial public offer of shares and their shares were listed on the Bombay Stock Exchange and National Stock Exchange with effect from November 4, 2010. In December 2010, the company signed an MoU with Shipping Corporation of India Ltd for promoting a joint venture company. In March 7, 2011, the company bagged a prestigious International award in Geneva. The company was conferred with the 'Century International Quality ERA Award (CRE) in the Gold Category in recognition of commitment to quality, leadership, technology and innovation. In April 11, 2011, the company was conferred with 'Maharatna Status' by the Government of India. Government of India introduced the Maharatna scheme in February 2010 for Central Public Sector Enterprises (CPSE), in order to empower the mega CPSEs to expand their operations and emerge as global giants. In May 17, 2011, the company became the most valuable PSU with a market capitalisation of Rs 2.51 lakh crore. In 2012 Coal India signs MoU with Government. The company also CIL signs FSA with 14 power companies. CIL gets 116 mines from government to boost output In 2014 Coal India signs MoU with Government for 2014-15. Coal India and Tata Medical Centre join hands. Coal India announces Rs. 235 Crores for Clean India initiative. In 2015, the Union Ministry of Skill Development and Entrepreneurship and the Coal India Limited signed a Memorandum of Agreement to impart skill training to 1.7 lakh people. The company along with GAIL (India) Ltd, Rashtriya Chemical Fertilizers Ltd (RCF) and Fertilizer Corporation of India Ltd (FCIL) entered into a Joint Venture (JV) agreement on 27 October 2015 for incorporation of Rashtriya Coal Gas Fertilizers Ltd. to establish and operate new coal gasification based Fertilizer Complex (Ammonia Urea Complex) at Talcher along with power plant and associated facilities at Talcher unit of FCIL and to market its products. On 17 May 2016, Competition Appellate Tribunal allowed CIL's appeal setting aside the orders of the Competition Commission of India (CCI) imposing penalty of Rs 1773 crore on CIL in relation to complaints filed by various power and non-power companies on 9 December 2013. The case was remitted back to CCI for it to hear the matter again on merits and pass fresh orders. The Board of Directors of CIL at its meeting held on 28 May 2016 approved 6.29% increase in coal prices with effect from 30 May 2016 to be applicable to all subsidiaries of CIL and NEC for regulated and non-regulated sectors. The company's Board also approved the differential price for Non-Regulated Sector at a reduced rate of 20% over the price of Regulated Sector for G6 to G17 grades of coal for all subsidiaries of CIL. On 28 June 2016, Coal India Limited (CIL) and Solar Energy Corporation of India Limited signed two agreements for the implementation of 200 MW solar power projects in Madhya Pradesh for the beneficial utilisation of solar power by Northern Coalfields Limited and South Eastern Coalfields, each at an estimated cost of Rs 650 crore. Northern Coalfields Limited and South Eastern Coalfields are both subsidiaries of CIL. The Board of Directors of CIL at its meeting held on 11 July 2016 approved share buyback programme for buyback of up to 10.89 crore equity shares through the Tender Offer process at a price of Rs 335 per equity share for an aggregate consideration not exceeding Rs 3650 crore. On 27 September 2016, CIL announced one time offer of 20 Mt coal under Special Spot e-auction. On 3 July 2017, CIL announced auction of coal linkages (Tranche III) for non regulated sector as per policy guidelines issued by the Ministry of Coal, Government of India. Chhattisgarh East Rail Ltd (CERL) - East Rail Corridor in the state of Chhattisgarh - Phase - I - Kharsia to Korichhapar (0-44 KM) was commissioned on 12th October 2019. In year 2021, 3 projects of 30 MTA capacity viz. Kusmunda PH-I (10MTPA), Lingaraj (16 MTPA) and Krishnashila (4 MTPA) had been commissioned. 9 coal projects, with a sanctioned capacity of 27.60 MTY and sanctioned capital of Rs 1976.59 Crores were completed with a total capital of Rs. 1958.89 Crs. during the year 2020-21. During year 2022, the Company commissioned the rail connectivity projects including, Lingaraj SILO with Deulbeda siding at Talcher Coalfields of MCL, Under Chhattisgarh East Railway Limited Project of Phase I, the Main corridor between Kharsia to Dharamjaigarh of 74 KM stretch and CHP-SILOs of Kusmunda PH-II (SECL) and Sonepur Bazari (ECL). 5 coal projects with a sanctioned capacity of 12.60 MTY and sanctioned capital of Rs 1769.41 Crores were completed with a total completion capital of Rs 1727.66 Crs. during the year 2021-22. In the first phase, out of the planned 35 FMC Projects of 414.5 MTPA capacity awarded at a capital investment of Rs. 10,750 Cr. 6 FMC Projects of 82 MTPA capacity viz. Kusmunda PH-I (10MTPA), Lingaraj (16 MTPA), Krishnashila (4 MTPA), Block-B Rail Connectivity, Kusmunda PHII (40 MTPA) and Sonepur Bazari (12 MTPA) have been commissioned till 31st Mar' 2022. In the second phase, out of the 9 FMC Projects of 57 MTPA with an estimated investment of about Rs. 2,500 Cr., LoA/WO have been issued for 3 FMC Projects of 14 MTPA capacity in FY 2021-22, viz. Kumardih- B CHP of 1 MTPA, Hura C CHP-SILO of 3 MTPA and Mungoli- Nirguda CHP-SILO of 10 MTPA capacities. Tori-Shivpur New BG Double Rail line (43.70 KM) was commissioned, thus enabling coal evacuation from the Greenfield areas of North Karanpura Coalfield in CCL. It commissioned Jharsuguda -Barpali- Sardega New BG single line (52.41 KM), thus enabling coal evacuation from the Greenfield areas of Basundhara Coalfield of MCL. Rail Connectivity of Lingaraj SILO with Deulbeda siding at Talcher Coalfields of MCL was commissioned in Jul'21 which has resulted in an incremental evacuation capacity by ~ 5 MTPA. The Main corridor from Kharsia to Dharamjaigarh (0-74 KM) was commissioned in June, 2021. The first block section of the spur line from Gharghoda to Bhalumuda (0-14 Km) was commissioned. During the year 2022-23, Mahanadi Coal Rail Ltd (MCRL) -Angul- Balram rail link (14.22 Km) in Talcher coalfield, of Odisha was commissioned in November, 2022. The Company commissioned 7 First Mile Connectivity (FMC) Projects and rail lines of 92 MTPA capacity in 2023.

Coal India Ltd Directors Reports

To

The Members, Coal India Limited

Ladies and Gentlemen,

On behalf of the Board of Directors, I have great pleasure in presenting to you, the 49^th Annual Report of Coal India Limited (CIL) and Audited Accounts for the year ended 31^st March, 2023 together with the reports of Statutory Auditors and Comptroller and Auditor General of India thereon.

Coal India Limited (CIL) is a ‘Maharatna' company under the Ministry of Coal, Government of India with headquarter at Kolkata, West Bengal. CIL is the single largest coal producing company in the world and one of the largest corporate employers with manpower of 239210 (as on 1^st April, 2023). CIL operates through 83 mining areas spread over eight (8) states of India. Coal India Limited has 322 mines (as on 1^st April, 2023) of which 138 are underground, 171 opencast and 13 mixed mines.

CIL has eleven fully owned subsidiary companies viz. 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 Navikarniya Urja Limited for development of non-conventional/ clean & renewable energy and CIL Solar PV Limited for development of solar photovoltaic module. CIL has a foreign subsidiary in Mozambique namely Coal India Africana Limitada (CIAL). Further CIL has five Joint Venture companies- Hindustan Urvarak & Rasayan Limited, Talcher Fertilizers Ltd., CIL NTPC Urja Pvt. Ltd., Coal Lignite Urja Vikas Private Limited & International Coal Venture Private Limited.

The mines in Assam i.e. North Eastern Coalfields (NEC) is managed directly by CIL.

Mahanadi Coalfields Limited, a subsidiary of Coal India Ltd is having four (4) Subsidiaries, SECL has two (2) Subsidiaries and CCL has one (1) subsidiary.

1. STATE OF COMPANY AFFAIRS

1. CIL produced 703.20 MT during 2022-23 which is the highest production achieved since its inception. Production for the year represented an increase of 80.57 MTs i.e. 12.94 % growth over last year's production of 622.63 MTs.

2. MCL became the highest coal producing subsidiary for the financial year 2022-23.

3. CIL coal off-take of 694.69 MTs in 2022-23 is the highest whopping 32.80 MT increase over 2021-22.

4. ERP implemented and have become live across all subsidiaries of Coal India Limited as a result for the first time CIL was able to declare its Financial Results within 37 days from the closure of financial year.

5. 19% (Nineteen Percent) Minimum Guaranteed Benefit (MGB) w.e.f. 01.07.2021 on emoluments (i.e. Basic, VDA, SDA & Attendance Bonus) as on 30.06.2021 and 25% increase in allowances have been granted in NCWA XI to Non-executives.

6. The President of India (acting through the Ministry of Coal, Government of India), the promoter of the Company has sold 9,24,40,924 equity shares of face value of H 10 each in Offer For Sale ( OFS) (representing 1.50% of the total paid up equity share capital of the Company) on June 1, 2023 (for Non-Retail Investors only) and on June 2, 2023 (for Retail Investors and for Non-Retail Investors who choose to carry forward their un-allotted bids) with an option to additionally sell 9,24,40,924 equity shares (representing 1.50% of the total paid up equity share capital of the Company). Hence, they have sold 18,48,81,848 equity shares (representing 3.00% of the total paid up of the equity share capital) of the Company to Non-Retail Investors and Retail Investors on the basis of valid bids received on June 1, 2023 and June 2, 2023. The total proceeds of the OFS aggregates to H 4185.31 crore. In addition, 16,767 equity shares have been transferred by the president of India for allotment under 'Employee OFS' amounting to Rs. 37.91 Lakhs.

2. FINANCIAL PERFORMANCE

2.1 Financial Results (CIL Consolidated)

For the Financial Year 2022-23 CIL has achieved an aggregate Profit Before Tax of H 38,000.81 crore and Profit

After Tax of Rs. 28,124.94 crore as against Profit Before Tax of Rs. 23,616.28 crore and Profit After Tax of Rs. 17,378.42 crore in 2021-22. The subsidiary wise details of Pre-tax Profit are given in Annexure 1.

Highlights of performance

The performance highlight of Coal India Limited (Consolidated) for the Financial Year 2022-23 compared to the previous year are shown in the table below:

Particulars	As on 31-03-2023	As on 31-03-2022
Production of Coal (in million tonnes)	703.204	622.634
Off-take of Coal (in million tonnes)	694.689	661.885
Sales (Gross) (H/crore)	187455.57	152603.30
Closing Capital Employed (H/crore)	142472.01	123029.17
Net Worth (H/crore)	57224.76	43124.14
Profit Before Tax (H/crore)	38000.81	23616.28
Profit for the Year (H/crore)	28124.94	17378.42
Total Comprehensive Income for the year (H/crore)	28389.57	17429.73
Return on Average Capital Employed (%)	26.83	19.25
Return on Average Net Worth (%)	56.05	43.65
Earnings Per Share (H) (Considering Face Value of H.10 per share)	45.70	28.17
Dividend per Share (H)* (Considering Face Value of H 10 per share)	24.25	17.00
Inventory Turnover Ratio (as no. of months)	0.68	0.92
Debtor Turnover Ratio (as no. of months)	0.78	1.22

*Dividend per share includes Final Dividend and Interim Dividend. For FY 2022-23, final dividend of Rs.4.00 is subject to approval of shareholders in AGM.

Transfer to Reserves

During the Financial Year 2022-23, a sum of Rs. 1326.83 crore

(previous year Rs.862.41 crore) was transferred to General Reserves out of CIL Consolidated profits.

2.2 Dividend Income and Pay Outs (CIL Standalone)

While the financial statements of both CIL (Standalone and Consolidated) are presented separately, only CIL Standalone is listed and relevant for dividend payment to its shareholders. The dividend to its shareholders are paid out of CIL's Standalone income, the major part of which constitutes the dividend income received during Financial Year 2022-23 from its subsidiaries i.e. CCL,NCL,SECL,MCL and CMPDIL. The breakup of such dividend received and accounted for during the year from different subsidiaries are given in Annexure 2.

Equity holding of Government of India of CIL stands at 66.13% of Total Equity share capital as at 31^st March, 2023.

During the Financial Year 2022-23, CIL Standalone had paid interim dividends aggregating Rs. 12479.57 crore @ Rs. 20.25 per share against face value of Rs. 10/- each fully paid up. Out of above total interim dividend, the share of Government of India was Rs. 8253.16 crore and for other shareholders,

Rs. 4226.41 crore. (Previous Year – Total Interim Dividend Rs. 8627.82 crore; Government of India - Rs. 5705.89 crore and Other Shareholders – Rs. 2921.93 crore).

Coal India has also paid final dividend of Rs. 1848.82 crore

@ Rs. 3.00 per share for Financial Year 2021-22. Out of final dividend of Financial Year, the share of Government of India was Rs. 1222.69 crore.

Further, Board of directors of the company have recommended a final dividend of Rs. 4.00 per equity share for the Financial Year 2022-23 on 07^th May, 2023 which is subject to the approval of shareholders in the Annual General Meeting (AGM) of the company to be held for the financial year 2022-23.

2.3 Supplementary Audit of Financial Statements by Comptroller and Auditor General of India (C&AG).

The comments of C&AG on supplementary audit under Section 143 (6)(b) [and also read with Section 129 (4)] of the Companies Act, 2013 of Standalone and Consolidated Financial Statements for the Financial Year 2022-23 are enclosed as (Annexure 3 and Annexure 4) along with Management explanation.

2.4 Management Explanation on Statutory Auditor's Report

The statutory auditors of the company have given an unqualified report [Annexure 3(A) and Annexure 4(A)] on the Standalone Financial Statements and Consolidated Financial Statements respectively of the company for the financial year 2022-23. However, they have drawn attention to certain matters under "Emphasis of Matters".

The emphasis of Matter paragraph point no. (i) and (ii) in the audit report on Standalone Financial Statements and points (a) and (c) in the report on consolidated Financial Statements, are explained as under –

(a) Regarding carrying forward of the input tax credit on GST, the matter has been adequately explained in footnote 4 to note 11 of Standalone Financial Statements and footnote 5 to note 11 of Consolidated Financial Statements respectively.

(b) In respect of transportation charges receivable from the customer, the matter has been adequately explained in footnote 4 to note 13 of Consolidated Financial Statements.

(c) Holding company could not comply with regulation 17 read with Schedule II of SEBI (LODR) Regulations, 2015 due to the non-availability of Independent Women Directors, since the power to appoint Directors vests with the Administrative Ministry i.e. Ministry of Coal, Govt. of India.

3. COAL MARKETING

3.1 Sale of Coal

• The raw coal offtake during 2022-23 stood at its highest ever level of 694.69 Million Tonnes (MT) in comparison to 661.89 MT during 2021-22. The offtake in 2022-23 recorded a growth of 5% over 2021-22 breaking all previous records of offtake and wagon loading performance.

Company-wise target vis-?-vis actual off-take for 2022-23 and 2021-22 are shown in Annexure-5.

• Some constraints hampered dispatch in 2022-23 which can be listed as under:

• Constraints in availability of rakes especially in Mahanadi Coalfields Limited (MCL) and South Eastern Coalfields Limited (SECL).

• Production constraints at Rajmahal mine of Eastern Coalfields Limited (ECL) due to land acquisition issue resulting in less coal dispatch.

• Sporadic law and order issues at some of the coalfields.

• Extended and unseasonal rainfall hampered the transportation and dispatch especially at Western Coalfields Limited (WCL).

• 586.57 MT of coal was despatched to the major consumer, power sector. Sector-wise break-up of despatch of coal & coal products for 2022-23 against the target and last year's actual is given in Annexure-6.

• CCEA (Cabinet Committee on Economic Affairs) approved new mechanism of single window mode agnostic e-auction by clubbing the existing auction windows and introducing unified auction mechanism irrespective of mode of transport. The decision of CCEA was communicated by MOC vide circular no. CPD-23011/18/2021-CPD dated 21.03.2022. Pursuant to the notification only Spot auction was conducted during FY'23.

• Subsequent to notification for Single window auction policy, CIL developed the modalities and a new e-auction scheme namely ‘CIL e-auction Scheme 2022' to implement the Single window mode agnostic e-auction. CIL introduced the new e-auction policy as per CIL e-auction Scheme 2022 from 1^st March'23 onwards across all Coal Companies replacing the Spot auction.

• During 2022-23, a total quantity of 53.38 MT was successfully allocated under e-auction compared to 108 MT during FY'22. The premium over notified prices stood at 252% during FY'23 compared to 88% premium fetched in FY'22. In absolute terms the gain over the notified price was H 22,832 crore in FY'23 compared against Rs. 12,188 crore in FY'22.

3.2 Long term demand creation

• Additional long term demand is created through linkages allotted through the following schemes:

A. Scheme for Harnessing and Allocating Koyala (Coal) transparently in India (SHAKTI), for Power Sector notified by the government on 22.5.2017 and subsequently amended vide MOC letter dated 25.03.2019.

B. Auction of coal linkages to Non-Regulated Sector (NRS) notified by the government on 15.2.2016.

A. SHAKTI:

SHAKTI Policy contains provisions for coal supply for various categories of power plants fulfilling different criteria.

Until 2022-23, Ministry of Coal (MoC) has recommended for signing of FSA with 9 Thermal Power Plants (TPPs) under the provisions of Para A(i) of SHAKTI for an Annual Contracted Quantity of 32.255 MT and FSAs have been signed with 8 TPPs for the ACQ of 31.155 MT. Also, on the recommendation of SLC (LT), FSAs have been signed under the provisions of Para B(i) of SHAKTI with 13 Central/State Gencos for an ACQ of 47.439 MT as on 31.3.2023.

During FY 22-23, Fifth round of SHAKTI B(ii) long term linkage auction was conducted wherein a quantity of 0.049 MT was successfully allocated at average discount of 12 paise/PPA unit(kWh). Till date, in the five rounds of auction, linkages of 36.25 MTPA has been successfully allocated to the power plants. The levellised discounts in tariff offered by the power plants in five rounds of the auctions are in the range of 1p/ kWh to 12 p/kWh.

During this fiscal, CIL conducted three rounds of B(iii) long/medium term linkage auction with a total offer of 22.20 MT and successfully allocated 15.82 MT of coal linkage at an average premium of 1.2% over notified price. In the four rounds of the auction, conducted till date, linkages of 22.31 MTPA has been booked by the power plants.

Further, under para B (viii-a) covering para B (iii) of SHAKTI policy five tranches of short term linkage auctions were conducted during FY'23 wherein a total of 25.28 MT quantity was booked by the power plants with average premium of 152.65% over the notified price

B. Auction of coal linkages to Non-Regulated Sector (NRS):

The coal against the linkages secured in the NRS linkage auctions are supplied under the FSAs to be executed for a period of 5 years, except for Steel(coking) sector where the tenure of FSA is 10 years.

During FY'23 CIL conducted linkage auction for following subsectors under Tranche V & VI:

• During Nov'22, auction for others (coking) subsector of tranche V was conducted wherein a quantity of 1 MT was booked at an average premium of 195%.

• Tranche VI NRS linkage auction commenced during Feb'23 with Sponge Iron subsector wherein a quantity of 10.98 MT was booked at an average premium of 118%.

Moreover, in line with the enabling provision of NRS Linkage auction policy 2016 for indexing of ROM price for supply of coal to NRS sector, CIL introduced Modulation of NRS price with Wholesale Price Index(on year on year basis, w,e,f 01.04.2023) from Tranche VI NRS Linkage auction onwards.

3.3 Long term demand committed through FSAs:

Considering the FSAs executed earlier with the power plants under the provisions of NCDP and the FSAs executed under various provisions of SHAKTI, the operative linkage for a total quantity of about 578 MTPA exists with the Power Sector as on 31.3.2023, which is bound by long term supply commitments through FSAs excluding bridge linkage commitments. The bridge linkage commitments as on 31.03.2023 stood at 30 MTPA, where coal supply is based on best effort basis.

The total FSA commitments for Non-Power consumers including the FSAs of erstwhile regime, bridge linkage and State Nominated Agencies stood at 87 MTPA as on 31.03.2023.

Consumer satisfaction

3.4.1 Quality Management

For enhanced customer satisfaction, special emphasis has been given to Quality Management of coal from mine to dispatch point.

Now, all the consumers of CIL have the option for quality assessment of the supplies through independent third-party sampling agencies. In order to ensure supply of good quality/sized coal, reputed global quality assurance service providers namely SGS India Private Limited has been engaged in addition to the existing third-party agencies (Central Institute of Mining and Fuel Research (CIMFR) & Quality Council of India (QCI)) for undertaking the job of sampling and analysis of coal samples at loading end in CIL subsidiaries. Further on behalf of MoP, PFC empaneled M/S

Mitra SK Pvt Ltd through bidding process for collection, preparation and analysis of coal samples at loading end for power sector.

Out of 58 coal testing laboratories across the subsidiary companies of CIL, 57 laboratories are now NABL accredited and accreditation process is underway in respect of another 01 laboratory.

As a result of conscious and continuous measures taken towards quality maintenance, the gap between the weighted average of declared and analyzed GCV of coal based on results received till 31.03.2023 for FY 2022-23 is 03 Kcal/kg which is well within 1% of one GCV band.

3.4.2 Linkage Rationalization

Linkage rationalization initiatives to reduce the cost of transportation of coal and cost of generation of power were continued during the year 2022-23 also. Under the ambit of the linkage rationalization policy notified by the government on 15.5.2018, sources of linkage for a quantity of 7.80 MTPA for the IPPs was rationalized in 2021-22, yielding annual potential savings in transportation cost by about Rs. 457 crore. In addition to that, CIL as per the request from the State Gencos has rationalized for a quantity of 7.644 MTPA for the State Gencos in 2021-22 with an annual potential savings in transportation cost of about Rs. 624 crore.

3.5 Coal Beneficiation:

CIL is presently operating 13 Coal Washeries with a total operable washing capacity of 24.94 MTY. Out of these, 11 are coking coal washeries and balance 2 are non-coking, with operable capacities of 13.94 MTY and 11 MTY respectively. The total washed coal production from the existing coking coal washeries during 2022-23 was about 2.155 MT, a growth of more than 33.7% from 2021-22.

The construction of Madhuband Washery (5 MTY) is complete and is expected to be under commercial operation by May 2023. To enhance the beneficiation capacity of coking coal, CIL is further setting up 3 new Washeries in BCCL having total throughput capacity of 7 MTY. Out of these, 2 are under construction (4.5 MTY) and LoI has been issued for one (2.50 MTY). Additionally, 5 coking coal washeries are also being set up in CCL with a total capacity of 14.5 MTY. Out of these 5 washeries, LoI have been issued for two numbers.

In addition to the above, CIL is also setting up a non-coking coal washery at Ib Valley, Lakhanpur in MCL, which is under an advanced state of construction and expected to be commissioned by 31^st Jul'23.

3.6 Stock of Coal

The stock of coal at the close of the Financial Year 2022-23 was Rs. 6105.11 crore (previous year Rs. 5413.16 crore), which was equivalent to 0.57 months value of net sales (previous year 0.65 months). The company-wise position of stock held on 31^st March 2023 & on 31^st March 2022 are given in

Annexure 7.

3.7 Trade Receivables

Trade Receivables i.e. net dues outstanding as on 31^st March 2023, after providing Rs. 2722.13 crore (previous year Rs.2424.53 crore) for bad and doubtful debts, was Rs.13060.48 crore (previous year Rs. 11367.68 crore) which is equivalent to 0.84 months Gross Sales of CIL as a whole (previous year 0.89 months). Subsidiary-wise break-up of Trade Receivables outstanding as on 31^st March 2023 as against 31^st March 2022 are shown in Annexure 8.

3.8. Payment of Royalty, Cess, Sales Tax, GST, Clean Energy Cess, & Others

During the Financial Year 2022-23, CIL and its Subsidiaries paid Rs. 56524.11 crore towards Royalty, Cess, Sales Tax and other levies as detailed as per details given in Annexure 9

4. COAL PRODUCTION & FUTURE OUTLOOK

Raw coal production and production from underground and opencast mines.

Production of raw coal was 703.20 Mill Te during 2022-23 against 622.63 Mill Te during 2021-22. Production from Opencast mines during 2022-23 was 96.38% of total raw coal production.

Subsidiary wise production, production from underground and opencast mines and coking and non-coking production are given in Annexure 10.

Washed Coal (Coking) Production-Subsidiary-wise production of Washed Coal (Coking) is given in Annexure 10A.

Overburden Removal-Company-wise overburden removal is disclosed in Annexure 10B.

FUTURE OUTLOOK

Based on the demand projection in ‘Vision 2024' for coal sector in the country and subsequent demand projection on CIL, a roadmap has been prepared to project production plan in medium term wherein CIL has envisaged 1 Billion Tonne (BT) coal production by the year 2025-26 and beyond to meet the coal demand of the country. CIL has already identified all resources required, including major projects that will contribute to its 1 BT production plan and its related issues/enablers like requirement of EC/FC, land, evacuation constraints etc. CIL is committed to achieve 1 BT production plan with the active support of MoC and all other stake holders. CIL shall adhere to 1 BT coal production plan but the demand scenario shall decide the production/ supply in future. The proposed capital expenditure for the year 2023-24 has been set at H 16600 crore. Further, as per the investment plan, CIL has planned to invest substantial amount in diversification projects viz. Solar Power, Thermal

Power Plant, Revival of Fertilizer Plants, CBM, etc. during 2023-24.

5. POPULATION OF EQUIPMENT

The Population of Major Opencast Equipment (Heavy Earth Moving Machinery) as on 01.04.2023 and as on 01.04.2022 along with their Performance in terms of Availability and Utilization expressed as percentage of CIL Norms is disclosed in Annexure 11.

About 460 nos. of old and outlived major HEMM have been surveyed-off and 35 Shovels, 109 Dumpers, 32 Dozers, 31 Drills and 3 Surface Miners were commissioned during 2022-23.

In the Financial year 2023-24, CIL is planning to procure High Capacity Equipment of more than Rs. 2200 crore for enhanced coal production target in the coming years.

6. CAPACITY UTILIZATION

During 2022-23, total volume of coal and overburden handled by CIL was about 2079 M. Cum. The overall system capacity utilization of CIL thus worked out to be about 85.80 %. This is a new high for CIL and surpassing the coveted 85% capacity utilization was a laudable achievement. While the UG capacity utilization was 90.06%, the OC capacity utilization was 85.77%.

7 STATUS OF PROJECT IMPLEMENTATION

7.1 Project Implementation:

a) Projects Completed During the year 2022-23:

03 coal projects with a sanctioned capacity of 4.02 MTY and sanctioned capital of H 563.29 crore were completed with a total completion capital of H 584.39 crore during the year 2022-23. Details given in

Annexure 13.

b) Project started Production during the Year 2022-23:

06 projects have started coal production during the year 2022-23. Details given in Annexure-13.

c) Status of Ongoing Projects (Costing Rs. 20 crore & above):

117 coal projects with a sanctioned capacity of 928.7 Mty and sanctioned capital of Rs. 139436.6 crore are in different stages of implementation, out of which 78 Projects are on schedule and 39 Projects are delayed. The major reasons for delay in implementation of these projects are delay in FC, possession of land and issues related to R&R.

7.2 Projects Sanctioned (Costing Rs. 20 crore & above):

a) PR/UCE/RPR/RCE sanctioned by CIL Board & Subsidiary Board during 2022-23:

24 Mining Projects with sanctioned capacity of 140.30 MTY and sanctioned capital of Rs.22130.22 crore were approved by CIL and Subsidiary Company Boards during 2022-23. Details are given in Annexure 13.

b) Non-Mining Projects sanctioned by CIL & Subsidiary Board during 2022-23:

4 Non-Mining projects with a sanctioned capital of Rs.1043.28 crore were approved during 2022-23. Details are given in Annexure 13.

7.3 Key Strategies:

Strategies for Coal Evacuation:

Company had adopted following strategies for development of coal evacuation infrastructures:

First Mile Connectivity (FMC) Projects:

Under CIL's flagship ‘First Mile Connectivity Projects',

61 Projects have been identified for implementation in three phases which will upgrade the mechanized coal transportation and loading system.

In the first phase, out of the planned 35 FMC Projects of 414.5 MTPA capacity awarded at a capital investment of Rs. 10,750 crore 7 FMC Projects of 92 MTPA capacity have been commissioned till date. PG Test for Jayant FMC (15 MTPA) commenced and is targeted to be completed by Jun'23. The balance remaining projects are anticipated to be completed by FY 24-25.

In the second phase, out of the 9 FMC Projects of 57 MTPA with an estimated investment of about Rs. 2,500 crore, construction work has started in 3 FMC Projects of 14 MTPA capacity and LOA/WO has been issued for 2 projects of 7.5 MTPA capacity. Tenders are under different stages of formulation and approval for the remaining 4 projects. These projects are targeted to be completed by FY 24-25.

In the third phase, 17 projects with total capacity of 292 MTPA has been planned at an estimated investment of about Rs. 11,500 Cr for which tenders would be floated by FY

25-26 and are targeted to be completed by FY 28-29.

These FMC Projects shall enable increased mechanized evacuation from 151 MTPA to 914.5 MTPA by FY 28-29. Company expects improvement in coal quality, savings in underloading charges and a positive impact on the environment.

Status of Rail Projects:

CIL had identified 07 Railway Projects for evacuation of coal, out of which 03 were funded by CIL on deposit basis and 04 were funded through JVs/SPVs by CIL. The status of these projects were as under:

Funded by CIL on Deposit Basis:

1) Tori-Shivpur New BG double line (44.37 KM) was funded by CIL and commissioned in December, 2019. Construction for the third line is underway and targeted to be completed by Dec'2023. This shall enhance its capacity to evacuate about 100 MTPA of coal from the North Karanpura coalfield of CCL.

2) Jharsuguda –Barpali- Sardega New BG single line (52.41 KM) was funded by CIL and commissioned on April, 2018. Construction of doubling of this rail line along with loading bulbs at Barpali and flyover complex at Jharsuguda is underway and targeted to be completed by Dec'23. This shall enhance its evacuation capacity to evacuate about 65 MTPA.

3) The Rail Connectivity of Lingaraj SILO with Deulbeda siding at Talcher Coalfields of MCL (4.8 KM) to evacuate about 5 MTPA was commissioned in May, 2021.

Funded through JVs/ SPVs by CIL:

1) Mahanadi Coal Rail Ltd (MCRL) -Angul- Balram rail link (14.22 Km) in Talcher coalfield, Odisha was executed by Rail JV, (MCRL Mahanadi Coal Rail Ltd) and commissioned on 14.11.2022. It shall facilitate evacuation of about 15 MTPA coal.

2) Jharkhand Coal Rail Ltd (JCRL) - The Shivpur - Kathautia rail connectivity (49.09 KM) is being executed by Rail JV, JCRL (Jharkhand Coal Railway Limited). About 25 MTPA coal from the mines of CCL is planned to be evacuated through this line. Financial Closure was achieved on 05.05.2022. Construction works have commenced and the work progress is about 18%. The line is anticipated to be commissioned by March 2025.

3) Chhattisgarh East Rail Ltd (CERL) - East Rail Corridor in the state of Chhattisgarh – CERL Phase – I of 132 Km is being executed by Rail JV, CERL. Main corridor between Kharsia to Dharamjaigarh (0-74 KM) was commissioned on 21^st June'2021. Commercial notification of Chaal feeder line was issued on 31.07.2022. Engine trial run on Baroud Feeder line completed on 31.12.2022. Balance work of feeder lines are in progress. It shall evacuate around 65 MTPA of coal and anticipated to be commissioned by Dec'2023. In CERL Phase – II of 62.5 Km, between Dharamjaigarh and Urga, Land acquisition is under process. The Phase- II works are anticipated to be commissioned by March'2026.

4) Chhattisgarh East West Rail Ltd (CEWRL) – East West Rail Corridor in the state of Chhattisgarh is under execution between Gevra Road and Pendra Road of about 135 Km and shall facilitate to evacuate about

65 MTPA of coal from the mega projects of Korba coalfield. Construction works under execution and work progress is about 35%. This rail line is anticipated to be commissioned by December, 2024.

7.4 Achievement in Acquisition and Possession of land:

In all the subsidiaries of Coal India, the major portion of land is possessed which were acquired under Coal Bearing Areas (Acquisition & Development) Act, 1957. During 2022-23, notification U/S-9 (1) has been issued for 2582.14 Ha and notification U/S-11 (1) has been issued for 1495.03 Ha of land.

During 2022-23, 2049.26 Ha of land had been taken physical possession in different Subsidiaries of Coal India

7.5 System Improvement in Project Monitoring:

CIL is currently executing a variety of projects, ranging across mining, washery, evacuation projects etc. In order to ensure smooth implementation of such projects, CIL is continuously monitoring the ongoing progress through a number of sophisticated project management mechanisms and tools.

In order to capture the latest status of progress across all work streams, CIL has adopted Project System (PS) module of Enterprise Resource Planning (ERP). In PS module, all the information related to Statutory Clearances (EC and FC), Land, R&R, Infrastructure, etc are maintained and updated on a periodic basis. CIL has also developed standardised and detailed project schedules (for all projects costing more than H 20 crore) in PS module. This schedule monitoring process helps to identify the bottlenecks, analyse the interdependencies and determining the critical action items which will expedite the project implementation.

The actionable insights from this detailed project information are mapped on ERP Dashboards on real-time basis to enable expeditious decision making by the senior management.

7.6 One Billion Coal Production Programme:

Currently, coal is the primary source of energy in the domestic market and CIL supplies more than 80% of the total domestic coal production. Therefore, CIL has a responsibility to meet the energy demands of the country and it plays a key role in determining the energy dynamics of domestic consumption.

Keeping in mind the future domestic demand, CIL has envisaged a strategic production roadmap to achieve 1 billion tons of coal production in FY 2025-26. The 1 BT plan was based on optimal production from all the subsidiaries of CIL and it charted out all the enabling activities to achieve this ambitious target. The enabling activities include obtaining statutory clearances, acquisition and possession of land, ensuring R&R, procuring equipment and developing evacuation infrastructure (like rail lines and coal handling plants).

8. CONSERVATION OF ENERGY

Conservation of energy always remains a priority area and CIL/Subsidiaries have extensively exercised various measures towards reduction in specific energy consumption.

8.1 Energy Consumption scenario

Coal Production has increased by 12.9 % in 2022-23 compared to 2021-22 and there is increase in OB removal by 297 MM3. Electricity consumption in CIL as a whole in 2022-23 was 4598.78 million units compared to 4571.40 million units in 2021-22, showing an increase of 0.60%. Total amount paid towards energy Bill in 2022-23 was H 3764.16 crore against H 3557.12 crore in 2021-22, an increase of 5.82%.

• In terms of total coal production, specific energy Consumption for CIL as a whole, during 2022-23 was 6.54 KWh/T as against 7.34 KWH/T during 2021-22 with an overall decrease of 10.90%.

• In terms of composite production (in M3), Specific Energy Consumption during 2022-23, for CIL as a whole, was 2.19 KWh/m3 vis-?-vis 2.57 KWh/m3 during 2021-22 with an overall decrease of 14.79%.

8.2 Electrical Energy Audits conducted in 2022-23

10 electrical energy audits were conducted by CMPDIL for different subsidiaries of CIL in 2022-23 (CCL-6 nos., NCL-2 nos., BCCL-1 no., & ECL-1 no.). Energy Audit has been done for 06 mines in CCL during 2022-23 namely Religarha OCP, Parej East OCP, Dhori Khas UG, Rajrappa OCP,and Govindpur Ph-II OCP & North Urimari OCP. In NCL energy audit was undertaken in Dudhichua OCP & Bina OCP. In BCCL it was taken up in AB OCP. In ECL the audit was done in Rajmohal OCP. Estimated saving from energy conservation measures in the above mines shall be around 135.31 lakh KWh per year with an estimated reduction of H 971.35 lakhs per year in power bill.

8.3 Energy Conservation measures

Some of the salient measures taken by CIL/Subsidiaries for energy conservation are as under:

A. Energy Efficiency Measures in 2022-23:-

a) Use of LED lights - High wattage luminaries / conventional light fittings have been replaced with low power consuming LEDs of appropriate wattage in majority of the places for quarry lighting, UG mine lighting, street lighting, office and other work places, townships etc., thereby resulting in huge saving in electricity consumption. 1,57,216 LED lights (ECL-2794, MCL-23633, WCL-24150, NCL-33582, BCCL-17196, SECL-34119, CCL-15851& CIL HQ- 5891 nos.) of different wattage rating have been installed during 2022-23.

b) Energy Efficient ACs –1679 energy efficient ACs have been replaced / installed in different subsidiaries of CIL.

c) Super Fans – 18626 high energy efficient super fans have been installed in different subsidiaries of CIL.

d) E-Vehicles – 71 e-vehicles have been deployed in different subsidiaries of CIL.

e) Energy Efficient Water Heaters – 625 energy efficient water heaters have been installed at different places in CIL subsidiaries

f) Energy Efficient Motors – 169 existing old motors have been replaced with energy efficient motors in different subsidiaries of CIL.

g) Auto Timers in Street Lights – 1016 auto timers have been installed at different places in CIL subsidiaries.

B. Improvement in Power Factor - Almost all the areas of the subsidiary companies have maintained Power Factors from 0.90 to 0.99 during 2022-23 by installing capacitor banks of appropriate KVAR rating. During 2022-23, 54690 KVAR of capacitor banks have been procured and installed at subsidiaries.

C. Installation of Ground & Roof Mounted Solar Power Plant in different command areas of CIL:

• Additional roof top solar capacity added during 2022-23 – 3.393 MWp

• Work has been awarded for installation of 300 MW capacities of ground mounted solar plants. Installation work is in progress and expected to be commissioned by FY 2023-24.

8.4 Solar Energy generation:

CIL & Subsidiary Companies are pursuing use of renewable energy sources. Subsidiary wise Solar energy generation in 2022-23 are as under: H in crore

Sl. No.	Subsidiary	Solar Power Capacity (kWp)	Total Power Generation (KWH) [during the period 01.04.2022 to 31.03.2023]
1	CCL	1245.0	819108
2	ECL	1046.0	712075
3	MCL	3149.7	2065849
4	SECL	580.0	121646
5	WCL	1997.0	1174908
6	BCCL	1550.0	785025
7	NCL	470.0	288999
8	CMPDIL	1020.0	787650
9	CIL HQ	160.0	81057
Total		11217.7	6836317

The total solar energy generated during 2022-23 was 68.36 Lakh units.

8.5 Anticipated benefit of Carbon Neutrality due to solar projects & Energy Efficiency Measures:-

• During 2022-23 due to implementation of energy efficiency measures, around 52.10 million units of electrical energy has been saved which shall result into reduction of 42,725 Tonnes of CO2 per annum (approx.).

• Similarly, during 2022-23 due to energy audit conducted in 10 mines of CIL, 13.531 million units of electrical energy was proposed to save which shall result into reduction of CO2 of 11095 Tonnes/Year (approx.).

• The total solar energy generated during 2022-23 was 68.36 Lakh units. Thus, the solar energy generation has resulted into reduction of CO2 emission by 5606 Tonnes per annum (approx.).

9. CAPITAL EXPENDITURE

Overall Capital Expenditure during Financial Year 2022-23 was H 18619.27 crore as against H15400.96 crore in previous year. Capital Expenditure incurred during 2022-23 was 112.84% of BE (104.88% in 2021-22). Subsidiary-wise details are given in Annexure 12.

10.DIVERSIFICATION

A. Diversification into Chemicals & Fertilizers Sector:

1. Setting up of Natural Gas based Fertilizer plant of HURL at Gorakhpur, Sindri and Barauni

Hindustan Urvarak & Rasayan Limited (HURL), is one of our Joint Venture companies with promoter shareholding of CIL – 29.67%, NTPC – 29.67%, IOCL – 29.67% & FCIL/HFCL (combined) – 10.99%. HURL has made monumental strides to set up three natural-gas based 1.27 MTPA urea plants, one each at Gorakhpur (U.P.), Sindri (Jharkhand) and Barauni (Bihar). These coveted projects of national importance have been implemented through Lump-Sum Turn Key (LSTK) mode at an estimated aggregate cost of around H 27,895 crore. Commercial Operation Date (COD) for Gorakhpur Unit was declared on 03.05.2022. As on 31.03.2023, cumulative production and dispatch for all three units stood at 12.19 Lakh MT & 12.06 Lakh MT respectively.

2. Setting up of Coal based Fertilizer Plant of TFL at Talcher:

Talcher Fertilizers Limited (TFL) is another Joint Venture company with promoter shareholding of CIL – 31.85%, RCF – 31.85%, GAIL – 31.85% and FCIL – 4.45%. The JV was constituted to set up a Surface Coal Gasification (SCG) based integrated 1.27 MTPA urea complex at Talcher using coal from nearby Talcher coalfields. This is a landmark project which will lay the foundation of coal gasification sector in the country. In this project, high ash coal blended with pet-coke upto 25% shall be gasified to produce syngas which shall be converted into neem coated urea. The project is being implemented on partial Lump Sum Turn Key (LSTK) basis at an estimated cost of H 17,080.69 crore, which will be financed through a debt-equity structure of 60.12:39.88. TFL has successfully achieved the Financial Closure by obtaining Final Sanctions of the target debt amount with SBI as Lead Banker. Sponsor Support Undertaking has been signed on 05.05.2022 and 1^st instalment of debt drawl has commenced from 23.12.2022. Further, to fast-track the project the TFL Office has been shifted from Noida to Bhubaneswar in September,2022. As on 31.03.2023, the overall progress of the project stands approximately 42.69%. The plant is expected to come into operation in FY 2024-25.

3. Surface Coal Gasification(SCG) Projects of Subsidiaries:

ECL, SECL & MCL Project: As a way forward, CIL now intends to implement three projects through JV. M/s BHEL, GAIL & IOCL have been identified as JV partners for SCG projects at MCL, ECL and SECL respectively. Three MoUs with these CPSE have been signed on 12.10.2022. It is pertinent to mention that the MoU with BHEL is for promoting indigenously developed Pressurized Fluidized Bed Gasifier (PFBG) technology. M/s. PDIL has submitted final PFRs for Coal-to-SNG Project in ECL, Coal-to-DME Project in SECL and Coal-to-Ammonium Nitrate Project in MCL in March 2023. Concurrently, to fast-track the project the JVA is under advanced stage of negotiations.

WCL Project: Initiatives have also been taken to set up of Surface Coal Gasification based Ammonium Nitrate

Plant at the pit head of Juna Kunada Opencast Mine of Majri Area through BOO mode of implementation. Currently, the project is in the tendering stage. The tender has been invited on 06.03.2023 and scheduled bid submission end date is 12.09.2023.

B. Diversification into New Business Verticals:

1. Amendment to Memorandum of Association (MoA)

The 48^th AGM of CIL held on 30.08.2022 has approved the amendment to MoA by incorporating the following businesses in the Main Object Clause:

• Aluminium Business Value Chain

• Renewable Energy Business Value Chain

• Critical Mineral Business Value Chain

• Advance Chemistry Cells and Energy Storage Devices Manufacturing Value Chain

• Hydrogen Business Value Chain

2. Aluminum Business Value Chain:

Through M/s Deloitte a pre-feasibility report was prepared for the Integrated Greenfield Aluminium Project to be undertaken by CIL through MCL. Under the single window clearance system, we have already received ‘in-principle' approval from High Level Clearance Authority (HCLA) of Govt. of Odisha for our proposal on setting up of 1 MTPA refinery, 0.5 MTPA Aluminum Smelter and 1400 MW CPP. The 450^th CIL Board Meeting held on 19.04.2023 has accorded approval for considering the reassessed capacity configuration i,e, 6 MTPA Bauxite Mine, 2 MTPA refinery, 0.5 MTPA Aluminum Smelter and 1400 MW CPP. Third party feasibility studies for the project has been completed. M/s EIL has submitted final land and water assessment study report for the proposed Aluminium Project in Dec '22. The Integrated Greenfield Aluminium Project is proposed to be implemented through SPV.

3. Thermal Power Generation:

a) SECL-MPPGCL- This is another strategic vertical where CIL is planning for diversification. Through our subsidiary South Eastern Coalfields Limited (SECL), we envisage to partner with MPPGCL to form a separate JV for setting up the proposed 1?660 MW expansion project at the existing premises of Amarkantak Thermal Power Station (ATPS), Village Chachai, Madhya Pradesh. Coal to the said plant will be supplied from SECL by means of a fresh linkage (to be applied by JVC). ‘In-principle' approval from MoC, DIPAM & NITI Aayog have been obtained. MoU has been executed on 17.06.2022 between SECL and MPPGCL. JVA is under finalisation.

b) MBPL (an SPV of MCL): The proposed 2?800 MW Thermal Power Station in Odisha is one such potential opportunity that has synergy and syncs well with CIL's thermal power generation diversification goal. ‘Mahanadi Basin Power Ltd' (MBPL) will implement the proposed project which is envisaged to be a Supercritical Thermal Power Project. This project would leverage the availability of coal at pit-head from MCL's mines in Odisha to set-up a successful venture which would cater to the growing demand of power of the country in the coming future. To ensure offtake of power, CIL has signed a Memorandum of Understanding with Assam Power Development Company Limited (APDCL) on 24.03.2023 to facilitate a basic framework for mutual discussion, deliberation on all aspects for supply of 1200 MW power from the Power Projects operated by MBPL to APDCL on a non-exclusive basis.

11. MASTER PLAN FOR DEALING WITH FIRE, SUBSIDENCE AND REHABILITATION

The Master Plan for dealing with fire, subsidence and rehabilitation in the leasehold of Bharat Coking Coal Limited (BCCL) and Eastern Coalfields Limited (ECL) was approved on 12^th August 2009 by Govt. of India with an estimated investment of Rs. 7,112.11 crore for Jharia Coalfields and Rs. 2,661.73 crore for Raniganj Coalfields. Implementation period of Master Plan have been delineated as 10 years for ECL & 12 years for BCCL. Jharia Rehabilitation and Development Authority (JRDA) and Asansol Durgapur Development Authority (ADDA) are the implementing agency for rehabilitation of non-BCCL & non-ECL people under Master Plan.

A. Summarized Status of Implementations of Raniganj Master Plan (in the leasehold of ECL):

There are 03 unstable locations under ECL which were already vacated & families were shifted. As per the demographic survey report provided by ADDA, around 29,000 non-ECL families are required to be rehabilitated from unstable locations. Construction of 12,976 houses out of approved 29,000 houses have been taken up by ADDA for shifting of non-ECL families. At present construction of 7184 houses have been completed and 5,792 no. of houses are in different stages of construction.

B. Summarized Status of Implementations of Jharia Master Plan (In the leasehold of BCCL):

34 sites have been identified as fire-affected zone, as per survey report by National Remote Sensing Centre (NRSC) in 2018. Later, as per NRSC interim study report (October 2020), 27 sites have been identified as fire-affected zone.

At present, 15 fire sites are economically viable as assessed by CMPDIL, wherein work have been awarded and implementation started. The balance 12 fire sites are found to be economically unviable as assessed by CMPDIL. In recent study by NRSC (August 2021), 10 fire sites have shown decreasing trend/marginal indication of fire. To deal with those, surface blanketing is being done by BCCL. For the remaining 2 fire sites, one mineable site proposal is under formulation and other mineable site requires Viability Gap Funding (VGF) from JMP.

BCCL has taken up construction of 15,852 houses for the shifting of BCCL families. Till date 7,714 houses have already been constructed and 4,215 families have been shifted. Due to superannuation of BCCL employees, shifting of only 7,852 BCCL families are required at present. As per decision of BCCL Board, 8,000 houses are to be handed over to JRDA for non BCCL families and same has been conveyed to JRDA.

Construction of 18,352 houses for non-BCCL families have been taken up by JRDA out of 54,159 houses as per approved Master Plan. Till date, construction of 6,352 houses have completed and 2,684 families shifted. Balance 12,000 houses are under different stages of construction.

C. Revision of Approved Jharia & Raniganj Master Plan

The time frame for implementation of the Raniganj Master Plan and Jharia Master Plan has expired on Dt. 11.08.2019 & Dt. 11.08.2021 respectively. As per the directive of the 19^th HPCC meeting Dt. 19.05.2019, a draft comprehensive proposal incorporating alternative rehabilitation package, time, and cost overrun have been prepared by ECL in consultation with CMPDI, RI-1 & ADDA, and BCCL in consultation with CMPDI RI-II & JRDA.

As per the directive of the 21^st HPCC meeting, revision of the both the proposals are under finalization at Govt. Of Jharkhand (Mines & Geology) and ADDA / Govt. of W.B respectively.

Jharia Master Plan

MoC, vide its letter dated 18.08.2021, conveyed that CIL can spend from the balance money on their committed/ ongoing works towards Jharia Master Plan till the approval of revised Jharia Master Plan .

Further, on dated 25.08.2021, under the guidance of PMO, a committee under chairmanship of Secretary (Coal) has been constituted to review the Jharia Master Plan. The Committee has submitted its report. The said report was discussed in the meeting held on 07.02.2023 chaired by the Cabinet Secretary where it has been directed to take necessary steps for approval of Final report on way forward of Jharia Master Plan .

Raniganj Master Plan:

MoC vide its letter dated 18.01.2023, & dated 22.02.2023 has conveyed that CIL can spend from the balance money on their committed/ ongoing works towards Raniganj Master Plan till the approval of revised Master Plan . Accordingly, CIL has released H 300 crore to ECL in March, 2023 for rehabilitation of non-ECL families under implementation of Raniganj Master Plan.

12.ENVIRONMENTAL MANAGEMENT

12.1 Management System Standards:

CIL HQ obtained re-certification of ISO 9001:2015, ISO 14001:2015 and ISO 50001:2018 for Quality Management, Environment Management and Energy Management System respectively from Bureau of Indian Standards (BIS) in 2022 with validity upto Oct,2025. As on 31^st March 2023, ECL, NCL, MCL, CCL (27 units) and WCL (83 units) are certified for Integrated Management System (ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2017). CMPDI HQ and its seven RIs are certified for ISO 9001:2015. Moreover, CMPDIL HQ, Ranchi has been certified with ISO 37001:2016 (Anti-Bribery Management System).

12.2 Pollution Control Measures and their Efficacy:

CIL is committed to protect environment by practicing and following sustainable mining practices right from mine planning stage. Various pollution control measures and initiatives are being taken up concurrently with mining operations, for maintaining acceptable / permissible limits of major physical and chemical attributes of environment namely air, water, hydrogeology, ground vibrations, noise, land, etc.

A. Air Pollution and its Control Measures:

To control and reduce dust generation during drilling, blasting, loading and coal transportation, CIL has taken up various initiatives enumerated in the MoEF&CC approved Environmental Management Plan (EMP) of projects. The EMP is prepared factoring the impact on existing environment and forest due to coal mining undertaken after conducting an Environment Impact Assessment (EIA) study of each project. Mist spraying systems, mobile water sprinklers and automatic sprinklers have been provided to mitigate air pollution & its control measures.

Some of the important initiatives taken by CIL are as follows:

a) Implementation of First Mile Connectivity to reduce transport of coal by road.

b) Transportation of coal by conveyors, covered trucks & loading in railway rakes through Silo.

c) Blacktopping & repairing of coal transportation roads and strengthening of haul roads.

d) Development of wind break and vertical greenery system.

e) Deployment of additional Surface Miners and Continuous Miners in opencast & U/G mine respectively for blasting free coal extra action.

B) Mine Water Management:

Mine Discharge Treatment Plants (MDTP) are installed in mines for treatment of discharged mine water on the surface for second phase treatment. Treated mine water is then used partly for dust suppression, firefighting, plantation, washing etc. As per the need of the local community, treated mine water is supplied to the nearby villages for drinking & irrigation purposes. In order to assess the impact of mining activities on ground water, monitoring of ground water levels is being carried out in and around of the mine lease hold area. For ground water recharge within mine premises and nearby villages, initiatives like rainwater harvesting, digging of ponds / development of lagoons, de-silting of existing ponds / tanks etc. have been taken. Regular monitoring of mine, workshop and domestic effluent is carried out as per rule and desired actions are being taken. Reports of the same are regularly submitted to SPCBs and MoEF&CC. In 2022-23, 92.45 % discharged mined water utilized for internal & community use and remaining 7.55 % is retained for future use and ground water recharging.

C) Noise Pollution Control Measure:

For control of noise pollution, various measures like proper maintenance of equipment, green belt development around the mine and residential area, blasting in day time and use of ear muff / ear plugs at noisy areas are adopted.

D) Land Reclamation:

• Reclamation of the mined out areas and external OB dumps are major environmental mitigatory activities taken up by CIL. Reclamation of mined out areas are being done as per the Environmental Management Plan (EMP) and Mine Closure Plan (MCP) which are approved by MoEF&CC. Top soil is preserved, stored and used in plantation areas in the opencast mines. Concurrent reclamation and rehabilitation of mined out areas are taken up for gainful land use. After technical reclamation is completed, plantation is carried out which is termed as biological reclamation.

• Eco-restoration: For effective Bio-reclamation of disturbed land, scientific studies are carried out to select suitable species of plants for afforestation on three tier plantation concept. Forest Research Institute (FRI) has been engaged by CIL for sharing their expertise in the field of eco-restoration in the reclaimed areas. Many Eco- restoration sites have been developed in subsidiary companies of CIL with technical collaboration of FRI.

• Eco-park in Reclaimed land: Eco Parks have been developed in many of the mined out areas and command areas of CIL like Madhuvan Vatika ECL, Govardhan Eco-Park BCCL, Bishrampur Tourism Site SECL, Nigahi Eco Park NCL, Bal Gangadhar Tilak Eco-Park WCL, Kayakalp Vatika CCL, Chandra Sekhar Azad Eco- park, MCL, etc. CIL has established 30 Eco-parks & Mine Tourism & eco-restoration sites on date.

• Monitoring of Reclamation: The land reclamation and restoration operations in opencast mines of CIL are being monitored using high resolution Satellite Data. Land Reclamation Monitoring of total 110 projects under different subsidiaries of CIL has been completed in 2022-23. 76 major Opencast Projects (OCPs) producing more than 5 MCM (Coal + OB) per annum alongwith 34 OCPs/ Clusters producing less than 5 MCM (Coal + OB) per annum were monitored in 2022-23. The study during 2022-23 shows that 76 major OCPs have reclaimed area of 199.46 Km2 (63.14%) and active mining area is 116.44 Km2 (36.86%) of the total excavated area. Whereas, for projects under less than 5 mcm category, reclaimed area is 34.82 Km2 (63.58%) and active mining area is 19.95 Km2 (36.42%) of the total excavated area.

In addition, CIL is also conducting Vegetation Cover Mapping of 19 major coalfields using satellite data every 3 years in phase wise manner. During the 2022-23, Vegetation cover mapping of six coalfields viz Wardha and Kamptee Coalfields (WCL), Talcher Coalfield (MCL), Bishrampur Coalfield (SECL), Jharia Coalfield (BCCL) & Makum Coalfield (NEC) have been completed

• Mine Closure Plan (MCP): MCP is an integral part of the Project Report prepared by CMPDIL for Coal mines of CIL. This progressive mine closure plan also forms a part of the EIA / EMP prepared and got approved by MOEF&CC as a part of Environmental Clearance. In FY2022-23, H 91.28 crore has been reimbursed from the Escrow fund to the concerned Project Proponents for mine closure activities.

E) Strive for continual improvement in environmental performance.

The job of Developing approach and methodology for index rating of environmental conditions and performance evaluation as per the EC conditions in

35 CIL (> 5Mm3 Coal + OB) Mines, was completed by ICFRE and also was approved by CIL board in December 2020. ICFRE has already completed field visit of 32 mines and submitted draft reports for 30 mines till March 2023.

13. ERP, IT INTIATIVES, ELECTRONIC AND COMMUNICATION IN CIL

A. ERP

Achievement of SAP ERP implementation in CIL & Subsidiaries for the Year 22-23

With the introduction of an enterprise-wide ERP solution at CIL, some of the foremost achievements are Standardization of business processes, adoption of best industry practices and integration of business processes to achieve optimization of resources. The management is able to take informed decisions based on reliable & accurate information. Humongous legacy data is now unified, cleansed and is maintained in a common repository accessible on real time basis across the organisation. Data is captured at source, flows seamlessly across different levels and is accessible based on Roles & Authorisation.

ERP facilitates Project Management by real time monitoring throughout its lifecycle. ERP has enabled effective management of assets, provides visibility of Spares till the last storage location enabling efficient stores management. ERP facilitates better utilization of skilled Human Resource through optimal deployment of manpower. All Core Processes have been stabilized and AMC for Phase I and Phase II are in the last quarter of First Year AMC. Multi module Dashboard made operational for further visualization of Data and enhancement is being done on the suggestion of stakeholders

Some of the Module-wise Key achievement are enumerated below:

Sales & Distribution Module

1. Contract creation, Sales Order generation, Proforma Invoice creation, advance collection, Sales Order approval and release, and communication to customers through automated mail

2. Delivery Note creation, IRN generation and Invoice generation and automated mail to customers

3. Entry of Third-Party sampling result

4. Issuance of debit / credit note for quality cases

5. Collection of Coal value & Refund of Balance Amount through bank interface a. Payment : SBI, Axis, ICICI b. Collection : ICICI, Axis

6. Integration with M junction & MSTC for seamless flow of auction data

7. Seamless flow of weighbridge data in ERP

8. Integration with FOIS for Rail Dispatch of Coal

9. Auto-clearing of entire Coal Sales Process (advances, billing, Credit-debit and refund)

10. Import of Coal Sale Process through ERP

11. Mode agnostic interface is being developed.

Production Planning Module

1. Monthly Production Process Order Creation & Release of it in Time (at the Beginning of The Month)

2. Capturing Shift Production Data and OB removal in Time at shift end.

3. Generating all Yellow Book Format/Reports of 1&2 series (Shift & Day Series)

4. Technical Closing of the Process Order by 6^th in the following month

5. Explosive & diesel consumption monitoring

6. Coal & OB measurement and reconciliation

7. Mapping of fabrication/ refurbishment work done at CWS & RWS

Human Capital Management Module

1. Payroll Processing of all on-roll employees

2. Terminal Benefit Processing of retiring employee through ERP.

3. Time Management (Leave/Attendance)

4. NEWGEN (CPRMSE/NE, Conference Room, Guest House, NPS, Legal Opinion, Legal Case, Committee & Meeting, Employee Suggestion)

5. Interface for Bank to Bank fund transfer a. Payment : SBI, Axis, ICICI b. Collection : ICICI, Axis

6. Pay Fixation process

Finance & Controlling Module

1. Preparation of Financial Statement

2. Payment to Vendor/Customer/Employee

3. Bank Reconciliation Statement

4. Maintenance of Asset Register

5. Preparation of Cost Sheet.

6. Budget Module Implemented across all Subsidiaries

7. Bill tracking of vendor

Project System Module

1. Planning, controlling, and monitoring of all Mining and Non-mining Project activities

2. Budget control for all Mining and Non-Mining Projects

3. Tight integration with MM & FICO module for Procurement related activities

4. Financial & Physical progress review in SAP as well as in Dashboard.

5. Maintenance and reporting of real time project related parameters (Expense, Capacity, DPR plan values, actual values etc.)

6. Maintenance and reporting of other associated details like Land, Pre Project, Issue status etc.

Plant maintenance Module

1. Performance of Equipment: performance monitoring departmental Equipment (HEMM/UGMM)

2. Performance of CWS (no of major subassembly repair)

3. Ageing of Equipment

4. Preventive Maintenance Scheduling

5. Configuration of breakdown processes

Material Management Module

1. Creation of Purchase Requisition (Indent of Goods, Assets and Services), its consolidation and approval.

2. Creation of Contract

3. Creation of Purchase Order.

4. Goods receipt. Thus, monitoring of requirements raised, approved, quantity ordered and quantity received with the commitment of fund and consumption details.

5. Quality Inspection.

6. Goods issue against reservation.

7. Stock transfer.

8. Creation of Service Entry Sheets

9. Inventory Management with facility for Fast moving, non-moving etc. and material type wise as Spares, Consumable, POL etc.

Hospital Management System

1. HMS Go-live in all subsidiaries

B. IT INITIATIVES

CIL and its subsidiaries have undertaken the following key IT initiatives as on date:

1. CIL has deployed digitalization use cases of seven big Open Cast mines of SECL & NCL. This will result performance and productivity enhancement.

2. CIL has created a new data center in public cloud platform. This platform will provide necessary services for data Analytics and will facilitate informed decision making.

3. CIL has initiated a proposal for establishing ISMS(Information Security & Management System) through appointing a security consultant. The consultant will submit a roadmap for achieving compliance of GOI's security related guidelines and ISO 27001.

4. CIL has decided to implement E-office version 7 in entire CIL and necessary infrastructure will be provided to NIC soon.

5. A study has been conducted to implement M365 in CIL HQ for 600 users which may provide utility tools along with facility of sharepoint, establishing Active Directory, teams and other useful applications. It will also provide end point security.

6. CIL has launched web/mobile Apps like:-

• Bill Reconciliation portal where coal consumers are able to reconcile their respective bills with CIL. This has generated immense satisfaction of the consumers.

• A whatsapp Chatbot in which employees/ customers/vendors are getting relevant information through whatsapp in very easy way.

C. ELECTRONICS & TELECOMMUNICATION

The following are the key initiatives, activities and achievements by E&T Dept. during the year 2022-2023.

i. Human Intervention less Road Weighbridge Automation Process across all Subsidiaries of CIL:

‘Process Automation' for human Intervention less Weighbridge as done at SECL, has been replicated in remaining subsidiaries of CIL also for capturing of weighment data and recording it automatically with minimal human intervention. Arrangements have been made for seamless data flow from electronic weighbridges to SAP ERP System without manual intervention for all the subsidiaries.

ii. Leveraging of technology through different IT Initiatives at CIL subsidiaries: The following verticals of IT Initiatives are already functional at subsidiaries of CIL a) GPS based Vehicle Tracking System (VTS)

& Geo-fencing: Coal transport vehicles plying in coal mines are fitted with GPS based Vehicle Tracking System with real time monitoring setup provided at Subsidiary HQ.

b) RF-ID based Boom- Barrier System: This arrangement have been made to control the accessibility of different transport vehicles coming into mine area for coal transport.

c) CCTV based e-surveillance System: CCTV Cameras like PTZ, Dome and Bullet type are installed at various vulnerable location inside the mine such as Magazines, Central stores, Central Workshops, coal stocks, sidings, weighbridges and checkpoints etc. for electronic surveillance.

iii. Implementation of Integrated Command Control Centre (ICCC) at WCL: The Integrated Command and Control Centre (ICCC) has been successfully implemented in WCL in November 2022. This is to augment overall e-security and surveillance using AI and Video Analytics across the coalfield areas in WCL.

Mandate has been given to adopt similar ICCC at other subsidiaries also during 2023-24.

iv. Establishment of redundant 2 tier MPLS VPN connectivity for functioning of Enterprise Resource Planning (ERP): - Secondary Multiprotocol Label Switching (MPLS) –VPN connectivity required for ERP at CIL HQ Kolkata, CIL Office at Delhi and DC as well as DRC has been established along with setting-up of NOC at CIL HQ and the same has been integrated with primary MPLS & CIL LAN for smooth functioning of ERP.

v. Formulation and adoption of uniform and standardized CCTV AMC terms & conditions for CCTV maintenance and upkeep pan Coal India.

14:MINES SAFETY

14. 1: Statutory Frame-work for safety in coal mines:

Coal mining, world over, is highly regulated industry due to presence of inherent, operational and occupational hazards and associated risks. Coal Mine Safety Legislation in India is one of the most comprehensive and pervasive statutory framework for ensuring occupational health and safety (OHS). In India, the operations in coal mines are regulated by the Mines Act- 1952, Mines Rules -1955, Coal Mines Regulations-2017 and several other statutes framed there under. Directorate-General of Mines Safety (DGMS) under the Union Ministry of Labor & Employment (MOL&E) administers compliance of these statutes. Other major Acts/Rules are applicable in coal mines are the Electricity Act- 2003, Central Electricity Authority (measures rel. to safety & supply) Regulations - 2010, Indian Explosive Act-

1884 & Explosive Rules-2008, Indian Boiler Act-1923, the Employee's Compensation Act- 1932 (Principal Act) and the Factories Act - 1948 Chapter -III & IV and several other statutes framed there under.

14. 2: Occupational Health and Safety Policy of CIL: In compliance requirement of requirement Coal Mine Regulation – 2017, a fresh Occupational Health and Safety Policy of CIL was approved by CIL Board of Directors during its 448^th meeting held on 04.01.2023.

Occupational Health and Safety Policy of CIL: We, at Coal India Limited, are committed to ensure the health and safety of our employees. CIL believes that accidents are preventable and industrial health hazards are controllable with foresight, relevant training, purposeful attitude and appropriate equipment.

CIL is committed to:

A. Carry out all mining and associated activities in such a manner as to avoid harm to employees, neighbouring communities & environment.

B. Comply all relevant statutes for occupational health and safety.

C. Continuously promote and improve safe practices in all its operations in a planned manner along with its monitoring and feedback.

D. Develop a culture of progressive improvement in practices and systems related to Occupational Health and Safety (OHS) at work places.

CIL will achieve these objectives by:

1. Planning and designing of mine with adequate provision for Occupational Health and Safety.

2. Hazard Identification and Risk Assessment based Safety Management System in mines.

3. Adoption of suitable technology for improvement in Occupational Health and Safety (OHS) system in work places.

4. Provision of adequate resources for effective execution of Occupational Health and Safety (OHS) system in work places.

5. Engage the safety personnel exclusively for improving safety standards and safety cultures of mines.

6. Organize appropriate forums with employees' representatives for joint consultations on occupational health and safety matters to promote motivation and commitment of employees in occupational health and safety system;

7. Multi-level monitoring of the implementation of the Occupational Health and Safety (OHS) system in mines through Internal Safety Organization (ISO) at the company headquarters and Area Safety Officers at area level;

8. Periodically auditing of the procedures and practices related to Occupational Health and Safety (OHS) System;

9. Institute continuous education, training and retraining all employees with the accent placed on development of safety oriented skills;

10. Continuous efforts to improve the occupational health standards, workplace ambience and health conditions of the employees.

14. 3: Major functions of Corporate ISO

1. Inspection of mines to review safety status therein.

2. Fact finding enquiry into fatal accidents as well as major dangerous occurrences.

3. Monitoring Mine Safety Audit conducted every year.

4. Imparting specialized training by SIMTARS accredited trainers.

5. Issuance of internal Technical Circulars / Management Guidelines / Advisory related to safety.

6. Maintenance of accidents / major incidents database and Analysis of mine Accidents.

7. Monitoring safety related R&D activities in CIL.

8. Organizing CIL Safety Board and National Dust Prevention Committee (NDPC).

9. Monitoring mine rescue preparedness at different mine rescue establishments.

10. Publication of Safety Bulletin.

11. Liasioning with various agencies on the matter of mine safety.

12. Monitoring of CIL Safety Information System (CSIS) database.

13. Response to parliamentary matters and queries under the RTI Act- 2005 w.r.t mine safety.

14. 4: Mine Accident Statistics

• Analysis of Mine Accident Statistics in CIL - Accident statistics is the relative indicator for safety status in mines. Over the years, the safety performance of CIL has improved significantly. Both Fatalities for the year 2022 have reduced to the lowest since inception of Coal India Limited in 1975. Significant reducing trend in mine accidents can be attributed to the following contributing factors:

• Commitment and synergetic cooperation amongst all stakeholders.

• Use of state-of-the-art technology in the field of Mining Methods and Safety Monitoring.

• Continuous improvement in knowledge, skill and responsiveness of workforce.

• Constant vigil, round-the-clock supervision and supports from various agencies.

Salient features of continuous and sustained improvement in CIL's safety performance are as under in following Graphs and also given in Annexure 14

14. 5: Measures for improvement of Mine Safety in 2022

CIL has vigorously pursued several measures in the year 2022, along with the on-going safety related initiatives, apart from compliance of statutory requirements for enhancing safety standard in mines, which are given below:

• Safety Audit of mines conducted through multi-disciplinary Inter Area Safety Audit teams. Further, Check Audit for 10% of mines of CIL also conducted by Inter Subsidiary multidisciplinary team to reassess the audit conducted by the auditors.

• Safety Management Plans (SMPs) are being reviewed and controls measures are complied.

• Principal Hazards Management Plans (PHMPs) are being reviewed and controls measures are complied.

• All mining operations are being performed as per Standard Operating Procedures (SOPs).

• Scientific studies OB dumps & Benches as well as for SCAMP in underground mines.

• Tool box safety talk and Pre-shift safety briefing for effective assessment of safety related hazards before start of operation.

• Personal Safety Counselling & Employee Assistant Program has been initiated for sensitization about safety.

• Special Safety drives conducted to improve safety and enhance safety awareness.

• Regular co-ordination meeting with ISOs for assessing the safety status of mines.

• 58^th CIL Safety Board was held for assessing safety status of all mines.

• Mist type fixed as well as trucks mounted water cannons have been introduced in OC mines.

• Preparation of short Video Clips or Animation films on various Mine Safety Procedures, Dos & Don'ts related to operation and Mine Accidents prepared and shared amongst employees.

• Concept of Suraksha Mitra Mandali/Circle has been introduced in this year to inculcate safety culture amongst employees.

• Micro and macro level action plan prepared for monsoon and implemented.

Apart from the above specific actions, the following are on-going measures for improving safety standards:

• Emphasis on use of the state-of-the art mining technology.

• Adoption of the best practices for Strata and Gas Management

• Strengthening Water Danger Management.

• Training on Mine Safety & Skill Up gradation.

• Emphasis on inspection of mines.

15. MINE EMERGENCY RESPONSE SYSTEM

15. 1: Training on Mine Safety:

• Initial and Refresher training & On-the-Job Training as per statute.

• Training on Simulators to HEMM operators.

• Skill up-gradation of frontline mine officials on continual basis on various topics.

• Sensitization of all employees including Members of Safety Committees and contractual workmen on a regular basis.

• Experienced electrical supervisors of the Area are being engaged for imparting training to electricians and electrical helpers in VTCs.

• Domain knowledge of experienced Agent, Mine Managers, E&M & Excavation Engineers and other senior level executives are being used in imparting training to enhance the quality of training.

15. 2: Mine Emergency Response and Evacuation Plan (EREP)

• Procedures for immediate notification to all persons affected by the emergency.

• Procedures for the safe, orderly and immediate withdrawal of persons from danger.

• Procedures for rescue of persons incapacitated or trapped due to accident.

• Procedures for providing first aid, transportation, medical treatment to injured.

• Special training to respond to critical operations and mine emergencies.

• Mock Rehearsals for examining the efficacy of Plan.

• Demarcating Emergency Escape Routes in belowground and training on evacuation.

• Flow Chart prepared for transmission of information regarding crisis / disaster.

15. 3: Mine Rescue Services in CIL:

• Subsidiaries of CIL maintain 6 Mine Rescue Stations (MRS), 13 Rescue Rooms-with-Refresher Training facilities (RRRT) and 17 Rescue Rooms (RR) at strategic locations to cater to the emergencies on 24X7 basis.

• All Rescue Stations / Rescue Rooms are fully equipped with adequate numbers of rescue apparatus and staffed by adequate numbers of Rescue Trained Personnel (RTP) as per the MRR-1985.

• Mine Rescue Team from WCL has bagged third position in Mine Rescue Skills Category at the 12^th International Mines Rescue Competition (IMRC) organized by Mines Safety and Health Administration Academy in Beaver, West Virginia, USA.

16 HUMAN RESOURCE DEVELOPMENT

Coal India Limited is ever geared up to meet the expectations of the Nation by maintaining an uninterrupted coal supply chain to ensure energy security. How critical is the role of Human Resource in achieving this goal is well understood by the organization and hence development of the workforce is one of the top priority activities in which the Company has consistently been investing. The HR Leadership looks ahead with a clear perspective with reference to the target of producing 1BT coal by 2025-26, intensity of deploying enabling technology that is required to meet the target and associated training interventions. Diversification of business is another area, where capability diversification is well anticipated for which the company is preparing itself to keep pace.

During 2022-23 different training programs were organized at subsidiary headquarters, training centres, vocational training center and also at CIL's own in-house training facility Indian Institute of Coal Management Ranchi. This training programs were organized after accessing the training needs in the respective category of employees within the subsidiary.

Employees were given trainings for skill development and acquisition of knowledge and skill in existing and future technology as well as safety. In addition to in-house training, employees were trained at reputed training institutes like IIM Lucknow, IIM Calcutta, IIM Indore, IIM Nagpur, ISM Dhanbad, XLRI Jamshedpur etc. in their respective fields of operations.

16. 1 Training and Development of Human Resource:

In Financial year 2022-23, a total of 89,168 employees have been trained in house, out of this 17,404 were executives and 71,764 were non-executives. A total of 6415 employees have been trained outbound but within the country, out of this 5895 were executives and 520 were non- executives. During the FY 22-23, 5,83,984 training man-days were achieved for CIL employees including executives and non-executives (excluding contract workers) across Subsidiaries.

52 Executives attended workshops/Conferences/training/ visits outside the country in this Financial year.

36,644 contract workers were trained in the financial year 2022-23.

16. 2 Engagement of Apprentices:

During the year 2022-23, in CIL and its subsidiaries a total of 8891 Apprentices were engaged through National Apprenticeship Training Scheme (NATS) and National Apprenticeship Promotion Scheme (NAPS) portals which constitutes around 2.62 % of total manpower including contractor workers.

16. 3 Special Initiatives:

• Training Need Analysis of entire executive workforce of CIL undertaken and completed within a stipulated time frame with consultancy support from M/s Deloitte. Under this study, competency gaps have been identified and need based training programs will be organized to bridge the gaps.

• Training of Below Board level Executive: A total of 1083 Executives across various levels and disciplines were imparted training in Premier Institutes like IIM Lucknow, IIM-Indore, IIM-Calcutta, IIM-Nagpur, XLRI Jamshedpur, ISM Dhanbad on various topics like "General Management, Managing people, Contract Management, ESG Management, HRM, RCA for Safety Personnel".

• 4 executives trained on Solar energy project at National power Training Institute; 70 Senior Executives underwent training on Carbon Neutrality at IIM Calcutta.

• A pilot batch of 16 executives across CIL are undergoing a six-month Certificate Course on HR Analytics being provided by XLRI Jamshedpur.

• In House Training programs (by IICM, Ranchi) : Some of the major training programs undertaken in this FY:

a. DISHA: The way Ahead – Recently promoted

29 General Managers across CIL attended the program to understand the responsibilities of the new roles.

b. LAKSHYA: A Personal Journey for Development and Transformation was organized for 50 GMs/ Chief Managers across CIL and Subsidiaries.

c. MANTHAN: A director-level leadership development programme for the newly selected Directors on the Boards of various Subsidiaries of CIL.

d. OUTBOUND PROGRAM: Leadership Development with professional support from TSAF for 24 female executives at Mussoorie. Team building and leadership programs conducted at other places for the Executives were Ladakh, Shimla, Jim Corbett, and Panchgani.

17 RECRUITMENT

During the Financial Year (F.Y.) 2022-23, Coal India Limited (CIL) has inducted Management Trainees, Medical Executives and other Executives at lateral level through direct recruitment to fill up the vacancy arising out of retirement, resignation etc. Departmental promotion / selection was also made in different disciplines by promoting Non-Executive employees to Executive cadre. The details of Executive manpower influx in CIL for F.Y. 2022-23 are as follows:

1. 581 Management Trainees (MTs) were selected on the basis of GATE-2021 Score against 588 vacancies notified in the Recruitment Advt. No. 03/2021 of CIL wherein 281 MTs have joined.

2. 958 Management Trainees (MTs) were selected on the basis of GATE-2022 Score against 1026 vacancies notified in the Recruitment Advt. No. 02/2022 of CIL. 723 MTs have joined across Subsidiaries till date. Joining formalities of the MTs selected in further Phases are presently underway.

3. 366 MTs were selected on the basis of Computer Based Test (CBT) Score against 398 vacancies notified in the Recruitment Advt. No. 03/2022 of CIL (CBT-2022) wherein 295 MTs have joined across Subsidiaries till date. Joining formalities is presently underway. Further, Documents Verification (DV) and Initial Medical Examination (IME) in r/o 43 candidates selected in CBT-2022 (2^nd Phase) was conducted on 27.03.2023.

4. During the F.Y. 2022-23 (Upto 30.09.2022), from the Decentralized Recruitment of Medical Executives

- 2021-22, 43 Medical Executives joined across Subsidiaries.

5. Regarding Decentralized Recruitment of Medical Executives - 2022-23: Out of 255 candidates selected, 193 reported and 82 joined.

6. After completion of successful training period, 573 MTs posted across Subsidiaries were placed in E3 grade.

7. 10 Company Secretaries were selected under the Lateral Recruitment from E3 to E-8 Grades. Out of which 1 posted in CIL and the remaining posted in various Subsidiaries.

8. RegardingCareerProgressionofDepartmental candidates:

a) 504 Departmental candidates have been selected from Non-Executive to Executive cadre in Mining discipline.

b) 282 Departmental candidates have been promoted / selected from Non-Executive to Executive cadre in Survey discipline and posted at different Subsidiaries.

c) 331 departmental candidates have been promoted / selected from Non-Executive to Executive cadre in 10 disciplines and posted at different Subsidiaries.

d) 315 departmental candidates who completed 01 year probation period in E2 grade were placed in E3 grade.

18.MANPOWER

18.1The total manpower of the Company including its subsidiaries as on 01.04.2023 stood at 2,39,210 against 2,48,550 as on 01.04.2022. A detailed Subsidiary wise position of Manpower is given in Annexure 15.

18.2 The presidential directives with respect to manpower for Scheduled Caste/Scheduled Tribes/OBC have been implemented in all the subsidiaries/units of Coal India Limited.

The representation of SC/ST employees in total manpower of CIL and its Subsidiary Companies as on 01.01.2021, 01.01.2022 and 01.01.2023 is given below: -

	Total	Scheduled Caste		Scheduled Tribe		OBC
As on	Manpower	Nos.	Percentage	Nos.	Percentage	Nos.	Percentage
01.01.2021	2,62,292	52,000	19.83	40,063	15.27	59,937	22.85
01.01.2022	2,51,320	48,493	19.30	36,398	14.48	60,172	23.94
01.01.2023	2,41,563	46,157	19.11	35,055	14.51	56,556	23.41

 

			(as on 1.1.21)
Groups	Total Manpower	SCs	SCs %	STs	STs %	OBCs	OBCs %
A	14333	2222	15.50	841	5.87	2319	16.18
B	15724	2482	15.78	1542	9.81	3938	25.04
C	232235	47296	20.37	37680	16.22	53680	23.11
Total	262292	52000	19.83	40063	15.27	59937	22.85

 

			(as on 1.1.22)
Groups	Total Manpower	SCs	SCs %	STs	STs %	OBCs	OBCs %
A	14053	2222	15.81	859	6.11	2562	18.23
B	17774	2324	13.08	1563	8.79	4058	22.83
C	219493	43947	20.02	33976	15.48	53552	24.40
Total	251320	48493	19.30	36398	14.48	60172	23.94

 

			(as on 1.1.23)
Groups	Total Manpower	SCs	SCs %	STs	STs %	OBCs	OBCs %
A	14936	2360	15.80	967	6.47	3156	21.13
B	17061	2230	13.07	1484	8.70	3838	22.50
C	209566	41567	19.83	32604	15.56	49562	23.65
Total	241563	46157	19.11	35055	14.51	56556	23.41

19. INDUSTRIAL RELATIONS AND EMPLOYEES' PARTICIPATION IN MANAGEMENT

The Industrial Relations scenario in CIL & its subsidiaries during the financial year remained cordial. Joint Consultative Committees and other Bipartite Committees at Unit/Area levels and Subsidiary (HQ) levels continued to function in harmony. Meetings of Bilateral Committees were held at regular intervals at CIL to address IR, Welfare, Productivity/ Production, Safety etc. issues. Except for few minor issues of local nature at a few subsidiaries, there has been no major IR problem in the company.

20. EMPLOYEES' WELFARE AND SOCIAL SECURITY SCHEMES

Coal India Limited strives to provide the best facilities for Welfare of its employees and their families. The facilities that are extended to all sections of the Society like- Scheduled caste, Scheduled Tribe, backward classes, minorities as well as other marginalised segments of the society, without any discrimination, are given below: -

20. 1 Housing facilities

In CIL and its subsidiaries, all eligible employees are provided company quarters subject to availability and Company rules. Regular repair and maintenance including thorough repair of these housings are undertaken regularly to provide decent housing to employees.

20. 2 Water supply

To provide clean drinking water to the employees and their families, many water supply schemes have been taken up. Supply of water is done after proper treatment and several RO plants/ Pressure filter plants are also existing in coalfields that cater not just to our employees but also to the population in the neighborhood. During summer months, in areas facing water scarcity, water is also supplied through tankers.

20. 3 Educational Facilities

The subsidiary companies of CIL have been providing financial assistance and infrastructure facilities to schools operating in Mines areas like DAV, Kendriya Vidyalaya, Delhi

Public School etc. and other Educational Institutions run by the State Government to provide quality education to the employees' children. In addition, financial assistance and infrastructure facilities are also provided to certain privately managed schools and other educational institutions by some of the subsidiary coal companies functioning in and around coalfield areas. These schools cater to the requirement of the entire population in coalfield areas.

20. 3.1 Coal India Scholarship Scheme:

For employees' children, two types of Scholarships, namely Merit and General Scholarship, are being provided every year under prescribed terms and conditions.

a) In Merit Scholarship, Students securing 1^st to 20^th position in Madhyamik/ H.S. or any State Board or securing 95% and above marks in ICSE, CBSE / ISC Exam (Class-X & XII) are given scholarship per month.

General Scholarship is provided to Students studying Class-V onwards up to Graduation /Post- graduation level in any discipline subject to prescribed percentage of marks.

b) Cash Award and certificate of appreciation: -

Every year, Cash Award of H 5000/- and H 7000/- respectively are provided to the Meritorious wards of CIL employees who secure 90% or above Marks in aggregate in 10^th and 12^th standard Board level examination.

c) Considering the high cost of technical and medical education in the country, Coal India Limited is providing financial assistance towards meeting the cost of education of the dependent children of Wage Board Employees to the extent of tuition fees and Hostel charges for pursuing studies of Engineering / Medical in IITs, NITs, Govt. Engg. and Govt. Medical college.

20. 4 Medical Facilities

Coal India Limited and its subsidiaries are extending medical facilities to the employees and their families through various medical establishments from the dispensary level to the central and Apex Hospitals in different parts of the coalfields. For specialized treatment, where the expertise/ facilities is not available, they are also referred for treatment outside the empaneled hospital.

For transporting the patient to hospitals, ambulances with latest technology and life support systems are provided at central places in entire coalfields.

In addition, special emphasis has also been given on Occupational Health, HIV /AIDS awareness programme for the employees and their families.

Medical facilities of OPD and indoor treatment in Company's hospitals/ dispensaries are also extended to the workers engaged by contractors.

During the Covid pandemic, the medical fraternity and the staff have provided commendable support to the population of coalfield areas.

20. 5 Statutory Welfare Facilities

In accordance with the provision of the Mines Act 1952 and Rules and Regulations framed there-under, subsidiaries of Coal India Limited are maintaining various statutory welfare facilities such as Canteen, Rest Shelters etc. These facilities are for use by the employees of the company as well as contractor's labor alike.

20. 6 Non-Statutory Welfare Measures

20.6.1 Co-operative Stores and Credit Societies

In order to supply essential commodities and consumer goods at a cheaper rate in the collieries, Central Cooperative and Primary Co-operative Stores are functioning in the Coalfield Areas of CIL.

20.6.2 Banking Facilities and Post Offices

The Management of Coal companies are providing infrastructure facilities to the various Nationalized Banks for opening their Branches and Extension Counters in the Coalfields for the benefit of their workers. Similarly, there have been efforts to bring the post offices to the proximity of workers by encouraging opening of Account facilities closer to residential colonies

20.6.3 Sport Facilities

There are recreational and sports facilities near residential colonies of workers to ensure the wellbeing and good health of the workers and their families

For the purpose of promotion of Sports and Culture, Coal India has an approved Sports Policy administered through Coal India Sports Promotion Association (CISPA), a body registered under the West Bengal Society's Registration Act; and this association supports Sports and Culture by way of providing sponsorship/ financial assistance in the coalfield areas. CISPA is also lending support to various subsidiaries in creation of sports infrastructure for the benefit of larger local population

20.7 Empowerment of Women

There are 19794 female employees working in CIL and its Subsidiary companies. In order to ensure their health, safety and welfare, the coal companies ensure compliance to all statutory requirements, enhanced maternity leave, child care leave, cr?che etc

Also, Forum of Women in Public Sector (WIPS) under the aegis of SCOPE (Standing Conference of Public Enterprises) is operational in all coal companies/ CIL for empowering them and provide a platform for networking.

In terms of the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act 2013, Coal India Limited has an Internal Complaints Committee.

20. 8 CIL Welfare Board Meeting

A bipartite forum comprising of representatives from trade unions and management constitutes the Welfare Board. This Welfare Board holds its meetings at unit/ subsidiary and headquarter level regularly. The welfare Board takes important decisions regarding the welfare measures for employees, housing facilities upliftment, drinking water facilities and all other facilities. The Welfare Board also monitors the quality of facilities.

21. RECOMMENDATIONS MADE BY THE COMMITTEE ON PAPERS LAID ON THE TABLE (RAJYA SABHA) IN ITS 150TH REPORT

A. Vigilance Cases during the year 2022-23

Particulars	No. of cases
Opening Cases	7
Received	569
Total	576
Disposed off	560
Closing Cases	16

B. Pending CA&AG Paras (CIL H.Q.):-

	PART II A				PART II B			TOTAL
No of Paras received	No of Paras replied	Remarks	No of Paras received	No of Paras replied	Remarks	No of Paras	No of Paras replied	Remarks
20	19	Under scrutiny of CAG	28	28	Under scrutiny of CAG	48	47	Under scrutiny of CAG

Replies to all the CAG Paras have been given and the matter is under scrutiny of CAG. The matter is being regularly followed up with the office of C&AG.

C RTI Matters:

Extracts of RTI Annual Return for the Financial Year 2022-23

Particulars	Requests Received (including cases transferred to other Public Authority)	No. of cases transferred	Decisions where requests/appeals rejected	Decisions where requests /appeal accepted & disposed
Nos.	1697	341	119	1237

22. TREE PLANTATION / AFFORESTATION

Plantation and Green belt are developed through extensive tree plantation programme every year by the Subsidiaries of CIL. Avenue plantation, plantation on OB dumps, plantation in and around mines, residential colonies, and available government land are undertaken in the existing as well as the new projects. The subsidiaries of CIL have planted around 31.01 lakh saplings during 2022-23 in an area covering more than 1,613.39 Ha. (Around 1,126 Ha inside mine lease area & over 487 Ha outside mine lease area) with an increase of about 10 % over previous year in terms of area of plantation

23. PROGRESSIVE USE OF HINDI

Coal India Limited is committed to implement the provisions of Official Language Act, Rules and Regulations and all mandatory activities are conducted regularly in every quarter. Activities that take place throughout the year include:

• Review meeting of CIL Official Language Implementation Committee was organized every quarter.

• To promote the use of Hindi in official work, a total of 4 workshops were organized in every quarter. Training and practice programs related to Hindi e-tools, Hindi noting, drafting and regular official works were organized and information about constitutional provisions was given.

• Under the provisions of in-service Hindi training, Hindi Praveen's class is being conducted for the 14 CIL employees in January-2023 session in collaboration with the Government of India's Hindi Teaching Scheme, Department of Official Language, Ministry of Home Affairs, and 15 trainees received training in Hindi the July, 2022 session of 'Pragya' class.

• Hindi Kavi Sammelan was organized on 22.04.2022 at CIL (HQs), Kolkata premises.

• Organization of meeting of Hindi Advisory Committee, Ministry of Coal under the chairmanship of Honourable Coal Minister Mr. Pralhad Joshi on 18.05.2022.

• Poetry recitation competition was organized on 15.07.2022 under the chairmanship of CIL and under the aegis of TOLIC (PSUs), Kolkata. In which 80 participants participated.

• A technical seminar was organized at Hotel Taj Vivanta on 29.07.2022 under the chairmanship of CIL and under the aegis of TOLIC (PSUs), Kolkata.

• The 12^th and 13^th issue of Hindi magazine "Koyla Darpan" was published from CIL HQs on the auspicious occasion of Independence day & Republic day respectively.

• On 25.08.2022, a review meeting of TOLIC (PSUs), was organized under the chairmanship of Director (P&IR), CIL. In which, the member offices which performed excellently in the field of implementation of official language during the year 2021-22 and Hindi magazine were rewarded.

• In the said meeting, the 26^th issue of Hindi magazine 'Abhivyakti' of TOLIC (PSUs), Kolkata was released. Whose publication work was done by the Department of Official Language, CIL. TOLIC (PSUs), Contact directory was also inaugurated in the same meeting.

• Hindi Fortnight was organized this year from 14-29 September 2022 at Coal India Ltd. (HQ), Kolkata. The Department of Official Language, Ministry of Home Affairs has decided to inaugurate the Hindi Day celebrations of all the government offices of the country this year with the Hindi Day Conference and the Second All India Official Language Conference organized in Surat, Gujarat on September 14, 2022. Compliance of which was also done by the Coal India Ltd. (HQs) Office. Various types of competitions like essay writing, poetry recitation, letter-note writing, quiz, dictation competition, translation competition, computer operation competition was organized during the fortnight. In which 124 participants participated.

• On 29.09.2022, meeting of the Official Language Implementation Committee and prize distribution program was organized under the closing ceremony of the Official Language Fortnight. In the said ceremony, the winners of the competition were encouraged by giving prizes and 'CIL Rajbhasha Chalshield' to the three departments doing excellent official work in official language Hindi.

• Under the chairmanship of CIL and under the aegis of TOLIC (PSUs), Kolkata, various competitions in official language Hindi, such as poetry recitation, letter and note writing, essay writing, quiz competition, elocution competition, Translation competition were organized at various centres of Kolkata-based Public sector enterprises in the month of November and December.

• On 30.01.2023, the 27^th issue of 'Abhivyakti', a Hindi magazine of TOLIC (PSU), Kolkata was released.

• A two-day technical seminar was organized by TOLIC (PSU), Kolkata under the leadership of Department of Official Language, CIL on 30-31 January, 2023. In which official language nodal officers of CIL & officers of other member PSUs also participated.

In order to promote the use of Hindi in official work, the following schemes have been implemented: (i) CIL Hindi Book Writing Incentive Scheme" (ii) Incentive Scheme for Correspondence / Drafting and doing other official work in Hindi" (iii) CIL Hindi book writing scheme (iv) CIL Rajbhasha Chal Shild Yojna

24.VIGILANCE DIVISION

Coal India Ltd. has a well-structured Vigilance Division at Corporate HQ Kolkata, headed by a Chief Vigilance Officer & assisted by a multi-disciplinary team of vigilance officers. Similarly, all of its eight subsidiaries have their independent Vigilance Units, each headed by a Full time CVO. At the level of holding company, CVO, CIL acts as a coordinating authority between subsidiary Vigilance, CBI, Ministry of Coal and the Central Vigilance Commission. CVO, CIL at corporate level deals with complaints, investigations and systemic improvements on issues having multi-subsidiary and company-wide ramifications.

Complaints received in organization are dealt in accordance with the ‘Complaint Handling Policy' of CIL and CVC Guidelines and are processed using the Online Complaint Handling Portal from receipt up to disposal. As a part of preventive vigilance, CIL vigilance division undertakes System Studies of various business processes having operational & financial implications and developed specific system improvement suggestions for the management. Some of the System Improvement Measures (SIMs) undertaken during 2022-23 are briefly summarized below:

• Mission- Productivity Maximization- Performance analysis of dumpers: Vigilance study revealed that data generated by the on-board Truck Payload Monitoring System (TPMS) have the potential to dramatically improve the efficiency and productivity of the high capacity dumpers. A in depth study was made and recommendations for systematic improvement was suggested to CIL management for implementation. CIL management accepted the suggestion and decided to explore the facility of seamless transfer of data in ERP system for loading and transporting equipment. Based on the deliberations, administrative orders were issued. Portal has been developed to consolidate the data from various subsidiaries which is being monitored by EED in its monthly report.

• Quantification of Coal stock in CIL: Policy, Process and Pitfalls: A System study was conducted for understanding of the vulnerabilities of the production reporting process based on estimation, with specific focus on (a) improving reliability and authenticity of the present reporting system of Coal Production tonnage (b) maximizing productivity and efficiency of HEMM. The study has resulted in several system improvement suggestions which have been implemented across the subsidiaries.

• Systemic improvement suggestions issued in respect of procurement of larger size HEMM tyres: A robust procedure for ascertaining the performance of items procured at CIL level and consumed at subsidiary/ Project level is suggested to be designed and incorporated in supply orders. Recommended that duration of warranty period should be suitably amended for protecting the interests of CIL. An SOP for warranty claims is suggested to be issued which is complied.

Complaint Handling: During the year 2022-23, CIL Vigilance Division received 569 complaints including those forwarded by MoC, CBI and CVC out of which 560 have been disposed of during the year.

Punitive Vigilance: The Vigilance Units of CIL and its subsidiaries undertook numerous intensive examinations, surprise checks and investigations leading to punitive actions on 265 officials during the year.

Vigilance Awareness Week: In the year 2022, Vigilance Awareness Week was observed from 31^st October to 6^th November, 2022 on the theme "Corruption Free India for a Developed Nation".

The observance of VAW was preceded by a special campaign during the period 16^th August 2022 till 15^th November, 2022 as a precursor to Vigilance Awareness Week 2022 on Preventive Vigilance cum Housekeeping activities as circulated by CVC vide Circular No. 14/07/22, dated 25.07.2022 with six focus areas, namely; Property Management, Management of assets, Record Management, Technological Initiatives, Updation of guidelines/circulars/ manuals and disposal of complaints. Stake-holders' and Customers' Meets have been organized and suggestions/ issues raised are acted upon. During this week Integrity pledge, Essay writing competition, speech competition, online quiz amongst the school and college students, drawing and painting competition of students, spouses and wards of employees of Coal India conducting sensitization program, walkathon for vigilance awareness etc. were organized by CIL HQ.

25. PARTICULARS OF EMPLOYEES

MCA vide its Notification dated 5^th June'2015 has exempted the same for Government Company. None of employee of CIL and its Subsidiaries are earning in excess of H 1.02 crore per annum.

26. BOARD OF DIRECTORS & KEY MANAGERIAL PERSONNEL

a). Functional (Executive) Directors: -

As on 31.03.2023, the Functional Directors of Coal India Limited are as under:-

1. Shri Pramod Agrawal[DIN-00279727]- Chairman cum Managing Director (CMD)

2. Shri Pramod Agrawal [DIN-00279727]- Director(Fin.),Additional charge till 28^th December'2022

3. Shri S.N. Tiwary [DIN-07911040]-Director (Marketing)- superannuated on 30^th April' 2022

4. Shri Vinay Ranjan[DIN-03636743]- Director (P & IR)

5. Dr. B. Veera Reddy- [DIN-08679590]- Director (Technical)

6. Dr. B. Veera Reddy- [DIN-08679590]- Director ( Marketing) additional charge from 1st May'22 to 22nd Dec'22

7. Dr B. Veera Reddy- [DIN-08679590] Director (Finance), additional charge from 29^th December'22

8. Shri Debasish Nanda[DIN-09015566]- Director (Business Development)- from 11^th July' 2022

9. Shri Mukesh Choudhary[DIN-07532479]- Director (Marketing)- from 23^rd December' 2022

b) Government Nominee Directors: -

1. Shri Vinod Kumar Tiwari [DIN-03575641]- AS, MoC- ceased to be Director on 21^st February' 2023

2. Mrs Nirupama Kotru-[DIN-09204338]- JS & FA,MoC

3. Shri Nagaraju Maddirala-[DIN-06852727]- Addl. Secy,MoC appointed on 22^nd February' 2023

c) Independent Directors: -

There are the following seven Independent Directors were appointed in CIL Board :-

1. Prof. G. Nageswara Rao –[DIN-08461461]

2. CA Denesh Singh – [DIN-08038875]

3. Shri B. Rajesh Chandar – [DIN-02065422]

4. CA Kamesh Kant Acharya -– [DIN-09386642]

5. Shri Makwana P Kalabhai – [DIN-09385881]

6. Dr. Arun Kumar Oraon -– [DIN-09388744]

7. Shri Ghanshyam Singh Rathore – [DIN-09615384] appointed on 1^st March' 2023 d) Permanent Invitees: -

1. Shri P. M. Prasad, CMD, Central Coalfields Ltd.

2. Shri Bhola Singh, CMD, Northern Coalfields Ltd.

3. Ms. Jaya Varma Sinha, Addl. Member-Traffic, Transportation, Railway.

e) Key Managerial Personnel: -

1. Shri Pramod Agrawal -Chief Executive Officer (CEO)

2. Shri S.K. Mehta, ED (Finance)- Chief Financial Officer (CFO)

3. Shri M. Viswanathan- ceased to be Company Secretary and Compliance Officer on 30^th September'22.

4. Shri B. P. Dubey- appointed as Company Secretary and Compliance Officer, CIL w.e.f. 21^st October' 2022.

Your Directors wish to place on record their deep sense of appreciation for the valuable guidance and services rendered by the Directors during their tenure, who ceased to be the Directors during the year.

In terms of Article 39(j) of the Articles of Association of the Company, one third of the Directors are liable to retire by rotation shall retire at the ensuing Annual General Meeting and they are eligible for reappointment. Shri Vinay Ranjan, Director (P&IR), CIL and Dr. B. Veera Reddy, Director (Technical), CIL will retire by rotation and has offered themselves for re-appointment.

The Board of Directors held 11 meetings during the year 2022-23.

27. COMPOSITION OF AUDIT COMMITTEE

CIL in pursuance of excellence in corporate governance formed an Audit Committee of its Board of Directors w.e.f. 20^th July' 2001 and the Audit Committee was re-constituted by the Board in its 433^rd meeting held on 12^th Nov'2021 consisting of 4 Independent Directors, One Government Nominee Director, One Whole Time Director (Director Technical) and One permanent Invitee (Director Finance). The composition, quorum, powers, role and scope are in accordance with Section 177 of the Companies Act, 2013 and the provisions of Regulation 18 of SEBI (LODR) 2015. Details were disclosed in Corporate Governance Report

28. COMPOSITION OF CSR COMMITTEE

Sustainable Development Committee including CSR was constituted by CIL Board of Directors in its 282^nd meeting held on 16-04-2012. This Committee was renamed as CSR Committee in pursuant to Section 135 of the Companies Act, 2013 and the Companies (Corporate Social Responsibility) Rules, 2014. This committee was reconstituted on 12^th November 2021 comprising of 2 Independent Directors, 1 Govt. Nominee Director and 1 Functional Director. Details were disclosed in Corporate Governance Report

29.DECLARATION GIVEN BY INDEPENDENT DIRECTORS UNDER SUB-SECTION (6) OF SECTION 149.

Independent directors had given their declaration during 2022-23 that they meet the criteria of independence as stipulated in sub-section (6) of Section 149 of the Companies Act 2013.

Further, as required under Section 149(7) of Companies Act'13 and Regulations 25(8) of SEBI (LODR) Regulations 2015, Independent Directors had submitted declaration that they meet the Independence Criteria as provided in Clause (b) of Regulation 16(i) of LODR 2015 and they are not aware of any circumstance or situation, which exists or may be reasonably anticipated that could impair or impact their ability to discharge duties with an objective independent judgment and without any external influence. Further, as required under Regulation 25(9) of LODR 2015, the Board of Directors of the Company in its 450^th Board meeting held on 19^th April'23 took on record the declaration and confirmation submitted by the Independent Directors under Regulations 25(8) after undertaking due assessment of the veracity of the same.

30.APPOINTMENT/RE-APPOINTMENT AND

INTEGRITY, EXPERTISE & EXPERIENCE (INCLUDING PROFICIENCY) OF INDEPENDENT DIRECTORS

All 7 Independent Directors had registered themselves with IICA, Data Bank. As stipulated by SEBI (LODR) Regulations 2015, the list of core skills/expertise/competence as possessed by them was approved by Board in its 450^th Board meeting held on 19^th Apr'23. This includes Integrity, expertise and experience of Independent Directors.

31. RECOMMENDATION OF AUDIT COMMITTEE AND OTHER SUB-COMMITTEES OF THE BOARD.

All the recommendations made by Audit Committee and other Sub-Committees were accepted by the Board.

32. COMPANY'S POLICY ON DIRECTORS ‘APPOINTMENT AND REMUNERATION INCLUDING CRITERIA FOR DETERMINING QUALIFICATIONS, POSITIVE ATTRIBUTES, INDEPENDENCE OF A DIRECTOR AND OTHER MATTERS PROVIDED UNDER SUBSECTION (3) OF SECTION 178.

MCA vide Notification dated 5^th June'2015 had exempted the above for Government companies.

33. REMUNERATION POLICY OF DIRECTORS, KMPS AND SENIOR MANAGEMENT – SECTION 178(4).

MCA vide Notification dated 5^th June'2015 had exempted the above for directors of Government companies.

34. A STATEMENT INDICATING THE MANNER IN WHICH FORMAL ANNUAL EVALUATION HAS BEEN MADE BY THE BOARD OF ITS OWN PERFORMANCE AND THAT OF ITS COMMITTEES AND INDIVIDUAL DIRECTORS.

MCA vide notification dated 5^th June'2015 had exempted evaluation mechanism for Govt. Companies.

35. CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

Related Party Transactions made with the Subsidiary companies were exempted under Regulation 23(5)(a) and (b) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 being transactions between two government companies and transactions entered between a holding and its wholly owned Subsidiaries whose accounts are consolidated with holding company and placed before the shareholders at the general meeting for approval. Accordingly, Form AOC 2 is not applicable.

36. LOAN, GUARANTEES OR INVESTMENTS BY A COMPANY UNDER SECTION 186 OF THE COMPANIES ACT'2013

Loan, guarantees and investments made by Coal India Limited in terms of Section 186 of the Companies Act 2013 is enclosed in Annexure 16.

37. FAMILIARIZATION PROGRAMME OF BOARD MEMBERS.

Board of Directors are fully briefed on all business-related matters, associated risk and mitigation measure taken by the company, new initiatives etc. of the company. The Board of directors were also briefed about the provisions of Companies Act 2013, Prohibition of Insider Trading Regulations as amended and SEBI (Listing Obligations and Disclosure Requirement) Regulations 2015. As per Regulation 25 of SEBI (Listing Obligations and Disclosure Requirement) Regulations 2015, the listed entity shall familiarize Independent Directors through various programmes about the listed entity, including the following:

(a) Nature of the industry in which the listed entity operates;

(b) Business model of the listed entity;

(c) Roles, rights, responsibilities of Independent Directors; and

(d) Any other relevant information.

As per regulation 46 of SEBI (Listing Obligations and Disclosure Requirement) Regulations 2015, the details of familiarization programmes given to Independent Directors is to be disclosed on the website of the company. The same is disclosed in company's website and link is given hereunder: - https://d3u7ubx0okog7j.cloudfront.net/ documents/FamiliarizationProgrammesIDs.pdf

38. SEXUAL HARASSMENT OF WOMEN AT THE WORKPLACE

The company has an Anti-Sexual Harassment Policy in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee (ICC) is working at every Subsidiary and office of Coal India Limited to redress complaints regarding sexual harassment. All women employees (permanent, contractual, temporary, trainees) are covered under the said policy. The ICC members of Coal India Limited, headquarters as on 31^st March'23 are as follows:

1. Ms. Binita De - Chairperson

2. Shri CVS Ramanujam- Member

3. Ms. Namrata Shukla- Member

4. Ms. Shweta Loharuka- Member

5. Shri Arun Bohra – Member

6. Ms. Pallabi Halder – NGO Member

One sexual harassment complaint was received during the year 2022-23 at Coal India Limited Hqs. Charges of Sexual Harassment in the complaint was proved. The Employee was suspended for a period of 10 days and transferred from the office.

39. DIRECTORS' RESPONSIBILITY STATEMENT

In terms of Section 134(3) (c) of the Companies Act, 2013, read with the Significant Accounting Policies at Note-2

& Additional Notes on Accounts at Note-38 forming part of CIL (Standalone) Accounts and Significant Accounting Policies at Note-2 & Additional Notes on Accounts at Note-38 forming part of CIL (Consolidated) Accounts.

It is confirmed that:

a) In the preparation of the Annual financial statements, the applicable Indian Accounting Standards have been followed and no material departures have been made from the same;

b) The Accounting Policies have been selected and applied consistently and judgements and estimates made that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and profit and loss of the company for that period; c) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) The Annual Financial Statements have been prepared on a going concern basis;

e) Internal Financial Controls have been laid down and such controls are adequate and were operating effectively during the year ended 31^st March'2023.

f) Proper systems have been devised to ensure compliance with the provisions of all applicable laws and such systems were adequate and operating effectively.

For CIL (Consolidated) Financial Statements, such confirmation is based on confirmation obtained from Ten Indian subsidiaries of CIL viz: Eastern Coalfields Limited, Bharat Coking Coal Limited, Central Coalfields Limited (consolidated), Northern Coalfields Limited, Western Coalfields Limited, Mahanadi Coalfields Limited (consolidated), South Eastern Coalfields Limited (consolidated), Central Mine Planning & Design Institute Limited, CIL Solar PV Limited and CIL Navikarniya Urja Limited. However, for the overseas subsidiary viz. Coal India Africana Limitada, incorporated under Mozambique Commercial Code and for Joint Ventures viz. International Coal Ventures Private Limited, NTPC Urja Private Limited, Hindustan Urvarak & Rasayan Limited, Talcher Fertilizers Limited and Coal Lignite Urja Vikas Private Limited where CIL is not the majority shareholder, such confirmation have not been obtained.

Internal Financial Control & its Adequacy: (Details are disclosed in MD & AR portion)

40. ACCOUNTS OF THE SUBSIDIARIES

The statement containing the salient features of the financial statements of company's Subsidiaries, Associate companies and Joint ventures under the first proviso to sub-section (3) of section 129 of Companies Act,2013 is enclosed as AOC 1 in Annexure 17. In terms of General Circular No.2/2011 dated 8^th Feb 2011 from Ministry of Corporate Affairs, the Annual Accounts of the Subsidiary companies shall be made available to the shareholders on demand.

41. COST AUDIT REPORT & COST AUDITOR

M/s Shome & Banerjee conducted Cost Audit of your company for the Financial Year 2021-22 and Cost Audit Report was approved by the Board of Directors by Circulation. The above report was filed in XBRL mode with MCA on 27^th September 2022. All the Cost records as specified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013, is required by the Company and accordingly such accounts and records are made and maintained.

M/s R. M. Bansal & Co was appointed as Cost auditor for CIL Standalone for the Financial Year 2022-23. E-form CRA-2 has been filed with MCA.

42.IMPORT

Import by Coal India Ltd (Consolidated) in the last 3 years are as below:

(H in crore)

Year	Assessed Value	Custom Duty Including GST & Cess
2020-21	1952.20	610.45
2021-22	517.78	168.71
2022-23	1028.31	263.04

43.SECRETARIAL AUDIT

In pursuance of Section 204 of Companies Act 2013, company had conducted Secretarial Audit for the year 2022-23 by a peer reviewed practicing Company Secretary firm M/s Parikh & Associates, Practising Company Secretaries. Their appointment was approved in 449^th CIL Board meeting held on 31^st January'2023. Company has obtained ‘Secretarial Audit Report' for the year 2022-23 in form MR-3 and the response to their comment is enclosed in Annexure 18. In addition, CIL has 6 Material Unlisted Subsidiaries and their Secretarial Audit Report along with Observation of Secretarial Auditor and Management Reply are also annexed as per Regulation 24A of LODR 2015.

44. RISK MANAGEMENT POLICY

CIL has approved Risk Management Charter and Risk Register to build up a strong Risk Management Culture to achieve company's goals and objectives. The entity level Risk Assessment comprises Strategic Risk, Operational Risk, Financial Risk, Compliance Risk, Project Related Risk and Support System Risk.

As per the Risk Register, various risks have been identified for CIL & its Subsidiaries. Risk Owner & Risk Mitigation Plan Owners have also been nominated for each risk identified to ensure continuous monitoring and mitigation thereof. A Risk Management team headed by Chief Risk Officer (CRO) in consultation with HoDs and under the guidance of the Risk Management Committee had implemented the governance process envisaged in the Risk Management Framework along with formulation of Risk Mitigation plans for RTMs (Risk That Matters) of CIL. The Seven RTMs of CIL under purview of risk management are : Risk due to unviable Underground Mining operations, Cyber Security Risk, Competition risk from Commercial mining and renewables, Credit risk of receivables from PSUs, Operational Safety Risk arising out of mining Operations, Evacuation challenges for coal offtake and Technology upgradation and improvement of availability & utilization of HEMM.

45.WEBLINK

The following policies are uploaded and may be accessed on the Company's website as under: -

1. Corporate Social Responsibility Policy:

https://d3u7ubx0okog7j.cloudfront.net/documents/ CSR_Policy_w.e.f._08.04.2021.pdf

2. Vigil Mechanism/Whistle Blower Policy:

https://d3u7ubx0okog7j.cloudfront.net/documents/ whistle-blower-policy_TYEsLJw.pdf

3. Policy for determining Material Subsidiary:

https://d3u7ubx0okog7j.cloudfront.net/documents/ P O L I C Y _ F O R _ D E T E R M I N I N G _ M AT E R I A L _ SUBSIDIARIES_21032015.pdf

4. Related Party Transaction Policy:

https://d3u7ubx0okog7j.cloudfront.net/documents/ Related_Party_cOumNP8.pdf

5. Policy on determination of Materiality under SEBI(LODR) Regulations,2015

https://d3u7ubx0okog7j.cloudfront.net/documents/ Policy_on_determination_of__Materiality_under_ SEBI_LODR__Regulations_2015__030_CnX61Sk.PDF

6. Policy on Preservation of documents including Archival Policy under SEBI(LODR) Regulations 2015

https://d3u7ubx0okog7j.cloudfront.net/documents/ Policy_on_Preservation_of_documents_including_ Archival_Policy_under_SEBI_LODR__ZXTbKI6.pdf

7. Dividend Distribution Policy under SEBI (LODR) Regulations 2015

https://d3u7ubx0okog7j.cloudfront.net/documents/ Dividend_Distribution_policy_of_Coal_India_ Limited_25102017_QwCV1sY.pdf

8. Annual Return for the year 2022-23.

Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return as on March 31, 2023 is available on the Company's website on

https://d3u7ubx0okog7j.cloudfront.net/documents/ MGT-7.pdf

46. COMPANY CONFIRMS THE FOLLOWING: -

1. None of the Director is disqualified for appointment as per Section 164 of the Companies Act'2013.

2. Company has not issued any Equity share with differential voting rights, Sweat Equity shares and ESOP.

3. The Unclaimed Interim Dividend amount for the year 2015-16 amounting to H 1,61,82,451/- was transferred to IEPF Account on 4^th April, 2023. In addition, 32,520 shares in respect of which dividend remained unclaimed for the last 7 years had also been transferred to IEPF Account on 28.04.2023. The details are available in CIL website.

4. No Statutory, Secretarial, and Cost Auditors had resigned during the year 2022-23.

5. No relative of a director was appointed to place of profit.

6. As per Regulation 32(4) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 deviation of Proceeds of Public issue is not applicable to the company.

7. There is no deposit covered under Chapter V of Companies Act 2013.

8. There is no deposit, which is not under compliance of Chapter V of Companies Act 2013.

9. There is no change in the nature of business.

10. No Director is in receipt of any commission from Subsidiary companies in which he is a director.

11. Applicable Secretarial Standards, i.e. SS-1 and SS-2, relating to ‘Meetings of the Board of Directors' and ‘General Meetings', respectively, have been duly followed by the Company.

12. There are no Material changes in company business from the end of financial year 2022-23 till the date of this Board Report.

13. For the Financial year 2022-23, there has been no application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year alongwith their status as at the end of the financial year.

14. The details of difference between amount of the valuation done at the time of one-time settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof- Not applicable in CIL for the Financial Year 2022-23.

47.ADDITIONAL INFORMATION

1. Details in respect of frauds reported by Auditors under section 143(12) other than those which are reportable to the Central Government:

No such report of frauds as per Audit Report of Standalone as well as Consolidated Accounts has been received.

2. Material changes and commitments, if any, affecting the financial position of the company which have occurred between the end of the FY and the date of the report:

No such material changes and commitments occurred between the end of the FY and the date of the report which may affect the Standalone as well as consolidated financial position of the company.

3. The names of companies which have become or ceased to be its subsidiaries, joint ventures or associate companies during the year.

No new incorporation or any cessation of existing subsidiaries, joint ventures or associate companies occurred during the year.

48.ANNEXURES

The following are annexed:-

i) Profit of CIL & its Subsidiaries for 2022-23 vis-?-vis 2021-22 (Annexure 1).

ii) Subsidiary wise details of Dividend income of CIL Standalone (Annexure 2).

iii) The comments of the Comptroller and Auditor General of India on Standalone Financial Statements of Coal India Limited (Annexure 3).

iv) Auditors Report on the Standalone Financial Statements for the year ended 31^st March, 2023 including Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act") [Annexure 3(A)].

v) The comments of the Comptroller and Auditor General of India on Consolidated Financial Statements of Coal India Limited (Annexure 4).

vi) Auditors Report on the Consolidated Financial Statements for the year ended 31^st March, 2023 including Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act")[Annexure 4(A)].

vii) Subsidiary wise Coal Off-take. (Annexure 5)

viii) Sector-wise dispatch of coal & coal products.

(Annexure 6)

ix) Subsidiary wise details of Stock of Coal. (Annexure 7)

x) Subsidiary wise details of Trade Receivables.

(Annexure 8)

xi) Subsidiary-wise Statutory Levies paid during 2022-23.

(Annexure 9)

xii) Subsidiary-wise Coking & Non-coking production, Production from underground and opencast mines.

(Annexure 10)

xiii) Subsidiary-wise Washed Coal (Coking) Production.

(Annexure 10A) xiv) Subsidiary wise Overburden Removal. (Annexure 10B).

xv) Population of equipment. (Annexure 11)

xvi) Subsidiary wise details of Capital Expenditure.

(Annexure 12) xvii) Status of Project Implementation (Annexure 13) xviii)Safety performance. (Annexure 14) xix) Subsidiary wise manpower. (Annexure 15)

xx) Loan and Advances, Guarantees, Investments made by the company under Section 186(4) of the Companies Act'2013(Annexure 16).

xxi) Statement pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014) as on 31^st March, 2023. (Annexure 17).

xxii) Secretarial Audit Report under Section 204 of Companies Act 2013 and Secretarial Audit Report of Material Subsidiaries and Management Explanation.

(Annexure 18).

xxiii) Foreign Exchange Earning and Outgo under Rule 8 of Companies (Accounts) Rules 2014 (Annexure 19).

xxiv) Details about Technology Absorption and Research and Development of the Company (Annexure 20).

xxv) Disclosure as per Section 135 of the Companies Act 2013 on Corporate Social Responsibility (Annexure 21). xxvi) Significant and Material Orders passed by the Regulators or Courts etc. (Annexure 22).

xxvii) Corporate Governance Report. (Annexure 23)

49.ACKNOWLEDGEMENT:

The Board of Directors of your Company wishes to record their deep sense of appreciation for the sincere efforts put in by the employees of the Company and Trade Unions. Your Directors also gratefully acknowledge the co-operation, support and guidance extended to the Company by various Ministries of the Government of India in general and Ministry of Coal in particular, besides the State Governments. Your Directors also acknowledge with thanks the assistance and guidance rendered by Statutory Auditors, the Comptroller and Auditor General of India, Registrar of Companies, West Bengal, Secretarial Auditor and Cost Auditor and wishes to place on record their sincere thanks to Consumers for their continued patronage.

   

Coal India Ltd Company Background

Mallikharjuna Prasad PolavarapuMallikharjuna Prasad Polavarapu

Incorporation Year	1973
Registered Office	Coal Bhawan 3rd Floor Core-2,Plot AF-III New Town Rajarhat Kolkata,West Bengal-700156
Telephone	91-33-23245555,Managing Director
Fax	91-33-23246510
Company Secretary	BIJAY PRAKASH DUBEY
Auditor	Lodha & Co
Face Value	10
Market Lot	1
Listing	BSE,MSEI ,NSE,
Registrar	Alankit Assignments Ltd Alankit Heights ,1E/13 Jhandewalan Ex, ,New Delhi-110055

Coal India Ltd Company Management

Director Name	Director Designation	Year
Nirupama Kotru	Nominee (Govt)	2023
Vinay Ranjan	Director (Personnel)	2023
Arun Kumar Oraon	Non Official Director	2023
Makwana Poonambhai Kalabhai	Non Official Director	2023
Denesh Singh	Non Official Director	2023
G Nageswara Rao	Non Official Director	2023
B Rajeshchandar	Non Official Director	2023
B Veera Reddy	Director (Technical & MKTG)	2023
Kamesh Kant Acharya	Independent Director	2023
NAGA RAJU MADDIRALA	Nominee (Govt)	2023
Ghanshyam Singh Rathore	Independent Director	2023
DEBASISH NANDA	Director (Business Developmnt)	2023
Mukesh Choudhary	Director (Marketing)	2023
Mallikharjuna Prasad Polavarapu	Chairman & Managing Director	2023
BIJAY PRAKASH DUBEY	Company Sec. & Compli. Officer	2023

Coal India Ltd Listing Information

Listing Information
NIFTY
BSE_500
BSE_100
BSE_200
BSEDOLLEX
BSE_PSU
CNX500
BSEMETAL
CNXENERGY
CNX100
CNX_PSE
CNX200
CNXCOMMODI
CNXDIVIDEN
BSECARBONE
NFT100LQ15
CPSE
NIFTY50V20
BSECPSE
NFT100EQWT
BSEALLCAP
BSELARGECA
BSEENERGY
BSEMANUFAC
NFTQULTY30
SENSEX50
BSEBHARA22
LMI250
BSEDSI
BSEQUI
NFT50EQWT
BSE100LTMC
NFTYLM250
NFTY100ESG
NFTY200Q30
NFTYALV30
NFTY200M30
NF500M5025
NFTYTOTMKT
NFTY200A30

Coal India Ltd Finished Product

Product Name	Unit	Installed Capacity	Production Quantity	Sales Quantity	Sales Value
Service Charges	Rs.	0	0	0	716.93
Raw Coal	MT	0	0	0	313.05
Transportation Charges	NA	0	0	0	3.36
Evacuation Facility Charges	NA	0	0	0	2.95
Excise Duty	NA	0	0	0	0
Coal-issued for other purposes	NA	0	0	0	0
Levies	NA	0	0	0	0
Other Operating Income	NA	0	0	0	0
Other Recoveries	NA	0	0	0	0
Sales	NA	0	0	0	0
Unspecified	NA	0	0	0	0