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Showing posts with label Central Coalfields Ltd. Show all posts
Showing posts with label Central Coalfields Ltd. Show all posts
India, the world's third largest producer of coal, imported 212.103 million tonnes (MT) of dry fuel worth over Rs. one lakh crores in the last fiscal, the highest ever in terms of value and quantity.

The coal imports in the financial year 2014-15 were at 212.103 MT, an increase of 27 percent over the previous year, the provisional coal statistics of 2014-15 released by the Coal Ministry said.

Of the 212.103 MT of coal (worth Rs. 104,524.1 crores), the non-coking coal import was 168.388 MT, while coking coal import was 43.715 MT, it said.

The coal import during 2013-14 was at 166.857 MT (Rs. 92,329.2 crores) while in 2012-13 it was 145.785 MT (Rs. 86,845.5 crores).
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In 2011-12, the country imported 102.853 MT (Rs. 78,837.6 crores) of coal while in 2010-11, the import stood at 68.918 MT (Rs. 41,549.6 crores).

In 2009-10, 73.255 MT of coal (Rs. 39,180.0 crores) was imported and in the previous fiscal 59.003 MT (Rs. 41,340.8 crores) of coal was imported.

Coal Secretary Mr. Anil Swarup said that coal imports dropped by 27.16 percent to 12.6 MT in September from a year-ago period on the back of rise in domestic production.

Coal India accounts for over 80 percent of the domes
tic coal production and is targeting one billion tonnes of coal production by 2019-20 fiscal.

The government had earlier said it was expecting that one billion tonnes output target will enable it to stop imports of thermal coal in two and a half years, which will soften pressures on current account deficit.

(Source – Assorted with the Inputs from PTI)

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The world's largest coal miner Coal India Ltd. (CIL) is planning to put in place a mechanism to monitor execution of mining projects that cost over Rs. 150 crores as the PSU behemoth eyes an output of one billion tonnes by 2020.

According to a Coal India (CIL) official, a tender document has been drafted by the PSU to set up an IT-enabled system to monitor and evaluate projects.

"Comments/suggestions have been invited from par-ties/agencies having experience in the field of draft tender," the official said, adding that a "meeting in this regard will also be held next month where suggestions will be taken into account for finalization of the notice inviting tender".

In the first phase, the monitoring and evaluation system will be set up for projects costing Rs. 150 crores or more, the official explained. The government has set an ambitious one billion tonnes of production tar-get for CIL by 2020. Coal India accounts for over 80 percent of the domestic coal output.

Coal and Power Minister Mr. Piyush Goyal had earlier said CIL will produce at least 50 million tonnes more coal in the current fiscal than the last financial year.
He had said that in the last fiscal, CIL added 32 mil-lion tonnes, more than the cumulative growth of four years. CIL achieved an output of 229.54 mt in the first six months of the current fiscal, missing its target of 235.49 mt.

Coal India's output target for the current fiscal stands at 550 mt as against the recorded figure of 494.23 mt last fiscal.

(Source – Assorted with the Inputs from PTI)

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Shri Gopal Singh, currently serving as the Chairman-cum-Managing Director of Central Coalfields Ltd., a subsidiary of Coal India Ltd. will take charge as Chairman and Managing Director of NMDC Ltd. from Shri Narendra Kothari following the required approvals and his retirement, as per our sources. His profile is appended below:

Shri Gopal Singh took charge as Chairman-cum-Managing Director (CMD) of Central Coalfields Limited on 1st March’ 2012 at Ranchi. Sri Singh also headed Central Mine Planning & Design Institute Limited (CMPDIL) as Chairman-cum-Managing Director (CMD) for sometime.

Before taking over as CMD CCL, Shri Singh had successfully shouldered varied higher responsibilities such as Director Technical (Project & Planning) of SECL, CGM Kusmunda Area, SECL, etc. His earlier assignments have bestowed on him a wide exposure of the Coal Sector and given him very extensive experience in managing corporate affairs.

Born at Rohtas on 21st January’ 1961, he graduated from prestigious Indian School of Mines, Dhanbad in 1981 and started his professional career as Mining Engineer at Rajrappa Area, CCL.

He has obtained degree of M. Tech in Opencast Mining and completed MBA with specialization in HRM. During the course of his service, he worked in different subsidiaries of CIL like CCL for 21 years and SECL for 7 years by holding different level of positions in the management hierarchy before joining as Director(Technical) of SECL. He was instrumental in capacity expansion of Kusmunda Opencast mines of SECL from 6.0 MTY to 10 MTY and then up to 15 MTY. He successfully led the operation of mega projects in SECL by implementing R&R Policy and the company achieved the highest production level of 112 MT with a record profit of Rs. 3777 crores (PBT) in FY 2010-11. SECL got the status of Mini Ratna Category-I company during his tenure as Director (Technical) at the company.

He is the recipient of several awards at company as well as at national level for his valuable contribution towards the strategic deployment and management of scarce resources and exemplary performance in driving the company in high profitability during his tenure in the coal industry. He is chairman of Design Team for Balance Score Card linked Performance Management System of CIL. He is associated with various professional bodies viz. IEI, MGMI, IMEJ. He underwent training in Japan under ‘Colombo Plan’ in 1998 and led senior managers’ team to China, USA & UK for technical study of mining activities during his stay at SECL.

His rich experience in Coal Industry for more than 30 years has intermingled into his charming personality smoothly. He is a firm believer in corporate intervention in the upliftment of society in and around the coalfields encompassing CSR and philanthropic activities. In his inaugural speech he has exhorted company managers for overall upliftment and improvement of living standards of people residing in and around the working fields of CCL. In his able guidance and vision, CCL is poised to be number one company in the Coal Industry.

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