Reviving of Abandoned Mines
Coal India Ltd (CIL), will extract coal from 18 abandoned underground mines owned by three of its subsidiaries in partnership with private players. Underground mining would be revived in 6 abandoned mines of Eastern Coalfields, 8 mines of Bharat Coking Coal, and 4 mines of Central Coalfields. These 18 mines have an approximate reserve of 1.647 billion tons of coal.
CIL contributes around 85% of coal production in India. It is the largest company in the world in terms of coal production. It employs nearly 397,000 person and is the largest corporate employer in the country. It is one of the largest companies in the country, with turnover being around 386.31 billion in 2007-08. It is one of the largest tax payer (Corporate Tax 35.75 billion (US$650.65 million)) in 2007-08 and has paid Dividend of 17.054 billion (US$310.38 million) to the Govt. of India in 2007-08.
Read more about this topic: Coal India Limited
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