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company profile
Coal India Limited (CIL)
Gautam Kumar
September 12, 2020 10:09:16 AM
5 minutes
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Coal India Limited (CIL)
Coal
mining
in
India
had
primarily
been
a
private
sector
enterprise.
This
changed
in
September
1956
when
the
Government
of
India
established
its
own
coal
company
National
Coal
Development
Corporation
(NCDC).[19]
Collieries
run
by
the
Railways
formed
the
nucleus
of
NCDC.
This
was
to
fulfill
the
fast
growing
energy
requirements
in
the
country
to
support
rapid
industrialization
taking
place
through
5-year
Plans
of
the
Government.
In
the
same
year,
Singareni
Colliery
Company,
which
was
operating
in
Andhra
Pradesh
since
1920,
was
also
brought
under
government
control
when
the
Central
Government
and
Andhra
Pradesh
Government
acquired
its
45%
and
55%
shares
respectively
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