With CIL continuing to invest in superior equipment and developing newer technologies for maintaining mines, it is all set to reduce its manpower per tonne of coal produced.
Coal India Ltd is the largest coal producer in the world with a production of 462 MT in FY14 and reserves of 80.9 BT. CIL accounts for approximately 80 per cent of the total coal produced in India, and virtually enjoys a monopoly in the domestic market. Although CIL sells coal at about 50 per cent discount to international prices, it has healthy EBIDTA margins of more than 20 per cent. Due to its size, CIL realises economies of scale in production, procurement and sales.
Key success factors
CIL benefits from favourable geographic and geological conditions as many of its coalfields have relatively thick flat-lying coal seams located at shallow depths, stable ground conditions, relatively simple geological structures and low stripping ratio which enables CIL to bring into operation large open cast mines within relatively short time frames and with relatively low investment. In addition, a majority of its raw coal production is from open cast mines where cost of production is significantly lower than in under¡ground mines due to favourable geo-economic conditions and lower employee and equipment cost.
According to S Bhattacharya, Chairman, CIL, as the government has set a target of 512 MT, the company is gearing up to meet this challenging target. Expansion projects are expected to contribute during the next three years.
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