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Payment and settlement systems are used for financial transactions in India. Covered by the Payment and Settlement Systems Act of 2007 (PSS Act), legislated in December 2007, they are regulated by the Reserve Bank of India (RBI) and the Board for Regulation and Supervision of Payment and Settlement Systems .
Coal India Limited (CIL) is an Indian public sector undertaking and the largest government-owned coal producer in the world. [4] [5] [6] Headquartered in Kolkata, it is under the administrative control of the Ministry of Coal, Government of India. [2] It accounts for around 82% of the total coal production in India. [7]
Coal Mines Provident Fund Organisation (CMPF) is an agency of the Indian government established in 1948 under The Coal Mines Provident Fund and Miscellaneous Provisions Act 1948. [1] It serves as the official pension fund of coal miners and is financed by coal producers on a per-tonne basis. [ 2 ]
The management of non-coking coal mines was taken over on 31 January 1973 and these were nationalised on 1 May 1973. Coal India Limited, a holding company, was formed in 1975, encompassing the entire coal industry. [6] In 2016–17, CIL produced 554.14 million tonnes of coal. It is the single-largest coal producer in the world.
South Eastern Coalfields Limited (SECL) is the largest coal producing company of India. It is a "Miniratna" Company, and one of eight fully owned subsidiaries of Coal India Limited. [1] [2] The company has its headquarter at Bilaspur, Chhattisgarh, India and 92 mines spread over Chhattisgarh & Madhya Pradesh; 70 underground, 21 opencast, and 1 ...
Central Coalfields Limited (CCL) is a subsidiary of Coal India Limited (CIL), an undertaking of the Government of India. CCL was established in 1956 as National Coal Development Corporation Limited and is a Category-I Mini Ratna company since October 2007. [4] [5] CCL
BCCL is the major producer of prime coking coal (raw and washed) in India. Medium coking coal is produced in its mines in Mohuda and Barakar areas. In addition to production of hard coke, BCCL operates washeries, sand gathering plants, a network of aerial ropeways for transport of sand, and a coal bed methane-based power plant in Moonidih.
Coal in India has been mined since 1774, and India is the second largest producer and consumer of coal after China, mining 997 million metric tons (1,099 million short tons) in FY 2023-24. Around 20% of coal is imported.