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Coal India Ltd Mining / Minerals / Metals
BSE Code
533278
ISIN Demat
INE522F01014
Book Value
28.21
NSE Symbol
COALINDIA
Div & Yield %
1.28649
Market Cap (Rs Cr.)
191480.4534
P/E
23.26554
EPS
13.03
Face Value
10
COAL INDIA LIMITED

ANNUAL REPORT 2007-2008

DIRECTOR'S REPORT

To
The Members
Coal India Limited
Gentlemen,

On behalf of the Board of Directors, I have great pleasure in presenting to 
you,  the  Thirty-fifth  Annual Report of Coal India  Limited  and  Audited 
Accounts  for the year ended 31st March, 2008 together with the reports  of 
the  Statutory  Auditors and the Comptroller and Auditor General  of  India 
thereon. 

During the year the Company continued to have eight fully owned  Subsidiary 
Companies  viz.:  Eastern  Coalfields Limited  (ECL),  Bharat  Coking  Coal 
Limited  (BCCL),  Central  Coalfields  Limited  (CCL),  Western  Coalfields 
Limited (WCL), South Eastern Coalfields Limited (SECL), Northern Coalfields 
Limited (NCL), Mahanadi Coalfields Limited (MCL) and Central Mine  Planning 
& Design Institute Limited (CMPDIL).

The  mines  in Assam i.e. North Eastern Coalfields continue to  be  managed 
directly  by  Coal  India Limited. Similarly,  Dankuni  Coal  Complex  also 
continues to be on lease with South Eastern Coalfields Ltd. during the year 
under review.

Highlights of performance:

The  highlights  of  performance  of  Coal  India  Limited  including   its 
Subsidiaries  in the year 2007-08 compared to previous two years are  shown 
in the table below: 

                                      2007-08        2006-07        2005-06

Production (in million tonnes)         379.46         360.91         343.39

Off-take of Coal 
(in million tonnes)                    375.33         351.14         333.66

Sales (Gross) (Rs./Crores)           38865.70       35129.16      33,997.19

Gross Profit (Rs./Crores)             8888.39        8687.38        8879.38

Capital Employed (Rs./Crores)        17108.21       16223.74       12741.00

Net Worth (Rs./Crores)               19342.37       17889.30       14114.82

Profit before Tax (Rs./Crores)        8738.46        8602.46        8788.48

Profit after Tax (Rs./Crores)         5243.27        5708.73        5891.52

Gross Profit to Capital 
employed                               51.95%         53.55%         69.69%

Profit before Tax to Net Worth         45.18%         48.09%         62.26%

Coal Stock (Net) (in terms 
of No. of months Net Sales)              0.88           0.88           0.79

Sundry Debtors (Net) (in 
terms of No. of months 
Gross Sales)                             0.45           1.05           0.60

(The  above  financial position has been prepared as per  the  Consolidated 
Accounts (Accounting Standard (AS)-21). Since, non-recognition of  interest 
etc.  in Holding Company's Accounts, from one of its subsidiaries  (as  per 
Accounting  Standard-9) has been ignored in such consolidation  (to  comply 
with  provisions  of AS-21), the profit as well  as  related  corresponding 
figures shown above may be read with such deviation.)

2. FINANCIAL PERFORMANCE:

2.1 Financial Results:

CIL  and  its Subsidiaries have achieved collectively a pre-tax  profit  of 
Rs.8738.46  crores  in  the  year  2007-08  against  a  pre-tax  profit  of 
Rs.8602.46 crores in the year 2006-07.

Company-wise position with regard to profit (+) earned or loss (-) incurred 
during  the year under review vis-a-vis in 2006-07 are given in  the  table 
appended below: 

                                                          Figures in Crores

Company                                         2007-08             2006-07
                                      Profit(+)/Loss(-)   Profit(+)/Loss(-)

ECL                                         (-) 1026.66          (+) 118.12

BCCL                                          (+) 97.05           (+) 52.30

CCL                                         (+) 1035.25         (+) 1020.30

NCL                                         (+) 2763.75         (+) 2177.61

WCL                                          (+) 930.22         (+) 1054.44

SECL                                        (+) 2067.37         (+) 1777.83

MCL                                         (+) 2504.79         (+) 2081.39

CMPDIL                                         (+) 5.00            (+) 4.47

CIL/NEC.                                    (+) 2642.58         (+) 2864.84

Sub-Total                                  (+) 11019.35        (+) 11151.30

Less: Dividend from subsidiaries            (-) 2378.27         (-) 2629.08

Total                                       (+) 8641.08         (+) 8522.22

Adjustment for deferred Revenue
income(*)                                     (+) 97.38           (+) 80.24

Overall Profit as per 
Consolidation of Accounts                   (+) 8738.46         (+) 8602.46

(*)  Recognition of revenue in respect of interest claim and  apex  charges 
attributable  to  BCCL  in  years' account have been  deferred  by  CIL  in 
consistence with the provision of AS-9 of ICAI of Revenue Recognition. 

Note:  Profit  for  2007-08 are after taking into  account  the  impact  of 
Rs.1561.21crores on account of 15% hike in Basic and Dearness Allowance for 
NCWA-VIII for the period from 1.7.2006 to 31.3.2008.

2.2 Dividend Income and Pay Outs:

Dividend income of CIL accounted for during the year under review, based on 
the recommendations from five profit making subsidiaries namely, CCL,  NCL, 
WCL, SECL and MCL was Rs. 2378.27 crores as against dividend of Rs. 2629.08 
crores  in  previous  year, the Subsidiary-wise break-up of  which  are  as 
under: 

Name of the Subsidiary                                        Rs. in crores

CCL                                                                  244.40
                                                                   (291.40)

NCL                                                                  776.59
                                                                   (563.39)

WCL                                                                  296.00
                                                                   (388.76)

SECL                                                                 510.78
                                                                   (566.53)

MCL                                                                  550.50
                                                                   (819.00)

Figures in brackets are for previous year.

Your Directors recommended dividend payment of Rs.1705.42 crores @ Rs.270/- 
per share on 63163644 Equity Shares of Rs. 1000/- each fully paid valued at 
Rs. 6316.36 crores and payment of tax as applicable thereon.

3. Coal Marketing:

3.1(a) Sector-wise Off-take of Raw Coal:

Due to better availability of coal and various marketing strategies adopted 
in  current  fiscal,  total off-take of raw coal  had  improved  to  375.33 
million  tonnes  from 351.14 million tonnes clocked in last year  -  up  by 
6.89%.   Off-take   for  the  year  had  been  97.3%  of   annual   target. 
Meterialization  could  have been even better but  for  limited  indigenous 
coking  coal availability resulting in less dispatch of coal to  integrated 
steel  plant,  less acceptance of coal by Fertilizer  plants.  Mismatch  in 
rolling stock availability in comparison to rate of production during  peak 
production  months affected off-take and despatch to various  sectors.  The 
had resulted in accumulation in pithead stock at the end of the year.

Sector-wise break-up of off-take for 2007-08 against target and last year's 
actual is given below:

                                                  (Figs. in million tonnes)

Sector                       2007-08             2006-07         Growth
                                                             over last year

                    Target  off-take   % Satn.    Actual      Abs.        %

Power (Util)        279.40    280.15    100.27    262.14     18.01     6.87
Raw Coal*

Steel**              11.78     10.01     84.97      9.85      0.16     1.62

Cement               10.95      9.45     86.30      9.36      0.09     0.96

Fertilizer            2.65      2.47     93.21      2.44      0.03     1.23

Export                0.02      0.01     50.00         0      0.01        -

BRK/Others           80.16     72.48     93.42     66.51      5.97     8.98

Colliery 
Consumption           0.94      0.76     80.85      0.84     -0.08    -9.52

Total Off-take      385.90    375.33     97.26    351.14     24.19     6.89

*  :includes coking and non-coking coal feed to washery and Bina  Deshaling 
Plant for beneficiation.

** :includes coking coal feed to washeries, direct feed, blendable to steel 
plants, coke ovens, private cokeries and NLW coal to cokeries.

3.1(b) Company-wise Raw Coal Off-take:

Company-wise  target vis-a-vis actual off-take for 2007-08 and 2006-07  are 
shown below:

                                                  Figures in Million Tonnes

                         2007-08             2006-07        Growth over
                                                             last year

Company       Target   Achieved         %   Achieved   Absolute           %
                                 Achieved 
ECL            33.41      25.44     76.14      29.79      -4.35      -14.60

BCCL           26.00      24.09     92.65      24.10      -0.01       -0.04

CCL            44.00      42.04     95.55      38.68       3.36        8.69

NCL            58.00      59.02    101.76      52.62        6.4       12.16

WCL            42.94      44.90    104.56      42.17       2.73        6.47

SECL           91.50      95.00    103.83      86.17       8.83       10.25

MCL            88.00      83.64     95.05      76.43       7.21        9.43

NEC             2.05       1.20     58.54       1.18       0.02        1.69

CIL as 
a whole       385.90     375.33     97.26     351.14      24.19        6.89

Barring  ECL and BCCL, all other coal companies have shown positive  growth 
in  off-take  during 2007-08. In case of NCL, WCL and SECL,  off-take  even 
surpassed the target. In case of ECL, off-take has been less mainly due  to 
shortfall  in  targeted production by about 9 mill tonne  because  of  land 
acquisition  problem  at Rajmahal and delay in  executing  new  outsourcing 
patches.  However, off-take exceeded production resulting in  depletion  in 
stock  by  about  1  mill  tonne. Similarly, in  case  of  NEC  also,  less 
production by about 1 mill tonne compared to target reduced the chances  of 
better   off-take  despite  same  being  more  than  production.   Frequent 
obstruction  of transportation of coal to the siding by villagers on  local 
issues coupled with political unrest affected off-take both at MCL and CCL.

3.2 Despatches of Coal and Coal Products by various modes:

Despatches  of  coal and coal products during 2007-08 were  371.90  mt,  an 
increase of 6.93% over last year when despatch was 347.80 mt. Despatches of 
coal and coal products by various modes for the year 2007-08 together  with 
2006-07are given below: 

                                                  Figures in Million Tonnes

Year             Rail      Road       MGR      Belt       Rope      Overall

2007-08        204.84     72.87     81.02      7.36       5.81       371.90

2006-07        195.63     60.38     78.82      7.14       5.83       347.80

Increase/
Decrease         9.21     12.49      2.20      0.22      -0.02        24.10

Growth %         4.71     20.69      2.79      3.08      -0.34         6.93

3.3 Wagon Loading:

Wagon  loading registered a growth of 2.23% to 22417 wagons per day  during 
the  year against 21928 wagons/day in 2006-07. However, in terms of  actual 
haulage, growth achieved during the year had been 4.7%. Company-wise target 
vis-a-vis loading in 2007-08 and performance of 2006-07 is given below:

                                                        Figures in FWWs/Day

Company               2007-08               2006-07         Growth over 
                                                             last year
          Target   Achieved           %    Achieved   Absolute         %age
                               Achieved

ECL         1870       1627       87.01        2005       -378       -18.85
BCCL        2482       2389       96.25        2407        -18        -0.75
CCL         3828       3717       97.10        3402        315         9.26
NCL         1477       1792      121.33        1469        323        21.99
WCL         2378       2489      104.67        2557        -68        -2.66
SECL        4603       4719      102.52        4631         88         1.90
MCL         6046       5563       92.01        5342        221         4.14
NEC          199        121       60.80         115          6         5.22
CIL       22883       22417       97.96       21928        489         2.23

3.4 Consumer satisfaction:

i)  Coal India Ltd. and its subsidiaries are meeting the burgeoning  demand 
of  coal  attuned  to  GDP  and Industrial  growth.  It  has  attained  the 
production  level  of 379.46 MT in 2007-08, which is to go up to  405.0  MT 
during 2008-09. The corresponding raw coal off take is required to increase 
to 405.0 MT from a level of 375.33 Mt. Even with inadequate  infrastructure 
for  faster  coal  evacuation,  CIL has so far been  able  to  fulfill  its 
commitments  as no thermal plant has ever suffered generation loss  due  to 
short  supply of coal of desired quality. Thermal power plants account  for 
74.79% of total despatch of CIL.

ii) CIL has adopted various measures to ensure supply of assured quality of 
coal to consumers. Quality Management starts right at the coalface so as to 
improve  upon over all quality of coal despatches. Attempts have also  been 
made to improve upon crushing, handling, loading & transport system. 

iii) CIL has built up coal handling plants capacity of about 259.77 MT  per 
annum so as to maximise despatches of crushed/sized coal to the  consumers. 
In  addition,  the  washeries  at  BCCL,  CCL,  WCL  &  NCL  have  adequate 
crushing/sizing  facilities  to the tune of about 39.4  million  tonnes  in 
their system for generation of different washery products. Further, MCL has 
successfully introduced the system of size-reduction of coal to (-) 100  mm 
and other coal companies have also planned to crush/size coal to (-) 100 mm 
in phases.

iv)  However, complaints are received from various power houses  mainly  on 
account  of supply of oversized coal and presence of  extraneous  materials 
leading  to,  as  reported, various breakdowns in the  unloading  and  coal 
handling  system  at  the power stations end. The problem  caused  by  such 
eventuality is of major concern for the power stations. The issue needs  to 
be addressed for which it is essential that an overall performance of  100% 
sizing  be  achieved during the current financial year  i.e.  2008-09.  The 
companies,  which need to take action on priority, are ECL, BCCL,  CCL  and 
SECL where complaints are frequently received regarding oversized coal  and 
extraneous materials.

v)  Measures like picking of shale/stone, selective mining by  conventional 
mode   as   well   as  by  surface   miners,   adopting   proper   blasting 
procedure/technique for reducing the possibility of admixture of coal  with 
over-burden materials, improved fragmentation of coal etc. are being  taken 
for improving coal quality.

vi)  Surface  Miners for selective mining at some of the  mines  have  been 
deployed by CIL to improve quality of coal mined. Action is being taken for 
deployment of more surface miners in other mines where Geo-mining condition 
permits. Already 32 nos. of Surface Miners have been deployed in MCL,CCL  & 
SECL at open cast mines and are working satisfactorily. 

vii) Engagement of independent 3rd party sampling agencies and adoption  of 
joint sampling system are already in vogue for major consuming sectors e.g. 
power  (utilities  as well as captive), steel, cement, sponge  iron  taking 
more  than  90% coal of total production from coal  companies.  On  overall 
basis,  core  sector and major non-core sector  consumers  (having  minimum 
commitment  of 0.4 MTPA and having FSA) have been covered to the extent  of 
99.25% of total despatches eligible for sampling, out of which about 70.00% 
is  covered  under joint sampling arrangement and about  30.00%  under  3rd 
party sampling arrangement. The achievement of grade conformity in  respect 

of  3rd  party and joint sampling has been to the tune of  86.3%  &  92.20% 
respectively  in  respect  of  supplies to  power  sector  during  2007-08. 
Consumers,  covered under agreed sampling arrangement, are required to  pay 
as per the analysed grade of coal. This system is working satisfactorily.

viii) Electronic weighbridges with the facility of electronic printout have 
been  installed at rail loading points to ensure that coal  despatches  are 
made  only  after proper weighment, for this purpose  Coal  Companies  have 
installed 169 weighbridges in the Railway Sidings and 415 weighbridges  for 
weighment   of  trucks.  Coal  Companies  have  also  taken   actions   for 
installation of standby weighbridges to ensure 100% weighment.

During  2007-08, about 98.41% of coal despatches to power-houses have  been 
weighed  as  compared to about 98.15% during the year 2006-07.  Sized  coal 
despatches  to  powerhouses during 2007-08 had been 97.25% as  compared  to 
about 97.29% during the year 2006-07.

3.5 Steps Taken towards Liberal Marketing of Coal:

After  E-Auction  scheme  was withdrawn from  December,  2006,  an  interim 
arrangement  was put in place, pending formulation of a new policy  by  the 
Government  through a committee under the Chairmanship of Secretary  (Coal) 
as per order of Apex Court.

As  per interim arrangement, during the current year, the sale of coal  was 
made to different segments of buyers in the following manner:

(a)  Linked  core sector consumers to continue getting coal  in  accordance 
with linkages/FSAs at the notified prices. 

(b) Linked non-core sector consumers as well as Central and State nominated 
agencies distributing coal to small and tiny consumers would get coal up to 
their Maximum Permissible Quantities (MPQ)/the allotted quantities at  120% 
of the notified prices.

(c)   E-booking'  of  coal  for  any  buyer'  needing  coal  either   for 
selfconsumption or for trading at 130% of the notified prices. 

During  the  intervening period, it was noted that  Linked  consumers  were 
reluctant  to pay 20% above notified for their supply as other core  sector 
consumers  like sponge iron, paper, aluminum were paying  notified  prices. 
Consumers  participating in e-Booking were finding it difficult to bid  due 
to congestion of server, misuse of IDs by bombarding servers by few buyers. 
NCCF/State  Agencies  were expressing their difficulties  to  get  adequate 
buyers with requirement 500 tonne per annum for which they were not drawing 
adequate  quantity.  Further supplying coal at 120% of notified  price  was 
also standing as deterrent.

MOC  came  out  with a policy on 18.10.07 based on  recommendation  of  the 
committee, the salient features of which are as under:

*  Core-Non Core classification to be done away with New Classification  to 
be done keeping in view the regulatory provision.

* Defence & Railway to get full requirement at notified price.

*  Power  (Including  CPP) & Fertilizer Sector to  get  100%  of  normative 
requirement through FSA at fixed price

* All other to get 75% of normative requirement through FSA. 

* Small & Medium Enterprise Sector having requirement up to 4200MT per year 
to  get coal from Agencies to be nominated by States/Uts.  State  Nominated 
Agencies to sign FSA with coal companies.

* All existing linkage holders required to execute FSA for continuation  of 
coal supply.

*  For  new commitments to Power, Cement and Sponge Iron sectors -  CIL  to 
issue LOA after approval of application by the SLC(LT).

* For other sector, CIL will be responsible for issuance of LOA. 

*  LOA  will  have  validity for 24/12  months  for  Power/other  consumers 
respectively.

*  LOAs to be converted to enforceable FSAs after completion of  stipulated 
milestones/conditions within the given time.

*  CIL,  to  meet  full domestic requirement of coal  under  FSA,  even  by 
resorting to import, if feasible.

* Fresh e-auction to introduce for providing source to consumers  otherwise 
unable to procure from the available institutional mechanism.

* 10% of the annual Qty to be earmarked for e-auction

*  Forward  e-auction scheme for industrial consumer to be  introduced  for 
ensuring long term requirement.

NCDP  was  implemented  by CIL. E-auction Scheme 2007  for  Spot  sale  was 
implemented  for  Spot sale of coal from November, 2007.  During  November, 
2007  to  March, 2008, quantity offered under E-auction was  17.49  million 
tonnes  against which quantity allocated was 15.57 million tonnes.  Forward 
scheme for E-auction for supply over a long period has also been  finalized 
and notified. 

FSA  was  also  developed  for  all  existing  linked  consumers  with  the 
assistance  of M/s. CRISIL. - A Business Advisory Group and circulated  for 
implementation. The same was also placed on the Website. Individual Letters 
was  also issued by Coal Companies/CIL advising their linked  consumers  to 
execute FSA at the earliest. 

LOA's  were  also developed in consultation with Business Advisory  -  M/s. 
CRISIL.  Letters offering LOAs were issued to the units cleared by  SLC(LT) 
requesting  them to deposit commitment guarantee (CG) so that LOAs  can  be 
issued forthwith. 

Model  LOAs  for  all the units under SLC(LT)  sector  were  developed  and 
conveyed  to  units  concerned  apart from uploading  it  on  he  company's 
websites.  No of consumers who were issued notices inviting  commitment  of 
bank  guarantee works out to 471 (Power utility-32, Cement-44, CPP-165  and 
Sponge iron-230)

3.6 Stock of Coal, Coke etc.:

Net  adjusted value of the pithead stock of coal and other products at  the 
close of the year 2007-08 after provision for stock deterioration etc.  was 
Rs. 2381.24 crores which was equivalent to 0.88 months' value of net sales. 
The Company-wise position of stocks held on 31.3.2008 and on 31.3.2007  are 
given below: 

                                                            (Rs. in Crores)

Company           Net value of    Net value of     Stock in terms of No. of
                   stock as on     stock as on           months Net sales
                       31.3.08         31.3.07
                                                        As on         As on
                                                      31.3.08       31.3.07

ECL                     209.22          294.95           0.79          1.01
BCCL                    483.52          434.04           1.96          1.81
CCL                     858.04          682.68           2.36          2.10
NCL                      75.65           39.52           0.17          0.10
WCL                     231.38          286.28           0.57          0.78
SECL                    252.10          240.54           0.42          0.46
MCL                     262.16          169.95           0.72          0.55
CIL/NEC                   9.17           22.37           0.47          1.10
Total                  2381.24         2170.33           0.88          0.88

3.7 Coal Sales Dues:

Net  Coal  Sales  dues  outstanding as  on  31.3.2008  after  providing  of 
Rs.1191.04  crores (previous year Rs. 1355.16 crores) for bad and  doubtful 
debts,  was Rs. 1456.43 crores (previous year Rs. 1461.85 crores) which  is 
equivalent to 0.45 months combined gross sales of CIL as a whole  (previous 
year  0.50 months). Subsidiary-wise break up of coal sale dues  outstanding 
as on 31.3.2008 as against 31.3.2007 are shown below:

                                                            (Rs. in Crores)

Company                    Coal Sales dues              Coal Sales dues
                           As on 31.3.2008              As on 31.3.2007

                         Gross            Net          Gross            Net

ECL                     450.26         269.84         480.71         266.99
BCCL                    310.51          51.44         447.84          86.17
CCL                     847.68         541.31         777.19         472.17
NCL                      57.08          51.83          63.32          50.53
WCL                     325.46         126.02         401.88         238.14
SECL                    439.04         276.41         461.99         259.05
MCL                    2647.47         139.58         173.30          88.79
CIL/NEC                  10.77           0.00          10.78           0.01
Total:                 2647.47        1456.43        2817.01        1461.85

3.8  Payment  of Royalty, Cess and Sales-tax, Stowing Excise Duty  &  Entry 
Tax.:

During the year 2007-08, CIL and its Subsidiaries paid/adjusted  Rs.5999.28 
Crores (previous year Rs. 5381.65 crores) towards Royalty, Cess,  Sales-tax 
and other levies as detailed below:-

                                                      Figures in Rs./Crores

                                                    2007-08         2006-07

Royalty                                             3602.23         2935.77
Cess                                                 697.75          812.69
Sales-tax                                           1287.64         1343.35
Stowing Ex. Duty                                     375.00          259.66
Entry Tax                                             36.66           30.18
Total                                               5999.28         5381.65

4. Coal Production:

4.1 Raw coal production:

Production of raw coal during 2007-08 was 379.46 million tonnes as  against 
360.91  million tonnes produced in 2006-07. The company-wise production  is 
given below:

                                                (Figures in million tonnes)

Company        Coking               Non-coking                Total

          2007-08    2006-07    2007-08     2006-07     2007-08     2006-07

ECL          0.04       0.08      24.02       30.39       24.06       30.47
BCCL        12.01      11.10      13.21       13.10       25.22       24.20
CCL         13.29      12.17      30.86       29.15       44.15       41.32
NCL             -          -      59.62       52.16       59.62       52.16
WCL          0.67       0.77      42.84       42.44       43.51       43.21
SECL         0.16       0.16      93.63       88.34       93.79       88.50
MCL             -          -      88.01       80.00       88.01       80.00
NEC             -          -       1.10        1.05        1.10        1.05
Total       26.17      24.28     353.29      336.63      379.46      360.91

4.2 Production from underground and open cast mines:

Coal  production from underground mines in 2007-08 was 43.54million  tonnes 
as  compared to 43.32 million tonnes produced in 2006-07.  Production  from 
open cast mines during 2007-08 was 88.5% of total coal production. Company-
wise production is as under:

                                                (Figures in Million tonnes)

Company        Underground          Opencast             Total production
               production           production 

          2007-08    2006-07    2007-08     2006-07     2007-08     2006-07

ECL          8.32       8.27      15.74       22.20       24.06       30.47
BCCL         4.47       4.90      20.75       19.30       25.22       24.20
CCL          1.83       1.96      42.32       39.36       44.15       41.32
NCL             -          -      59.62       52.16       59.62       52.16
WCL          9.98       9.91      33.53       33.30       43.51       43.21
SECL        16.73      16.20      77.06       72.30       93.79       88.50
MCL          2.12       1.97      85.89       78.03       88.01       80.00
NEC          0.09       0.11       1.01        0.94        1.10        1.05
Total       43.54      43.32     335.92      317.59      379.46      360.91

4.3 Hard Coke and Washed Coal (Coking) Production:

Subsidiary-wise  production of Hard coke and Washed coal (coking) is  given 
below:-

                                                     Figures in lakh tonnes

Company                       Hard coke                Washed coal (Coking)

                        2007-08       2006-07        2007-08        2006-07

ECL                           -             -              -              -
BCCL                       0.14          0.25          16.62          16.60
CCL                           -             -          18.38          18.25
NCL                           -             -              -              -
WCL                           -             -           3.31           3.27
SECL                          -             -              -              -
MCL                           -             -              -              -
NEC                           -             -              -              -
Total                      0.14          0.25          38.31          38.12

4.4 Overburden Removal:

Overburden  removed  during  2007-08 was 607.56  million  cubic  metres  as 
against 537.65 million cubic metres achieved in 2006-07, recording a growth 
of 13.0%. 

Company-wise the details of overburden removal are shown below:

                         (Figures in Million Cu. Mtrs.)

Company                       2007-08           2006-07

ECL                             39.98             48.78
BCCL                            50.61             46.25
CCL                             55.21             45.89
NCL                            186.25            139.60
WCL                            113.89            106.33
SECL                           100.64             87.27
MCL                             54.56             55.47
NEC                              6.42              8.06
Total                          607.56            537.65

5. Population of Equipment:

The  population of major opencast equipment as on 1.4.2008 and on  1.4.2007 
along   with  their  performance  status  in  terms  of  availability   and 
utilisation expressed as percentage of CMPDIL norms is tabulated below: 

Equipment      No. of Equipment          Indicated as % of CMPDIL norms

                                      Availability           Utilisation
                As on     As on
             1.4.2008  1.4.2007   2007-08    2006-07    2007-08     2006-07

Dragline           41        41        98        100        104         107
Shovel            687       686        90         91         83          84
Dumper           3240      3364        99        100         70          72
Dozer             998       989        92         92         60          61
Drill             670       696        96         96         73          75

(2007-08 has been reported on 330 working days per annum while reporting of 
2006-07 was partly on 330 and partly on 300 working days per annum basis.)

6. Capacity Utilisation:

The overall capacity utilisation of CIL as a whole for the year 2007-08 has 
been  93.82%. It was 96.97% during 2006-07. Subsidiary-wise details are  as 
under: 

Company             2007-08        2006-07

ECL                   72.79         114.40
BCCL                  91.42          86.22
CCL                   95.70          82.36
NCL                   94.89          90.18
WCL                  100.50          93.70
SECL                 102.14         111.79
MCL                   93.14         106.76
NEC                   45.16          97.97
CIL (overall)         93.82          96.97

7. Productivity: Output per Manshift (OMS):

Output per manshift (OMS) during 2007-08 improved to 3.79 tonnes from  3.54 
tonnes  of previous year. Company-wise position is given in  the  following 
table: 

                                                        (Figures in Tonnes)

Company       U/G production        OC production              Overall

           2007-08   2006-07    2007-08     2006-07     2007-08     2006-07

ECL           0.43      0.42       5.04        7.03        1.07        1.34
BCCL          0.42      0.44       3.08        3.07        1.18        1.15
CCL           0.39      0.40       4.66        4.03        3.22        2.81
NCL              -         -      13.81       10.97       13.81       10.97
WCL           1.11      1.09       4.06        4.07        2.52        2.50
SECL          1.19      1.14      14.30       13.38        4.83        4.53
MCL           1.18      1.16      23.57       23.48       16.19       15.93
NEC           0.20      0.23       8.09        7.42        1.88        1.70
Total         0.73      0.71       8.60        8.00        3.79        3.54

8. Projects:

8.1 Project Formulation:

During the year 2007-08, preparation of project reports for  new/expansion/ 
reorganisation  mines for building of additional coal  production  capacity 
was  carried  out  as  per  prioritisation  of  coal  producing  subsidiary 
companies of Coal India Ltd. Thrust was given for preparation of reports of 
XI Plan Projects.

In addition to above, the following jobs were also undertaken:

* Revision of project reports/cost estimates.

* Feasibility reports for coking/non-coking coal washeries.

* Study on improvement/modernisation of existing BCCL washeries.

* Operational plans for large OC mines.

* Environmental Management Plan (EMP).

* Reports for dealing with fire.

* Detailed design and drawings, NIT, tender scrutiny etc.

* Mine capacity assessment of underground & opencast mines of CIL.

* Various technical studies relating to operation of opencast & underground 
mines.

*  Performance  analysis  of HEMM operating in OC  mines,  Powered  Support 
Longwall  faces  and  intermediate technology using SDLs and  LHDs  in  CIL 
mines.

*  Preparation  of Global bid documents for introduction  of  Longwall  and 
Continuous Miner Technology in underground mines of CIL.

During the year 2007-08, expert consultancy services were also provided  by 
CMPDIL to the other subsidiary companies of Coal India Ltd. in the field of 
Environmental  Management  and  Monitoring, Remote  Sensing,  Energy  Audit 
(Diesel & Electrical), Bench marking of Diesel & Electrical Consumption and 
Fixation  of  Diesel  &  Electrical  Consumption  Norms  of  Opencast   and 
Underground  mines,  Physico-Mechanical  Tests on Rock  and  Coal  samples, 
Subsidence   Studies,  Strata  Control,  Non-Destructive   Testing   (NDT), 
Controlled  Blasting  &  Vibration  Studies  and  Explosives   Utilisation, 
Ventilation/Gas  Survey  of UG mines, Mining Electronics,  Petrography  and 
Cleat  Study on coal samples, Coal Core processing & Analysis,  Washability 
tests, Structural Adequacy Study of CHP, OBR Survey, Normative Cost of sand 
stowing etc.

During the year under review, CMPDIL has prepared 264 reports in all, which 
include  17 Geological Reports, 30 Project Report/Revised Project  Reports, 
10  Operation Plans, 146 Other Reports and 61 Environment Management  Plans 
(including Form-I). 

8.2 Project Implementation:

During the year 2007-08, no project costing Rs. 20 crores & above has  been 
completed.

Status of Ongoing Projects:

Presently,  100mining  and 7 non-mining projects, costing Rs. 20  crores  & 
above,  are  under implementation. Out of 100 mining projects,  82  are  on 
schedule and 18 are delayed.

Out of 7 non-mining projects, 3 are on schedule, 4 are delayed.

Reasons of delay:

Mining (18 nos):

Reasons for delay                                           No. of projects

1. Adverse geo-mining condition.                                    4

2. Project could not be completed due 
to less expenditure, as per completion 
criteria.                                                           1

3. Land acquisition problems                                        6

4. Miscellaneous reasons including change 
of mining technology.                                               7

Non-mining (4 nos):

Reasons for delay                                           No. of projects

1. Land acquisition & rehabilitation problems                       3

2. Delay in construction of residential houses by
implementing agency                                                 1

8.3 Project Sanctioned (Costing Rs. 20 crores & above):

(a) During 2007-08, the Government sanctioned 1 project:

Cos  Sl. No.  Name of Projects         Type       Sanctioned     Sanctioned
                                                    Capacity        Capital
                                                       (MTY)      (Rs. Crs)

NCL  1        Nigahi Expn.             OC        5.00 (Incr)         259.40
              (Phase-II) 
              (15 MTY) 

(b) During 2007-08, CIL Board sanctioned 2 mining projects.

Cos  Sl. No.  Name of Projects         Type       Sanctioned     Sanctioned
                                                    Capacity        Capital
                                                       (MTY)      (Rs. Crs)

ECL  1        Chitra East (2.5 MTY)     OC       1.30 (Incr)         112.69
CCL  2        Churi-Benti (0.81)        UG       0.65 (Incr)         145.44

(c)  During 2007-08 Company Boards sanctioned PRS for 12 mining and 1  non-
mining project:

Mining Projects:

Company       Name of Project           Type     Sanctioned      Sanctioned
                                                capacity in      capital in
                                                        mty     Rs. Crores.

1. CCL        Ashoka Expansion          OC            10.00          341.63

2. CCL        Noth Urimari              OC             3.00          179.87

3. WCL        Junad Extension           OC             0.60           38.76

4. WCL        Bhatadih Expansion        OC             0.65           99.68

5. WCL        Durgapur Deep Extension   OC             2.00           42.98

6. SECL       Mahamaya Augmentation     UG             0.48           90.48

7. MCL        Bhubaneswari Expension    OC            20.00          490.10

8. MCL        Kaniha Expansion          OC            10.00          457.77

9. MCL        Samleswari Expansion      OC      2.00 (Incr)           87.95
              (5 MTY)

10. MCL       Balaram Extension         OC             8.00          172.08

11. MCL       Gopal Prasad              OC            15.00          395.87

12. MCL       Talabira II & III         OC            20.00          447.72

Non-mining Projects:

Company       Name of Project           Type     Sanctioned      Sanctioned
                                                capacity in      capital in
                                                        mty     Rs. Crores.

1. MCL        Railway Infrastructure    -                 -          465.09
              - Gopalpur Track, 
              Ib Valley

8.4 Revised Project Report/Revised Cost Estimates:

a) RPR/RCEs sanctioned by Government during 2007-08:

No RPR/RCE has been sanctioned by Govt. during 2007-08

b) RPR/RCEs sanctioned by CIL during 2007-08:

No RPR/RCE has been sanctioned by CIL during 2007-08.

c) RPR/RCEs sanctioned by Company Boards during 2007-08:

Company       Name of Project           Type     Sanctioned      Sanctioned
                                                capacity in      capital in
                                                        mty     Rs. Crores.

1. SECL       Chhal (RPR)               OC             3.00           50.38
2. SECL       Kanchan (RPR)             OC             0.65           26.01
3. SECL       Saraipalli (RCE)          OC             1.40           42.89

9. Capital Expenditure:

Overall  capital  expenditure  during 2007-08 was  Rs.  2033.51  crores  as 
against  Rs.2059.69  crores in previous year,  subsidiary-wise  details  of 
which are given below: 

                                                      Figures in Rs./Crores

Company                        2007-08                       2006-07

                         (BE)           Actual          (BE)         Actual

ECL                    298.29           161.79        250.00         154.32
BCCL                   250.00           133.82        300.00         196.94
CCL                    400.00           297.84        465.00         302.86
NCL                    400.00           404.71        600.00         352.31
WCL                    241.50           176.05        231.50         227.01
SECL                   492.35           560.42        750.00         539.16
MCL                    350.00           276.16        425.00         266.88
CMPDIL.                 10.00             5.83          7.00           3.14
CIL/NEC/Other           30.00            16.89         35.20          17.07
Total:                2472.14          2033.51       3063.70        2059.69

10. Capital Structure:

The authorised share capital of the company as on 31.3.2008 was Rs. 8904.18 
crores, distributed between Equity and Non-cumulative redeemable preference 
shares as under:

i) 90,41,800 Non-cumulative
10% redeemable preference shares                          Rs. 904.18 Crores
of Rs. 1000/- each

ii) 8,00,00,000 Equity Shares
of Rs. 1000/- each                                       Rs. 8000.00 Crores

                                                         Rs. 8904.18 Crores

The  paid-up  equity capital as on 31.3.2008 was Rs.  6316.36  crores,  all 
issued  in  favour of the Government of India, which  includes  Rs.  256.93 
crores worth of Equity Shares issued towards value of land acquired.

Total investment by the Government of India in CIL and its subsidiaries  as 
on  31.3.2008 was Rs. 6316.36 crores as against Rs. 6316.36 crores  in  the 
previous year as detailed below:

                                                              Rs. in Crores

                                                    As on             As on
                                                31.3.2008         31.3.2007

Share Capital - Equity                            6316.36           6316.36
Loan (including Interest accrued & due)              0.00              0.00

Total:                                            6316.36           6316.36

11. Borrowings:

Aggregate  borrowings  of  CIL  (excluding repayment of  Loan  to  GOI)  as 
mentioned  above has reduced to Rs. 1675.67 Crores in 2007-08 from  1836.06 
crores in 2006-07 as detailed below:

                                                            (Rs. In crores)

Particulars                                        2007-08          2006-07

Foreign Loans including deferred credits:

                     2007-08      2006-07

IBRD/JBIC            1510.83      1646.10          1664.36          1824.95
EDC Canada            137.26       153.99
CME China              16.27        24.86
Deferred Payments                                    11.11            10.93
Total                                              1675.67          1836.06

12. Foreign Collaboration:

Coal India is looking for foreign collaboration with a view to:

*  Bringing  in  proven technologies and  advanced  management  skills  for 
running under-ground (UG) and open-cast (OC) mines and coal preparation.

* Exploration and exploitation of Coal bed methane.

*  Locating over-sea countries interested in joint venture in the field  of 
coal mining with special thrust on coking coal mining.

*  Exploring  financial  assistance  for  import  of  equipment  and  other 
investment needs of Coal Industry.

Keeping the above objectives in view, discussions are being held from  time 
to time with various countries like United Kingdom, Russia, Germany, United 
States, China, France, Poland, Australia, Japan etc. to identify the  areas 
of  mutual  cooperation  for  India  in general  and  Coal  India  Ltd.  in 
particular. 

The  important  areas  identified  include  modern  technologies  for  mass 
production in both under-ground and open-cast mining, dealing with fire and 
subsidence, mine safety, coal preparation, extraction of Coal bed  Methane, 
coal   gasification,  application  of  Geographical   Information   system, 
environmental control, overseas ventures in coal mining. Besides the  above 
emphasis is being given to transfer of modern technologies, and training.

While   CIL   would  endeavor  to  acquire  suitable   technology   through 
international bidding on risk/gain sharing basis, bilateral cooperation may 
also  be encouraged for locating availability of cost effective and  latest 
technologies  in  the  aforesaid  area, if  the  technology  proves  to  be 
discernibly  advantageous.  CIL therefore, has been  following  both  these 
routes, in its subsidiary companies, albeit in varied measures.

Indo-Russian Collaboration:

The  third meeting of Russian Indian Working Group on Metallurgy and  Mines 
of the Russian - Indian Inter Governmental Commission for Trade,  Economic, 
Scientific,  Technical  &  Cultural Cooperation was held  on  11th  &  12th 
September 2007 at Moscow. During the meeting the Russian side showed  their 
interest  for participating in tenders for design and construction of  coal 
mines  in  India. Russian side informed that they will intimate  about  the 
tenders  in  Russia  to facilitate India to participate in  the  same.  The 
Russian  side  desired  that the MOU could be signed  between  the  Russian 
company Giproshakht and CMPDIL by the end of 2007. It expected constructive 
proposals  from  CMPDIL  with  regard  to  the  rate  of  reimbursement  to 
specialist. The matter is being looked into.

Indo-China Collaboration:

The  11th meeting was held in April, 2007 to review the progress  made  and 
identify  further  areas  of  cooperation. During  the  meeting  the  items 
discussed  were  Manufacturing  of spare parts in  India,  Short  long-wall 
equipment for Balrampur project of SECL, Foreclosure of Deferred  Guarantee 
payment  (DPG)  issued by SBI to CMEI&E towards three sets of long  -  wall 
equipment of SECL, Hard Roof Management Techniques for Churcha West Mine of 
SECL,  Retraining  and  rehabilitation of  mining  workers,  Resin  Capsule 
Manufacturing,  Technology for deep shaft sinking, Development of Coal  Bed 
Methane, Underground Coal gasification, Co-operation in capacity  building, 
Coal  Liquefaction, Investment Opportunities, Authentication of the  Mining 
equipment between the two sides, Seminar on Coal Mining, Coal Mines Safety, 
Technology and equipment.

Chinese side presented the new items - Long term visa, OTR Tyres:

The  Indian side proposed Feasibility of co-operation in the area of  over-
ground  Coal gasification, Possibility of setting up of a plant for  making 
resin  capsules  and  cuttable roof bolts in India,  Application  of  laser 
technology  in  blasting and maintenance of equipment (power  and  mining), 
Cooperation  in  identification of coal blocks suitable  for  induction  of 
long-wall technology, High pressure water jet technology for  extinguishing 
mine fires and for excavation.

Both sides agreed that the Task Force will meet more frequently in order to 
ensure  a more coordinated follow up action on decisions taken in the  Task 
Force and Joint Working Group Meetings.

For OTR tyres, a team of CIL officers visited China and studied the details 
of production process and quality control. The Committee that visited China 
has  submitted  their  report.  Action is being  taken  in  line  with  the 
recommendations of the committee. 

Indo-Polish Collaboration:

Consequent  to  previous  discussions, a MOU has  been  signed  giving  the 
modalities of further discussion on subjects of mutual interest. 

MOC,  has  vide  letter  dated 28th September,  2006  communicated  that  a 
discussion  was  held between Hon'ble Minister of  Commerce  and  Industry, 
Govt. of India with Hon'ble Minister of Economy, Republic of Poland on 19th 
May, 2006.

During  the  meeting,  the Polish Minister  (EM)  expressed  his  country's 
interest  in  assisting India in the power sector. He further  stated  that 
coking  coal  sector in Poland was likely to be opened up  by  the  present 
Govt. of Poland. Hon'ble India Minister (CIM) hinted a co-operation in  the 
areas of working deep mines and coal gasification. 

Indo-Australia Collaboration:

The  5th  meeting  of  Indo-Australia joint Working  Group  on  Energy  and 
Minerals  held  was held at Canberra, Australia on 2-3 July  2007.  In  the 
protocol signed, under the head Coal, it was reported that Indian Companies 
report  no  significant barrier or constraints to trade and  investment  in 
Australia apart from shortage of skilled labour and some mineral inputs.

Significant   impediments  remain  for  trade  and  investment  in   India, 
particularly  high  WTO  bindings for tariffs  on  many  products,  onerous 
requirement on foreign companies with existing or former joint ventures  in 
Indian market, Delays and unpredictable cost due to actions of sub-national 
governments  and  high costs associated with inefficient  custom  clearance 
system.  Australia  and  India agreed to support further  work  to  develop 
industry  collaboration  on mining technology services  and  equipment  and 
export  opportunities  - under the frame work of Australia  India  Resource 
strategy  and/or  as part of broader Asia Pacific Partnership  strategy  in 
relation to sustainable use of fossil fuels.

CIL's  interest  for  investment in coal business  in  Australia  has  been 
communicated  a  number  of  times to  the  Australian  Federal  Government 
(through  Invest  Australia) and State Government of new  South  Wales  and 
Queensland.  The  matter was again raised during the visit of CIL  team  to 
Australia  in  Feb.'07.  The  state Government of  these  two  states  were 
requested  to  allocate blocks on nomination basis. On  this  request,  the 
Department  of  Geology and Mineral resources of both the  States  informed 
that  no  coking coal block has been left for  allocation.  However,  there 
could be some allocation of non-coking coal blocks, but those too could  be 
only  through  competitive bidding. The CIL Team also  offered  to  certain 
major  Australian  Companies, the opportunities  for  exchanging  resources 
position in their respective countries. Request has been made to Australian 
Government  to  take  up the matter with major  Australian  coal  companies 
having  metallurgical  coal resources and motivate them for  alliance  with 
CIL.  CIL is also willing to allow the Australian Coal Companies for  Joint 
venture opportunities in India in whatever form found mutually suitable.

Indo-Japan Collaboration:

The meeting of India-Japan Energy Dialogue was held on 16th January,  2007. 
In  the above meeting, CIL suggested the items like Coal Mine Safety,  Coal 
beneficiation, Coal up gradation for low rank coal, Coal gasification, Coal 
liquifaction,   CBM/CMM  utilization,  instrumentation  in  the  areas   of 
communication,  environment monitoring, prediction of strata behavior  etc. 
for cooperation under proposed Indo-Japan Working Groups and also requested 
to apprise of the action taken in this regard. 

Japan -India Energy Dialogue working group meeting was held on 28-6-2007 in 
a seminar form.

Joint  Secretary (Coal), MOC, held a meeting in February, 2008 to  consider 
the  proposals  to be taken up in the next Indo-Japan  Coal  Working  Group 
Meeting. The issues emerging from this meeting include:

* Feasibility study for applying coal washing technology on Indian coal  by 
NEDO has been completed. It has been decided to intimate a model project.

* Expansion of training programme by NEDO through launch of small exclusive 
module for Indian trainees under Clean Coal Technology project.

*  Institutionalization of information exchange on coal mining safety  with 
specific   reference   to  underground  wireless   communications,   rescue 
operations,  instrumentation and monitoring systems for mine  gases,  fires 
etc. 

These  issues  would  be taken up in the next meeting  of  Indo-Japan  Coal 

Group. 

Indo South Africa Cooperation:

A  working group has been formed for cooperation under the  co-chairmanship 
of Secretary, Ministry of Coal, from Indian Side and Director General (Coal 
&  Mines) from South African side. Chairman, CIL and the DGMS are also  the 
members of the group. 

Areas under which discussions are to be taken up in the forthcoming meeting 
of  the Working Group include Mechanisation of Board and Pillar  System  of 
Mining,  Benefaction of coal, Technology for conversion from coal  to  oil, 
Hard  roof  Management  Techniques,  Technology  for  deep  shaft  sinking, 
Development of CBM, Underground coal gasification, Cooperation in  capacity 
building  specially  in  under  ground  mines,  High  pressure  water   jet 
technology  for extinguishing mine fires and excavation, Identification  of 
coal blocks to be worked jointly in Africa & India, Seminar on coal Mining, 
coal mines safety, technology & equipment and Improvement of Mine Safety. 

Asia pacific partnership:

Seven  countries  Australia, China, India, Japan, The  Republic  of  Korea, 
United  States  of America and Canada of the Asia  Pacific  Partnership  on 
Clean  Development  and Climate have decided to cooperate in  he  increased 
energy  needs  and associated challenges, including those  related  to  air 
pollution, energy security and greenhouse gas intensities. The  Partnership 
has  established eight task forces in key sectors. Coal Mining  Task  Force 
(CMTF) is one of these Task Forces.

The  3rd CMTF meeting was held in Stamboat Springs, Colorado, USA in  June, 
2007 to review the progress made against each identified projects. This was 
followed  by  a  3  days workshop on  Coal  Beneficiation  and  Waste  Coal 
management,  held at IICM, Ranchi, India. The 4th CMTF meeting was held  in 
Beijing, China in November, 2007, where apart from review of projects,  the 
action  plan for holding two days CMTF Sustainable Development Workshop  on 
'Mine  Rehabilitation, Closure and Completion' to be held at  Kolkata  from 
18-19th April, 2008 was finalized. 

Two R&D projects (i) Development of a Coal Preparation Plant Simulator  and 
(ii) Cost effective technology for beneficiation and recovery of Fine coal, 
under  CMTF  has  been approved by R&D Board of CIL. CMPDIL  is  the  nodal 
agency for implementation of these R&D projects.

13. World Bank financed Projects:

The net utilisation of loan as disbursed by IBRD and JBIC is to the tune of 
USD 245.73 million and JPY 28,440.82 million respectively, for  procurement 
of  equipment  and technical assistance under  Coal  Sector  Rehabilitation 
Project  (CSRP).  The disbursement for funding of procurement by  IBRD  and 
JBIC  was completed in December 2003. As such, there was no  withdrawal  of 
loan since January 2004. With the repayment of loan of USD 59.53 million to 
IBRD and JPY 9,479.00 million to JBIC till 2007-08, the total CSRP loan  as 
on 31st March, 2008 stands at USD 186.20 million (equivalent to Rs.  746.86 
Crores) to IBRD and JPY 18961.82 million (equivalent to Rs. 763.97  Crores) 
to  JBIC. Thus, a total amount of Rs. 1,510.83 Crore is  lying  outstanding 
under CSRP Loan as on 31st March 2008.

14. Master Plan for dealing with fire, subsidence & Rehabilitation:

Master  Plan  for  dealing with fire, subsidence &  Rehabilitation  in  the 
leasehold  area  of BCCL and ECL have been prepared by CMPDI  in  1999  and 
subsequently  updated  in 2004. MOC in a review has advised to  modify  the 
Master Plan on a total period of 10(ten) years instead of 20 years and that 
all  the  proposed  stabilisation  sites are to  be  considered  for  total 
resettlement. Accordingly, the Master Plan has been modified and CIL  Board 
approved  it in Feb'07 and it was sent to MOC. Nodal agencies have  already 
been  formed  by  the concerned State Government for  the  resettlement  of 
people  at Ranigunj and Jharia affected areas. These are  Asansol  Durgapur 
Development   Authority  (ADDA)  of  West  Bengal  Government  and   Jharia 
Rehabilitation Development Authority (JRDA) of Jharkhand Government.

The Resettlement & Rehabilitation package for the Raniganj Coalfield  areas 
have  been principally approved by Government of West Bengal  in  November, 
2007. JRDA has proposed for a revised R&R package for Non-BCCL people in  a 
meeting held on 5.3.2008.

15. Environmental Management:

Environmental  Mitigatory measures and corrective actions are  being  taken 
for air, water and noise pollution, effect on hydrology, land and soil etc. 
to  create environmental friendly mining for sustainable growth.  Level  of 
pollutions  are being monitored and kept within the allowable  limits.  The 
mitigatory  measures, apart from others include dust suppression  in  mines 
through  fixed  and mobile water sprinklers, Oil and Grease  Traps  in  the 
workshops,  Sedimentation  ponds for mine  discharges,  Effluent  Treatment 
Plants  (ETPs)  for workshops/CHPs/washeries, Domestic  Effluent  Treatment 
Plants (DEPTs) to deal with the domestic effluents etc.

Technical  and  Biological  reclamation  of the mined  out  areas  and  the 
external  overburden  dumps is a major  environmental  mitigatory  measures 
taken up by Coal India. 

Reclamation  of  the mined out areas by dumping fly ash from  nearby  power 
plants into mine voids is also a significant step taken by CIL. Action plan 
for  monitoring  of mine closure and land use pattern, for OC  project  and 
major coalfields by remote sensing application has been taken up by CIL.

In addition to the above, steps have been taken to prepare EMPs of all  new 
projects  basd  on  the highest level of production  achievable  from  that 
project. Also for small projects of such mines with mining lease boundaries 
lying in close vicinity, steps have been taken to develop common EMPs for a 
block/cluster of projects. 

16.  Coal Bed Methane (CBM) /Coal Mine Methane (CMM) and  Underground  Coal 
Gasification (UCG).:

16.1 UNDP/Global Environment Facility (GEF) - GOI Project - Coalbed Methane 
Recovery and Commercial Utilisation:

A  demonstration  project named 'Coalbed Methane  Recovery  and  Commercial 
utilisation' has been taken up by the Government of India in  collaboration 
with   United  Nations  Development  Programme  (UNDP)/Global   Environment 
Facility (GEF) at Moonidih and Sudamdih Mines of Bharat Coking Coal Limited 
in Jharia coalfield. The project document was prepared by expert engaged by 
UNDP.  The project was sanctioned at an estimated cost of Rs. 76.85  crores 
(USD 18.082 million) by Govt. of India in September, 1999 with the  project 
duration  of 5 years. Ministry of Coal approved the Revised  Cost  Estimate 
(RCE)  June'2004 in August, 2006 for Rs. 92.427 crores with the  completion 
schedule  December, 2007. Central Mine Planning & Design Institute  Limited 
(CMPDI) and Bharat Coking Coal Limited (BCCL) are the implementing agencies 
on behalf of GOI.

During  the year 2007-08, following activities have been undertaken or  are 
in progress:

i) Time Extension:

Status  of  field  activities was reviewed in  the  9th  National  Steering 
Committee (NSC) meeting held on 29th November'07, wherein it was agreed  to 
extend the project up to December '08 in its existing form, and  thereafter 
it  shall remain a Govt. of India S&T Project for completion  of  remaining 
objectives. Ministry of Finance, Department of Economics Affairs issued its 
no objection' to the extension of the project till December, 2008. In  the 
2nd  Technical sub committee of SSRC, it was agreed to extend  the  project 
duration by two years i.e. upto December, 2009 as recommended by the NSC.

ii) International CBM recovery Equipment procurement under UNIDO: 

All the major equipment packages for surface drilling under procurement  by 
UNIDO  have arrived. The major equipment packages for underground  drilling 
have  been  ordered.  Horizontal  Beam  Based  Long  hole  Drill  has  been 
delivered. Steering Tool for underground drill unit was ordered in July '07 
by UNIDO and is under testing by the manufacturer before shipment to site.

iii) Laboratory Equipment under procurement by CIMFR:

Three   laboratory   equipment  viz.  Field   Desorption   Apparatus,   Gas 
Chromatography System upgrade and the Mobile Field Desorption Laboratory on 
the  chassis,  procured  at  the project  cost,  have  been  installed  and 
commissioned  at  CIMFR. Procurement of 4th Lab equipment  i.e.  Absorption 
Isotherm Apparatus (New) is in the process of procurement by CIMFR.

iv) CBM Utilisation equipment:

To demonstrate the utilisation through recovered CBM/CMM, 1 MW (250KW x  4) 
CBM  gas-based  Power  Generating equipment at  Moonidih  mine,  have  been 
delivered. Installation is being taken-up. Compressor and Fuelling  Station 
Unit  were  ordered  by  CMPDIL  in  July'07.  Pre-despatch  inspection  at 
supplier's end of Gas Compression and re-fuelling station was completed  in 
February'08  and  unit  has arrived at site  in  March'08.  Procurement  of 
Conversion Kits for mine trucks/tippers is under tendering.

v) Site activities at Moonidih:

Two vertical CBM wells drilled down to depth of 1059m & 1071m and developed 
for  production well with 5-1/2' casing. Hermetical test with 4500 psi  has 
been  completed  for  both drilled CBM wells  in  October'07.  Geo-physical 
Logging  & Perforation have been completed. Hydrofracturing jobs  in  three 
potential  coal  zones  in  both the drilled  wells  have  been  completed. 
Cleaning of sand by circulation completed in CBM 10 well and in CBM 4, sand 
cleaning by BCCL work-over Rig is in progress. 

PC  Pump  installation  and commissioning was  undertaken  by  supplier  in 
November,  2007 in the 2nd well. Testing of PC pump commenced on 3rd  March 
2008. Civil work for 3rd CBM well site has been completed. 

Gas  Pipe  Line  laying to connect two vertical wells  and  gas  collection 
center  has been completed at Moonidih. Foundation for Gas  generator  sets 
and Gas Gathering Centre completed.

Demonstration of power generation will be conducted on receipt of  Moonidih 
Mine CBM Fuel Gas Control Unit (Package 6A-part) which has been ordered  by 
UNIDO and is expected to be delivered in April '08.

vi) Field activities at Sudamdih:

For functionality test, one underground drainage hole of 86m at an angle of 
35x and second hole of 114m at an angle of 30x from same point was  drilled 
with Beam Based Long Hole Drill (Underground) in seam XV at Sudamdih  Shaft 
mine.  Both  the  drilled holes were plugged with  safety  valve  which  is 
judiciously opened in every shift to drain out the gas from these holes  by 
Sudamdih mine personnel.

Underground drilling will commence after receipt of Steering tool  (Package 
4B).  On receipt of Steering Tool and DGMS permission, Drilling Expert  and 
DBT  Engineers  and IDS Engineer will be organizing  training  for  project 
personnel to undertake underground drilling and training.

Gas  pipeline  laying on surface has been completed. After  obtaining  DGMS 
permission  for  use of Fusion machine  underground,  underground  pipeline 
laying  will  be undertaken. HDPE pipes shifted in underground  to  connect 
underground  will to Gas collection center for demonstration of CBM gas  as 
fuel  in converted mine trucks. Pre-despatch inspection of Gas  Compression 
and  re-fuelling station completed in February'08 and the unit has  arrived 
at site in March 2008.

The  required  equipment Package 6A for CMM/CBM Fuel Gas Control  Unit  for 
Sudamdih to recover gas from underground & surface and CMM Fuel Gas Control 
Unit for Moonidih to recover gas from underground mine is being re-tendered 
by UNIDO.

16.2  Collaborative  development of CBM prospects in  Jharia  and  Raniganj 
Coalfields by the consortium of CIL and ONGC.:

In terms of Govt. of India CBM policy, consortium of CIL and ONGC has  been 
allotted  2  blocks  -  one each in  Raniganj  and  Jharia  Coalfields  for 
development of coal bed methane. In this project, CMPDI is the implementing 
agency on behalf of CIL. 

16.3 Jharia CBM Block: The Govt. of Jharkhand granted Petroleum Exploration  
License  (PEL) to the consortium in August 2003 for Jharia CBM  block.  The 
drilling  of  slimholes  commenced  on 30th December 2004  and  all  the  8 
slimholes  were completed in July 2006 involving 8703.65m of drilling.  CBM 
related  tests  were  carried out by CIMFR while other  chemical  and  geo-
engineering  tests  were  carried out at  CMPDI  laboratory.  Petrophysical 
studies were carried out at the laboratory of IRS(ONGC), Ahmedabad.

A report based on slimhole drilling carried out by CMPDI and other drilling 
data of ONGC and CBM/other test results has been prepared and submitted  to 
ONGC   in  February,  2008.  ONGC  took  up  exploratory   and   horizontal 
multilateral in-seam drilling in the block in association with CMPDI.

16.4  Raniganj  CBM  Block:  The Govt. of  West  Bengal  granted  Petroleum 
Exploration License (PEL) for Raniganj CBM block on 9.6.2004. The  drilling 
of  slimholes  commenced on 23rd March, 2006 and all the 8  slimholes  have 
been completed in November, 2007 involving 7853.50m of drilling. A total of 
2479.00m  has  been  drilled  in the  block  during  2007-08.  The  samples 
grenerated in the slimholes have been sent to labs of CIMFR for  generation 
of  CBM specific data and CMPDI labs for chemical and Geoengineering  data. 
Work has been taken up for preparation of report based on slimhole drilling 
and other available data. ONGC has taken up drilling of exploratory well in 
the block in association with CMPDI.

16.5 CBM Related Studies under promotional Exploration during X Plan.: 

A  Project  proposal for taking up Assessment of Coalbed  Methane  Gas-in-
Place   Resource'  through  boreholes  being  drilled   under   promotional 
exploration  during  XI Plan Period being funded by Govt. of India  with  a 
total plan expenditure of Rs. 8.59 crores has been submitted. A total of 50 
boreholes  (30  by  CMPDI and 20 by GSI) are proposed to be  taken  up  for 
studies.

During  2007-08, 6 boreholes located in different coal/lignite fields  were 
taken up for studies and samples collected for desorption and other tests. 

16.6   Preparation  of  CBM  Data  Package  for  Directorate   General   of 
Hydrocarbons (DGH):

Directorate  General  of  Hydrocarbons  (DGH)  has  awarded  the  work   of 
Preparation of data dossiers on 8 prospective CBM blocks for 4th round  of 
Global  bidding' to CMPDI in March, 2008 at a cost of Rs. 3.91  crore.  The 
work for preparation of data dossiers has been taken up. 

16.7  Project  proposal for assessment of CMM potential  related  to  large 
Opencast Mines:

Project  proposals  for assessment of CMM Potential related to  large  open 
cast  mines  in  Moher  Sub Basin of NCL.  Singaruli  Coalfield  and  Korba 
Coalfield have been approved by NCL and SECL respectively. Action has  been 
taken  for  generation of CBM specified data through slimhole  drilling  in 
both the coalfields. 

16.8 Establishment of CBM/CMM Clearing House in Inida.:

An  MOU  was  signed between ministry of Coal, Govt. of  India  and  united 
States  Environmental  Protection Agency (USEPA) on  16th  November'06  for 
establishment of CBM/CMM Clearing House in India. The clearing house is  to 
be established at CMPDI, Ranchi, as per the decision of MOC.

Detailed  discussions  on modalities of functioning of the  clearing  house 
were taken up with USEPA team, which visited CMPDI, Ranchi from 22.1.08  to 
24.1.2008. Follow up actions are being taken.

17.  Generation of UCG specific additional data for Kasta  Block,  Raniganj 
Coalfield, initiated after receipt of approval from CIL.:

CIL  has entered into an MOU with ONGC to jointly pursue UCG projects.  For 
selection of suitable block for pilot scale studies, data packages for five 
prospective blocks had been prepared by CMPDI and submitted to ONGC. Soviet 
consultants appointed by ONGC evaluated the data packages and suggested for 
generation  of additional data in Kasta Block for further studies.  As  per 
requirement  of Soviet consultant, generation of hydro-geological data  has 
started  in  Kasta block in December 2007 and work has been  taken  up  for 
generation of other additional data. 

17.1 Identification of Coal/Lignite Blocks for UCG.:

CMPDI  along with GSI, SCCL and NLC has prepared preliminary  criteria  for 
selection  of suitable coal reserves for UCG application in line  with  the 
decision taken by MOC. CMPDI has also been entrusted with identification of 
suitable coal/lignite blocks in consultation with GSI, SCCL and NLC,  which 
can be offered for public/private participation for development of UCG.

Five nos. of lignite blocks have been identified for the development of UCG 
and communicated to MOC and identification of other UCG blocks in coalfield 
areas is under progress.

18. Geological Exploration & Drilling:

CMPDI  continued to carry out its coal exploration activities  in  2007-08. 
The  thrust  areas, however, were detailed exploration of CIL  and  non-CIL 
blocks.  Exploration  in  CIL blocks was taken up to  cater  the  needs  of 
project   planning/production  support  of  subsidiaries  of  CIL   whereas 
exploration  in  Non-CIL/Captive mining blocks was taken up  to  facilitate 
allotment of coal blocks to prospective entrepreneurs for captive mining. A 
nominal  amount of Promotional (regional) exploration was also taken up  to 
identify  new  coal  resources.  Ministry of Coal  is  providing  fund  for 
exploration  in Non-CIL and Promotional blocks whereas subsidiaries of  CIL 
meet expenses of exploration in CIL blocks.

CMPDI  deployed  its departmental resources for exploration  of  CIL/  Non-
CIL/Promotional/CBM  blocks.  Apart  from it, services  of  Directorate  of 
Geology & Mining of the State Govts. of MP & Orissa and MECL were  utilised 
for nominal amount of drilling in CIL areas.

In 2007-08, CMPDI and its contractual agencies took up exploratory drilling 
in 73 blocks/mines spread over 17 coalfields. These coalfields are Raniganj 
(5 blocks/mines), North Karanpura (3), South Karanpura (1), E. Bokaro  (2), 
W.  Bokaro (4), Ramgarh (1), Tawa Valley/Pathakhera (3), Pench Kanhan  (7), 
Kamptee  (2),  Wardha  (11), Sohagpur (14), Mand Raigarh  (1),  Korba  (4), 
Bisrampur (2), Singrauli (4), Talcher (6) and Ib Valley (3). Out of such 73 
blocks/mines,  9 were Non-CIL/Captive blocks, 4 Promotional blocks  and  60 
CIL  blocks/mines. Departmental drills of CMPDI took up exploration  in  58 
blocks/mines   whereas  drilling  in  15  block/mines  was  undertaken   by 
contractual agencies.

The   overall  performance  of  exploratory  drilling  by  CMPDI  and   its 
contractual agencies in 2007-08 is given below: 

Agency               Annual        Agency-wise Performance of      Achieved
                     Target       Exploratory Drilling During       2006-07
                    2007-08                  2007-08                (metre)
                 BE (metre)
                                 Achieved          %    +/- (m)
                                      (m)  Achieved.

CMPDIL              1,92,000     2,01,850        105    (+)9850    1,98,496

MECL             Unscheduled        1,071          -    (+)1071         715 

State Govts:            5000        6,280        126    (+)1280       6,535

Private Party:

For NE region          3,000            -          -    (-)3000           -

Total               2,00,000     2,09,201        105   (+)9,201    2,05,746

The departmental drilling of 2,01,850 metre includes 1,53,707 metre in  CIL 
blocks,  45,151 metre in Non-CIL/Captive Mining Blocks and 2,992  metre  in 
Promotional blocks. The Directorate of Geology of State Govt. and MECL have 
taken up drilling in CIL blocks only.

In 2007-08, CMPDI achieved its departmental and overall drilling target  by 
105% in each case. The performance of departmental drilling was better than 
previous year by 3,354 metre with 1.7% growth. The average productivity  of 
operational  drills of CMPDI was 374m/drill/month for the year. DGM  (Govt. 
of Chhattisgarh) did not take up the work during the year.

18.1 Geological Reports:

A  total of 17 Geological Reports were prepared in 2007-08 on the basis  of 
detailed  exploration conducted in previous years. Out of it, 1 report  was 
for a Non- CIL/Captive Mining blocks and remaining for CIL blocks. 

Out of above 17 GRs, twelve have upgraded 2.51 Billion Tonnes of  resources 
to  proved  category besides estimating 0.68 Billion  Tonnes  in  indicated 
category.  The resources of other 5 reports were largely  re-assessment  of 
earlier GRs of CMPDI.

19. OUTSIDE CONSULTANCY SERVICES:

During  the  year  2007-08,  38 consultancy  jobs  were  completed  for  29 
organisations outside CIL. Some of the major clients/organisations for whom 
jobs were completed are Steel Authority of India Ltd., Chhattisgarh Mineral 
Development  Corporation Ltd., Neyveli Lignite Corporation  Ltd.,  National 
Thermal Power Corporation Ltd., Central Pollution Control Board, Tata Steel 
Ltd., Singareni Collieries Company Ltd., Indian School of Mines etc.

Presently,  23  outside consultancy jobs are in hand for  14  organisations 
like  Directorate General of Hydrocarbons, Steel Authority of  India  Ltd., 
Tata  Steel  Ltd.,  Neyveli Lignite Corporation  Ltd.,  Chhattisgarh  State 
Electricity   Board.  National  Aluminium  Company  Ltd.,   Haryana   Power 
Generation  Corporation  Ltd.,  HINDALCO,  Central  Electricity  Authority, 
Orissa Mining Corporation, Gujarat Mineral development Corporation, Mahaguj 
Collieries Ltd., etc.

During  the 2007-08, 43 jobs worth Rs. 10.32 crores from  33  organisations 
were procured by CMPDI.

20. Research and Development Projects.:

20.1 R&D Projects under S&T Grant of Ministry of Coal:

The  R&D  activities in Coal sector is administered through  an  apex  body 
namely, Standing Scientific Research Committee (SSRC) with Secretary (Coal) 
as its Chairman. 

The other members of this apex body include Chairman of CIL, CMDs of CMPDI, 
SCCL  and NLC, Director of concerned CSIR laboratories, representatives  of 
Department of S&T, Planning Commission and educational institutions,  among 
others.  The  main  functions of SSRC are to plan,  programme,  budget  and 
oversee  the implementations of research projects and seek  application  of 
the findings of the R&D work done. 

The  SSRC  is being assisted by a Technical sub-committees headed  by  CMD, 
CMPDI.  The  committee  deals  with  research  proposals  related  to  coal 
exploration, mining, mine safety, coal beneficiation & utilization and also 
the project proposals on mine environment and reclamation.

CMPDI acts as the Nodal Agency for co-ordination of research activities  in 
the  coal  sector,  which involves identification  of  Thrust  Areas'  for 
research  activities,  identification of agencies, which can  take  up  the 
research  work  in  the identified fields,  processing  the  proposals  for 
Government  approval,  monitoring  the progress of  implementation  of  the 
projects, preparation of budget estimates, disbursement of funds etc.

20.2 Physical performance:

During the X Plan Period, a total of 51 projects were completed by  various 
agencies.

The status of Coal S&T Projects in the XI Plan period is as under:

i) Projects on-going as on 1.4.2007             - 36
ii) Projects sanctioned by GOI during 2007-08   - 09
iii) Projects completed during 2007-08          - 10
iv) Project terminated during 2007-08           - 01
iv) Projects on-going as on 1.4.2008            - 34

Following Coal S&T projects were completed during 2007-08:

i)  Optimisation of pillar parameters for development and final  extraction 
of highly inclined seams at SCCL mines.

ii) Development of support guidelines for depillaring panels in Indian coal 
mines.

iii)  Effect  of  production  blasts on  ground  water  and  geo  technical 
properties on pit-wall and dump stability in open pit coal mines.

iv) A study on effect of underground blasting on surface structures  vis-a-
vis standardization of blast vibration damage threshold.

v) Model studies on the efficiency of gravity blind back filling method and 
evaluation of a pre-jamming indication parameters.

vi)  Development  of process/technique for potential  utilization  of  less 
matured non-coking coal for making hard coke by utilizing stamp charging.

vii)  Development of a process for the production of activated carbon  from 
Neyveli Lignite.

viii) Development of cost effective high performance highway using fly  ash 
composite.

ix) Studies on the impact of atmospheric biotic/abiotic particulates on the 
environment of Jharia Coalfield and their abatement strategies. 

x) Studies on the use of Bottom slag in corp production.

20.3 Financial Status:

Budget provisions vis-a-vis actual fund disbursement during the period  are 
given below:

                              (Rs. in Crores)

   2006-07                     2007-08

RE        Actual           RE          Actual

6.00        8.09        12.86           12.48

20.4 CIL R&D Projects:

For  in-house  R&D work of CIL, R&D Board headed by Chairman, CIL  is  also 
functioning.  CMPDI acts as the Nodal Agency for co-ordination of  research 
activities funded by CIL R&D Board. So far, 34 projects have been taken  up 
under  the  funds  of CIL R&D Board, out of which  22  projects  have  been 
completed.

The status of CIL R&D Board Projects during 2007-08 was as follows:

i) Projects on-going as on 1.4.2007       - 15
ii) Projects Sanctioned during 2007-08    - Nil
iii) Projects completed during 2007-08    - 03
iv) Projects on-going as on 1.4.2008      - 12

The disbursement of fund for R&D jobs during the year 2007-08 was Rs. 11.08 
crores.

21. Telecommunication System:

Continued efforts in updating the communication networks and implementation 
of  various IT solutions are being made by CIL and Subsidiary Companies  to 
excel  in  productivity,  sales and  marketing,  management  of  operation, 
utilization  of  human  resources and achieve  optimum  efficiency  in  the 
backdrop of rapidly changing events of the industry. The following  actions 
have been undertaken by Telecom Division.

i) Provisioning of High Speed Internet over LAN at CIL(HQ) & CIL(Mkt.)  has 
already  been  made and up gradation of LAN is under  completion  stage.  A 
centralized mail and messaging system along with proper Network security is 
also expected to be commissioned soon. 

ii) In order to enhance the operational efficiency of large opencast  mines 
of  the  different  subsidiaries a GPS  based  Operator  Independent  Trunk 
Despatch System (OITDS) is going to be implemented with high speed data and 
voice  connectivity along with GUI display. The scrutiny of the offers  has 
been carried out and the same is under approval stage.

iii)  The  Order has been placed for installation  of  state-of-the-art  IP 
based  EPABX  with support of convergent technology (using voice  and  data 
through  same  backbone) as a replacement of old Hotline exchange  at  Coal 
Bhawan  and 15, Part Street office. The system is expected to  be  instlled 
and  commissioned shortly. Subsequently it will be extended  to  Subsidiary 
Companies and Areas for convergent Voice, Video and Data application.

iv)  M/s. Deloitte has been appointed as a Consultant for formation  of  IT 
policy  and  drawing  up  the  scheme  for  a  converged  IT  Network  from 
Project/Mine  up  to CIL level with connectivity of  public  portal.  After 
getting  information  from different  subsidiary  Companies,  communication 
scheme will be drawn for extending vice facilities and data connectivity in 
an integrated manner from Project, Mine, Regional stores, Workshops etc. to 
Area office, Subsidiary(HQ), CIL(HQ) and Ministry of Coal.

v)  Action  has  been  taken for Hosting of CIL  corporate  web  Portal  to 
substantially  augment  its image building endeavor and to bring  it  to  a 
level  commensurate with size and strategic importance of CIL,  emphasizing 
its role in energy security of the nation. The web portal is also envisaged 
to conduct different business application in line with other Navaratna PSUs 
and will be connected with CIL intranet.

22. Mines safety:

22.1 Trend of fatal accidents & fatalities:

CIL  has  achieved best ever safety performance in the year  2007  both  in 
terms  of  numbers  of  reducing fatalities and  fatality  rate  since  its 
inception. CIL has also obtained excellent grade on MOU rating on safety as 
it has able to reduce Fatality Rate/MT of coal production (Safety Indicator 
as  per MOU) to 0.15 against target 0.22 and corresponding figure  of  last 
year  was  0.30 due to continuous and sustained efforts  on  safety  front. 
There  was  no  major fatal accident occurred in the  year  2007.  However, 
number  of  fatal accidents has slightly increased compared  to  2006.  The 
trend  in fatal accidents in last five years in CIL are in declining  mode. 
The  trend of fatal accident in last 5 years in CIL is in  declining  mode. 
The trend of fatal accident in the last five years in CIL is given in Graph 
below:

Graph:

22.2 Safety Statistics:

A.  Overall accident Statistics for CIL in 2007 compared to 2006 are  given 
below:

Table - A:

Parameter                                               Year           Year
                                                        2007           2006

1. Numbers of fatal accidents                             55             51

2. Numbers of fatalities                                  57            106

3. Numbers of serious accidents                          326            317

4. Numbers of serious injuries                           340            336

5. Fatality rate per m.te. of coal production           0.15           0.30

6. Fatality rate per 3 lakhs manshift deployed          0.18           0.32

7. Serious injury rate per m.te. of coal 
production                                              0.92           0.96

8. Serious injury rate per 3 lakhs manshift 
deployed                                                1.05           1.02

Note:   1.  Accident  Statistics  are  maintained  calendar  year-wise   in 
conformity with DGMS practice

2. All figures for 2007 and figures for serious accident & serious injuries 
in 2006 are subject to reconciliation with DGMS.

B. Company-wise break-up of Accidents:

The Company-wise fatal accidents, fatalities, serious accidents and serious 
injuries in 2007 compared to 2006 are also given below:

Table-B:

Company      Fatal Accidents & Fatalities      Serious Accidents & Injuries 

             Accidents        Fatalities       Accidents         Serious 
                                                                 Injuries

           2007     2006     2007     2006    2007     2006    2007    2006

ECL           7        8        8       13     105      102     115     105
BCCL         10       12       10       61      66       45      66      47
CCL           7        5        8        5      16       19      16      19
NCL           5        4        5        5      10       15      10      15 
WCL          12       13       12       13      60       57      61      60
SECL         10        7       10        7      60       68      63      72
MCL           4        2        4        2       9       10       9      17
NEC           0        0        0        0       0        1       0       1
CIL          55       51       57      106     326      317     340     336

Note:  All  figures  for the year 2007and figures for  serious  accident  & 
serious injuries in the year 2006 are subject to reconciliation with DGMS.

C. Company-wise Break-up of Fatality & Serious Injuries Rate:

The  Company-wise Fatality & Serious Injury Rate in 2007 compared  to  2006 
are also give below:

Table-C:

Company            FATALITY RATES                    SERIOUS INJURY RATES

            Per M. Te.       Per 3 lakh        Per M. Te.       Per 3 lakh 
                             Manshifts                          Manshifts

          2007     2006     2007    2006     2007     2006     2007    2006

ECL       0.32     0.41     0.11    0.17     4.63     3.32     1.54    1.37
BCCL      0.42     2.52     0.19    1.11     2.77     1.94     1.25    0.85
CCL       0.19     0.13     0.20    0.12     0.37     0.51     0.40    0.44
NCL       0.09     0.10     0.36    0.36     0.18     0.29     0.72    1.07
WCL       0.28     0.30     0.21    0.22     1.40     1.38     1.05    1.04
SECL      0.11     0.08     0.15    0.11     0.68     0.84     0.95    1.10
MCL       0.05     0.03     0.28    0.14     0.11     0.22     0.63    1.19
NEC       0.00     0.00     0.00    0.00     0.00     0.81     0.00    0.36
CIL       0.15     0.30     0.18    0.32     0.92     0.96     1.05    1.02

Note:  All  figures for the year 2007 and figures for  serious  accident  & 
serious injuries in the year 2006 are subject to reconciliation with DGMS

22.3  Activities for further improvement in Safety in mines  undertaken  in 
2007.

For  further enhancement of safety standard in its mining  operations,  CIL 
has  pursued several measures in the year 2007 along with  others  on-going 
safety  related activities/initiatives apart from compliance  of  statutory 
requirements for safety which are given below:

Disaster Prevention:

The primary thrust of the Safety Strategy of CIL has been towards  averting 
accidents with a large number of casualties (accidents involving more  than 
10 fatalities are termed disasters in Indian mining parlance). Towards this 
end, the following activities were taken:

Thrust on measures for prevention of inundation:

* Regular Check Surveys.

*  Before  monsoon  details Action Plan  for  preventive  measures  against 
inundation were prepared, implemented and monitored.

* Trial of Geo-physical Methods for Detection of waterlogged bodies/proving 
partings.

* Use of modern Survey Instrument like Total Station etc.

* Digitization of Mine Plan for enhancing accuracy. 

Explosion & Fire:

*  Computerized  Environmental Tele-monitoring Systems (ETMS)  for  getting 
advance  warning  on  build  up of  excessive  inflammable  gases  in  mine 
environment that could lead to outbreak of fire or explosion were installed 
in some identified highly gassy or fiery mines.

*  Modern Hand-held /Portable Digital Multi-gas Detectors were provided  in 
mines  for  monitoring mine environment for early detection  of  heating  / 
accumulation of inflammable/noxious gases.

*  Introduction  of  Gas  Chromatograph  for  getting  better  accuracy  in 
analyzing mine air samples.

*  Initiative has been taken to develop Carbon Nano-Technology (CNT)  based 
personal  gas detector device along with audio-alarm in collaboration  with 
Jadavpur University.

*  Stress  was given on retraining of supervisory staffs  on  operation  of 
Flame Safety Lamp (FSL) and other digital apparatus being extensively used. 

Strata Management:

Roof  &  Side fall is still one of the major causes of fatal  accident  and 
fatality  in  underground mines. Thrust on prevention of roof &  side  fall 
accidents was continued. 

Main thrust areas are:

*  Stress  on  underground mechanization so as to  reduce  the  exposer  of 
workers at the active faces.

* Mechanisation of Roof Drilling process for roof bolting purpose.

*  Initiatives  have been taken to develop device with  appropriate  audio-
visual  alarm  to monitor the behaviour of overlying roof strata.  One  R&D 
project for development of indicators for monitoring impending load on roof 
has already initiated in collaboration with IIT-Kharagpur.

*  Several roof-monitoring devices have been developed at  Area/Mine  level 
workshop and tried to use it in underground mines particularly in SECL.

*  Creating  awareness  through extensive training  of  support  personnel, 
dressers and supervisors.

In addition to this the following measures were also taken:

Risk Assessment & Safety Management Plan:

Risk  Assessment  has  been completed in 427 mines  and  potential  dangers 
associated  in mining activities due to existing geo-mining  conditions  of 
the  mine, method of mining being adopted for extraction of coal  and  from 
machineries  being engaged for operations have been identified.  Time-bound 
action  programmes  to eliminate or to reduce or to  avoid  the  identified 
risks for each mine has been chalked out along with review mechanism. It is 
an on-going cyclical process.

Safety Audit:

Safety Audit of the mines are being conducted in more meaningful way in two 
phases:

a. 1st Phase: 

Deficiencies (i.e. unsafe conditions and unsafe acts) are being  identified 
and remedial measures suggested or recommended.

b. 2nd Phase: 

Review  the status of implementation of the recommendations/suggestions  of 
1st  phase  are  being done in 2nd phase and  thereafter  final  report  is 
submitted.

S&R Division of CIL has conducted several co-ordination meeting at  regular 
interval  where Director (Tech.), CIL, Director (Tech)(Op)s and  Chiefs  of 
ISO  of  all subsidiaries participated to review the safety status  of  the 
mines  and  to  adopt strategies for  enhancing  safety  standard.  Several 
initiatives  were  taken on the basis of the adopted resolutions  of  those 
meetings.

Thrust  was given on further activating Pit Safety Committee at mine  level 
and  other Bi-partite & Tripartite Safety Committee at Area and  subsidiary 
HQ level. 

ISO Inspection:

Inspections  by  the  Internal Safety  Organisation  (ISO)  officials  were 
intensified. This has been resulted positive impact in safety management.

Thrust continued on Emergency preparedness through:

* Preparation of Mine-specific Emergency Action Plans

* Demarcation of Escape Routes belowground as well as on plans.

*  Conducting  of Mock Rehearsals, monitoring failure  points  for  further 
improvement.

* Initiative to introduce the Tracking system to locate the trapped  miners 
in emergency by various technologies such as RFID Initiative has been taken 
to procure training simulator for imparting training to operator/driver  of 
tippers & dumpers.

23. Mines Rescue Services:

A  well equipped Rescue Service Organisations staffed by  rescue  personnel 
trained  in  modern  training galleries and  equipped  with  modern  rescue 
equipment  is  maintained by the subsidiary companies of CIL.  At  present, 
there  are  6  Rescue Stations, 15 Rescue  Room-with-  Refresher-  Training 
facilities and 18 Rescue Rooms in CIL. Company-wise details regarding  Mine 
Rescue services of CIL have been posted at CIL web-site.

24. HUMAN RESOURCE DEVELOPMENT:

24.1 Overall performance:

31912  employees  were  trained  during 2007-08, out  of  which  8091  were 
executives,  9608 supervisors and 14213 workmen. The  performance  included 
in-house  training efforts, external training efforts and training  abroad. 
The training of supervisors and Workers under 'Statutory obligations'  were 
taken care of separately. 

24.2 In-house training:

The  corporate HRD plan for 2007-08 was developed within the  framework  of 
the Strategic HRD plan, by integrating efforts of HRD in all the subsidiary 
companies  and considering capabilities of twenty-six  training  Institutes 
situated at different locations in Coal India.

In  order  to formalize Strategic HRD plan, a  comprehensive  HRD  training 
policy is being followed. The strategy arising out of HRD policy  envisaged 
efforts  in  terms of inputs to technical  training,  management  training, 
general  development  of workmen & supervisors and  also  transforming  new 
employees for learning skills. 

Total number of employees trained through in-house training efforts  during 
2007-08 is given below:

Category            Employees trained

Executives     -    5874
Supervisor     -    9279
Workmen*       -    14059
Total          -    29212

24.3 Training outside company:

i) Within the Country:

In  order  to  expose  the  employees  in  specialized  fields  to  receive 
interorganisational  experience  and also supplementing  in-house  training 
efforts,  2588  employees from eight subsidiary companies and  CIL/HQ  were 
trained  under the various training programmes conducted  outside  Company. 
The  break up of training efforts at different categories of  employees  is 
given below:

Category            Employees trained

Executives     -    2107
Supervisors    -    327
Workmen        -    154
Total:              2588

ii) Training abroad:

112  employees  were trained abroad from April, 2007 to  March,  2008,  the 
details of which are given below:

Category            Employees trained

Executives     -    110
Supervisors    -    2
Workmen        -    0
Total               112

24.4 Additional Information on HRD in CIL during the year 2007-08:

i) The new CIL Training Policy has been prepared. 

ii) The Structure of training has been prepared.

iii)  In  all 11 (executives) from CIL and its  Subsidiary  companies  have 
passed  the  Certification  of Project Managers' Course  conducted  by  the 
Project Management Association, New Delhi.

iv) Training Module of Newly recruited Management Trainees in CIL has  been 
prepared.

25. Manpower:

25.1  The  total manpower of the company including its subsidiaries  as  on 
31.3.2008  is  426077  as  against 439343  as  on  31.3.2007.  Company-wise 
position of manpower is as below:

Company                  As on          Total

ECL                  31.3.2008          94943
                     31.3.2007          98780

BCCL                 31.3.2008          80051
                     31.3.2007          83578

CCL                  31.3.2008          58808
                     31.3.2007          61610

WCL                  31.3.2008          64160
                     31.3.2007          65599

SECL                 31.3.2008          82782
                     31.3.2007          84368

MCL                  31.3.2008          20786
                     31.3.2007          20591

NCL                  31.3.2008          16697
                     31.3.2007          16726

NEC                  31.3.2008           3072
                     31.3.2007           3210

CMPDI                31.3.2008           3048
                     31.3.2007           3127

DCC                  31.3.2008            641
                     31.3.2007            647

CIL (HQ)             31.3.2008           1089
                     31.3.2007           1107

CIL as a whole       31.3.2008         426077
                     31.3.2007         439343

25.2 The presidential directives for Scheduled Castes/Scheduled  Tribes/OBC 
have been implemented in all the subsidiaries/units of Coal India  Limited. 
The  representation  of SC/ST employees in total manpower of  CIL  and  its 
Subsidiary Companies as on 1.1.2008 and 1.1.2007 are given below:

As on             Total        Scheduled Caste            Scheduled Tribe
               manpower        Nos.   Percentage         Nos.    Percentage

1.1.2008         429507       95231        22.17        53065         12.35
1.1.2007         443128       97977        22.11        54456         12.29

25.3 WAGE NEGOTIATIONS:

The  Joint  Bipartite Committee for the Coal Industry  was  constituted  on 
21.5.2007  to  negotiate National Coal Wages Agreement-VIII  in  accordance 
with  the DPE's guidelines in terms of letter No. 55011-01-2006-PRIW  dated 
28th  February,  2007 and letter No. 55011-1-2006-PRIW dated  14.5.2007  of 
Director,  Govt.  of  India, Ministry of Coal, New  Delhi.  The  last  wage 
agreement  i.e.  NCWA-VII,  was  made for a period of  5  year  i.e.,  from 
1.7.2001  to 30.6.2006 with 100% neutralization of DA with the approval  of 
GOI.

The  first  meeting of JBCCI-VIII was held on 29th June'07 at  Kolkata  and 
subsequently 3 more meetings have been held. Interim relief @ 15% of  basic 
wages as on 30.6.2006 has been granted to the employees w.e.f. 1.7.2006.

26. Industrial Relations and Employees' Participation in Management:

Industrial  Relation  scenario  in  CIL and  its  subsidiaries  during  the 
financial  year remained cordial. Joint Consultative Committees (JCCs)  and 
different  Bipartite Committees at Unit/Area levels and  Subsidiary  (Hqrs) 
levels   continued  to  function  normally.  Meetings  of   Standardisation 
Committee and Apex JCC were held at regular intervals at CIL.

Strikes and Bundhs:

Company-wise details of strikes, mandays lost and production lost and other 
incidents are furnished in the following table:

Company                     No. of strikes /              No. of other   
                                Bundhs                     Incidents.    

                         2006-07        2007-08       2006-07       2007-08

ECL                      0+1(IS)        0+2(BB)           131            83

BCCL                     5+1(IS)        0+0(IS)            55            46

CCL                      0+1(IS)        0+0(IS)            43            48

WCL                      0+1(IS)        1+0(IS)             0            10

SECL                     0+1(IS)        1+0(IS)             0             1

NCL                      1+1(IS)        0+0(IS)            11            44

MCL                      0+1(IS)        0+0(IS)             9            25

NEC                      0+1(IS)        0+0(IS)             2             0

CMPDIL                   0+1(IS)        0+0(IS)             0             0
                                                                           

CIL                      0              0                   0             0

Total                    6+1(IS)        2+2(BB)           251           257

Company                       Mandays lost              Production lost
                                                          (in tonnes)

                         2006-07        2007-08       2006-07       2007-08

ECL                        63251           1400         59000           500

BCCL                        7846              0          8470             0

CCL                        20527              0         81000             0

WCL                        10001          18745         18293         83877

SECL                       22512           3678         26595         11100

NCL                         1998              0             0             0

MCL                            0              0             0             0

NEC                          894              0            65             0

CMPDIL                       674              0        224.26             0
                                                       (Mtg.)

CIL                            0              0             0             0

Total                     127703          23823       193423+         95477
                                                       224.26
                                                        (Mtg)

* IS = Industrial Strike, BB = Bangla Bundh.

*  Other incidents: Go-slow,  Gherao/Assault/Demonstration/Obstruction  for 
stoppage of work.

* Mtg = Metreage/Mts.-Meters

* 1(one) Industrial Strike was called on 14.12.2006.

* Two Bangla Bundh were called by political party on 31.10.2007 & 12.11.07

27. Employees' Welfare and Social Security Scheme:

Coal  India  and its subsidiaries continue to give due  attention  for  the 
welfare of its employees with a view to improve their quality of life. Some 
of  the major achievements relating to welfare of employees of  Coal  India 
Limited are as follows: 

a)  Hon'ble Minister of Coal declared on CIL Foundation Day a Scheme  under 
which  direct dependent of employees who died or were permanently  disabled 
in a mine accident are to be paid an amount of Rs. 5 lakhs. This amount  is 
in addition to the payment made under Workmens' Compensation Act.

b)  Coal India Limited has introduced a Scheme under which post  retirement 
medical  benefits have been provided to Executives on payment of a  certain 
amount.

c)  To further increase integration, it has been decided to  celebrate  1st 
November of every year as CIL Foundation Day. The first CIL Foundation  Day 
was  observed on 1st November 2007 in CIL and all subsidiaries. Awards  for 
Production,  Productivity and Safety were presented to workers of  all  the 
subsidiary  companies  at  a  Central Function held  at  Kolkata.  On  this 
occasion,  the CIL Corporate Geet was sung and CIL Flag unfurled  all  over 
the mines and areas of subsidiaries and at CIL(HQ).

d)  Meritorious  wards  of CIL employees were  awarded  Merit  and  General 
Scholarship.  Special  Cash  Award  were presented  to  the  wards  of  the 
employees  of  CIL(HQ) and Desk Offices of the subsidiaries for  the  first 
time  who  secured  90%  or more in aggregate in  10th  and  12th  Standard 
Examination conducted by the Board.

e) Coal India continues to give special emphasis on promotion of sports and 
cultural activities for the employees and their wards. Events in  different 
sports  disciplines  were organized by CIL and  its  subsidiary  companies. 
Inter  colliery and inter area Sports and Cultural Meets were also held  in 
the Subsidiary Coal Companies.

f)  An  amount  of  Rs.  10 crores was  approved  for  the  opening  of  an 
Engineering College at Korba in Chhatishgarh as a part of Corporate  Social 
Responsibility (CSR) activities.

Basic facilities like Housing, Water Supply, Medical Care etc. continued to 
be  provided.  Some Educational Institutions operating in and  around  coal 
companies  were given assistance by way of grant-in-aid and  infrastructure 
support as a part of Welfare and Community Development activities. 

Table below shows the position of basic amenities provided:

Item                         Available at the      Additions       Position
                                      time of         during          as on
                              Nationalisation        2007-08      31.3.2008

1. Housing:

(a) Number of houses:                1,18,366            525       4,13,022

(b) Overall housing 
satisfaction                           21.07%              -         96.93%

2. Water supply 
(Population covered)                 2,27,300          2,625      22,93,063

3. Educational 
Institutions:

a) No. of fully 
financed Project
schools (KV., DAV & 
other schools)                              -              -             61

b) No. of Project 
schools given 
infrastructure only                         -              -             26

c) No. of Privately 
managed schools
provided recurring 
grant                                       -              -            290

d) Other educational 
Institutions given 
grant/occasional help                       -              -            207

Total:                                    287              -            584

4. Medical facilities:

a) Ambulances                              42              -            667

b) Hospitals                               49              -             85

c) Hospital beds                        1,482              -          5,835

d) Dispensaries                           197              -            424

Besides  above,  12  Ayurvedic  Dispensaries are  also  being  run  in  the 
Subsidiary Coal Companies of CIL to provide indigenous system of  treatment 
to  workers and 15 beds are reserved in Ramkrishna Mission T.B.  Sanatorium 
at Ranchi for the treatment of employees suffering from T.B. 

28. Tree Plantation/Afforestation:

In  order to provide better environment, CIL and its  Subsidiary  Companies 
have  planted  22.73 Lakhs of seedlings in the Coalfield Areas  during  the 
year 2007-08 under Afforestation programme.

29. Progressive use of Hindi:

Coal  India  Ltd.  continued  its  efforts  to  propagate  and  spread  the 
progressive  use  of  Hindi during the period under  review.  Adopting  the 
Official  Language policy of the Union Govt. which is based  on  motivation 
and  encouragement, the Coal India is speeding the pace  of  implementation 
among  its  employees. The top management gives high priority  on  it.  The 
abstracts  of  the important works done toward this  direction  during  the 
period from 1.4.2007 to 31.3.2008 are as follows:

The period under reference had witnessed a glittering function held on 10th 
July,  2007 at Bengal Chamber of Commerce & Industry Conference  Room.  All 
the  eight  companies of Coal India Limited situated in A.B.C  region  were 
awarded 'Rajbhasha Samman' Purskar by Hon'ble Chairman, Coal India Limited, 
Mr.  Partha  S Bhattacahryya for their best performance. The  occasion  was 
graced  by all the Functional Directors of CIL. The Officers and  employees 
working  in Coal India Limited (HQ), Kolkata were awarded cash  prizes  for 
their  best personal efforts in the field of implementation  of  Rajbhasha, 
Hindi  in  their Official work. This function brought sense  of  collective 
awareness towards Rajbhasha Hindi.

Another  feather  in the cap during the period under review  is  that  Coal 
India  bags  'Rajbhsha  Shield'  award  given  by  Town  Official  Language 
Implementation  Committee  (PSUs)  Kolkata  in  the  area  of   outstanding 
performance  towards implementation of Rajbhasha Act, Rules  &  Regulations 
during its half yearly meeting held on 30th August, 2007 at Flotel.

To augment the process of implementation of the provisions of the  Official 
Languages  Act  &  Rules and to increase the Hindi  correspondence  in  the 
departments, regular meeting of Official Language Implementation  Committee 
is being held under the Chairmanship of Director (P&IR), CIL. Chairman, CIL 
is  also  very  much  serious to attend the meetings.  In  such  a  meeting 
organized  on  12.12.2007 in Coal Bhawan, Dr. Y.  Lakshmi  Prasad,  Member, 
Hindi  Salahkar Samiti, Ministry of Coal and Observer (Rajbhasha) for  Coal 
India Ltd. was also present. 

With  a  view to creat working atmosphere of Hindi in the  official  works, 
Hindi  Fortnight starting from 14.9.2007 was celebrated in all  offices  of 
Coal  India  Ltd. During the Fortnight various Hindi competitions  such  as 
Hindi  Noting - Drafting, Hindi Essay, Hindi Dictation, Hindi  Translation, 
Hindi typing were organized among the employees of Coal India Ltd. A  large 
number   of   officer   and   staff   participated   in   the   competition 
enthusiastically.

Hindi inspection of the offices is also a part of implementation programme. 
During  the  period under review, offices of 4  subsidiary  companies  were 
inspected  by CGM(Rajbhasha) & Rajbhasha Department Officials.  Apart  from 
this,  a  high  power parliamentary committee on  Rajbhasha  inspected  NEC 
office  situated  at Margherita, Desk office ECL, Kolkata,  Regional  Sales 
Office,  Ahmedabad  and Mahanadi Coalfields Ltd., Sambalpur.  In  order  to 
train  the  Officers & Staff of CIL in Official Language who  have  working 
knowledge  of Hindi, three Hindi workshops were organized by he  Department 
during the year under review where 37 persons were trained.

30. Vigilance:

30.1 Vigilance Set-up:

Coal  India  Limited (CIL) is the holding company of 8  (eight)  Subsidiary 
Companies  spread over the State of Wet Bengal, Jharkhand,  Orissa,  Madhya 
Pradesh,  Chattisgarh and Maharastra. Each subsidiary company is headed  by 
Chairman-cum-Managing Director, assisted by Functional Directors. CIL  acts 
as  an  Apex Body and holding company, which takes  care  of  inter-company 
affairs  and policy decisions across the subsidiary companies according  to 
the Delegation of Powers vested with the holding company.

The  anti-corruption  activities in CIL and its subsidiary  companies  have 
been institutionalized by setting up Vigilance Department in the subsidiary 
companies  each  of  which is headed by a Chief  Vigilance  Officer  (CVO), 
appointed  by  the Govt. of India in consultation  with  Central  Vigilance 
Commission (CVC) on tenure basis, drawn from various government services.

CVO,  CIL  apart from monitoring vigilance activities  of  departments  and 
offices under direct control of CIL and North Eastern Coalfields (NEC) also 
enquires into/monitors such cases referred by the CVC/MOC to CIL Vigilance. 
He  also investigates specific complaints against officials  of  subsidiary 
coal  companies specifically referred by Chairman, CIL to CIL Vigilance  or 
on  the basis of complaints or source information received directly at  CIL 
Vigilance.  Some  co-ordination  with  the  subsidiary  coal  companies  is 
effected  informally  since  CIL  Vigilance Division  has  to  liaise  with 
institutions  like CVC, MOC, CBI as also in view of the fact that CMD,  CIL 
is  the  Appointing/Disciplinary/Appellate Authority in case  of  executive 
cadre employees and CVO, CIL is required to act as an advisor whenever CMD, 
CIL  has to discharge his authority in one of the above mentioned  capacity 
vis-a-vis a vigilance matter. 

Any  interface therefore, is maintained with the Vigilance Division of  the 
different  subsidiary  companies and their CMDs. It may be  mentioned  that 
formal CVO, CIL does not exercise superintendence or control over the  CVOs 
or the vigilance set up in the different subsidiary companies.

One  of  the  major tasks is to report the vigilance  status  of  different 
officials when required by CIL management or MOC or CVC or PESB. In so  far 
as cases of promotion are concerned, the vigilance status of the  concerned 
required  officials is sent to Personnel Division of CIL  after  collecting 
the  same from the vigilance wings of the different  subsidiary  companies. 
Similarly,  in  case of selection, the vigilance status in respect  of  the 
required employees is sent to the concerned authorities i.e. MOC/CVC  after 
collecting the same from the different subsidiary companies. CIL  Vigilance 
maintains the vigilance data in respect of only such employees who are/were 
posted in CIL or NEC. 

30.2  Anti-corruption  measures  during  the  reporting  year  by  CIL  and 
Subsidiaries.

Total  number  of  Intensive Examination of  works/contracts  undertaken  / 
conducted  was  79.  In addition, Surprise  Inspection  at  worksites  were 
carried  out  by Subsidiary Vigilance units in 167  cases.  Subsidiary-wise 
break-up  of  Intensive Examination and Surprise Inspection  conducted  are 
shown in the Table below:

(a)   Subsidiary-wise  numbers  of  surprise  inspections   and   intensive 
examination during the year 2007-08.

Name of the     ECL  BCCL   CCL   WCL  SECL    NCL  CMPDIL  MCL   CIL Total
company                                                          (HQ)

Surprise         31    22    31    18    29     22      10   04   NIL   167
inspection

Intensive
examinations     01    19    12    12    06     08      09   11    01    79

Based  on  complaints  received  from  various  corners  and  form   source 
information,  258 investigation cases were completed during  the  reporting 
year.  Total number of Departmental Inquiries disposed during the year  was 
70  and a number of officials against whom punitive actions were taken  was 
327  including  62  non-executives.  In Coal India  Limited  (HQ)  and  its 
subsidiary,  number of investigation cases completed and  punitive  actions 
initiated/penalty imposed are shown in the statement below:

(b) Number of investigation completed during the year 2007-08:

Name of the    ECL  BCCL   CCL   WCL  SECL   NCL  CMPDIL   MCL   CIL  Total
Company                                                         (HQ)

2007-08 
(upto
Mar'08)         40    27    26    14    16    87      04    21    23    258

(c)  Number  of  Departmental inquiries disposed and  number  of  Officials 
imposed with penalties during the year:

Name of the               A    B    C     D   E    F     G    H     I     J
Company

Oral Inquiry
against GO's
disposed                 01   03   03   NIL  03   02   NIL   01    02    15

Oral Inquiry
against
NGO's
disposed                 12   11   14    05  05   01    01   06   NIL    55

Minor           Exe.     34   35   56    01  11   31    06   17   NIL   191

Penalty         Non-    NIL   02  NIL   NIL  01   05   NIL  NIL   NIL    08
                Exe.

Major           Exe.     06   10   36    01  07   04   NIL   09    01    74

Penalty         Non-     16   08   22    02  02  NIL   NIL   04   NIL    54
                Exe.

A = ECL
B = BCCL 
C = CCL
D = WCL
E = SECL
F = NCL
G = CMPDIL
H = MCL
I = CIL (HQ)
J = Total 

(d) Sanction for prosecution during the year:

Grade         M3     M2     M1     E5     E4     E3     E2      E1    Total

Number        00     01     01     05     01     02     00      00       10

30.3 Special Achievement:

Interactive Session between Central Vigilance Commission, Ministry of  Coal 
and Coal India Limited:

CIL  Vigilance arranged in inter-active session between  Central  Vigilance 
Commission,  Ministry  of  Coal  and Coal India  Ltd.  and  its  Subsidiary 
Companies  in association with IICM, Ranchi on 19th and 20th July, 2007  at 
IICM,  Ranchi  which  was attended by the officials of  CVC,  Officials  of 
Ministry of Coal including Secretary, Ministry of Coal, CMDs of  Subsidiary 
Companies of CIL, including Chairman, CIL and all the Functional  Directors 
of CIL, CVO, CIL, including all CVOs of Subsidiary Companies of CIL.

During  the inter-active sessions various important issues as presented  by 
the  CMDs/Directors  of CIL and Subsidiary Companies and all  CVOs  of  the 
Subsidiary  Companies,  were  discussed.  Some  of  the  important   issues 
discussed/deliberated during the inter-active sessions were issues relating 
to  disposal  in  composite disciplinary cases involving  Minor  and  Major 
penalty,  imposition of penalty of termination with  retrospective  effect, 
variation  in  different circulars/OM issued by he Commission  relating  to 
closure  of  complaint involving officers up to two level below  the  Board 
level, issues relating to current status of the contracts executed with ESM 
transporter, procurement policy of HEMM, in view of Supreme Court  Judgment 
of  allocating the supply order in the ratio of 60:40 between L-1  and  L-2 
bidders  vis-a-vis  Purchase preference policy, issue relating  to  special 
dispensation from the CVC's guidelines to facilitate Coal Videsh to  attain 
its  objective  expeditiously, complexities and delay  in  decision  making 
involved  in procurement of large size HEMM against Global tenders,  issues 
relating  to  negotiation with L-1 tender only, participation  of  CVOs  in 
administrative decision making process, issues of reimbursement of  service 
tax and dispute arising out of imposition of service tax where NIT does not 
provide for it, Trap cases-simultaneous trial and RDA, award of contract on 
nomination  basis,  issues relating to vigilance clearance,  promotion  and 
personnel policies in the WEB site, issues covering discount bidding system 
in  respect of coal & sand transportation, bearing on transfer and  posting 
of  the executives whose names have been included in the Agreed  List,  CIL 
marketing  related  issues, capacity assessment of the  two  privately  run 
/washeries at Gevra Project of SECL etc. 

Record  notes of the discussions/decisions at the inter-active session,  as 
approved  by  CVC  was communicated to all concerned by  CIL  Vigilance  in 
November, 2007. 

During the inter-active session, CVC was informed about the  implementation 
of  the  Integrity  Pact  in the procurement  being  finalized  at  CIL.CIL 
Vigilance  took  active part in the process of fanalising he  names  of  he 
Independent External Monitors which was approved y CVC.

During discussion, Chairman, CIL requested CVC to allow CVO, CIL to act  in 
an  advisory  capacity  on  behalf of CVC.  Secretary,  MOC  also  reitered 
Chairman,  CIL's request for defining the role of CVO, CIL and his  working 
relationship with CVOs of the Subsidiary Companies.

30.4 Vigilance Awareness Week:

Vigilance  Awareness  Week  was observed at Coal India  Ltd(HQ)  from  12th 
November  to  16  November,  2007 as per  the  directives  of  the  Central 
Vigilance Commission.

A  circular  dated 7/11/2007 requesting observance of  Vigilance  Awareness 
Week from 12th November, 2007 to 16th November, 2007 was issued by CVO, CIL 
addressed to Chairman, Coal India Ltd, all Functional Directors of CIL  and 
all  Departmental Heads of CIL Head Qtr. It was requested that  the  pledge 
should  be taken on November 12, 2007 at 11.00 AM along with all  officials 
of their respective Departments. CVO, CIL also vide letter dated  0/11/2007 
along  with  all officials of their respective Departments. CV),  CIL  also 
vide  letter dated 7/11/2007 requested all CVOs of Subsidiary Companies  to 
prepare  an  action  plan and organize the Vigilance Awareness  week  in  a 
befitting manner in their respective subsidiaries.

On  the  1st  day  of  observance of  Vigilance  Awareness  Week,  i.e.  on 
12.11.2007  matter  containing  messages from  President  of  India,  Prime 
Minister  of  India, Chief Vigilance Commission and CIL  was  published  in 
Times of India, Kolkata, as well as New Delhi edition.

The observance of Vigilance Awareness Week was commenced with the pledge on 
12th  November,  at  11-00AM, in Vigilance Division, CIL  (HQ)  by  all  he 
officials of Vigilance Division of CIL present on the day. 

A  one-day  Interactive Session was organized on  15/11/2007  at  Vigilance 
Division, CIL(HQ). As CVC has laid stress on efficiency and transparency in 
customer oriented issues, specially in the context of taking initiatives in 
improvement  of  the  systems and procedures in  gear,  complaint  handling 
policy,    avenues    available   for   redressal    of    grievances    in 
Departments/Orgnisations etc., the following topics were deliberated during 
the interactive session, which was attended by Director (Finance), CIL, all 
the  Heads  of  the  Department of CIL and CVO, CIL  and  all  officers  of 
Vigilance Division of CIL:

1. Implementation of e-Payment.

2. Operation of e-Procurement and handling of grievances.

3.  E-Booking  of  coal and essential features of  New  Coal  Sales  Policy 
including handling of grievances from clienteles.

4. System of handling and redressal of grievances of the employees of CIL.

CVO, CIL emphasized on internalization of rules, regulations so as to  pre-
empt  external imposition of control and penalty. He stressed that  efforts 
be made to raise awareness among the users of the services provided by  the 
Departments.  He also emphasized that the Departments have to act as  focal 
points to fight corruption and mentioned that the Vigilance Awareness  Week 
would provide an opportunity to rededicate ourselves to this mission and to 
devise strategies in priority areas like System Improvement and  Preventive 
Vigilance.  Vigilance Awareness Week will provide an opportunity  to  reach 
out  to the stakeholders with an open mind and invite suggestion  to  chalk 
out way and means to deliver services in a transparent and efficient manner 
and to devise methodologies to eliminate corruption from public life.

On  the  topic of 'Implementation of e-Payment',  Director  (Finance),  CIL 
stated  that  release of payment to parties is a very long process  and  in 
order  to avoid any mischief in payments, e-payment, is a better  solution. 
In  this regard, he described the process of e-payment and stressed on  its 
implementation  in  CIL in view of its  effectiveness  towards  transparent 
business procedure.

On  the topic of 'Operation of e-procurement and handling  of  grievances', 
CGM(Materials Management), CIL deliberated on the process of e-procurement. 
He  elaborated  on  the 'Four Demons' in finalizing  a  procurement  action 
namely  Delay,  Discretion, Dispensation and  Disinformation.  To  minimize 
these drawbacks in procurement action and for a more transparent  solution, 
he welcomed e-procurement as major tool. He informed that, the system of e-
procurement  had  been  introduced in Coal India Ltd in  2006-07  with  the 
approval  of  CIL  Board.  He further intimated that  this  process  of  e-
procurement was introduced in 2006-07 for the first time in CIL in  respect 
of central procurement of Explosives for all Subsidiary coal companies.  He 
also  described  the  total  process of e-procurement  in  detail  and  its 
different merits in comparison with Manual/paper bidding.

General Manager (Sales & Marketing), CIL deliberated on 'e-Booking of  coal 
and  essential  features  of New Coal Sales Policy  including  handling  of 
grievances  from clienteles'. He briefed the audience on he New Coal  Sales 
Policy  and specially highlighted on policies for existing as well  as  new 
consumers. 

Chief General Manager (Personnel), CIL deliberated on the topic of  'System 
of  handling  and  redressal of grievances of the  employees  of  CIL'.  He 
elaborated on the different committees at CIL and its Subsidiaries to  deal 
with  grievances  at different levels. It was informed  that  in  addition, 
grievances  from executives of coal companies are directly disposed off  at 
CIL HQ and the concerned executives are replied to through their respective 
coal companies. He also informed regarding existence of different  Standing 
Grievance  Committees  to deal with grievances from Wage  Board  employees. 
During  the discussions, he intimated that amendment of Common  Coal  Cadre 
and  CDA  Rules  are  in  progress. He  also  shared  his  views  with  the 
participants and answered queries on relevant issues.

31. Particulars of Employees:

None  of the employees received remuneration in the year 2007-08 in  excess 
of limits prescribed under Section 217 (2A) of the Companies Act, 1956 read 
with the companies (particulars of employees) Rules, 1975 as amended. 

32. Board of Directors:

Shri  Partha  S.  Bhattacharyya, appointed as  Chairman  w.e.f.  1.10.2006, 
continued  during  the year under report. Shri Md.  Salim  Uddin,  Director 
(Personnel  &  Industrial Relation), CIL was on the Board  upto  31.5.2007, 
Shri  K Ranganath, Director (Marketing, CIL continued on the  Board  during 
the  year. Shri S. Bhattacharya, as Director (Finance) and Shri N. C.  Jha, 
as  Director  (Technical) were on the Board through out the year.  Shri  R. 
Mohan Das, as Director (P&IR) was inducted on the Board w.e.f. 1.6.2007.

Dr. S.P. Seth, Addl. Secretary, MOC continued as part-time Director on  the 
Board  during  the  year. Shri Sujit Gulati, Jt.  Secretary  and  Financial 
Adviser, MOC and Shri Ashok Gupta, Adviser (Traffic), Railway Board were on 
the  Board as part-time Director upto 10.9.2007 and 9.7.2007  respectively. 
Shri Sanjiv Mittal, Jt. Secretary and Financial Adviser, MOC and Shri Vivek 
Sahai, Adviser (Traffic Transportation), Railway Board were inducted on the 
Board as part-time Director w.e.f. 10.9.2007 and 9.7.2007 respectively.

Shri  S.  Narsing  Rao,  CMD, Singareni  Colliery  Co.  Limited,  Part-time 
Director  was  on  the Board upto 5.2.2008. Shri B. K.  Sinha,  CMD,  South 
Eastern  Coalfields  Limited was on the Board as  Part-time  Director  upto 
6.2.2008.  Shri  D.C. Garg, CMD, Western Coalfields Limited and  Shri  A.K. 
Singh,  CMD,  Central  Mine & Design  Institute  Limited  became  Part-time 
Director  w.e.f. 6.2.2008 and 15.2.2008 respectively and continued  on  the 
Board during the year.

Shri P.K. Banerjee, Shri Arvind Pande, Shri S. Murari and Prof. S. K. Barua 
were  inducted  on  the Board as non-official  Part-time  Directors  w.e.f. 
24.8.2007. 

Your Directors wish to place on record their deep sense of appreciation for 
the  valuable guidance and services rendered by the Directors during  their 
tenure who ceased to be Directors during the year. 

In  terms  of  Articles 33(d)(iii) of the Articles of  Association  of  the 
Company, all the Directors excepting the Chairman, whole-time Directors and 
part-time non-official Directors shall retire at the ensuing Annual General 
meeting and they are eligible for reappointment.

The  Board  of Directors held in all 11 (eleven) meetings during  the  year 
2007-08. 

33. Directors' Responsibility Statement:

In  terms  of section 217(2AA) of the Companies Act, 1956,  read  with  the 
significant accounting policy at part A and Notes of Accounts at part B  of 
Schedule M forming part of accounts, it is confirmed:

i)  That  in  preparation of the  Annual  Accounts,  applicable  Accounting 
Standards have been followed and that no material departures have been made 
from the same;

ii)   That  such  accounting  policies  have  been  selected  and   applied 
consistently  through  judgments  and estimates  that  are  reasonable  and 
prudent, to give a true and fair view of state of affairs of the company at 
the  end  of the financial year and Profit & Loss of the company  for  that 
period;

iii)  That  proper and sufficient care have been taken for  maintenance  of 
adequate  accounting  records  in accordance with  the  provisions  of  the 
Companies  Act,  1956 for safeguarding the assets of the  Company  and  for 
preventing and detecting fraud and other irregularities; and 

iv) That annual accounts have been prepared on a going concern basis.

34. Accounts of the Subsidiaries:

The copies of Accounts of the Subsidiary Companies for the year 2007-08 are 
attached in Vol.- II with the Annual Report and Accounts of the Company  in 
compliance with requirement of Sec. 212 of the Companies Act, 1956. 

35. B.I.F.R and BRPSE Status:

35.1 Eastern Coalfields Limited (ECL): 

As  on  31st  March, 1997, accumulated loss of  the  company  exceeded  its 
networth  by Rs. 251.20 crores, hence Company was referred to  BIFR  during 
October, 1997 in terms of Sec. 15(1) of SICA. BIFR registered ECL's case as 
Case  No.  501/98. Due to financial restructuring done by CIL  as  on  31st 
March,  1998,  by  converting unsecured loan of  Rs.  1179.45  crores  into 
equity,  the networth became positive by Rs. 423.96 crores as on that  date 
and  the  company came out of BIFR. Since the company  continued  to  incur 
losses  year after year, the networth of the company again became  negative 
as on 31st March, 1999 by Rs. 10.90 crores and hence the company was  again 
referred  to BIFR during November, 1999. Company's case was  registered  as 
Case No. 501/2000. 

The  Board for Industrial and Financial Reconstructions (BIFR)  vide  Order 
No.  501/2000  dated  23rd February, 2001 declared the company  as  a  sick 
company  under  section 3(1)(o) of the Sick Industrial  Companies  (Special 
Provisions) Act (SICA), 1985 and appointed State Bank of India as Operating 
Agency  under  section 17(3) of the SICA to  formulate  the  Rehabilitation 
Scheme.  After detailed deliberation with the stakeholders,  Revised  Draft 
Rehabilitation  Scheme of ECL dated 31st January, 2004 was  prepared.  This 
was  discussed in the Joint Meeting held on 3rd March, 2004. In  the  Joint 
Meeting  all the Stakeholders supported the scheme. As per discussion  held 
in  the  Joint  Meeting, Operating Agency prepared a fully  tied  up  Draft 
Rehabilitation Scheme of ECL (March' 2004) and submitted the same to  BIFR. 
As  per  the  scheme,  the networth of the Company  was  slated  to  become 
positive  by 2008-09. BIFR hearing was held on 21st September,  2004.  BIFR 
sanctioned the Rehabilitation Scheme of ECL (March, 2004) on 2nd  November, 
2004  for  implementation.  The scheme was examined by the  office  of  the 
Controller  General of Accounts. They had also recommended the  scheme  for 
the revival of the company.

Coal price was enhanced from 16th June, 2004. National Coal Wage  Agreement 
- VII (NCWA-VII) was signed between the operating Trade Unions, Coal  India 
Limited  and its subsidiary companies for a period of five years  from  1st 
July, 2001 on 15th July, 2005. The impact of enhanced sale value as well as 
NCWA-VII  (Other than Interim Relief @ 15% of basic) was not considered  in 
the financial projection of the BIFR sanctioned Rehabilitation Scheme.  Due 
to  implementation of NCWA-VII, as well as the enhancement of  sales  price 
and  delay in implementation of projects the scheme was revised as per  the 
advice of BRPSE. As per the revised scheme, the networth of the company was 
slated  to become positive by 2009-10. The Revised Scheme was heard by  the 
Board  for  Reconstruction of Public Enterprises (BRPSE)  on  29th  August, 
2005. They had recommended the scheme subject to ECL achieving the physical 
and  financial parameters. The recommendations of BRPSE was also  heard  by 
the Committee of Secretaries under the Chairmanship of Cabinet Secretary on 
13th January, 2006. They had also recommended the scheme for the revival of 
the  company. Cabinet Committee on Economic Affairs had approved the  BRPSE 
recommended Revival Plan of ECL on 5th October 2006.

After  obtaining  the approval of Cabinet Committee  on  Economic  Affairs, 
Company  had submitted the Revised Rehabilitation Scheme to the  Monitoring 
Agency and BIFR during October, 2006 with a request to approve the  Revised 
Revival Plan for implementation. BIFR reviewed the ECL's case on 12th  June 
2007.  BIFR  advised the company to submit Govt. approved Revival  Plan  to 
Monitoring  Agency with a copy to them with 60 days. Company had  submitted 
the same to Monitoring Agency with a copy to BIFR on 7th August 2007.  BIFR 
is yet to approve the scheme. 

35.2 Bharat Coking Coal Limited (BCCL):

(A) BIFR status:

BCCL  was  first registered as sick Company vide  Registration  No.  504/95 
dated  18.12.95 as its net worth was negative after completion of  Accounts 
for the year 1994-95. At its first hearing held on 15.2.96, BIFR  appointed 
Shri S. Krishnanmurthy as special Director on BCCL Board till 26.5.2003.

BCCL  came out of BIFR at 4th hearing held on 22.12.97 as net worth of  the 
Company  became  positive due to capital restructuring by  converting  loan 
into Equity by CIL amounting to Rs. 996 crores. Before converting loan into 
Equity by CIL, the paid up share capital of BCCL was Rs. 1122 crores. After 
conversion,  paid up share capital of BCCL is Rs. 2118. However,  BCCL  was 
under  watch of BIFR u/s 23 of SICA. Since 1997 BCCL is  regularly  sending 
Annual Report of BCCL from time to time. 

After  completion of Accounts for the year 1999-2000, the net worth of  the 
Company  became negative and after making reference to BIFR, BCCL was  once 
again  registered  as Sick Company vide Registration No. 502/2001.  In  its 
first hearing held on 3.4.2002, BIFR dismissed the reference as time barred 
and  non-maintainable. BCCL made an appeal vide no. 92/2002 dated  7.5.2002 
to AAIFR under section 25 of SICA, challenging the order.

At  the AAIFR hearing held on 14.11.2002, after considering all  facts  and 
material  and timely submission of Reports, the case was remanded  back  to 
BIFR  for  proceeding  further  in accordance with  the  law.  After  above 
directive  of  AAIFR,  BIFR issued a notice of hearing which  was  held  on 
11.2.2004.  In the said hearing directed to submit Valuation Report of  the 
assets  of BCCL carried out by the company through a Govt. approved  Valuer 
and  Revival  Plan of BCCL. The Revised Revival Plan in the line  with  the 
approved revival scheme of Coal India Ltd. was considered by BCCL Board  at 
its  232nd meeting held on 2.4.2004. Revival Plan was submitted to BIFR  on 
12.4.2004. Valuation Report of the assets of BCCL was submitted to BIFR  on 
31.5.2004 valued by Govt. approved valuer, M/s. Devcon Engineers & Valuers, 
Kolkata. Thereafter no hearing of BIFR has taken place.

(B)  Submission  of rehabilitation scheme to Board  for  reconstruction  of 
Public Sector Enterprises.

Government of India constituted a Board for Reconstruction of Public Sector 
Enterprises  (BRPSE) by notification dated 6th December, 2004. The  Revival 
Plan  submitted  to  BIFR  was  sent  to  Ministry  of  Coal  for   further 
examination.   The   Controller   General  of   Accounts   (CGA),   Capital 
Restructuring  Cell, Department of Expenditure, Ministry of Finance,  Govt. 
of  India, while broadly agreeing with the revival strategy  formulated  by 
BCCL,  stressed  on  the  need for  closure  of  unviable  mines,  manpower 
rationalisation    and    production   enhancement    vide    letter    No. 
CGA/CRC/PSO/134/115  dated 24.1.2005 of Dy Controller General  of  Accounts 
(Capital Restructuring Cell).

As  per instruction of Ministry of Coal, BCCL submitted its  Rehabilitation 
Scheme in prescribed format to BRPSE in April, 2005 suitably modifying  the 
Revival  Plan  submitted  to  BIFR  on  12.4.04.  Considering  the  present 
scenario,  taking  into account the financial implication  arising  out  of 
finalisation  of  NCWA-VII and incorporating the suggestion of Dy.  CGA,  a 
modified Rehabilitation Scheme has been finalised and presented.

BRPSE  at  its  19th  meeting held on 29.8.2005  has  advised  MOC/BCCL  to 
resubmit  the Revival Proposal duly appraised by an independent  consultant 
for its consideration. Accordingly, BCCL Board at its 244th meeting held on 
21.1.06 appointed M/s CARE Advisory as independent consultant for appraisal 
of  Revival  Plan. Final Report of M/s. CARE Advisory on Revival  Plan  was 
accepted by BCCL Board at its 245th meeting on 21.4.2006. A copy of  report 
on revival plan was sent to Secretary (Coal), MOC and Chairman, Coal  India 
Ltd. for further action. 

As desired by BRPSE vide its letter no. BRPSE/3(33)2005 dated 21.5.2007, 18  
copies  of  the  each  of  the  following  documents  were  submitted   for 
consideration of BRPSE.

i) Updated Revival Proposal of BCCL (figures updated till 2006-07) 

ii)  Final  report  of M/s. CARE Advisory on appraisal  of  BCCL's  Revival 
report.

iii) Summarised note on Revival Proposal of BCCL.

iv) Annual Report of BCCL for the year 2005-06.

v) Provisional accounts with Schedules of BCCL for the year 2006-07.

While  evaluating the performance of the company for the year  2006-07,  it 
was observed that physical parameter achieved was more or less in line with 
those envisaged in the report of M/s. CARE Advisory. However, the financial 
parameter set could not be achieved due to various reasons. Further  during 
the intermediate period, changes had occurred in respect of various factors 
having a bearing on the operation of the company. 

As  desired  vide  letter  dated 21.5.07  from  Director  BRPSE  revival  / 
restructuring  proposal  of  BCCL duly updated with  the  latest  available 
information/figure  for  the  year 2005-06 and  2006-07  was  submitted  to 
Director MOC vide letter No. CMD/ES/F-2(B-07-412) dated 25.8.2007.

As  desired  by  Secretary  to the Govt. of  India,  MOC  vide  letter  No. 
13011/4/2004-CA-II  dated 20.9.2007, a summarized note on revival  proposal 
of BCCL was submitted to BRPSE in September 2007.

As  per  advice  of Under Secretary to the Government of  India,  MOC  vide 
reference No. 1301/4/2024-CA-II Vol.-II dated 20.2.2008, a PPT presentation 
on  the  revival  Proposal of BCCL was made before the  Board  during  56th 
meeting  of  the  Board for Reconstruction  of  Public  Sector  Enterprises 
(BRPSE) at New Delhi on 22.2.2008. 

As  conveyed  vide Office Memorandum No.  BRPSE/5(2)/2008  Dated  27.2.2008 
issued  by  Director,  BRPSE,  it  is  stated  that  BRPSE  has  given  its 
recommendation   for   revival  of  BCCL  under  ministry  of   Coal.   The 
Recommendation of BRPSE recorded in the minutes of 56th meeting of BRPSE is 
as follows:

QUOTE:

'17. Recommendation of the Board:

17.1  The Board discussed the revival proposal in detail and  having  taken 
into account all the relevant factors, the view of the MOC as well as  CIL, 
the holding company of BCCL recommended the following revival package: 

a) Cash infusion by Coal India Ltd.

Cash  support by the way loan upto maximum of Rs. 1350 crores as  per  year 
wise  phasing indicated in the report of M/s. CARE to be repaid by BCCL  as 
per prescribed repayment schedule.

b) Conversion of loan of CIL into interest free loan:

Conversion of past loan of Rs. 1083 crores of CIL into interest free w.e.f. 
1/4/05.

c) Waiver of interest, loan by CIL:

i) Waiver of interest by CIL in 2009-10 amounting to Rs. 493 crores accrued 
upto 31.3.2005 and not recognized as income in the books of CIL.

ii) Waiver of the loan of Rs. 1083 crores as on 1.4.2005 by CIL in the year 
in which BCCL shall be consequently enable to report a positive net-worth.

iii) Waiver of current account balance of Rs. 1456 crores as on 1.4.2003 by 
CIL  in  the year in which BCCL shall be consequently enabled to  report  a 
positive net-worth.

iv)  Waiver of accrued interest on other loans by CIL in the year in  which 
BCCL shall be consequently enabled to report a positive net-worth.

17.2  The Board advised MOC/CIL/BCCL to ensure that the funds  infused  are 
utilized strictly for the purpose for which they were meant.

17.3  The Board also advised MOC/CIL/BCCL to implement the  recommendations 
of  CARE on (i) improving the age profile of workforce, (ii)  strengthening 
the  costing system so that viability analysis of various  initiatives  and 
profitability  analysis  of  product/mines can be  carried  out  and  (iii) 
investment in information technology for implementation of enterprise  wide 
software solutions in BCCL.

17.4  The Board further recommended that BCCL should, after  implementation 
of the above revival package, achieve the projected performance outlined in 
para  12 above and the same should be indicated clearly in  the  Government 
orders sanctioning the revival package.

17.5 The Board further recommended that while Chairman, CIL should  monitor 
the implementation of the revival plan of BCCL on monthly basis. Secretary, 
MOC should also monitor it on regular basis. A compliance report should  be 
sent to the Board within one year.'

UNQUOTE:

The  relevant part of the minutes of the Meeting of REVIEW OF  COAL  SECTOR 
taken by Principal Secretary to Prime Minister on 3rd June 2008  circulated 
by  Director, PMO New Delhi vide reference No. 200/31/c/78/2005-ES.I  dated 
6.6.2008 reads as follows:

'REVIVAL  OF BCCL - The confirmed minutes of the meeting held on  22.2.2008 
by  BRPSE  for  revival package have been received.  The  matter  is  being 
referred to BIFR for further concurrence.'

36. Acknowledgement:

The Board of Directors of your Company wishes to record their deep sense of 
appreciation for the sincere efforts put in by the employees of the company 
and  the Trade Unions. Your Directors also gratefully acknowledges the  co-
operation,  support  and guidance extended to the company  by  the  various 
Ministries  of the Government of India in general and Ministry of  Coal  in 
particular, besides the State Governments. 

Your  Directors also acknowledges with thanks the assistance  and  guidance 
rendered by the Auditors, the Comptroller and Auditor General of India  and 
the Registrar of Companies, West Bengal and wishes to place on record their 
sincere thanks to the Consumers for their patronage.

37. Addenda:

The following are annexed:

i) The comments and review of the Comptroller and Auditor General of India.

ii)  Replies  to  the observations made by the Statutory  Auditors  on  the 
Accounts for the year ended 31st March, 2008.

iii) Statement pursuant to Sec. 212(i) (e) of the Companies Act, 1956. 

                                For and on behalf of the Board of Directors

                                                                       Sd/-
                                                    Partha S. Bhattacharyya
                                                                   Chairman
Place : Kolkata, 
Date  : the dated 24th July, 2008.