Full Form of CIL
CIL full form or full form of CIL is Coal India Limited. It is a state-owned coal mining corporation founded in November 1975. It produced around 80 Million Tonnes (MTs) of coal in its first year and is now the world's largest coal producer. Its headquarters are located in Kolkata, West Bengal. Shri Anil Kumar Jha is the Chairman and Managing Director of CIL as of July 2018.
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The full form of CIL is Coal India Limited and is a Maharatna company. The Maharatna status was bestowed upon it by the Government of India in April 2011. It has 82 mining areas and 7 wholly-owned coal producing subsidiaries, as well as 1 mine planning and consulting company. Apart from coal production, it also manages workshops, hospitals, and owns technical and management training institutes, as well as vocational training institutes or centres.
CIL owns the Indian Institute of Coal Management (IICM), a Management Training 'Centre of Excellence' and India's largest Corporate Training Institute. It offers multi-disciplinary leadership development programmes.
Initial Public Offering
The Government of India issued an initial public offering (IPO) of 10% of cil's equity shares (631.6 million equity shares) to the public in October 2010 at an offer price of 245 (which is US＄3.40) per share (at face value of 10 per share). The IPO was 14.17 times oversubscribed.it received bids for 2.4 lakh crore (equivalent to 4.3 trillion or US＄61 billion in 019) against an IPO issue size of 15,500 crores (equivalent to 280 billion or the US＄3.9 billion in 2019), making it the second-highest collections in any IPO in India. On the first day of its stock market debut, its shares surged 40% higher than the IPO price. CIL became the fourth most valuable company on the Indian stock exchanges after its listing, with a market value of 2.16 lakh crore (equivalent to 3.9 trillion or the US＄55 billion in 2019). On August 8, 2011, CIL was added to the 30-member BSE SENSEX.
The Government of India sold a further 10% stake in CIL in an offer for sale (OFS) on January 30, 2015. The sale, which was priced at 358 (US＄5.00) per share, netted the government 22,557.63 crores (equivalent to 270 billion or US＄3.84 billion in 2019), making it the largest ever equity offering in the Indian share market.
Operations
We've already talked about the CIL full Form. CIL is the world's largest coal-producing company. During the fiscal year 2015-16, it produced 536.51 MT (million tonnes) of coal. Coal India has 83 mining areas spread across eight Indian states. It has 430 coal mines as of April 1, 2015, with 175 open cast mines, 227 underground mines, and 28 mixed mines. During 2014-15, open cast mine production accounted for 92.91 percent of the total production of 494.24 MT. Underground mines accounted for 7.09 percent of total output.
CIL also operates 15 coal washeries, 12 of which are for coking coal and 3 for non-coking coal, with capacities of 23.30 MTY and 13.50 MTY, respectively. CIL's sole Low-Temperature Carbonisation Plant at Dankuni Coal Complex is currently operated under lease by its subsidiary SECL. Aside from the aforementioned, it also manages 200 other establishments such as workshops, hospitals, training institutes, mine-rescue setups, and so on.
Qualification and Eligibility Criteria
How to Apply for Coal India Limited ( Full Form of CIL) Recruitment 2021?
Coal India Limited (Full form of CIL) Notification is provided on their official site.
Read all of the information, and if you are eligible, download the application form.
Then the applicant needs to fill out the application form with your personal information.
Include copies of the necessary documents in the arrangement referred to in the official notice.
Send the completed Coal India Recruitment application form to the postal address listed.
FAQs on CIL Full Form
1.Who Can Apply for CIL?
Answer) With a minimum of 60% marks Or any other Engg. Degree with a PG Degree/Diploma in Environmental Engineering from a recognised University/Institute with at least 60% marks. Engineering degree in Electrical or Mechanical Engineering with MBA/PG Diploma in Management and at least 60% marks.
2. What is CIL? What is Cil Full Form?
Answer) The full form of CIL (CIL full form) is the state-owned coal mining corporation, Coal India Limited, which was established in November 1975. With an unobtrusive generation of 79 Million Tons (MTs) at the time of its inception, CIL is now the world's single largest coal producer. CIL is a summit body with 7 completely claimed coal creating auxiliaries and 1 mine arranging and consultancy organisation spread across 8 common conditions of India, operating through 82 mining territories. CIL also oversees 200 different foundations, such as workshops and medical clinics.
3.Is Coal India a Monopoly?
Answer) NEW DELHI: The government announced a slew of reforms to attract investments in India as part of its fourth round of stimulus on Saturday. The commercialization of coal is one of them. This would mean that Coal India's monopoly would be broken.
