CIL Partners with IIMs to Support PM's Gati Shakti Mission

Utkarsh Classes Last Updated 02-03-2024

CIL Partners with IIMs to Support PM's Gati Shakti Mission

Agreements and MoU 4 min read

Coal India Limited (CIL) signed MoU with IIM Mumbai and Sambalpur on March 1, 2024. This marks progress in multimodal coal transportation infrastructure aligned with Pradhan Mantri Gati Shakti National Master Plan-2021.

The agreement was signed in the presence of Union Minister Piyush Goyal. On this occasion, the MoU was exchanged in the presence of Coal India Chairman PM Prasad and MCL CMD Uday Anant Kaole.

Contribution to economic growth and environmental sustainability:

The partnership agreement between the two IIMs and Coal India promotes collaboration by combining industry knowledge with academic excellence. It promises a transformational increase in logistics efficiency. At the same time, it contributes to economic growth and environmental sustainability.

PGP-Ex Syllabus for MCL Officers:

Under this initiative, a year-long PGP-Ex course will be conducted for Coal India executives working in MCL and other subsidiaries.
This course will be based on “Logistics and Operational Excellence through Digitalization” for one year.

About Coal India Limited (CIL):

Coal India Limited is a public sector undertaking which is the largest coal producer and supplier in India.
It operates under the Coal Mines (Nationalisation) Act, 1973, which gives it a monopoly on coal mining and distribution in the country.
CIL was a wholly government-owned entity until disinvestment in 2010. Currently the government holds the majority stake with a share percentage of 67%.
The state-owned Coal India Limited Company came into existence in November, 1975.
CIL is the world's largest coal producer and one of the largest corporate employers.
It is a Maharatna company privileged by the Government of India to operate and expand state-owned enterprises.

Coal Production in India:

The contribution of coal in the total electricity generation in the country is 54%.
99% of India's total coal reserves are found in the Gondwana Formation. Which was formed during the Carboniferous and Permian periods. The remaining coal is from the Tertiary period.
Gondwana coal field is mainly the coal field of river valleys like Damodar, Son, Mahanadi, Godavari, Pench, Wardha etc.
Damodar Valley Coal Field – Jharia, Bokaro, Giridih, Karnapura etc. coal fields in Jharkhand and West Bengal.
Son Valley Coal Field – Singrauli, Sohagpur, Umaria, Tatapani coal fields in Madhya Pradesh and Uttar Pradesh.
Mahanadi Valley Coal Field – Korba and Talcher areas in Chhattisgarh and Orissa.
Godavari Valley Coal Field – Singareni Coal Field in Telangana.
Wardha Valley Coal Field- Chandrapur, Yavatmal and Nagpur areas in Maharashtra.
Tertiary coal fields are widespread in Meghalaya, Upper Assam, Arunachal Pradesh and Jammu and Kashmir.