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Coal India Ltd (COALINDIA) -BSE
152.65 1.80 (1.19%) 09-Dec-2021 |12:37
PREV.CLOSE OPEN PRICE HIGH(Rs) LOW(Rs) VOLUME(Rs) 52AVG.RANGE MARKET CAP(Rs.Cr) P/E Div Yield (%) Eps (Rs)
150.85 151.3 152.85 150.75 243830 203.85 - 123.45 92964.76 9.92 10.61 15.21
Directors Report

To

The Members, Coal India Limited

Ladies and Gentlemen,

On behalf of the Board of Directors, I have great pleasure in presenting to you, the 47th Annual Report of Coal India Limited (CIL) and Audited Accounts for the year ended 31st March, 2021 together with the reports of Statutory Auditors and Comptroller and Auditor General of India thereon.

Coal India Limited (CIL) is a ‘Maharatna' company under the Ministry of Coal, Government of India with headquarter at Kolkata, West Bengal. CIL is the single largest coal producing company in the world and one of the largest corporate employers with manpower of 259016 (as on 1st April, 2021). CIL operates through 85 mining areas spread over eight (8) provincial states of India. Coal India Limited has 345 mines (as on 1st April, 2021) of which 151 are underground, 172 opencast and 22 mixed mines.

CIL has eight fully owned Indian 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). In addition, CIL has a foreign subsidiary in Mozambique namely Coal India Africana Limitada (CIAL). CIL has incorporated two new subsidiaries i.e. CIL Navikarniya Urja Limited for development of non-conventional/clean & renewable energy and CIL Solar PV Limited for development of solar photovoltaic module. The mines in Assam i.e. North Eastern Coalfields (NEC) is managed directly by CIL. The operations are temporarily suspended at NEC with effect from 3rd Jun'2020 due to non-availability of forest and other statutory clearances.

Mahanadi Coalfields Limited, a subsidiary of Coal India Ltd is having four (4) Subsidiaries, SECL has two (2) Subsidiaries and CCL has one (1) subsidiary.

1. STATE OF COMPANY AFFAIRS

1. CIL produced 596.22 MT during 2020-21 under very challenging conditions.

2. SECL achieved over 150 MT production for the third successive year, NCL joined SECL & MCL to achieve more than 100 MT for the third successive year, WCL joined CCL to achieve more than 50 MT for the third successive year.

3. ERP became live in CIL, MCL & WCL w.e.f. 21.01.2021

2. FINANCIAL PERFORMANCE

2.1 Financial Results (CIL Consolidated)

For the year, 2020-21, CIL has achieved an aggregate Pre-Tax Profit of Rs 18,009.24 Crores and post-tax profit of Rs 12,702.17 crores as against pre-tax profit of Rs 24,071.32 crores and post-tax profit of Rs 16,700.34 crores in 2019-20. The subsidiary wise details of Pre-tax Profit are given in Annexure 1.

Highlights of performance

The performance of Coal India Limited (Consolidated) for the year 2020-21 compared to the previous year are shown in the table below:

Particulars 2020-21 2019-20
Production of Coal (in million tonnes) 596.22 602.14
Off-take of Coal (in million tonnes) 574.48 581.92
Sales (Gross) (Rs/Crores) 126786.13 134979.13
Capital Employed (Rs/Crores) 110136.82 101259.19
Net Worth (Rs/Crores) 36499.58 32138.35
Profit Before Tax (Rs/Crores) 18009.24 24071.32
Profit for the Period (Rs/Crores) 12702.17 16700.34
Total Comprehensive Income for the period ( Rs/Crores) 12066.66 15365.61
Return on Average Capital Employed (%) 16.20 22.60
Return on Average Net Worth (%) 37.01 57.02
Earning Per Share (Rs)(Considering Face Value of Rs10 per share) 20.61 27.12
Dividend per Share (Rs)(Considering Face Value of Rs10 per share) 12.50 12.00
Inventory Turnover Ratio (as no. of months) 1.06 0.79
Debtor Turnover Ratio (as no. of months) 1.61 0.88

Transfer to Reserves General Reserves:

During the year 2020-21, a sum of Rs 721.38 crore (previous year Rs 758.75 crores) was transferred to General Reserves out of CIL Consolidated profits.

Capital Reserves:

Grant / Funds received under S&T, PRE, EMSC, CCDA etc. as an implementing agency and used for creation of assets are treated as Capital Reserves and depreciation thereon is debited to Capital Reserves Account. The ownership of the asset created through grants lies with the authority from whom the grant is received. The balance of grants as on 31st March'21 and 31st March' 20 was Rs 17.78 crores and Rs 18.57 crores respectively.

2.2 Dividend Income and Pay Outs (CIL Standalone)

While the financial statements of both CIL (Standalone and Consolidated) are presented separately, only CIL Standalone is listed and relevant for dividend payment to its shareholders. The dividend to its shareholders are paid out of CIL's Standalone income, the major part of which constitutes the dividend income received during 2020-21 from its three profit making subsidiaries i.e. NCL, MCL and CMPDIL. The breakup of such dividend received and accounted for during the year from different subsidiaries are given in Annexure 2.

Holding of Government of India in CIL stands at 66.13% of Total Equity share capital as at 31st March, 2021.

During the year 2020-21, CIL Standalone had paid two interim dividends of Rs 7703.43 crores @ Rs 12.50 per share of Rs10/- each fully paid up. Out of above total dividend, the share of Govt. of India was Rs 5094.55 crores and for other shareholders, Rs 2608.88 crores. (previous year –Total Dividend Rs 7395.27 Crores; Govt of India - Rs 4890.76 crores and Other shareholders - Rs 2504.51 crores) Further, Board of Directors have recommended a final dividend of Rs3.50 per equity share for the financial year 2020-21 on 14th June, 2021 which is subject to the approval of shareholders in the Annual General Meeting (AGM) of the Company to be held for the financial year 2020-21.

2.3 Supplementary Audit of Financial Statements by Comptroller and Auditor General of India (C&AG).

There are no comments issued by the office of the C&AG either on Standalone or Consolidated Financial Statements of the company for the year 2020-2021 on supplementary audit conducted under section 143(6)(a) [and also read with Sec 129(4)] of the Companies Act, 2013. The comments on supplementary audit of Standalone and Consolidated Financial Statements are enclosed as Annexure 3 and Annexure 4 respectively. 2.4 Management Explanation on Statutory Auditor's Report

The statutory auditors of the company have given an unqualified report [Annexure 3(A) and Annexure 4(A)] on the Standalone Financial Statements and Consolidated Financial Statements respectively of the company for the financial year 2020-21. However, they have drawn attention to certain matters under "Emphasis of Matters".

In the audit report on Standalone Financial Statement, under emphasis of matter paragraph in point a) regarding non-current investments in two wholly owned subsidiaries of CIL; the matter has been adequately explained in footnote 1 of note no.7.

In point b), c) and d) of audit report of standalone financial statements and in point 1), 2) and 3) of audit report of consolidated financial statements; regarding temporary suspension of mining operations at Tikak, Tipong and Tirap mines at NEC including impairment of assets of these mines including lekhapani, the matter has been adequately explained in point no. 37(5)(m) and 38(7)(t) of additional notes to Standalone and Consolidation Financial statements respectively.

In point e) of audit report of standalone financial statements and point 12) of audit report on consolidated financial statement regarding non recognition of actuarial liability for CPRMSNE for which the amount is not ascertainable.

Related to CCL; In point 4) of audit report on consolidated financial statement, regarding pending fixation of price mechanism of washed medium coking coal supplied, in point 5) regarding contingent liability towards penalty for mining of coal in excess of the environmental clearance limit in respect of certain mines at CCL; these matters have been adequately explained in the note no. 38 (7) (l)(vi) and note no. 38.5(a)(I) of the Consolidated Financial Statements respectively. In point 8), regarding contaminated clean coal, the grade analysis is still pending for the contaminated clean coal lying at Kathara Washeries. In point 9) regarding compensation of land; the matter has been explained under note 38 (7) (l) (vii) of the consolidated financial statements.

Related to NCL; In point 6) of audit report on consolidated financial statement, regarding contingent liabilities; the interest on disputed demand of statutory levies has been considered till the date of demand notice issued by concerned authorities. In point 7) regarding mine closure provision of closed and abandoned mines, the final recommendation of CMPDIL is under consideration for final approval by management. Until the final approval, status quo is being maintained.

In point 10) of audit report on consolidated financial statement, regarding emphasis matter of capitalization of GST on capital goods of WCL and SECL; the group has decided to capitalize the input tax on GST paid for capital goods during 2020-21.

In point 11) of audit report on consolidated financial statement, regarding balance confirmations of certain assets and liabilities; the letters for balance confirmations have been issued by subsidiaries.

3. COAL MARKETING

3.1 Sale of Coal

The raw coal offtake during 2020-21 was 574.48 Mill Tes [including 1.8 Mill Tes of coal purchased from Odisha Coal and Power Limited (OCPL) and resold by MCL in terms of the provisions for sale of excess coal by OCPL to CIL as per the Coal Mine

Development and Production Agreement entered between Government of India and OCPL and 0.7 MT of coal which was sold from Talabira mines through e-auction as per guidelines of Ministry of Coal] compared to 581.92 Mill Tes during 2019-20. Although there was a decline of 21% in offtake in the first quarter, due to Covid pandemic induced lockdown, company, with its efforts, reversed the trend and achieved a growth of 6% in the remaining period of the year, restricting the decline in offtake only by 1.3% during 2020-21 compared to 2019-20.

Company-wise target vis--vis actual off-take for 2020-21 compared to 2019-20 are shown in Annexure-5. z Some of the causes that attributed to the dip in coal offtake during 2020-21 compared to last year are as under: a) Inspite of the demand projection of 526 MT projection given by MOP for the Power sector on CIL during the fiscal 2020-21, only 444.97 MT of coal had been lifted by the sector and which is even below the last year intake by 4% b) Negative growth of -21% in the first quarter due to country wide lockdown because of covid-19 pandemic. c) Dispatch through road mode dropped by around 28% primarily due to the impact of nation-wide lockdown imposed during Covid-19 pandemic. d) Due to amendments in MOEF guidelines, loading through Private Washeries was also affected. Only 8.1 rakes/day were loaded from Pvt. Washeries during the fiscal as against 23.6 rakes/day last year. e) Strike at Taparia by villagers since 19th Jan' 21 till the end of the financial year in protest of poor condition of Bankibahal to Taparia Road affected road dispatch to the extent of 2.5 million Tonnes (approx 35000 tes/day) from Kulda OCP & Garjanbahal OCP at MCL. f) Some unforeseen constraints in sizing, crushing and transportation of coal also hindered the coal dispatches in SECL and WCL. z Despatch of coal and coal products during 2020-21 was at 573.60 MT. 444.97 Mill Tes of CIL coal was despatched to the major consumers of coal, i.e., the power sector consumers. Sector-wise break-up of dispatch of coal & coal products for 2020-21 against the target and last year's actual is given in Annexure-6. z Auction of coal through Spot e-Auction, Special Spot e-Auction, Special Forward e-Auction for Power and Exclusive e-Auction for Non-Power schemes had continued during 2020-21. In addition, a new e-Auction scheme was introduced during 2020-21 i.e.

Special Spot e- auction scheme for Import Substitution (SSEA-IMS) with the aim to substitute imported coal with domestic coal in consonance with the spirit of "Aatmanirbhar Bharat". z In the backdrop of the depressed market scenario arising out of lockdown, CIL took series of measures to stimulate demand. Some of them are as under: a) The Reserve price of different e-auction was pegged at par with the notified price for the period Apr-Sep'20. b) The Performance Incentive for Power FSAs had been waived for entire Financial Year (FY) of 2020-21. c) The Force majeure relief was extended to FSA Consumers for the period between April'20 & May'20, following the GOI guidelines. d) The Non-power sector FSA consumers were allowed to book unlifted/unbooked quantity in the subsequent months within FY' 2020-21. e) The facility of conversion of mode of supply from Road to Rail and vice versa was also provided to customers/consumers. f) Additional payment mode option of IRLC/Usance LC was provided to the consumers. g) Power sector was allowed to book up to 120% of their ACQ. h) Power sector was also given option to increase the trigger level from 75% to 80% i) In case of the hinterland plants linkages were granted by SLC(LT) at 90% of the normative requirement of Power Plant.

Thereafter, to enable the power plants to run their plants with 100% domestic supplies, SLC(LT) enhanced the linkage by the remaining 10% of the normative requirement. z In spite of the subdued demand scenario due to Covid-19, CIL achieved a major milestone during FY 2020-21 by successfully booking 124 MT of coal under E-auction channel. This is the highest booking of coal under E-auction since its inception, surpassing the previous highest booking of 113.6 MT achieved in FY 2016-17. The quantity booked under E-auction during 2019-20 was around 66 MT.

3.2 Long term demand creation z Additional long-term demands are created through linkages allotted through the below mentioned schemes formulated by the government: A. Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India (SHAKTI), for Power Sector notified by the government on 22nd May' 2017.

B. Auction of coal linkages to Non-Regulated Sector (NRS) notified by the government on 15th Feb' 2016.

A. SHAKTI:

Until 2020-21, MoC has recommended for signing of FSA with 9 Thermal Power Plants (TPPs) under the provisions of Para A(i) of SHAKTI for an Annual Contracted Quantity of 22.513 MT and FSAs have been signed with 8 TPPs for the ACQ of 21.413 MT. Also, on the recommendation of SLC(LT), FSAs have been signed under the provisions of Para B(i) of SHAKTI with 6 Central/State Gencos for an ACQ of 18.809 MT as on 31.3.2021 Three rounds of auction have been conducted under Para B (ii) of SHAKTI wherein linkages of 32.95 MTPA has been booked by the power plants, out of which FSAs for 31.32 MTPA had been executed until 2020-21. The levelized discounts in tariff offered by the power plants in the three rounds of the auctions was in the range of 1p/kWh to 10 p/kWh.

Under Para B (iii) of SHAKTI, linkage of 6.48 MTPA had been booked by the power plants, out of which FSAs for 4.84 MTPA had been executed until 2020-21.

Further, auctions under para B (viii-a) covering para B (iii) of SHAKTI policy were also conducted during 2020-21 for all the four quarters of the financial year wherein 2.97 MT was booked by the power plants. Out of this, FSAs for 2.73 MT was executed by the power plants.

B. Auction of coal linkages to Non-Regulated Sector:

Fresh linkages to consumers in Non-Regulated Sector (NRS) are granted through auction linkages conducted in terms of the policy formulated by the government on 15th Feb' 2016. The coal against the linkages secured in the linkage auctions are supplied under FSAs to be executed for a period of 5 years, the tenure of which can be extended further for 5 years upon mutual consent. In case of Steel Sector, the FSA tenure has been increased to 15 years, with a provision of mutual extension by another 15 years.

Tranche V of NRS Linkage auction commenced with Steel (coking) subsector auction in October 2019 where 1.30 MTPA coal was booked at the notified price. Subsequently, auction of Sponge Iron subsector conducted during December 2019 where 4.19 MTPA coal was booked with a premium of 19.2% over the notified price.

Thereafter, NRS Linkage auction of the remaining subsector of Tranche -V was put on hold, initially due to certain changes in the normative calculation methodology in the scheme/system, as per direction of MoC, and subsequently due to volatile market arising out of lockdown. Once the market stabilizes, CIL will commence linkage auction for the remaining subsector of tranche V.

Cumulatively, in all the four tranches and fifth tranche (ongoing), linkages of 86.04 MTPA have been booked by the NRS consumers at weighted average premium of 19.37% over the Notified Price. The additional premium shall be applicable throughout the tenure of these FSAs over the notified price applicable from time to time for the supplies.

3.3 Long term demand committed through FSAs:

Considering the FSAs executed earlier with the power plants under the provisions of NCDP and FSAs executed under various provisions of SHAKTI, the operative linkage for a total quantity of about 582 MTPA exists with the Power Sector as on 31st Mar' 2021, which is bound by a long term supply commitments through FSAs.

The total commitments with Non-Power consumers, including the ACQ against the operative FSAs executed under the earlier linkage regime under NCDP, linkages secured under the linkage auction policy for Non-Regulated Sector notified by the government on 15th Feb' 2016 and the FSAs executed with State Nominated Agencies, stands at 86 MT as on 31st Mar' 2021.

To cope up with any scenario of deficit in availability of coal, provision exists in the FSAs to peg the supplies at various levels of commitment.

3.4 Consumer satisfaction z 3.4.1 Quality Management

For enhanced customer satisfaction, special emphasis has been given to Quality Management of coal from mine to dispatch point.

Now, all the consumers of CIL have the option for quality assessment of the supplies through independent third-party sampling agencies. In order to ensure supply of good quality/sized coal, two reputed global quality assurance service providers namely COTECNA Inspection India Private Limited and SGS India Private Limited have been engaged in addition to the existing third-party agencies for undertaking the job of sampling and analysis of coal samples at loading end in CIL subsidiaries.

In order to monitor coal quality, a portal ‘UTTAM' (Unlocking Transparency by Third Party Assessment of Mined Coal) has been launched by CIL to capture the entire cycle of sample. With the help of this portal, information of coal quality on regular basis is accessible to Consumers. The coal companies and CIL can monitor the same through web based ‘Coal Quality Monitoring Portal'.

Out of 58 coal testing laboratories across the subsidiary companies of CIL, 50 laboratories are now NABL accredited and accreditation process is underway for the balance 08 laboratories.

As the result of conscious and continuous measures taken towards quality maintenance, the gap between the weighted average of declared and analyzed GCV of coal reduced remarkably to 23 Kcal/Kg in 2020-21 from 61 Kcal/Kg in 2019-20, narrowing down the variation well within one GCV band. z 3.4.2 Linkage Rationalization

Linkage rationalization initiatives to reduce the cost of transportation of coal and cost of generation of power were continued during the year

2020-21 also. Under the ambit of the linkage rationalization policy notified by the government on 15th May' 2018, sources of linkage for 11 MTPA for the State / Central Gencos was rationalized in 2020-21, yielding a potential savings in transportation cost by about Rs1167 crs. Rationalization in respect of IPPs is in the process.

3.5 Coal Beneficiation:

CIL is presently operating 13 Coal Washeries with a total washing capacity of 35.38 MTY. Out of these, 11 are coking coal washeries and balance 2 are non-coking, with capacities of 24.38 MTY and 11 MTY respectively. The total washed coal production including middlings from these existing washeries during 2020- 21 was about 12.29 MT.

CIL had commissioned Patherdih 1 (5 MTY) which is under commercial operation since July 2020. To enhance the beneficiation capacity of coking coal, CIL is setting up further 4 new Washeries in BCCL having total throughput capacity of 12 MTY. Out of these, 3 are under construction (9.5 MTY) and 1 (2.5 MTY) under tendering. 2 coking coal washeries are also being set up in CCL with a total capacity of 7 MTY. These washeries are expected to be operational between 2021 and 2023. More washeries are being explored to wash the surplus coking coal to minimize import of coking coal for Steel Sector.

CIL also has plans for setting up non-coking coal washeries in MCL. One is under construction and if more demand is there for beneficiated coal at value added prices, 2 more washeries may be set up.

3.6 Stock of Coal

The stock of coal (net of provisions) at the close of the year 2020-21 was Rs 7619.11 Crores (previous year Rs5199.51 crores), which was equivalent to 1.11 months value of net sales (previous year 0.70 months). The company-wise position of stock held on 31st March 2021 & on 31st March 2020 are given in Annexure 7.

3.7 Trade Receivables

Trade Receivables i.e. net coal sales dues outstanding as on 31st Mar, 2021, after providing Rs 2542.73 crores (previous year Rs 1887.90 crores) for bad and doubtful debts, was Rs 19623.12 crores (previous year Rs 14408.22 crores) which is equivalent to 1.86 months Gross Sales of CIL as a whole (previous year 1.28 months). Subsidiary-wise break-up of Trade Receivables outstanding as on 31st March 2021 as against 31st March 2020 are shown in Annexure 8.

3.8 Payment of Royalty, Cess, Sales Tax, Stowing Excise Duty, Central Excise Duty, Clean Energy Cess, Entry Tax & Others

During the year 2020-21, CIL and its Subsidiaries paid/adjusted Rs 41987.79 crores (previous year Rs 43058.72 crores) towards Royalty, GST, GST Compensation Cess, Cess, Sales Tax and other levies as detailed as per details given in Annexure 9.

4. COAL PRODUCTION & FUTURE OUTLOOK

Raw coal production and production from underground and opencast mines.

Production of raw coal was 596.22 Mill Te during 2020-21 against 602.14 Million Tonne during 2019-20. Production from Opencast mines during 2020-21 was 95.56% of total raw coal production.

Subsidiary wise production, production from underground and opencast mines and coking and non-coking production are given in Annexure 10. Washed Coal (Coking) Production-Subsidiary-wise production of Washed Coal (Coking) is given in Annexure 10A.

Overburden Removal-Company-wise overburden removal is disclosed in Annexure 10B. FUTURE OUTLOOK

Based on the demand projection in ‘Vision 2024' for coal sector in the country and subsequent demand projection on CIL, a roadmap has been prepared to project production plan in medium term wherein CIL has envisaged 1 Billion Tonne (Bt) coal production in the year 2023-24 to meet the coal demand of the country. To achieve this target, CIL has identified major projects and assessed their related issues.

The capital expenditure for the year 2021-22 has been set at Rs17000 Crores. Further, as per the investment plan, CIL has planned to invest substantial amount in diversification projects viz. Solar Power, Thermal Power Plant, Revival of Fertilizer Plants, Surface Coal Gasification (SCG), CBM, Rail Wagon procurement etc. during 2021-22.

5. POPULATION OF EQUIPMENT

The Population of Major Opencast Equipment (Heavy Earth Moving Machinery) as on 1st April, 21 and as on 1st April, 20 along with their Performance in terms of Availability and Utilization expressed as percentage of CIL norm is mentioned in Annexure 11.

About 200 nos. of old and outlived major HEMM have been surveyed-off in 2020-21 while Purchase Orders for 5 nos. 24/96 Dragline amounting to Rs 2400 Crores and 96 nos. 240T 7dumpers amounting to Rs 3200 Crores have been placed.

In the Financial year 2021-22, CIL is planning to procure High Capacity Equipment of more than Rs 9000 Crores viz, 1 no. Dragline, 35 nos. Shovels, 112 nos. Dumpers and 43 nos. of Dozers for enhanced coal production target in the coming years.

6. CAPACITY UTILIZATION

During 2020-21, total volume of coal and overburden handled by CIL was about 1717 M. Cum. The overall system capacity utilisation of CIL thus worked out to be 80.57 %.

Overall capacity utilisation of CIL was affected mainly due to outbreak of pandemic and to delay in physical possession of land, R&R and related law & order issues, encroachment, diversion of forest land, heavy rain and contractual issues.

The outbreak of COVID-19 pandemic and imposition of subsequent lockdown resulted in subdued demand of coal by power and non-power sector during FY21 which adversely affected coal production & offtake of CIL. Coal production was regulated due to high pit head coal stock, sufficient coal stock at power houses end and less offtake.

Subsidiary wise Capacity utilisation given in Annexure 12.

7 PROJECT FORMULATION

7.1 Project Implementation: a) Projects Completed During the year 2020-21:

9 coal projects, with a sanctioned capacity of 27.60 MTY and sanctioned capital of Rs 1976.59 Crores were completed with a total completion capital of Rs 1958.89 Crs. during the year 2020-21. Details are given in Annexure 14.

b) Project started Production during the Year 2020-21:

1 Project with a sanctioned capacity of 1.4 MTY and sanctioned capital of Rs 143.63 Crs. had started coal production during the year 2020-21. Details are given in Annexure 14.

c) Status of Ongoing Projects (Costing Rs 20 Crores & above):

114 coal projects with a sanctioned capacity of 836.48 Mty and a sanctioned capital of Rs 119580.62 Crores. are in different stages of implementation out of which 75 Projects are on schedule and 39 Projects are delayed. The major reasons for delay in implementation of these projects are delay in FC and possession of land and issues related to R&R.

7.2 Projects Sanctioned (Costing Rs 20 Crores & above): a) PR/UCE/RPR/RCE sanctioned by CIL Board & Subsidiary Board during 2020-21:

36 Mining Projects with sanctioned capacity of 332.77 MTY and sanctioned capital of Rs 59227.03 Crores were approved by CIL and Subsidiary Company Boards during 2020-21. Details are given in Annexure 14.

b) Non-Mining Projects sanctioned by CIL & Subsidiary Board during 2020-21:

5 non-mining projects with a Sanctioned capital of Rs 6843.09 Crores were approved during 2020-21. Details are given in

Annexure 14. 7.3 Key Strategies: Strategies for Coal Evacuation:

Company had adopted following strategies for development of coal evacuation infrastructures:

First Mile Connectivity (FMC) Projects:

CIL is implementing 35 FMC Projects for eliminating road transportation of coal in mines having capacity of 4 Mty and above. This entails capacity creation of mechanized conveyor system and computerized loading system (SILOs) in such a way that, wharf wall loading by pay loaders is eliminated by year 2023-24 (FY 24). This shall provide various benefits including but not limited to savings in diesel costs, demurrage charges and transportation charges, health benefits etc.

35 FMC projects with 414.5 Mty capacity, with an awarded value of Rs 10500 Crores. has been identified for implementation.

Three projects of 30 MTA capacity viz. Kusmunda PH-I (10MTPA), Lingaraj (16 MTPA) and Krishnashila (4 MTPA) had been commissioned. 8 Projects of 107 MTPA are under construction and LOA/WO has been issued for 22 FMC Projects of 258 MTPA. NIT for 2 projects of 19.5 MTPA capacity were floated.

Status of Rail Projects:

As of now, CIL had identified 07 Railway Projects for evacuation of coal, out of which 03 were funded by CIL on deposit basis and 04 were funded through JVs/SPVs by CIL. The status of these projects were as under:

Funded by CIL on Deposit Basis:

1) Tori-Shivpur New BG Double line (43.70 KM) - Commissioned. Tripling of this rail line has been sanctioned with an additional capital of Rs 894 Crs. which shall increase its capacity from 32 MTPA to 100 MTPA.

2) Jharsuguda –Barpali- Sardega New BG single line (52.41 KM) - Commissioned. Doubling of this Rail line from Jharsuguda to Sardega along with seven coal loading bulbs at Barpali and double line Fly-over at Jharsuguda and along with Augmentation works of Jharsuguda Railway Station has been planned to be constructed at an estimated capital of Rs 3769.12 Crs., thereby enhancing its capacity from 34 MTPA to 65 MTPA.

3) Rail Connectivity of Lingaraj SILO with Deulbeda siding at Talcher Coalfields of MCL – Work in progress (90%). Likely to be commissioned by August, 2021

Funded through JVs/ SPVs by CIL:

1) Mahanadi Coal Rail Ltd (MCRL) - Angul- Balram rail link, 13 Km in Talcher coalfield of Odisha – Work is in progress in 0-8.6 Km track length. The overall work progress is 40%.

2) Jharkhand Coal Rail Ltd (JCRL) - Shivpur-Kathautia Railway Line, 49 Km in North Karanpura Coalfield of Jharkhand – Land acquisition is in progress.

3) Chhattisgarh East Rail Ltd (CERL) - East Rail Corridor in the state of Chhattisgarh – Phase – I – Kharsia to Korichhapar (0-44 KM) commissioned on 12th Oct' 2019. Engine trial run completed in the Korichhapar to Dharamjaigarh (44-74 Km) section on 30th Dec' 2020. Commissioning expected by 30th June, 2021.

Construction Works of doubling between Kharsia- Korichhapar and the first block section of the spur line from Gharghoda to Bhalumuda (0-14 Km) are in progress.

4) Chhattisgarh East West Rail Ltd (CEWRL) – East West Rail Corridor in the state of Chhattisgarh. Financial Closure achieved in Sep'20. Two big value Civil Tender were floated in September, 2020 and discharged/cancelled in April, 2021. Tenders re-floated on 7th April' 2021 and 17th April' 2021. Expected to be awarded by August, 2021. Physical Progress is about 22% as on 31st March 2021.

7.4 Achievement in Acquisition and Possession of land:

In all the subsidiaries of Coal India, the major portion of land is possessed which were acquired under Coal Bearing Areas (Acquisition & Development) Act, 1957. During 2020-21, notification U/S-9 (1) has been issued for 1978.99 Ha and notification U/S-11 (1) has been issued for 2027.46 Ha of land.

During 2020-21, 2675.43 Ha of land had been taken physical possession in different Subsidiaries of Coal India.

7.5 System Improvement in Project Monitoring:

CIL had developed WEB Based Online Monitoring System for monitoring implementation of coal projects. The portal has all important information related to salient features, Land, R&R, EC, Production, financial information, Milestones etc. which is updated regularly. The progress of projects are reviewed based on the information uploaded on the portal.

Apart from this portal, the progress of implementation of all the ongoing projects costing more than Rs 20 Crores. are being monitored through Master Control Networks (MCNs), developed in MS project software and uploaded in project server.

These networks are updated regularly online. The important information of these MCNs are fetched on Dashboard created on Power BI for decision making at higher level.

Crucial issues are also being uploaded by CIL and its Subsidiary Companies on the e-CPMP Portal of MOC and MOC is vigorously following up with the State Governments and other associated ministries by holding meetings with concerned officials to expedite EC & FC clearances.

7.6 One Billion Coal Production Programme

Based on the assessment of demand projection in the country and consequent share of CIL, CIL had prepared a road map for 1 Bt. coal production by the year 2023-24. The 1Bt coal production plan was conceived on Best-Effort-Basis by the subsidiaries, maximizing their production projections, indicating the associated enabling conditions, e.g. green clearances, land & R&R, and other required development activities like development of evacuation infrastructure.

However, COVID-19 pandemic has triggered a trend of subdued demand across all segments of the economy due to which the demand for coal has taken a severe beating during FY21.This has resulted into low offtake and high pit head stock. Deployment of resources by Contractors especially in various infrastructure projects was affected resulting in slow progress. It was further envisaged that this trend is likely to continue as long as the pandemic and its effects persist.

In view of the above scenario, the pace of implementation of 1 Bt programme shall definitely be governed by coal demand scenario. Though CIL is all set for implementing the proposed programme on Best-Effort basis for achieving the targets, yet in view of the projections of low demand from power sector and accumulated pithead stock, the review of the programme will be taken up with MoC to avoid lot of wastage of resources and further addition to already huge idle inventory of coal which shall prevent losses due to quality deterioration, incipient fire and pilferage. The review shall also prevent further addition to already accumulated large amount of Trade receivables.

8. CONSERVATION OF ENERGY

Conservation of energy always remains a priority area and CIL/Subsidiaries have extensively exercised various measures towards reduction in specific energy consumption.

8.1 Energy Consumption scenario

Coal Production has decreased by 0.95% in 2020-21 compared to 2019-20 however there is overall increase in excavation of combined coal & OB. Electricity consumption in CIL as a whole in 2020-21 was 4689.67 million units. Total amount paid for energy Bill in 2020-21 was

Rs 3518.77 crores against Rs 3409.63 Crores in 2019-20, an increase of 3.2%. z In terms of total coal production, specific energy Consumption, for CIL as a whole, during 2020-21 was 7.86 kWh/T z In terms of composite production (in m3), Specific Energy Consumption during 2020-21, for CIL as a whole, was 2.72 kWh/m3 vis--vis 2.91 kWh/m3 during 2019-20 with an overall decrease of 6.53% as CIL registered 17.34% growth in OBR in 2020-21 as compared to 2019-20.

8.2 Electrical Energy Audits conducted in 2020-21

(i) 7 electrical energy audits were conducted by CMPDIL for different subsidiaries of CIL. (CCL-5 nos., NCL-1 no., BCCL-1 no.) It has been done for 05 mines in CCL during 2020-21 namely Churi UG, Sayal-D UG, Topa OCP, Kargali OCP & Piparwar OCP. In NCL energy audit was undertaken in Kakri OCP. In BCCL it was taken up in New Akashkinaree Colliery, Govindpur Area. Estimated saving from energy conservation measures in above mines shall be around Rs 48.39 lakh kWh per year with an estimated reduction of Rs 272.2 lakhs per year in power bill.

(ii) Energy audit has been conducted departmentally through certified energy manager of ECL in two of its mines, Bonjemihari OCP, Salanpur Area & in Parascole West UG, Kajora Area in 2020-21.Net Saving of Rs 12.6 lakhs per year is envisaged by adopting energy conservation measures.

8.3 Energy Conservation measures

Some of the salient measures taken by CIL/Subsidiaries for energy conservation are as under: -

1) Use of LED lights - High wattage luminaries /conventional light fittings have been replaced with low power consuming LEDs of appropriate wattage in majority of the places for quarry lighting,UG mine lighting,street lighting, office and other work places, townships etc., thereby resulting in huge saving potential in electricity consumption. In 2020-21, 98,522 LED lights (ECL-5752, MCL-18378, WCL-9490, NCL-32207, BCCL-5000, SECL-18521, CCL-6000, CMPDIL-790 & CIL HQ- 2384 nos.) of different wattage rating have been installed with energy cost saving of approximately Rs. 8 crores.

2) Improvement of Power Factor - Almost all the areas of the subsidiary companies have maintained Power Factors as high as 95% or more during 2020-21 by installing capacitor banks of appropriate kVAR rating. There are some remarkable saving from power factor improvement in some of the subsidiaries such as ECL- Rs 13.75. crores, MCL - Rs 2.01 crores, SECL- Rs 4.64 crores, NCL- Rs 3.07 crores & WCL- Rs1.48 crores. In other subsidiaries, the power factor improvement rebate is adjusted in overall energy billing.

3) Installation of ground & Roof Mounted Solar Power Plant in different command areas of CIL:

Installed Solar Capacity earlier to 2020-21 : Ground mounted – 2000 KW(MCL) & Roof Top Solar- 2862.3 KW (inclusive of all subsidiaries & CIL HQ) Solar Capacity addition in 2020-21 : 350 KW Roof Top solar in BCCL (Commissioned in Mar 21) 100 KW Roof Top Solar in CMPDI RI-IV, Nagpur (Commissioned in Mar 21)

Roof Top Solar Plant tendered in 2020-21 : 10.1 MW

Ground mounted Solar Plant tendered in 2020-21 : 95 MW CCL-20 MW, BCCL-25 MW, NCL- 50 MW

CIL won installation of 100 MW Solar power plant at Gujarat in Mar 21 through tariff based reverse bidding by participating in the tender floated by Gujarat Urja Vikash Nigam Limited(GUVNL) 8.4 Solar Energy generation : CIL & Subsidiary Companies are pursuing use of renewable energy sources. Subsidiarywise Solar energy generation in 2020-21 is as under :

Subsidiary Total Installed Solar Capacity (KWp) upto Mar 21 Energy generated (in kWh) in 2020-21
ECL 197 147451
BCCL 356 50710
CCL 872.5 516630
WCL 1096 1029780
MCL 2000 1362420
CIL HQ 160.8 128927
CMPDIL 630 501452
Total 5312.3 3737370

8.5 Energy Efficiency through EESL

CIL has signed an MoU with M/s EESL (Energy Efficiency Services Limited) on 4th Feb' 2021 for building energy efficiency programs, hiring of e-vehicle & installation of distributed solar projects.

Subsidiary companies have identified the energy efficiency projects as well as hiring of e-vehicles, distributed ground mounted & roof top solar plants with EESL for implementation.

CIL HQ has identified ‘Building energy efficiency project'(BEEP) & installation of roof top solar plant with EESL.

9. CAPITAL EXPENDITURE

Overall Capital Expenditure during 2020-21 was Rs 13283.83 crores as against Rs 6269.65 Crores in previous year. Capital Expenditure incurred during 2020-21 was 102.18% of BE (62.70% in 2019-20). Subsidiary-wise details are given in Annexure 13.

10. COAL VIDESH DIVISION

A. REVIVAL OF FERTILIZER PROJECTS:

1. Setting up of natural gas based ammonia-urea complex at Gorakhpur, Sindri and Barauni

A Joint Venture company named Hindustan Urvarak & Rasayan Limited (HURL) comprising of CIL, NTPC, IOCL, FCIL and HFCL has been incorporated to set up natural-gas based 1.27 MTPA urea plant at the premises of closed fertilizer plants of FCIL at Gorakhpur (U.P.) & Sindri (Jharkhand) and that of HFCL at Barauni (Bihar) with the shareholding of promoters being CIL- 29.67%, NTPC- 29.67%, IOCL- 29.67% & FCIL/ HFCL (combined)-10.99% The three plants are being set up with an estimated cost of around Rs 22,000 crore, which is being financed by a debt-equity structure of 75:25. Contracts were awarded to the respective successful bidders for setting up of the three plants on Lump-Sum Turn Key (LSTK) basis. As on 31st March 2021, the overall work progress is around 97% at Gorakhpur, 87%,at Sindri and 86% at Barauni. The urea production is expected to commence in FY 2021-22.

2. Setting up of coal based ammonia-urea complex at Talcher:

A Joint Venture Company named Talcher Fertilizers Limited (TFL) comprising of RCF, CIL, GAIL and FCIL was constituted to set up a Surface Coal Gasification based integrated fertilizer complex at Talcher using coal from nearby Talcher coalfields. The shareholding pattern of promoters is CIL-31.85%, RCF-31.85%, GAIL-31.85% & FCIL-4.45%. Coal blended with pet-coke upto 25% shall be gasified to produce syngas which shall be converted into neem coated urea equivalent to annual capacity 1.27 Million Metric Tonne of the end product. The project is being implemented on partial Lump Sum Turn Key (LSTK) basis.

The plant will be set up at an estimated cost of Rs 13,277 crore, which will be financed by a debt-equity structure of 72:28. TFL has successfully achieved the Financial Closure by obtaining Final Sanctions of the target debt amount with SBI as Lead Banker. Work orders for Coal Gasification plant and Ammonia Urea plant have already been awarded in September-2019. LSTK contractor has commenced site preparation through local contractor. M/s PDIL has been appointed as Project Management Consultant (PMC). Pre project activities pertaining to site enabling like soil grading, construction of roads, culverts, drains etc., establishment of general administration facilities are underway. Construction of raw water supply Line and power system charged and site grading work near completion. The plant is expected to come into operation in FY 2023-24.

B. DIVERSIFICATION:

1. Surface Coal Gasification: Setting up of Coal to Methanol plant at Dankuni Coal Complex (DCC):

In another maiden initiative, CIL is exploring the possibilities to venture into Coal-to-Chemicals sector on stand-alone basis by setting up a Coal-to-Methanol plant at Dankuni Coal Complex (DCC). Coal sourced from Raniganj coalfields shall be gasified to produce syngas which shall be subsequently converted into methanol. M/s Projects & Development India Limited (PDIL) has been selected as the technical consultant. Pre-Feasibility Studies completed through M/s. Project & Development India Ltd. (PDIL) has revealed that 2050 MTPD (0.676 MTPA) output shall be the optimal capacity of plant that can be set up at DCC. CIL has decided to setup the Plant on Build-Own-Operate (BOO) mode.

On behalf of CIL, a tender has been floated by M/s PDIL on 25th Sept. 2020 for selection of BOO Operator to set up surface coal gasification based methanol plant at DCC and to subsequently operate the same for 25 years. Bid has been opened on 16.04.2021 and one bidder (i.e. M/s Prodair Air Products India Pvt. Ltd) has submitted their offer. Evaluation is in progress.

2. Deployment of Diversification & Value Addition Consultant:

CIL framed and floated tender for Engagement of a Consultancy Firm to provide Consultancy Services and Program Management Services in the potential areas for Diversification and Value Addition. M/s Deloitte was selected as the successful Consultancy Firm. Work Order issued on 03rd Nov. 2020 and they have commenced the assignment under name ‘Project DIVA' at CIL Hqs.

3. Solar Power Generation:

CIL Board has approved creation of subsidiary namely ‘CIL Navikarniya Urja Limited' to venture into new business area of New and Renewable Energy (Non-Conventional) segment including Solar, Wind, Small Hydro, Biomass, Geo-Thermal, Hydrogen, Tidal, etc., along with other prevalent technologies/emerging technologies.

CIL has bagged its' maiden commercial Solar Project outside it's command areas by winning 100 MW Solar Power Project through Competitive Bidding with Reverse e-Auction @ Rs2.20 per kWh conducted by Gujarat Urja Vikas Nigam Limited (GUVNL).

4. Solar PV Manufacturing :

CIL Board has approved formation of another subsidiary namely ‘CIL Solar PV Limited' which shall undertake new business of entire Solar PV manufacturing value chain (i.e. Ingot-Wafer-Cell-Module). The Pre-Feasibility Report including the techno-commercial viability and the site feasibility studies are under final stages of preparation by M/s Deloitte Touche Tohmatsu India LLP [DTTILLP].

5. Aluminum Smelting:

CIL Board has approved venturing into Aluminium business vertical through a Brownfield Project (as a JV between MCL and NALCO) and a Greenfield Project. The Pre-Feasibility Report including the techno-commercial viability and the site feasibility studies are under final stages of preparation by M/s DTTILLP.

11. Master Plan for dealing with fire, subsidence and rehabilitation

The Master Plan for dealing with fire, subsidence and rehabilitation in the leasehold of Bharat Coking Coal Limited(BCCL) and Eastern Coalfields Limited(ECL) was approved on 12th August 2009 by Govt. of India with an estimated investment of Rs 7112.11 Crore for Jharia Coalfields and Rs2661.73 Crore for Raniganj Coalfields. Implementation period of Master Plan have been delineated as 10 years for ECL & 12 years for BCCL.

Twenty-one (21) High Powered Central Committee(HPCC) meetings were conducted till date, under the Chairmanship of the Secretary (Coal), MoC to review the activities of implementation of Master Plan. Jharia Rehabilitation and Development Authority(JRDA) and Asansol Durgapur Development Authority(ADDA) are the implementing agency for rehabilitation of non-BCCL & non-ECL people under Master Plan.

A. Summarized Status of Implementations of Raniganj Master Plan (in the leasehold of ECL):

There are 03 unstable locations under ECL which were already vacated. As per the demographic survey report provided by ADDA, around 29,000 non-ECL families are required to be rehabilitated from unstable locations. Construction of 12,976 houses out of approved 29,000 houses have taken up by ADDA for shifting of non-ECL families. At present construction of 3,584 houses have already been completed, 6,336 houses are in different stages of construction and balance 3,056 houses are under different stages of preparatory work for construction.

The status of infrastructure development activities are as follows: i) IIT, Kharagpur has completed the Scientific study for stability assessment on the unstable stretches of the rail track. EOI was sent to five premier Scientific/Research Institute for submission of budgetory offer for the work stabilization of rail track. Only IIT, Kharagpur has submitted its offer which is under process of finalization. ii) For assessment of stability of the area of NH-2 Bye-pass, ECL has awarded the work to IIT, Kharagpur and the work of protective work for permanent stabilization of the existing NH-2 road is underway.

B. Summarized Status of Implementations of Jharia Master Plan (In the leasehold of BCCL):

As per Master Plan, JRDA has to survey 54,159 families in 595 sites which have already been completed. For rehabilitation of non-BCCL families, construction of 18,352 houses have taken up by JRDA in Belgoria Rehabilitation Township "Jharia Vihar". Out of that, 6352 houses have already been completed and 2653 families have shifted by March 2021. Balance 12,000 houses are under different stages of construction. 7,714 houses have been constructed out of 15,852 houses for rehabilitation of BCCL families, in which 4,185 families have been shifted till March 2021. Remaining 8,138 houses are in different stages of construction.

Regarding Status of fire dealing, NRSC has submitted study report in 2018, where the surface fire area has been reported as 3.26 Sq km in 34 sites against the earlier 8.9 sq km in 67 sites mentioned in the Master Plan. As per Interim report of NRSC in Oct 2020, total fire site has been reduced to 27 sites from 34 sites.

C. Revision of Approved Master Plan

The time frame of 10 years for implementation of Raniganj Master Plan, has already been expired on 11th August,2019 and validity of approved Jharia Master Plan is till August 2021. As per directive of 19th HPCC meeting, draft comprehensive proposals, incorporating alternative rehabilitation package, time and cost overrun have been prepared by ECL and BCCL in consultation with CMPDI, RI-1 & ADDA and CMPDI RI-II & JRDA respectively. Both the comprehensive proposals have been discussed in the 21st HPCC meeting held on 4th March, 2020. As per the directive of the 21st HPCC meeting, revision of the both the proposals are under finalization at JRDA and ADDA respectively.

12 ENVIRONMENTAL MANAGEMENT

12.1 Management System Standards:

CIL, HQ had obtained re-certification of ISO 9001:2015, ISO 14001:2015 and ISO 50001:2011 for Quality Management, Environment Management and Energy Management System respectively from Bureau of Indian Standards (BIS) in 2019-20. As on 31st March 2021, three Subsidiaries of CIL i.e. CCL, NCL and WCL are certified for Integrated Management System (ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2017). CMPDI HQ and its seven RIs are certified for ISO 9001:2015. Moreover, CMPDIL HQ, Ranchi has been certified in ISO 37001:2016 (Anti-Bribery Management System).

12.2 Pollution Control Measures and their Efficacy:

CIL is committed to protect environment by practicing and following sustainable mining practices right from mine planning stage. Various pollution control measures and initiatives are being taken up concurrently with mining operations, for maintaining acceptable / permissible limits of major physical and chemical attributes of environment namely air, water, hydrogeology, ground vibrations, noise, land, etc.

A) Air Pollution and its Control Measures:

To control and reduce dust generation during drilling, blasting, loading and coal transportation, CIL has taken up various initiatives enumerated in the MoEF&CC approved Environmental Management Plan (EMP) of projects. The EMP is prepared factoring the impact on existing environment and forest due to coal mining undertaken after conducting an Environment Impact Assessment (EIA) study of each project. Mist spraying systems, mobile water sprinklers and automatic sprinklers have been provided to mitigate air pollution & its control measures.

Some of the important initiatives taken by CIL are as follows: a) Transportation of coal by conveyors, covered trucks & loading in railway rakes through Silo. b) Blacktopping & repairing of coal transportation roads and strengthening of haul roads. c) Development of wind break and vertical greenery system. d) Deployment of additional Surface Miners and Continuous Miners in opencast & U/G mine respectively for blasting free coal extraction. e) Implementation of First Mile Connectivity to reduce transport of coal by road.

B) Mine Water Management:

Mine Discharge Treatment Plants (MDTP) are installed in mines for treatment of discharged mine water on the surface for second phase treatment. Treated mine water is then used partly for dust suppression, fire-fighting, plantation, washing etc. As per the need of the local community, treated mine water is supplied to the nearby villages for drinking & irrigation purposes. In order to assess the impact of mining activities on ground water, monitoring of ground water levels is being carried out in and around of the mine lease hold area. For ground water recharge within mine premises and nearby villages, initiatives like rainwater harvesting, digging of ponds / development of lagoons, de-silting of existing ponds / tanks etc. have been taken. Regular monitoring of mine, workshop and domestic effluent is carried out as per rule and desired actions are being taken. Reports of the same are regularly submitted to SPCBs and MoEF&CC.

In 2020-21, 77.7% discharged mined water utilized for internal & community use and balance 22.3% used for ground water recharge.

C) Noise Pollution Control Measure:

For control of noise pollution, various measures like proper maintenance of equipment, green belt development around the mine and residential area, blasting in day time and use of ear muff / ear plugs at noisy areas are adopted.

D) Land Reclamation: z Reclamation of the mined out areas and external OB dumps are major environmental mitigatory activities taken up by CIL.

Reclamation of mined out areas are being done as per the Environmental Management Plan (EMP) and Mine Closure Plan (MCP) which are approved by MoEF&CC. Top soil is preserved, stored and used in plantation areas in the opencast mines. Concurrent reclamation and rehabilitation of mined out areas are taken up for gainful land use. After technical reclamation is completed, plantation is carried out which is termed as biological reclamation. z Eco-restoration: For effective Bio-reclamation of disturbed land, scientific studies are carried out to select suitable species of plants for afforestation on three tier plantation concept. Forest Research Institute (FRI) has been engaged by CIL for sharing their expertise in the field of eco-restoration in the reclaimed areas. Many Eco-restoration sites have been developed in subsidiary companies of CIL with technical collaboration of FRI. z Eco-park in Reclaimed land: Eco Parks have been developed in many of the mined out areas and command areas of CIL like Gunjan Park,ECL, Gokul Eco-Cultural Park, BCCL, Ananya Vatika, SECL, Nandan Kanan Eco Park, NCL, Saoner Park, WCL, Kayakalp Vatika, Rajarappa Eco Park, CCL etc. CIL has established 24 Eco-parks & Mine Tourism & eco-restoration sites on date. z Monitoring of Reclamation: The land reclamation and restoration operations are being monitored by Satellite Surveillance. 51 major Opencast Projects (OCPs) producing more than 5 Mm (Coal + OB) per annum were monitored in 2020-21. The remaining OCPs producing less than 5 Mm (Coal + OB) per annum, are being monitored once every 3rd year. The study during 2020-21 shows that 51 major OCPs have reclaimed area of 63.73% and active mining area is only 36.27% of the total excavated area. In addition, CIL is conducting vegetation cover mapping through satellite surveillance every 3 years. z Mine Closure Plan (MCP): MCP is an integral part of the Project Report prepared by CMPDIL for Coal mines of CIL. This progressive mine closure plan also forms a part of the EIA / EMP prepared and got approved by MOEF&CC as a part of Environmental Clearance.

As of 31st March, 2021, Rs 581.52 Crore has been reimbursed from the Escrow fund to the concerned Project Proponents for progressive and final mine closure activities.

E) Strive for continual improvement in environmental performance.

The job of Developing approach and methodology for index rating of environmental conditions and performance evaluation as per the EC conditions in 35 CIL (> 5Mm3 Coal + OB) Mines, was assigned to ICFRE and the Final Report has already been approved by CIL Board in December, 2020. ICFRE has started initial work of audit of 35 mines of CIL.

13. ERP, IT INTIATIVES, ELECTRONIC AND COMMUNICATION IN CIL ERP

1. Go-Live of Project "PASSION" (SAP ERP & HMS implementation) was inaugurated by Shri Pralhad Joshi, Honourable Minister of Parliamentary Affairs, Coal & Mines on 21.01.2021 at New Delhi.

2. Implementation of SAP ERP in Phase I at CIL, MCL and WCL is being carried out by Phase I System Implementer (SI) M/s. Tech Mahindra Limited.

3. Global Blue Print for HMS implementation and configuration is completed.

4. Implementation of SAP ERP in Phase II Subsidiaries of CIL (ECL, BCCL, CCL, CMPDI, SECL, and NCL) with crashed timeline of 27.5 months against 42 months as envisaged in DPR with preponement by approx. 14 months is being carried out.

5. System Implementer (SI) for Phase II, M/s. Accenture Solutions Private Limited started the work from 15.11.2020 in Phase II Subsidiaries.

6. The Go-Live for Phase II will be in August 2021.

7. Hiring of complete infrastructure including Hardware, OS software, DC & DRC including necessary security, monitoring services was done through Open tender.

8. M/s. Corporate InfoTech Pvt. Ltd as Managed Service Provider (MSP) in association with M/s. Tata communications Limited as Cloud Service Provider (CSP) is providing the complete Infrastructure Services.

IT INITIATIVES

CIL and its subsidiaries have undertaken the following key IT initiatives as on date:

1. CIL is undertaking job of complete digitization of seven of its biggest mines for enhancement of coal production through IT initiatives. Tender process is complete and LOI has been issued.

2. CIL has launched web/mobile Apps like :-

• Bill-to-bill reconciliation portal for coal consumers which will give total transparency in Billing and realization.

• FOIS portal where data from FOIS System of CRIS is being fed to Coal Companies online.

• "Uttam" for monitoring Coal Quality by its customers,

• "Khanan Prahari" to check illegal coal mining,

• "CLIP" Contract Labour Information Portal has been launched by CIL to keep an eye on fair wage payment to Contractor workers deployed at various locations.

• "MDMS" (Mine Data Management System) portal has been designed and launched by Project Monitoring Division of CIL and CMPDI, Ranchi to store all the salient features of PR and data of ongoing projects and their performance against PR provision.

• CIL Executive defined contributory Pension Scheme 2007 of all CIL executives is managed through an on-line Web Application.

3. Safety Monitoring: A Centralized Safety Information System portal is available to all concerned officers of CIL & Subsidiaries upto Mine Safety Officer who enter relevant data on a daily basis. All important aspects of safety functions have been covered in this portal through which informed decision can be taken by the management.

4. As a significant contribution towards "Digital Green India", E-office solution from NIC has been implemented in CIL and its Subsidiaries to augment paperless office.

5. Under the project "DMS", Coal India Ltd. has digitized more than 80 Lakhs documents at its Corporate Hq.

6. CIL has successfully shifted its corporate portal on NIC cloud with in-house capacity building. The website has been augmented with user friendly UI/UX.

7. A portal for facilitating retired employees obtain medical facilities from empaneled hospitals has been implemented where cashless treatment can be availed with ease. This portal named ‘CRMSE' is being onboarded by all subsidiaries.

8. Existing operational IT initiatives of Coal India include:

• Procurement of Goods, Works and Services in Coal India and its subsidiary companies is being done through E-procurement mode whereas tenders above Rs 1 Crore value are finalised through e-Tender mode with provision of reverse auction to ensure greater transparency and better cost effectiveness during tender procedures in goods, works and services.

• E-auction of coal is operational through service providers of CIL.

• Performance Evaluation, Vigilance Information and Annual Property Return of executives in Coal India is carried out through web enabled systems. Web Applications for Production Information System, Safety Information System, CILCSR, HRMS are also in operation.

• In order to improve coal dispatch, electronic weighbridges are connected with Central Servers of respective Subsidiaries.

CIL is actively considering implementing latest IT technologies like AI/ML/Data Analytics in critical areas of operation for facilitating informed decision process and enhancement of productivity.

ELECTRONICS & TELECOMMUNICATION

1. Implementation of primary MPLS VPN Connectivity for rollout of 1st phase of ERP: - Primary MPLS VPN connectivity at CIL HQ, CIL Delhi office, Data Centre (DC) & Disaster Recovery Center (DRC) have been established along with setup of NOC at CIL HQ as per the approved DPR for implementation of ERP, based on Common technical specification.

2. Implementation of Unified IP scheme at CIL HQ: - The unified IP scheme devised for CIL, NEC & Subsidiaries have been implemented at CIL HQ LAN and seamlessly integrated with ERP MPLS connectivity as well as interconnectivity of different networks for data transfer.

3. Adoption & integration of cloud based VC platforms to cope with the increased demand of multiple concurrent Video Conferencing sessions during COVID pandemic situation: - The cloud based Video Conferencing (VC) platform has been dovetailed and integrated with existing in premises VC system utilizing extreme critical resources of CIL HQ to cope with the increased demand of concurrent VC sessions from home/office during the COVID-19 period. Further, DPC interview for the promotion from E8 to E9 as well as E7 to E8 has also been successfully conducted for the 1st time through VC.

4. Formulation and Implementation of Standard Operating Procedure (SOP):- SOP for streamlining the VC/meeting process to schedule & manage multiple concurrent Video Conferencing sessions from CIL, HQ has been formulated & implemented to meet the requirement of VCs indented by various dept., for participation from Ministries, PSUs, other stake holders and Senior Executives of CIL/ & Subsidiaries.

5. Provisioning of redundant/alternative internet connectivity through dedicated 50 Mbps ILL for VC: - Additional 50 Mbps ILL from different ISP has been commissioned for ensuring unrestricted, uninterrupted VC with MoC and other agencies across the globe at important locations like VC/ Meeting Rooms, Board Meeting room, etc. as an alternative arrangement.

6. Facilitating remote access for the day to day functionality of official work through e-office during Lockdown period due to pandemic:

- The Virtual Private Network (VPN) through WAFA (Work Anytime from Anywhere) system optimizing in-house resources has been extended to senior officials of CIL HQ to facilitate the access of e-office from home / remote locations through internet for day to day functionality of official work in pandemic situation.

7. High-speed Wi-Fi Internet connectivity at important locations: High-speed Wi-Fi Internet connectivity has been provisioned at important locations to ensure seamless internet connectivity to meet the requirement of high availability, reliability & unrestricted internet access to cater the requirement as well as to cope with the pandemic situation.

8. Organizing live events / meetings through virtual platform: CIL has adopted virtual platform technologies and have successfully organized live events / meetings & managed live webcast/ YouTube Live of different important events / large meetings at different venues in Kolkata like Van Mahotsava event, 46th CIL's Foundation Day on 1st November 2020 at CIL Office Complex, Vendors meet, 46th Annual General Meeting (AGM) of CIL, GO Live of ERP etc.

9. Upgradation of equipment and services provided for office automation: Streamlined processes have been devised whereby all departments of CIL HQ have been provided with State of art Multi-function machines for Photocopy, FAX, Scanning. Professional Large Format Display has been commissioned at 6th floor conference hall, CIL(HQ) for facilitating various meetings/presentations. Small EPABX system with Key Telephone Systems have been commissioned at important locations with improved and better call management facilities.

10. Key IT Initiatives in CIL Subsidiaries: Various IT initiatives are implemented across all subsidiaries of CIL broadly encompassing GPS/ GPRS based Vehicle Tracking System along with Geo-fencing, RF-ID based boom barrier system to track the movement of coal transport vehicles to minimize the risk of coal theft and increased trip efficiency etc., CCTV surveillance system at vulnerable points & strategic locations. Central CCTV control room has been established at CIL HQ for viewing the mining activities in real time basis through CCTV cameras installed at various strategic locations in different subsidiaries. Data connectivity from electronic weighbridges to Central Servers of respective subsidiaries have also been established.

14. MINES SAFETY

14.1: Statutory Frame-work for safety in coal mines:

Coal mining, world over, is highly regulated industry due to presence of several inherent, operational and occupational hazards and associated risks. Coal Mine Safety Legislation in India is one of the most comprehensive and pervasive statutory framework for ensuring occupational health and safety (OHS). In India, the operations in coal mines are regulated by the Mines Act- 1952, Mines Rules -1955, Coal Mines Regulations-2017 and several other statutes framed there under. Directorate-General of Mines Safety (DGMS) under the Union Ministry of Labor & Employment (MOL&E) oversees compliance of these statutes. Other major Acts/Rules are applicable in coal mines are the Electricity Act- 2003, Central Electricity Authority (measures rel. to safety & supply) Regulations - 2010, Indian Explosive Act-1884 & Explosive Rules-2008, Indian Boiler Act-1923, the Employee's Compensation Act- 1932 (Principal Act) and the Factories Act - 1948 Chapter -III & IV.

14.2: Safety Policy of CIL:

Safety is always conferred with prime importance in the operations of CIL as embodied in the "Mission Statement" of CIL. CIL has formulated a well-defined Safety Policy for ensuring safety in mines. To implement CIL Safety Policy, the following are ensured:

1. Scientific design and planning of all mines.

2. Deployment of trained and skilled manpower for ensuring safety in all mining operations.

3. Provision of adequate funds and infrastructures for mine safety.

4. Provision of adequate supervision through competent supervisory staffs and mine officials.

5. Multi-disciplinary Internal Safety Organization (ISO) to monitor mine safety.

6. Continuous and sustained improvement in technological inputs for mining operation.

7. R&D activities through collaboration with Scientific and Educational Institutes and CMPDI.

8. Ensuring workers' participation in every forum for monitoring safety in mines.

14.3: Major functions of Corporate ISO

1. Inspection of mines to review safety status.

2. Fact finding enquiry into fatal accidents as well as major incidences.

3. Maintenance of accidents / major incidents database and Analysis of mine Accidents.

4. Monitoring Mine Safety Audit.

5. Imparting specialized training by SIMTARS accredited trainers.

6. Issuance of internal Technical Circulars / Guidelines / Advisory related to safety.

7. Monitoring safety related R&D activities in CIL.

8. Organizing meeting of CIL Safety Board.

9. Monitoring mine rescue preparedness at different mine rescue establishments.

10. Publication of Safety Bulletin.

11. Liasioning with various agencies on the matter of mine safety. 12. Monitoring of CIL Safety Information System (CSIS) database.

13. Response to parliamentary matters and queries under the RTI Act- 2005 with reference to mine safety.

14.4: Mine Accident Statistics z Analysis of Accident Statistics in CIL - Accident statistics is the relative indicator for safety status in mines. Over the years, the safety performance of CIL has improved significantly. Both Fatalities & serious Injuries figures for the year 2020 had reduced to the lowest since the inception of Coal India Limited in 1975. Significant reducing trend in mine accidents can be attributed to the following contributing factors: z Commitment and synergetic cooperation amongst all stakeholders. z Use of state-of-the-art technology in the field of Mining Methods and Safety Monitoring. z Continuous improvement in knowledge, skill and responsiveness of workforce. z Constant vigil, round-the-clock supervision and supports from various agencies.

Salient features of continuous and sustained improvement in CIL's safety performance are as under in following Graphs and also given in

Annexure 15.

14.5 : Measures for improvement of Mine Safety in 2020

CIL has vigorously pursued several measures in the year 2020, along with the on-going safety related initiatives, apart from compliance of statutory requirements for enhancing safety standard in mines, which are given below: z Safety Audit of mines conducted through multi-disciplinary Safety Audit teams. z Several Video Clips or Animation films on various Mine Safety Procedures, Dos & Don'ts related to operation and Mine Accidents prepared and shared amongst employees. z Scientific studies on OB dumps & benches as well as for SCAMP in underground mines. z Controls measures of Safety Management Plans (SMPs) are being complied. z Controls measures of Principal Hazards Management Plans (PHMPs) are being complied. z All mining operations are being performed as per Standard Operating Procedures (SOPs). z Special Safety drives conducted to improve safety and enhance safety awareness. z Regular co-ordination meeting with ISOs for assessing the safety status of mines. z 19th meeting of the National Dust Prevention Committee (NDPC) was held on 19th December, 2020 for assessing the status of dust suppression in mines. z Mist type fixed as well as trucks mounted water cannons have been introduced in OC mines.

Apart from the above specific actions, the following are on-going measures for improving safety standards: z Emphasis on use of the state-of-the art mining technology. z Adoption of the best practices for Strata and Gas Management z Strengthening Water Danger Management. z Training on Mine Safety & Skill Upgradation. z Emphasis on inspection of mines.

15. Mine Emergency Response System:

15.1: Mine Emergency Response and Evacuation Plan (EREP) z Procedures for immediate notification to all persons affected by the emergency. z Procedures for the safe, orderly and immediate withdrawal of persons from danger. z Procedures for rescue of persons incapacitated or trapped due to accident. z Procedures for providing first aid, transportation, medical treatment to injured. z Special training to respond to critical operations and mine emergencies. z Mock Rehearsals for examining the efficacy of Plan. z Demarcating Emergency Escape Routes in below ground and training on evacuation. z Flow Chart prepared for transmission of information regarding crisis / disaster.

15.2 Mine Rescue Services in CIL: z CIL is maintaining a well establishment Rescue Organization at strategic locations, spreading across different Subsidiaries to cater the emergencies on 24X7 basis.

16 HUMAN RESOURCE DEVELOPMENT

Coal India Limited is gearing up to meet its ambitious target of coal production. Human Resource is a major component for achieving this goal. Coal India Limited is geared up for the development of its existing human resource and looking ahead with a clear perspective with reference to technological advances and growth of manpower to fulfil the growing demands of production along with diversification into aligned and non-aligned areas.

During 2020-21, different training programs were organized at subsidiary headquarters, training centres, vocational training centre and also at CIL's own in-house training facility, Indian Institute of Coal Management, Ranchi. This training programs were organized after accessing the training needs in the respective category of employees within the subsidiary. Employees are given trainings for skill development and acquisition of knowledge and skill in existing and future technology as well as safety.

16.1 Training and Development of Human Resource:

In addition to in-house training, employees were trained at reputed training institutes, mostly through virtual mode, within the country in their respective fields of operations for supplementing in-house training efforts.

During 2020-21, 53,145 employees were trained in house, out of this 9,480 were executives and 43,665 were non-executives. In addition, 2,058 employees were sent outside for training. Thus, a total of 55,203 employees were trained.

During the FY 20-21, more than 4,43,084 training man-days were achieved for executives and non-executives (excluding contract workers). No foreign trainings were conducted in FY 20-21 due to Government restrictions. 33,365 contract workers were trained in the financial year.

16.2 Engagement of Apprentices:

During the year 2020-21, 10,249 Apprentices were engaged through NATS and NAPS portals which constitutes 2.99 % of total manpower including contractor workers in CIL and its subsidiaries.

16.3 Special Initiatives:

Sponsorship Scheme for pursuing 1 year Executive MBA in prestigious IIMs has been made operational

Faculty Honorarium for in-house training program has been revised after 10 years

Submission of Individual Training Needs has been made compulsory in PRIDE

Tie-ups with premier management institutes like IIM Calcutta, Lucknow, Indore and XLRI Jamshedpur has been completed to send executives for training in batches.

17 RECRUITMENT

During the financial year 2020-21, CIL has promoted / selected 257 Sr. Officer (Mining) – E2 Grade in Mining discipline through department promotion / selection from non-executive to executive cadre.

CIL notified 1326 vacancies in 11 disciplines for recruitment of Management Trainees Advt. No. 01/2019 (MT-2019) in Dec' 2019. The list of 1286 successful candidates who are finally selected in 11 disciplines has been published in CIL website on 26.03.2021 and their joining/induction process will commence shortly.

18. MANPOWER

18.1 The total manpower of the Company including its subsidiaries as on 01.04.2021 stood at 2,59,016 against 2,72,445 as on 01.04.2020. Subsidiary wise Manpower position is given in Annexure 16.

18.2 The Presidential Directives with respect to manpower for Scheduled Caste/Scheduled Tribes/OBC have been implemented in all Subsidiaries/ units of Coal India Limited.

The representation of SC/ST employees in total manpower of CIL and its Subsidiary Companies as on 01.01.2019, 01.01.2020 and 01.01.2021 is given below: -

As on Total Manpower Scheduled Caste Scheduled Tribe
Nos. Percentage Nos. Percentage
1.1.2019 288687 54578 18.91 43560 15.09
1.1.2020 276092 54854 19.87 43262 15.67
1.1.2021 262292 52000 19.83 40063 15.27

19. INDUSTRIAL RELATIONS AND EMPLOYEES' PARTICIPATION IN MANAGEMENT

The Industrial Relations scenario in CIL & its Subsidiaries during the financial year remained cordial. Joint Consultative Committees and other Bipartite Committees at Unit/Area levels and Subsidiary (HQ) levels continued to function in harmony. Meetings of Bilateral Committees were held at regular intervals at CIL to address IR, Welfare, Productivity/Production, Safety issues. Except for few minor issues of local nature at few Subsidiaries, there had been no major IR problem in the company.

20. EMPLOYEES' WELFARE AND SOCIAL SECURITY SCHEMES

Coal India Limited strives to provide best facilities for Welfare of its employees and their families.

The facilities are extended to all sections of the Society viz- Scheduled castes, Scheduled Tribes, backward classes, minorities as well as other marginalised segments of the society without any discrimination are given below:

20.1 Housing facilities

In CIL and its Subsidiaries, company quarters are provided to all eligible employees subject to availability and Company rules. Regular repair and maintenance including thorough repair of these housings are undertaken regularly to provide decent housing to employees.

20.2 Water supply

To provide clean drinking water to the employees and their families, many water supply schemes have been taken up. Supply of water is done after proper treatment and several RO plants/ Pressure filter plants are also existing in coalfields that cater not just to CIL employees but also to the population in the neighborhood.

20.3 Educational Facilities

The subsidiary companies of CIL have been providing financial assistance and infrastructure facilities to schools operating in Mines areas like DAV, Kendriya Vidyalaya, Delhi Public School etc. and other Educational Institutions run by the State Government to provide quality education to the employees' children. 113 schools are fully financed by CIL.

20.3.1 Coal India Scholarship Scheme:

For employees' children two types of scholarships, viz, Merit and General Scholarship, are being provided every year under certain prescribed terms and conditions. In Merit Scholarship, Students securing 1st to 20th position in Madhyamik/ H.S. or any State Board or securing 95% and above marks in ICSE, CBSE / ISC Exam (Class-X & XII) are given scholarship per month.

General Scholarship is provided to Students studying Class-V onwards up to Graduation /Post- graduation level in any discipline subject to prescribed percentage of marks.

20.3.2 Cash Award and Certificate of Appreciation:

Every year Cash Award of 5000 and 7000 are provided to the Meritorious wards of CIL employees who secure 90% or above Marks in aggregate in 10th and 12th standard Board level examination respectively.

Considering the high cost of technical and medical education in the country, Coal India Limited is providing financial assistance towards meeting the cost of education of the dependent children of Wage Board Employees to the extent of tuition fees and hostel charges who secure admission in IITs, NITs, ISM and Govt. Engineering and Medical colleges.

20.4 Medical Facilities

Coal India Limited and its Subsidiaries are extending medical facilities to the employees and their families through various medical establishments from the dispensary level to the central and apex hospitals in different parts of the coalfields. For specialized treatment, where the expertise/ facilities is not available, they are also referred for outside treatment in the empaneled hospitals.

For transporting the patients to hospitals, ambulances with latest technology and life support systems are provided at central places in entire coalfields.

In addition, special emphasis is laid on Occupational Health, HIV/AIDS and COVID-19 awareness programme for the employees and their families.

Medical facilities of OPD and indoor treatment in Company's hospitals/ dispensaries are also extended to the workers engaged by contractors.

20.5 Statutory Welfare Facilities

In accordance with the provision of the Mines Act, 1952 and Rules and Regulations framed there-under, subsidiaries of Coal India Limited are maintaining various statutory welfare facilities for the coal mines such as Canteen, Rest Shelters etc.

20.6 Non-Statutory Welfare Measures

20.6.1 Co-operative Stores and Credit Societies.

In order to supply essential commodities and consumer goods at a cheaper rate in the collieries, Central Co-operative and Primary Co-operative Stores are functioning in the Coalfield Areas of CIL. In addition, Co-operative Credit Societies are also functioning in Coal Companies.

20.6.2 Banking Facilities and Post Offices

The management of Coal companies are providing infrastructure facilities to various Nationalized Banks for opening their Branches and Extension Counters in Coalfields for the benefit of their workers. Workers have been educated to draw their salaries from the banks. Similarly, there have been efforts to bring the post offices to the proximity of workers by encouraging opening of facilities closer to residential colonies.

20.6.3 Holiday Homes

Coal India Ltd. provides Holiday homes facilities at places of tourist attraction, at nominal cost, for the benefit of its employees & their families. These facilities are also available for retired employees.

20.6.4 Sports Facilities

Sports Policy for CIL and its Subsidiaries was approved by CIL Board of Directors. As per the policy, Coal India Sports Promotion Association (CISPA), an autonomous body for promotion of sports & culture, has been registered under West Bengal Societies Registration Act, 1961. This association supports Sports and Culture by way of providing sponsorship/ financial assistance in the coalfield areas.

20.7 Empowerment of Women

As on 01.04.2021, 19,535 female employees are working in CIL and its Subsidiaries under different establishments. The Forum of Women in Public Sector (WIPS) was established under the aegis of Standing Conference of Public Enterprises (SCOPE) on 12th February, 1990 which came into existence at CIL in the same year. The forum has been actively working for the empowerment of women in the Company.

Coal India Limited has a Sexual Harassment Complaints Committee comprising of members as per the guidelines provided by Hon'ble Supreme Court of India. The company, in addition to maternity benefits provided under the Maternity Benefit Act, 1961, provides 730 days of Child Care Leave on full salary to women employees, subject to other conditions as stipulated in the policy.

20.8 CIL Welfare Board Meeting

Coal India Welfare Board is the decision making forum for welfare policies which enables betterment and improvement in living condition of employees in CIL.

The members of CIL Welfare Board comprises of Central Trade Union representatives and Management representatives who meet on regular basis to discuss the welfare measures and review the implementation status of various welfare schemes.

21. MEASURES TAKEN BY THE COMPANY TO COMBAT COVID-19

Ministry of Home affairs, Government of India circulated an order vide ref No 40-3/2020-DM(A) dated 24-Mar-2020 and addendum dated 25-Mar-2020 wherein Coal and Mineral production, Transportation, Supply of explosives and activities incidental to mining operations have been placed in exempted category of Industrial Establishment as Coal Industry is an essential services and Coal India Limited is a Public Utility Service Organization.

However, the employees working at CIL-HQ have been allowed to resume duty at work place in a phased manner through roster duty, and those employees who reside in the containment zone have been fully exempted from attending duties in the office and have been allowed to work from home.

Further, following actions were taken at CIL Hq in view of Pandemic COVID-19.

Stopping attendance through Biometric Attendance System

Restricting physical movement of paper and people. Use of e-office, email or other electronic mode of communication

Avoiding gathering

Meetings through Video Conferencing

Social distancing for employees at workplace

A. Following COVID-19 related CSR projects were undertaken by CIL during FY 20-21:-

Infrastructure Creation

Sl.No. Company Details of infrastructure created Location
1 MCL 525 bedded COVID hospital (500 general & 25 ICU beds). Bed addition is planned. Bhubaneswar, Odisha
2 MCL 150 bedded COVID hospital (144 general & 6 ICU beds) and 50 bedded COVID care centre Lakhanpur, Odisha
3 MCL 6 quarantine centers at HQ and different areas of MCL Odisha
4 BCCL Hospitals earmarked as dedicated COVID hospitals:
• Central Hospital, Dhanbad (L – 3 with 30 new ICU beds)
• Regional Hospital, Bhuli (L – 2)
• Regional Hospitals at Baghmara and Jealgora (L – 1) Dhanbad, Jharkhand
5 SECL Govt. hospitals converted into 100 bedded COVID treatments centre with testing lab Ambikapur and Bilaspur,
Chattisgarh
6 CIL 100 beds of Karnataka Inst. Of Medical Sciences (KIMS) converted into ICU beds Dharwad, Karnataka

Equipment support for COVID-19 treatment

Sl.No. Company Details of equipment support provided Location
1 CIL COVID Cold Chain Equipment for Vaccine transport West Bengal, Meghalaya
• West Bengal: 73 Ice Lined Refrigerators (Small), 70 Deep Freezers (Small) & and GMSD, Kolkata
24 Deep Freezers (Large)
• Meghalaya: 7 Ice Lined Refrigerators (Small), 3 Deep Freezers (Small) &
10 Deep Freezers (Large)
• 2 refrigerated trucks (1 each for West Bengal and GMSD, Kolkata) – Procurement is
in progress
2 SECL COVID Cold Chain Equipment for Vaccine transport Chattisgarh
• 25 Ice Lined Refrigerators (Small)
• 6 Ice Lined Refrigerators (Large)
• 13 Deep Freezers (Small)
• 1 Deep Freezer (Large)
• 1 Walk In Freezer
3 SECL 60 TRUE-NAT Testing machines Chattisgarh
4 NCL 50 Ambulances Uttar Pradesh

Contribution to COVID-19 related funds

• Rs 20 cr. to Disaster Management Authority, West Bengal by CIL

• Rs 20 cr. to Disaster Management Authority, Maharashtra by CIL

• Rs 10 cr. to Disaster Management Authority, Chattisgarh by SECL

• Rs 20 cr. to Disaster Management Authority, Jharkhand by CCL

• Rs 20 cr. to Madhya Pradesh CM Relief Fund by NCL

• Rs 1.25 cr. in total to 3 districts in Maharashtra and 2 in Madhya Pradesh by WCL

Distribution of COVID-19 related consumables

• More than 71,000 food packets on Shramik Special Trains

• Around 2.3 lakh cooked food/dry ration packets in peripheral areas

• More than 80,800 lt. of sanitizer in peripheral areas

• More than 17.56 lakh masks in peripheral areas

• More than 1.35 lakh hand gloves and 29,500 PPEs in peripheral areas

B. Following actions were taken at mines/establishments of CIL in view of Pandemic COVID-19

Stopping attendance through Biometric Attendance System

Restricting physical movement of paper and people. Use of e-office, email or other electronic mode of communication

Avoiding gathering

Meetings through Video Conferencing

Social distancing for employees at workplace

C. Vaccination to Health workers and those above 45 years of age with co-morbities

Vaccinations were open for health workers in January ‘21 and subsequently it was made available for people above 60 years of age or people above 45 years of age with co-morbities. Vaccination status upto 31/03/2021 in respect of CIL is as follows:

No of employees vaccinated (above 45 years of age)– 9069

No of dependents of employees vaccinated (above 45 years of age)– 1539

No of contractual employees vaccinated (above 45 years of age)– 222 Vaccination drives are being continued in all the Subsidiaries of CIL.

22. TREE PLANTATION / AFFORESTATION

Plantation and Green belt are developed through extensive tree plantation programme every year by the Subsidiaries of CIL. Avenue plantation, plantation on OB dumps, plantation in and around mines, residential colonies, and available government land are undertaken in the existing as well as the new projects. The subsidiaries of CIL have planted around 19.89 lakh saplings during 2020-21 in an area covering more than 861.81 Ha. (i.e. 19.59 Lakh Saplings over 844.31 Ha inside mine lease area & 28,400 Saplings over 17.50 Ha outside mine lease area) with an increase of more than 6% over previous year in terms of number of saplings.

23. PROGRESSIVE USE OF HINDI

23.1 Coal India Limited is committed to implement the provisions of Official Languages Act, Rules and Regulations and all activities are held regularly in each quarter. The activities in the year include the following:

4 workshops were organised in each quarter to enable use of Hindi in official jobs.

Employees were imparted Training on Hindi noting and drafting and provisions regarding Official Language Act.

Publication of 2 editions of Hindi Magazine namely "Koyla Darpan" from CIL HQs.

Executives of Hindi Cell participated in two Rajbhasha Conference of Town Official Language Implementation Committee (PSU).

Observation of ‘Hindi Fortnight' in all offices of CIL and Subsidiaries in the month of September by conducting various events and competitions.

Training of employees in Hindi Praveen classes under Hindi teaching scheme of Govt. of India.

Kavi Sammelan was organized on 12.03.2021 at Coal India Limited (Headquarters), Kolkata under the leadership of noted poet Mr. Arun Jaimini and in the presence of poets like Mrs. Anamika ‘Amber', Mahesh Garg ‘Bedhadak', Dinesh Babra, Rohit Sharma.

Three departments of Coal India Ltd. were conferred with Rajbhasha Shield for the best practices in Official Language implementation in the year 2019-20.

In order to promote use of Hindi in official work, "CIL Hindi Book Writing Incentive Scheme" and "Incentive Scheme for Correspondence/ Drafting and doing other official work in Hindi" have been implemented.

Following awards were conferred on CIL by various Government organizations:

In the meeting of the Town Official Language Implementation Committee (PSU), Kolkata on 28.01.2021, Coal India Limited was awarded Second Prize in the Corporate Office category for the best execution of Official Language Implementation.

24. VIGILANCE DIVISION

Coal India Ltd. has a well-structured Vigilance Division at Corporate HQ-Kolkata, headed by a Chief Vigilance Officer of the rank of Joint Secretary to Govt. of India, assisted by a multi-disciplinary team of vigilance officers. Similarly, all of its eight subsidiaries have their independent Vigilance Units, each headed by CVOs at the level of Director to GoI.

CVO, CIL, at the Corporate Office, acts as a coordinating authority between Vigilance Departments of Subsidiaries, Ministry of Coal and the CVC. Chief Vigilance Officer at corporate office deals with complaints, investigations and systemic improvements on issues having multi-subsidiary and often company-wide implications.

During the last two years, Vigilance Division of CIL, as a part of their preventive vigilance function, explored several processes having tremendous operational & financial implications and developed practical suggestions successfully for the management, using modern data analytic tools and sometimes accompanied by field experiments. Some of these studies, attempted for the first time ever, which crystalized into actionable and implementable suggestions for management, the implementation of which derived immense benefits for the company, are briefly summarized below: z Study and systemic suggestions on the phenomenon of under-loading of railway rakes: Till 2018-19, underloading of coal dispatched to various consumers and the resultant under loading charges paid by the coal companies had been increasing at an abnormal rate, reaching to a level of Rs772 crores in 2018-19 from Rs332 crores in 2014-15. Despite several attempts made in the past, through contractual and technological interventions, to curb this trend, no significant impact could be made.

In view of the inherent complexities involved, the entire process was studied in great depth by Vigilance Division, which resulted into various systemic improvement suggestions. The implementation of these suggestions, by the management, successfully curbed the rising trend of underloading and resulted in reducing the underloading charges to a level of Rs530 crores in 2019-20 and further to a level of Rs467 crores in 2020-21. The absolute saving to CIL due to this single systemic improvement stood at Rs242 crores and Rs63 crores in 2019-20 and 2020-21 respectively. The progressive reduction of underloading charges in the financial year 2020-21 is more significant considering the fact that this year recorded the highest ever increase in coal dispatch by rail (324.8 Mill.T in 2020-‘21 as against 282.8 Mill.T in 2019-‘20), which establishes sustainable nature of such system improvements.

z Vigilance Division made an in-depth studies on various policies and processes related to measurement of coal and overburden – two core activities in coal mining. The studies revealed several vulnerabilities which had huge ramification not only in the investigation of coal shortage cases and excess payment cases for overburden removal, but also in the accuracy and efficiency of measurement of coal stock and OB removal. These suggestions led to embarking upon certain fundamental changes in the Uniform Code, commonly known as Yellow Book, after nine years of its first revision, unveiled by the Hon'ble Minister of Coal on CIL's Foundation Day-2020.

In the quest for fast and accurate measurement of extracted material during mining, CIL has always been upgrading its instruments for measurement. CIL has been the industry leader in introducing the latest Terrestrial Laser Based technology for measurements. The study undertaken by Vigilance Division into the functioning of 3D TLS resulted in making these instruments more efficiently and optimally utilized, which were being used for in-situ overburden measurement earlier. For the first time, CIL decided to adopt them for measurement of coal stock also in selected major mines of coal companies. CIL also issued policy circulars to reduce the survey and measurement time through 3D TLS by a substantial margin. z In the current financial year, CIL Vigilance Division embarked upon a preventive vigilance exercise called "Mission – Quality Management" (MQM) to study the entire quality determination process chain of CIL and its Subsidiary coal companies aided by modern data analytic tools. CVO, CIL examined consignment-quality-test results of more than 1.2 million samples, spanning over four years and representing a quantity of 1625 Million Tonnes of coal. Insights gained from this study altered certain fundamental perceptions about coal quality, quality assurance, quality control and customer satisfaction. Very elaborate systemic suggestions have been presented by CVO, CIL through multiple Advisories, which were discussed at the highest level. Effective implementation of these suggestions has secured rich dividends to the company in the form of quality bonus during 2020-'21.

In order to isolate and quantify intrinsic factors which contribute to quality variations, several field experiments were conducted in collaboration with mine managements under the guidance of CVO, CIL to determine the extent of in-seam variation in calorific value of coal in some of the major seams of five coal companies. z During the year 2020-'21 CIL Vigilance Division received 722 complaints including those forwarded by MoC, CBI and CVC out of which 718 have been disposed during the year. z Despite the constraints posed by the prevailing COVID situation, the Vigilance Units of CIL and its subsidiaries undertook numerous intensive examinations, surprise checks and investigations leading to punitive actions on 409 officials during the year. The major areas of punitive action include procurement, recruitment and measurement of coal stocks and overburden removed.

As directed by Central Vigilance Commission, the Vigilance Awareness Week 2020 was observed in HQ and all Units of Coal India Ltd and its Subsidiaries from 27.10.2020 to 02.11.2020 emphasizing the theme "Vigilant India- Prosperous India". Various awareness activities, both within and outside the organization, were conducted during the observance of VAW-2020 strictly following Covid protocols.

25. PARTICULARS OF EMPLOYEES

Employee received remuneration either equal to or in excess of the limits prescribed under Rule 5(2) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 during 2020-21 is given in Annexure 17. Details of Rule 5(1) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 on disclosure in the Board Report with reference to remuneration of Managerial Personnel of Top 10 employees are annexed to the Report.

26. BOARD OF DIRECTORS & KEY MANAGERIAL PERSONNEL

Shri Pramod Agrawal was appointed as Chairman cum Managing Director (CMD) and Chief Executive officer (CEO) from 1st Feb'2020 and was on the Board throughout the year. Shri Binay Dayal-Director (Technical), Shri Sanjiv Soni-Director (Finance) and Chief Financial Officer (CFO) and Shri S.N. Tiwary-Director (Marketing) were on the Board throughout the year. Shri R.P. Srivastava Director (P &IR) superannuated on 31st January' 2021 (afternoon) and Shri S.N. Tiwary Director (Marketing) had been entrusted with an additional charge of Director (P&IR), CIL w.e.f. 01.02.2021 for a period of six months.

Shri Vinod Kumar Tiwari, AS, MoC was on the Board throughout the year. Smt. Reena Sinha Puri, JS &FA, MOC ceased to be the Director of the Company w.e.f 28th May'2020 and Smt. Yatinder Prasad, JS & FA, MoC was appointed as a Director from 24th August' 2020.

On completion of their tenure, Shri V.K.Thakral and Shri B.L.Gajipara ceased to be the Independent Directors from 6th Sept'2020.

Shri S. Saran, CMD, CMPDIL continued throughout the year as a Permanent Invitee. Shri R.R. Mishra, CMD, WCL on superannuation ceased to be the permanent invitee from 1st January' 2021. Shri S K Mishra, Addl. Member Traffic Transportation was appointed as permanent invitee from 22nd April' 20 and continued throughout the year and Shri P K Sinha, CMD, NCL had been appointed as a Permanent Invitee in CIL Board w.e.f 21st Jan'21 vice Shri R.R. Mishra. Shri M.Viswanathan was the Company Secretary and Compliance Officer throughout the year. 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 the Directors during the year.

In terms of Article 39(j) of the Articles of Association of the Company, one third of retiring Directors are liable to retire by rotation shall retire at the ensuing Annual General Meeting and they are eligible for reappointment. Shri V.K. Tiwari will retire by rotation and has also offered himself for re-appointment.

The Board of Directors held 19 meetings during the year 2020-21.

27. Composition of Audit Committee

CIL in pursuance of excellence in corporate governance formed an Audit Committee of its Board of Directors w.e.f. 20th Jul'2001 and Audit Committee was re-constituted by the Board in its 410th meeting held on 2nd Sept'20 consisted of Two Independent Directors and one Government Nominee Director, one Invitee and one permanent invitee. From 6th Sept, 2020, CIL did not have any Independent Director in its Board. Therefore, Audit Committee is not functioning from 6th Sept' 2020. Company had requested Ministry of Coal, its Administrative Ministry who is the appointing authority to appoint Independent Directors including a woman Independent Director. Details were disclosed in Corporate Governance Report under point number 3.1.

28. Composition of CSR Committee

From 6th Sept, 2020, CIL did not have any Independent Director in its Board. Therefore, CSR Committee is not functioning w.e.f 6th Sept' 2020. Company had requested Ministry of Coal, its Administrative Ministry who is the appointing authority to appoint Independent Directors including a woman Independent Director. Details were disclosed in Corporate Governance Report under point number 3.6.

29. Declaration given by independent directors under sub-section (6) of Section 149.

The following independent directors had given their declaration during 2020-21 that they meet the criteria of independence as stipulated in subsection (6) of Section 149 of the Companies Act 2013. i. Shri V.K.Thakral ii. Shri B.L. Gajipara Further, as required under Section 149(7) of Companies Act'13 and Regulations 25(8) of SEBI (LODR) Regulations 2015 as amended, both the Independent Directors had submitted declaration that they meet the Independence Criteria as provided in Clause (b) of Regulation 16(i) of LODR 2015 and they are not aware of any circumstance or situation, which exists or may be reasonably anticipated that could impair or impact their ability to discharge duties with an objective independent judgment and without any external influence. Further, as required under Regulation 25(9) of LODR 2015 as amended, the Board of Directors of the Company in its 405th Board meeting held on 12th Jun'2020 took on record the declaration and confirmation submitted by the Independent Director under Regulations 25(8) after undertaking due assessment of the veracity of the same.

30. Appointment/Re-appointment and Integrity, Expertise & Experience (including Proficiency) of Independent Directors

No Independent Director was appointed/ re-appointed during the financial year 2020-21. Hence Board had not formed any opinion on the Integrity, Expertise & Experience (including Proficiency) of Independent Director.

31. Recommendation of Audit Committee by the Board.

All the recommendations made by Audit Committee were accepted by the Board.

32. Company‘s policy on directors ‘appointment and remuneration including criteria for determining qualifications, positive attributes, independence of a director and other matters provided under sub-section (3) of section 178.

MCA vide Notification dated 5th June'2015 had exempted the above for Government companies.

33. Remuneration policy of directors, KMPs and Senior Management – Section 178(4).

MCA vide Notification dated 5th June'2015 had exempted the above for directors of Government companies.

34. A statement indicating the manner in which formal annual evaluation has been made by the Board of its own performance and that of its committees and individual directors.

MCA vide notification dated 5th July' 2017 had exempted evaluation mechanism for Govt. Companies. However, Company had prepared a policy for formal evaluation of Independent Directors, Board, Committees of the Board, Executive Directors and Non Executive Directors and got it approved by Board in its 385th meeting held on 30th May'19.

35. Contracts or Arrangements with Related Parties

Related Party Transactions made with the Subsidiary companies were exempted under Regulation 23(5)(a) and (b) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 being transactions between two government companies and transactions entered between a holding and its wholly owned Subsidiaries whose accounts are consolidated with holding company and placed before the shareholders at the general meeting for approval. Hence Form AOC 2 is not prepared. However, the remuneration paid to Key Managerial Personnel is disclosed separately in point no VI of Annexure 17.

36. Loan, guarantees or investments by a company under section 186 of the Companies Act'2013

Loan, guarantees and investments made by Coal India Limited in terms of Section 186 of the Companies Act 2013 is enclosed in Annexure 18.

37. Familiarization programme of Board Members.

Board of Directors are fully briefed on all business related matters, associated risk, new initiatives etc. of the company. The Board of directors were also briefed about the provisions of Companies Act 2013, Prohibition of Insider Trading Regulations, 2015 as amended and SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015. As per Regulation 25 of SEBI (Listing Obligations and Disclosure Requirement)

Regulations, 2015, the listed entity shall familiarize Independent Directors through various programmes about the listed entity, including the following: (a) Nature of the industry in which the listed entity operates; (b) Business model of the listed entity; (c) Roles, rights, responsibilities of Independent Directors; and (d) Any other relevant information.

As per regulation 46 of SEBI (Listing Obligations and Disclosure Requirement) Regulations 2015, the details of the familiarization programmes given to Independent Directors is to be disclosed on the website of the company. The same is disclosed on company's website and link is given hereunder:-https://www.coalindia.in/media/documents/Familiarization_Programmes_imparted_to_Independent_Directors_for_2020-21.pdf

38. Sexual Harassment of Women at the Workplace

The company has an Anti-Sexual Harassment Policy in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee (ICC) is working at every Subsidiary and office of Coal India Limited to redress complaints regarding sexual harassment. All women employees (permanent, contractual, temporary, trainees) are covered under the said policy. The ICC members of Coal India Limited, head quarters are as follows:

1. Ms. Ratnabali Shome – Chairperson

2. Smt. Sangita Goyal – Member

3. Sri Chinmayanand Gupta – Member

4. Dr. (Mrs.) S.P. Banerjee – Member

5. Shri Hrishikesh – Member

6. Ms. Pallabi Halder – NGO Member

No sexual harassment complaint was received during the year 2020-21 at Coal India Limited Hqs.

39. DIRECTORS' RESPONSIBILITY STATEMENT

In terms of Section 134(3) (c) of the Companies Act, 2013, read with the Significant Accounting Policies at Note-2 & Additional Notes on Accounts at Note-37 forming part of CIL (Standalone) Accounts and Significant Accounting Policies at Note-2 & Additional Notes on Accounts at Note-38 forming part of CIL (Consolidated) Accounts.

It is confirmed that: a) In the preparation of the Annual financial statements, the applicable Indian Accounting Standards have been followed and that no material departures have been made from the same; b) The Accounting Policies have been selected and applied consistently and judgements and estimates made that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and profit & loss of the company for that period; c) Proper and sufficient care have been taken for maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; d) The Annual Accounts have been prepared on a going concern basis; e) Internal Financial Controls have been laid down and that such controls are adequate and were operating effectively during the year ended 31st March, 2021. f) Proper systems have been devised to ensure compliance with the provisions of all applicable laws and such systems were adequate and operating effectively.

For CIL (Consolidated) Accounts, such confirmation is based on confirmation obtained from eight Indian subsidiaries of CIL viz: Eastern Coalfields Limited, Bharat Coking Coal Limited, Central Coalfields Limited(consolidated), Northern Coalfields Limited, Western Coalfields Limited, Mahanadi Coalfields Limited (consolidated), South Eastern Coalfields Limited (consolidated) and Central Mine Planning & Design Institute Limited. However, for the overseas subsidiary viz. Coal India Africana Limitada, which was incorporated under Mozambique Commercial Code and for Joint Ventures viz. International Coal Ventures Private Limited, NTPC Urja Private Limited, Hindustan Urvarak & Rasayan Limited, Talcher Fertilizers Limited and Coal Lignite Urja Vikas Private Limited where CIL is not the majority shareholder, such confirmation have not been obtained.

The group is taking continuous measures to combat the adverse impact of COVID-19 and has implemented manifold measures for ease of doing business. The group has considered the possible effects that may arise due to pandemic in the preparation of the financial results including the recoverability of carrying amounts of financial and non-financial assets as on 31st March, 2021. The group will continue to closely monitor any material changes arising out of future economic conditions and the resultant impact on its business.

Internal Financial Control & its Adequacy : (Details are disclosed in MD & AR portion) 40. ACCOUNTS OF THE SUBSIDIARIES

The statement containing the salient features of the financial statements of company's Subsidiaries, Associate companies and Joint ventures under the first proviso to sub-section (3) of section 129 of Companies Act, 2013 is enclosed as AOC 1 in Annexure 19. In terms of General Circular No.2/2011 dated 8th February, 2011 from Ministry of Corporate Affairs, the Annual Accounts of the Subsidiary companies shall be made available to the shareholders on demand.

41. COST AUDIT REPORT & COST AUDITOR

M/s Dhananjay V. Joshi & Associates conducted Cost Audit of your company for the year 2019-20 and Cost Audit Report was approved by the Board of Directors in their 413th meeting held on 14th October, 2020. The above report was filed in XBRL mode with MCA on 9th November, 2020.

M/s Shome & Banerjee was appointed as Cost auditor for CIL Standalone for the year 2020-21. E-form CRA-2 has been filed with MCA portal vide SRN R53219853 dated 4th September, 2020.

42. SECRETARIAL AUDIT

In pursuance of Section 204 of Companies Act 2013, company had conducted Secretarial Audit for the year 2020-21 by a peer reviewed practicing Company Secretary firm M/s Parikh & Associates, Practising Company Secretaries. Their appointment was approved in 400th CIL Board meeting held on 12th March'20. Company has obtained ‘Secretarial Audit Report' and the response to their comments are enclosed in Annexure 20. In addition, CIL has 6 Material Unlisted Subsidiaries and their Secretarial Audit Report along with Observation of Secretarial Auditor of Subsidiaries and Management Reply are also annexed as per Regulation 24A of LODR 2015.

43. RISK MANAGEMENT POLICY

CIL Board had approved Risk Management Charter and Risk Register to build up a strong Risk Management Culture within CIL in achieving company's goals and objectives. The entity level Risk Assessment included: i) Strategic Risk, ii) Operational Risk, iii) Financial Risk, iv) Compliance Risk, v) Project Related Risk and vi) Support System Risk.

As per the Risk Register, different risks have been identified for CIL & its Subsidiaries, Risk Owner & Risk Mitigation Plan Owner have also been nominated for each risk identified to ensure continuous monitoring and mitigation thereof. A Risk Management team headed by CRO in consultation with HoDs and under the guidance of the Risk Management Committee had implemented the governance process envisaged in the Risk Management Framework along with formulation of Risk Mitigation plans for the Prioritized Risks and RTMs (Risk That Matters) of CIL.

44. WEBLINK

The following policies may be accessed on the Company's website as under:-

1. Corporate Social Responsibility Policy: https://www.coalindia.in/media/documents/CSR_Policy_w.e.f._08.04.2021.pdf

2. Vigil Mechanism/Whistle Blower Policy: https://www.coalindia.in/media/documents/whistle-blower-policy_TYEsLJw.pdf

3. Policy for determining Material Subsidiary: https://archive.coalindia.in/DesktopModules/DocumentList/documents/POLICY_FOR_DETERMINING_MATERIAL_ SUBSIDIARIES_ 21032015.pdf

4. Related Party Transaction Policy: https://www.coalindia.in/media/documents/RPT_POLICY_CIl.pdf

5. Policy on determination of Materiality under SEBI(LODR) Regulations, 2015 https://archive.coalindia.in/DesktopModules/DocumentList/documents/Policy_on_determination_of%20_Materiality_under_SEBI_ LODR_%20Regulations_2015__03042017.PDF

6. Policy on Preservation of documents including Archival Policy under SEBI(LODR) Regulations 2015 https://www.coalindia.in/media/documents/Policy_on_Preservation_of_documents_including_Archival_Policy_under_SEBI_ LODR__ZXTbKI6.pdf

7. Dividend Distribution Policy under SEBI (LODR) Regulations 2015 https://www.coalindia.in/media/documents/Dividend_Distribution_policy_of_Coal_India_Limited_25102017_QwCV1sY.pdf

8. Annual Return for the year 2020-21.

Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return as on March 31, 2021 is available on the Company's website on https://www.coalindia.in/media/documents/Annual_Return_of_Coal_India_Limited_2020-21_366Ua8v.pdf 45. COMPANY CONFIRMS THE FOLLOWING:-

1. None of the Directors are disqualified for appointment as per Section 164 of the Companies Act'2013.

2. Company has not issued any Equity share with differential voting rights, Sweat Equity shares and ESOP.

3. Unclaimed Interim Dividend for the year 2012-13 was due for transfer to IEPF Account on 13.04.2020. Due to Covid-19 pandemic and within the time permitted by MCA, it was transferred on 26.06.2020. Further Unclaimed Final Dividend 2012-13 on which dividend had not been claimed for seven consecutive years were transferred to IEPF Authority on 19.10.2020 as stipulated in Companies Act 2013. Further Unclaimed Interim Dividend 2013-14 along with shares on which dividend had not been claimed for seven consecutive years were also transferred to IEPF Authority on 15.02.2021.

4. Statutory, Secretarial, and Cost Auditors had not resigned during the year 2020-21

5. No relative of director was appointed to place of profit.

6. As per Regulation 32(4) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 deviation of Proceeds of Public issue is not applicable to the company.

7. There is no deposit covered under Chapter V of Companies Act 2013.

8. There is no deposit, which is not under compliance of Chapter V of Companies Act 2013.

9. There is no change in the nature of business.

10. No Director is in receipt of any commission from Subsidiary companies in which he is a director.

11. Applicable Secretarial Standards, i.e. SS-1 and SS-2, relating to ‘Meetings of the Board of Directors' and ‘General Meetings', respectively, have been duly followed by the Company.

12. There is no Material Change from the end of financial year 2020-21 till the date of this Board Report.

46. ADDITIONAL INFORMATION

1. Details in respect of frauds reported by Auditors under section 143(12) other than those which are reportable to the Central Government.: No such report of fraud as per Audit Report of Standalone as well as Consolidated Accounts has been received.

2. Material changes and commitments, if any, affecting the financial position of the company which have occurred between the end of the FY and the date of the report: No material changes and commitments occurred between the end of the FY and the date of the report which may affect the Standalone as well as consolidated financial position of the company. Impact of outbreak of COVID-19 has not significantly affected performance of the company. However, management is closely observing the impacts of pandemic on its performance.

3. The names of companies which have become or ceased to be its subsidiaries, joint ventures or associate companies during the year. New Joint Venture namely Coal Lignite Urja Vikas Private Limited was incorporated in FY 2020-21.

Further, the company has incorporated two wholly owned subsidiaries on 16th April, 2021 viz. CIL Solar PV Limited for manufacturing of solar value chain (Ingot-wafer-Cell Module) and CIL Navikarniya Urja Limited for renewable energy.

47. 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 during difficult Covid-19 time and Trade Unions. Your Directors also gratefully acknowledge the co-operation, support and guidance extended to the Company by various Ministries of the Government of India in general and Ministry of Coal in particular, besides the State Governments. Your Directors also acknowledge with thanks the assistance and guidance rendered by Statutory Auditors, the Comptroller and Auditor General of India, Registrar of Companies, West Bengal, Secretarial Auditor and Cost Auditor and wishes to place on record their sincere thanks to Consumers for their continued patronage.

48. ADDENDA

The following are annexed:-i) Pre-tax Profit of CIL & its Subsidiaries for 2020-21 vis--vis 2019-20 (Annexure 1). ii) Subsidiary wise details of Dividend income of CIL Standalone (Annexure 2). iii) The comments of the Comptroller and Auditor General of India on Standalone Financial Statements of Coal India Limited (Annexure 3). iv) Auditors Report on the Standalone Financial Statements for the year ended 31st March, 2021 including Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act") [Annexure 3(A)]. v) The comments of the Comptroller and Auditor General of India on Consolidated Financial Statements of Coal India Limited (Annexure 4). vi) Auditors Report on the Consolidated Financial Statements for the year ended 31st March, 2021 including Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act") [Annexure 4(A)]. vii) Subsidiary wise Coal Off-take. (Annexure 5) viii) Sector-wise dispatch of coal & coal products. (Annexure 6) ix) Subsidiary wise details of Stock of Coal. (Annexure 7) x) Subsidiary wise details of Trade Receivables. (Annexure 8) xi) Subsidiary-wise payment of Royalty, GST, GST compensation Cess, Cess, Sales Tax, and Others. (Annexure 9) xii) Subsidiary-wise Coking & Non-coking production, Production from underground and opencast mines. (Annexure 10) xiii) Subsidiary-wise Washed Coal (Coking) Production. (Annexure 10A) xiv) Subsidiary wise Overburden Removal. (Annexure 10B) xv) Population of equipment. (Annexure 11) xvi) Subsidiary wise System Capacity Utilization. (Annexure 12) xvii) Subsidiary wise details of Capital Expenditure. (Annexure 13) xviii) Project Implementation (Annexure 14) xix) Safety performance. (Annexure 15) xx) Subsidiary wise manpower. (Annexure 16) xxi) Disclosures under Rule 5(1) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. (Annexure 17). xxii) Loan and Advances, Guarantees, Investments made by the company under Section 186(4) of the Companies Act' 2013 (Annexure 18). xxiii) Statement pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014) as on 31st March, 2021. (Annexure 19). xxiv) Secretarial Audit Report under Section 204 of Companies Act 2013 and Secretarial Audit Report of Material Subsidiaries and Management Explanation. (Annexure 20). xxv) Foreign Exchange Earning and Outgo under Rule 8 of Companies (Accounts) Rules 2014 (Annexure 21). xxvi) Details about Research and Development of the Company (Annexure 22). xxvii) Disclosure as per Section 135 of Companies Act 2013 on Corporate Social Responsibility (Annexure 23). xxviii) Significant and Material Orders passed by the Regulators or Courts. (Annexure 24). xxix) Corporate Governance Report. (Annexure 25)

For and on behalf of the Board of Directors
Sd/-
Pramod Agrawal
Dated: 13th August, 2021 Chairman-cum-Managing Director
Kolkata (DIN-00279727)

   

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