CCI okays acquisition of shares of STT GDC Pte. Ltd by Ruby Asia Holdings II Pte. Ltd. & Singtel Interactive Pte. Ltd. (See 'Corp Brief') Proba-3 - India to launch EU's solar observatory satellite in Dec; Govt hails Indo-EU space partnership (See 'Corp Brief') ISA releases World Solar Report series (See 'Corp Brief') Misc - There is no violation of procedure on part of management in terminating services of employee, if employee had accepted one month salary in lieu of notice, as per appointment letter: SC (See 'Legal Desk') Indo-Kazakh JV set up; IREUK Titanium Ltd to produceTi Slag in India (See 'Corp Brief') Ministry of Tourism participates in World Travel Market in London (See 'Corp Brief') PMLA-Order imposing penalty for failure to carry out statutory obligation will not ordinarily be imposed unless party obliged either acted deliberately in defiance of law or was guilty of conduct: HC (See 'Legal Desk') ISA selects Ashish Khanna as new DG (See 'Corp Brief') GeM launches 170 Seed Categories on portal (See 'Corp Brief') Arbitration-Forfeiting bid amount is permitted when bidder refuses to perform work as per terms and withdraws contract too: HC (See 'Legal Desk') Coal Minister lauds CIL's People Centric PLI Scheme for Contractual Workers (See 'Corp Brief') SAIL signs MoU with ASCI Hyderabad for academic collaboration (See 'Corp Brief') Prevention of Money Laundering Act,2002-Person who is under the age of 16 years or is woman or is sick, the Special Court may release on bail as per section 45 (1)(ii): HC (See 'Legal Desk') FCI and state agencies procure 85.41 lakh metric tonne of paddy in Punjab (See 'Corp Brief') Cr PC -Application for bail has been filed by accused even though statutory period is not mentioned court may still look into Application and consider whether petitioner is entitled to bail or not: HC (See 'Legal Desk') Coal India Steps into 50th Year (See 'Corp Brief') RTI Act-PIO is not required to furnish information where clarity is needed in interpretation of information: IBBI (See 'Legal Desk') Robust growth in production of Key Minerals and non-ferrous Metals in H1 (See 'Corp Brief') Arbitration and Conciliation Act,1996-Scope of Section 9 of Act of 1996 does not exist for the appellant for agitation if arbitration award has already been passed: HC (See 'Legal Desk') BSNL accelerates Swadeshi 4G Rollout (See 'Corp Brief') IBC- Invocation of pledged shares does not dissolve liability of Corporate Debtor towards Financial Creditor: NCLT (See 'Legal Desk') PM GatiShakti Planning Group evaluates key Infrastructure projects (See 'Corp Brief') Indian Medical Council Act-Clinical training that appellants would undergo after successful completion of Phase III Part I of MBBS examination would only be counted as qualifying training period for Phase III Part II examination: HC (See 'Legal Desk') IBC-Claim of Operational Creditors, if on verification by resolution professional is found to be less than 10% of total debt, they cannot claim any right to representation in meeting of Committee of Creditors: IBBI (See 'Legal Desk') Centre ensuring seamless paddy and CMR procurement in Punjab State: Joshi (See 'Corp Brief') Commercial Courts Act,2015-Failure to claim interest from date of institution of suit till its realization for pre-suit period negates right of plaintiff to such claim-YES: HC (See 'Legal Desk') MAHA-EV Mission brings together experts to drive India's smart transport research (See 'Corp Brief') Constitution of India - Deprivation is norm and liberty is exception: HC (See 'Legal Desk') Constitution of India- Fundamental right of liberty provided under Article 21 is superior to statutory restrictions and reiterated principle that 'bail is rule and refusal is exception': HC (See 'Legal Desk') 'SECL Ki Dhadkan' successfully completes Life-Saving Heart Surgeries for 20 Children (See 'Corp Brief') Misc - High Court cannot defer Corporate Insolvency Resolution Process when main relief sought in writ petition to consolidate CIRP of two companies was refused: SC (See 'Legal Desk') NCGG concludes First Mid-Career Training Program for BIMSTEC Civil Servants (See 'Corp Brief') SEBI Act -Every partner is liable for contravention committed by partnership firm,unless proved otherwise: SEBI (See 'Legal Desk') AI for Citizen Safety: Join IndiaAI CyberGuard AI Hackathon (See 'Corp Brief') Trade marks- Proprietor of trademark need not go against each and every person/ entity infringing and/ or passing off its trademarks and which do not cause prejudice to its distinctiveness: HC (See 'Legal Desk') MyGov's National Space Day Quiz engages Citizens (See 'Corp Brief') Trade marks Act-Use of same mark by defendants gives an unfair advantage to defendants and is detrimental to the distinctive character or repute of plaintiff's well-known registered trademark: HC (See 'Legal Desk')

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Coal India Steps into 50th Year

Published: Nov 04, 2024

By TIOLCorplaws News Service

NEW DELHI, NOV 04, 2024: CONTINUING to meet India's coal requirement and bolstering the energy sector, the state owned Coal India Limited (CIL) stepped into its 50th year of inception on 1st November 2024. CIL came into being on 1 st November 1975 as an apex holding company of the nationalized coking coal (1971) and non-coking mines (1973).

From 89 Million Tonne (MT) production during 1975-76, the year CIL was formed, the Maharatna coal behemoth under the Ministry of Coal ended FY 2024 with 773.6 MT output – an 8.7 fold growth.  With 80% of its entire supplies directed to coal based power plants at highly competitive rates CIL plays a key role in enabling the citizens getting power at a just price.

Though CIL's employee strength fell sharply by almost a third to 2.25 Lakhs now from 6.75 Lakh employees during the early years of Nationalization, the production has taken an upward leap.

Congratulating Coal India, Union Minister of Coal and Mines, G Kishan Reddy said, "As Coal India enters into its Golden Jubilee Year with many milestones under its belt, I convey my best wishes to the company. Coal is yet to peak to its full potential in India. Indigenous production is vital to avoid expensive imports. Coal India has to ramp up production to higher levels in future with equal importance to people oriented social responsibility, welfare and safety".

It had been an eventful near five decade journey for CIL. The company braved many changes and challenges, trials and tribulations but managed to deliver what was expected of it. From a pure play coal producing company, Coal India is now diversifying into solar power, pithead power stations, coal gasification and critical minerals in the National interest.

Beginning 2007, CIL had been formally observing its Foundation Day celebration as an in-house event. This includes J B Kumaramangalam Memorial lecture by either a former Chairman or an Industry expert and bestowing awards on best performers. This year as well the company will be celebrating the event on 3 rd November in Kolkata with the Coal Minister as the Chief Guest and Coal Secretary as Guest of Honour.

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