Financial Statement of Coal India Limited - 2017-2018 StudyChaCha

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Old September 13th, 2017, 01:15 PM
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Default Financial Statement of Coal India Limited

Hi I would like t know about Coal India Limited (CIL) as well as its financial performance for the year 2015-2016?
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Old September 13th, 2017, 01:33 PM
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Default Re: Financial Statement of Coal India Limited

Coal India Limited (CIL) is a ''Maharatna'' company under the Ministry of Coal, Government of India with its headquarters situated at Kolkata, West Bengal. CIL is the single largest coal producing company in the world as well as one of the largest corporate employers with manpower of 3,33,097 (as on 1st April, 2015). CIL operates through its 82 mining areas spread over eight provincial states of India.

Managing the development circular segment underway and off-take, the organization had surpassed a large portion of a-Billion Ton check in both the physical aspects for the second back to back year.

Amid 2016-17 Coal India accomplished coal generation of 554.14 Million Tons (Mt). You will be satisfied to realize that organization has expanded its generation by 15.39 million tons over a year ago. Coal creation has taken a quantum hop of more than 100 MTs in a five-year traverse, from the level of 452.21 Mt. recorded in 2012-13 to the present level. This size of increment has never been accomplished beforehand amid a 5-year time frame.

Financial Performance:

Coal India is one the most astounding supporters of the administration ex-chequer both Central and State governments. Coal India paid corporate expenses of ` 8,942.70 crores to Government of India in FY 2016-17.

Coal India and its auxiliaries had likewise paid/balanced ` 44,070.22 crores Royalty, Cess, VAT, DMF and NMET and different tolls.

Amid 2016-17, Coal India all in all earned pre-impose benefit of ` 14,433.71 crores and a Profit after Tax of ` 9,265.98 crores.

Your organization had paid a break profit of ` 12,352.76 crores @ ` 19.90 for every offer. Of the aggregate profit, the offer of Govt. of India was ` 9,736.40 crores and the rest ` 2,616.36 crores was given to different investors.

Methodologies for Growth

Coal India is confronted with meeting testing focuses in the years ahead. Going ahead, keeping in mind the end goal to meet the creation targets, Coal India needs to venture up to a twofold digit development rate.

To support the development force in its generation and off-take in future, Coal India has defined after multi-pronged systems.

Balance Sheet of Coal India

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