Brief profile of Coal India Ltd.

MISSION OF COAL INDIA LTD.

The mission of Coal India Limited is to produce the planned quantity of coal efficiently and economically with due regard to safety, conservation and quality.

VISION

Be the leading energy supplier in the country,through best practices from mine to project.

Coal India Ltd. a Mini Ratna Company is the single largest coal producing company in the world.During financial year 2007-08, Coal India produced 379 million tonnes of coal and has plan to increase it’s production up to 520 million tones by the end of 2011-12.It has 4.25lakh employee and having its headquarters at Kolkata,West Bengal.It is the largest corporate employer in the world . It contributes about 85% of total Coal production in India.Its turnover was Rs. 38,631.33 crores during thefiscal year 2007-2008 and with a gross profit of Rs. 8,122 Crores.

.

Coal India Ltd. is the holding company and has eight subsidiary companies.

1.Eastern Coalfields Ltd.(Sanctoria near Asansol)2.Bharat Coking Coal Ltd.(Dhanbad)3.Central Coalfields Ltd.(Ranchi)4.Western Coalfields Ltd.(Nagpur)5.South Eastern Coalfiels Ltd.(Bilaspur)6.Mahanadi Coalfields Ltd.(Sambalpur)7. Northern Coalfiels Ltd.(Singrauli)8. Coal Mine Planning & Design Instt. Ltd.(Ranchi)

Coal India ( in short CIL) operates 473 mines spread over in eight states out of which 283 are underground, 155 opencast and 35 mixed mines. It operates 19 Coal Beneficiation Plants.CIL mainly produces coking and non-coking coal .74% of total coal production of CIL caters to 72 thermal power station, out of 75 of the country, generating 64,285 MW.

Other Information

• Period of training for Management Trainees.• One year for Mining,Electrical&Mechanical discipline.

• Security Deposit• To serve for a minimum period of 50 months for which an

amount of Rs.1,000/-per month will be deducted from the salary of the trainees and after completion of 50 months the amount will be refunded.

• Emoluments• Minimun Rs. 16,911(including 30%H.R.A)during

training period in E1 scaleof pay.

After successful completion of training period, the incumbents will be placed in E2 grade in the scale of 10,750-16750.

• Existing pay scales of pay in different grades.• E1 Rs.8600-14600/-

• E2 Rs.10750-16750/-

• E3 Rs.13750-18700/-

• E4 Rs.16000-20800/-

• E5 Rs. 17500-22300/-

• M1 Rs. 18500-23900/-

• M2 Rs.19500-25000/-

• M3 Rs. 20500-26500/-

• M4 Rs. 22500-27300/-

Pay scales are due for upward revision w.e.f.01.01.07.The pay package may be around Rs. 4 to 5 lakhs at the initial

stage after revision.• Career Growth.• After one year successful completion of training,the placement will be in E2

grade in the pay scale of Rs.10750-16750/- with annual increment of 4% of basic or Rs.600/-(under revision) whichever is less.

• Promotion from E2 to E3 grade and E4 to E5 grade are time bound under cluster concept on completion of three years in below grade. Promotion from E3 to E4 gradeis vacancy based on seniority cum merit basis.

• In this process, it is expected that an executive may reach up to E5 grade within 10 to 12 years. Promotion beyond E5 grade on merit-cum-seniority basis based on vacancy. If an executive performs well, he may become Director/CMD of the company after 18 to 20 years.

• Fast Track Promotion– There is a separate fast track promotion system for the

excellent and extra ordinary executives.

Perks1. LLTC- once in a Block of four years which includes to abroad.2.LTC. Once in every year for visiting home town

• Conveyance Allowance• i) Four wheeler : Rs. 2500/- p.m.(E5 and above)

» : Rs.2000/- p.m.(E4 and below)

• ii)Two Wheeleer

– Scooter/Motor Cycle : Rs.700/- p.m.

– Moped : Rs. 250/- p.m.

• Underground Allowance : @ 15% of basic pay for those who are required to go underground regularly.

Schooling Facility:In the event of posting in Coalfield good/reputed schools are available with Subsidized transport facility for the school children. Coalfield Allowance

• From Rs. 8600-10750/- : 425/- p.m.

• Rs. 10751/--Rs.12092/- : 800/- p.m.

• Rs. 12093/ and above : Rs. 1100/- p.m.

• City Compensatory Allowance

• Reimbursement of one cooking gas cylinder every month

• Unlimited Reimbursement of Medical Treatment incurred outside company empanelled hospital as per extant MAT rules.

• Specialist Allowance for executives posted in CMPDIL.

House Rent AllowanceMaximum 30% p.m. of basic and minimum 10% of basic

• Gratuity ( on retirement or death) Presently maximum Rs. 3,50,000/- as per payment of Gratuity Act 1972.

• CMPF : 12% contribution with equal share of the employee and employer. On retirement it may come Rs.50,00,000/- as per present salary structure.

• Pension : on retirement 25% of basic plus DA.

• Post Retirement Medical benefit: on payment of Rs.40,000/- after retirement Rs.5 lakhs will be covered for medical treatment of the executive and his spouse besides payment of one months pensionable amount in every year for purchase of medicine without production of any document.

• Accidental death/Permanent total disablement:- One time payment of Rs 5 lacs in addition to other payment.

• Dependent’s Employment:-In the event of death/Medical unfit/permanent total disablement, one employment is provided to the dependent of the executive.

Statement of CTC for Category ‘A+’ EnterprisePre-revised annual CTC

Rs.Lakhs

Revised annual CTC at Min. Basic

without perks and

PRP Rs.Lakh

Revised annual CTC with full Perks and

Maximum PRP Rs.Lakhs

Sl. No.

Grade

At Min. At Max.

Proposed Scale

Risk Pay Total fixed pay

at the minimum of scale

At the Min.of the

scale

At the Max. of

the scale 1 E0 2.17 3.80 14500-25000 1300 15800 2.61 4.51 7.66 2 E1 2.88 4.88 19000-32100 1700 20700 3.42 5.90 9.80 3 E2 3.72 5,60 24000-37000 2200 26200 4.32 7.46 11.36 4 E3 4.35 6.11 29000-40100 2500 31500 5.22 9.00 12,30 5 E4 4.85 6.26 33500-44000 3500 37000 6.03 10.89 14.17 6 E5 5.35 6.96 37000-48200 4500 41500 6.66 12.08 15.52 7 E6 5.86 7.46 41000-52000 6000 47000 7.38 14.00 17.57 8 E7 6.19 8.00 45000-58000 8000 53000 8.10 15.54 19.75 9 E8 6.86 8.87 50000-64000 9000 59000 9.00 17.88 22.58 10 E9 7.95 9.55 55000-70000 10000 65000 9.90 19.68 24.72 11 E10 --- --- 65000-75000 15000 80000 11.70 26.76 30.60 12 Director 8.61 10.35 80000 20000 100000 15.36 36.96 36.96 13 CMD 9.28 10.89 100000 25000 125000 19.20 52.20 52.20

Fixed pay for Executives in Category ‘A+’ Enterprises

Total Fixed pay Sl. No.

Grade Pre-revised Pay scale

Proposed Pay Scale

(Basic pay)

Risk Pay Minimum Maximum

1 E0 6550-200-11350 14500-25000 1300 15.800 26.300 2 E1 8600-250-14600 19000-32100 1700 20.700 33.800 3 E2 10750-300-16750 24000-37000 2200 26.200 39.200 4 E3 13000-350-18250 29000-40100 2500 31.500 42.600 5 E4 14500-350-18700 33500-44000 3500 37.000 47.500 6 E5 16000-400-20800 37000-48200 4500 41.500 52.700 7 E6 17500-400-22300 41000-52000 6000 47.000 58.000 8 E7 18500-450-23900 45000-58000 8000 53.000 66.000 9 E8 20500-500-26500 50000-64000 9000 59.000 73.000 10 E9 23750-600-28550 55000-70000 10000 65.000 80.000 11 E10 New Scale 65000-75000 15000 80.000 90.000 12 Director 25750-650-30950 80000(fixed) 20000 1.00.000 1.00.000 13 CMD 27750-750-31500 100000(fixed) 25000 1.25.000 1.25.000