South Eastern Coalfields Limited is the largest coal producing company in the country. It is one of the eight subsidiaries of Coal India Limited (A Govt. of India Undertaking) under the Ministry of Coal.SECL has been awarded “Mini Ratna" Status by Govt of India in 2007.

No. of SECL in Districts The SECL occur in five districts i.e. Bilaspur,

Korba, Raigarh , Surguja & Korea in Chhattisgarh.

And three districts Shahdol, Umaria, Anuppur district in Madhya Pradesh.

No. of Mines SECL has 92 Mines. Total UG Mines are 70

and Total OC mines are 21.There is 1 mixed mine.

There are 42 UG Mines, 13 OC Mines, 1 Mixed Mines in Chhattisgarh

28 UG Mines, 8 OC Mines in Madhya Pradesh.

These mines are divided into 13 Administrative areas - 1.Johilla area2.Sohagpur area 3.Jamuna & kotma area4.Hasdeo area5.Chirimiri area6.Baikunthpur area7.Bisrampur area8.Bhatgaon Area9.Korba area10.Gevra area11.Kusmunda area12.Raigarh area13.Dipka area.The corporate office is at Bilaspur (C.G.).

Departments of SECL

Sales Purchase Finance Operation

PRODUCTION & PRODUCTIVITY Total Production in the year 2009-10 was

108.01  Million Tonnes against the target of 106  Million Tonnes which is 6.78 % more   than in the year 2008-09.

STATE WISEPRODUCTION (MT)[ 2008 - 09 ] Chhattisgarh = 88.72 %

Madhya Pradesh = 12.43 %

Gross profit before tax

YEAR RS. IN CRORES

2007-08 2067.15

2008-09 1817.93

2009-10 3063.57

COST

The cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing.

BUDGETA Budget is a plan that outlines an organization's financial and operational goals. So a budget may be thought of as an action plan; planning a budget helps a business allocate resources, evaluate performance, and formulate plans.

The basic process of planning a budget involves listing the business's fixed and variable costs on a monthly basis and then deciding on an allocation of funds to reflect the business's goals.

Incremental budgets are budgets in which the figures are based on those of the actual expenditure for the previous year, with a percentage added for an inflationary increase for the new year.

This is an easy method that saves time but it is the “lazy” way and is often inaccurate.

This budgeting technique is only suitable for organizations where each year is very similar to the previous one in terms of activities.

INCREMENTAL BUDGETING

In zero based budgets, past figures are not used as the starting point.

The budgeting process starts from “scratch” with the proposed activities for the year.

The result is a more detailed and accurate budget, but it takes more time and energy to prepare a budget in this way.

ZERO-BASED BUDGETING

FINDING

The work will done in the slow process. The are not doing any research. According to previous year data they will

prepared new budgets.