Corporate Announcement
Security Code : 533278    Company : COALINDIA    
 
UpdatesDownload PDF Download XBRL
  Exchange Received Time  09/06/2017 17:07:51         Exchange Disseminated Time   09/06/2017 17:08:01              Time Taken   00:00:10
We refer to your email dated 9th June'2017. Our clarifications are as under:-

'Every year, Subsidiaries of CIL generally undertake an exercise to determine profit/loss making operating mines for comparative study of the performance of such mines over previous years as well as for opening of new mines.

Government of India (Ministry of Coal) during the Review Meeting with CIL & its Subsidiaries noted that substantial number of mines which are not been able to recover salary of the workers and directed that all Subsidiaries of CIL to conduct a detailed study of such mines and report the action taken to list out the unviable mines.

In view of above, an action plan has been prepared by subsidiaries in which 37 unviable UG mines has been envisaged to be closed in 2017-18. The identified surplus manpower from these mines would be gainfully redeployed in nearby mines of areas to reduce further loss in these mines.'

 

Disclaimer

Back To Announcements