Rajarhat is the new HQ of Coal India
State-owned Coal India Ltd will move its headquarters from heart of Kolkata to its outskirts, some 25 km away at Rajarhat, West Bengal. Its previous headquarter was the 109-year-old building. The new headquarters will be built over 15 acres at an investment of Rs188 crore, by the end of this year.
About Coal India Limited (CIL)
Coal India Limited (CIL) is an Indian state-controlled coal mining company. It was headquartered in Kolkata, West Bengal. It is the largest coal producer company in the world and contributes around 81% of the coal production in India. Union Government of India owns 90% of the shares in CIL and controls the operations of CIL through Ministry of Coal. In April 2011, CIL was conferred the Maharatna status by the Union Government of India. It is India’s 5th most valuable company in terms of market value.
Categories: Business & Economy Current Affairs 2017