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Annual Report & Accounts 2019-20

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Eastern Coalfields Limited (A subsidiary of Coal India Limited) ANNUAL REPORT & ACCOUNTS 2019-20 EASTERN COALFIELDS LIMITED (A subsidiary of Coal India Limited) www.easterncoal.nic.in Mission To produce and market the planned quantity of coal and coal products efficiently and economically in an eco-friendly manner with due regard to safety, conservation and quality. Vision To emerge as a global player in the primary energy sector committed to provide energy security to the country by attaining environmentally & socially sustainable growth through best practices from mine to market. CONTENTS Sl.No. Contents Page No. 1. Management ............................................................................................ 04 2. Bankers/Auditors .................................................................................... 06 3. Notice of Annual General Meeting ........................................................... 08 4. Chairman’s Statement ............................................................................. 11 5. Operational Statistics/Financial Position ................................................. 15 6. Profile of Directors ................................................................................... 33 7. Boards’ Report 2019-20............................................................................ 37 8. Comments of the Comptroller and Auditor General of India .................... 128 9. Auditors Report and Management’s Reply ............................................... 130 10. Balance Sheet as on 31st March, 2020 ................................................... 146 11. Statement of Profit & Loss for the year ended 31st March, 2020 ............ 148 12. Statement of Changes in Equity for the year ended 31st March, 2020 .... 150 13. Cash Flow Statement for the year ended 31st March, 2020 .................... 151 14. Corporate Information and Significant Accounting Policies ...................... 153 15. Notes forming part of Balance Sheet ........................................................ 171 16. Notes forming part of Statement of Profit & Loss ..................................... 189 17. Additional Notes on Accounts .................................................................. 196 EASTERN COALFIELDS LIMITED EASTERN COALFIELDS LIMITED MEMBERS OF BOARD as on 19th August, 2020 Functional Directors: Shri Prem Sagar Mishra : Chairman-cum-Managing Director Shri Jaiprakash Gupta : Director (Technical) Project & Planning CORPORATE OVERVIEW CORPORATE Shri Vinay Ranjan : Director (Personnel) Shri B. Veera Reddy : Director (Technical) Operations Shri Gautam Chandra De : Director (Finance) Part time Official Directors: Shri Animesh Bharti : Economic Adviser, MoC, New Delhi Shri Sanjiv Soni : Director (Finance), CIL, Kolkata Independent Directors: Shri Pravin Kant STATUTORY REPORTS STATUTORY Shri Anil Kumar Ganeriwala Permanent Invitee: Shri Utpal Kanti Bal : PCOM, Eastern Railway Company Secretary: Shri Rambabu Pathak FINANCIAL STATEMENTS FINANCIAL 4 Annual Report 2019-20 EASTERN COALFIELDS LIMITED EASTERN COALFIELDS LIMITED MANAGEMENT DURING 2019-20 Shri Prem Sagar Mishra : Chairman-cum-Managing Director (From 20.08.2018) Functional Directors: Shri Sunil Kumar Jha : Director (Technical) Operations (Upto 31.12.2019) Shri Jaiprakash Gupta : Director (Technical) Project & Planning (From 18.06.2018) Shri Sanjiv Soni : Director (Finance) (Upto 10.07.2019) Shri Vinay Ranjan : Director (Personnel) (From 16.08.2018) OVERVIEW CORPORATE Shri Samiran Dutta : Director (Finance) (Additional Charge) (From 16.08.2019 to 03.03.2020) Shri B. Veera Reddy : Director (Technical) Operations (From 01.01.2020) Shri Gautam Chandra De : Director (Finance) (From 03.03.2020) Part time Official Directors: Shri Animesh Bharti : Economic Adviser, MoC, New Delhi (From 17.03.2020) Shri Bhabani Prasad Pati : Joint Secretary, MoC, New Delhi (Upto 17.03.2020) Shri Sanjiv Soni : Director (Finance), CIL, Kolkata (From 29.10.2019) Shri Shyam Nandan Prasad : Director (Marketing), CIL, Kolkata (Upto 29.10.2019) REPORTS STATUTORY Independent Directors: Shri Pravin Kant : From 13.12.2018. Shri Anil Kumar Ganeriwala : From 10.07.2019. Prof. (Dr.) Indira Chakravarty : Upto 16.11.2019. Permanent Invitee Shri Utpal Kanti Bal : PCOM, Eastern Railway (From 28.02.2019) Company Secretary Shri Rambabu Pathak : From 01.07.2018 STATEMENTS FINANCIAL Annual Report 2019-20 5 EASTERN COALFIELDS LIMITED BANKERS DURING 2019-20 State Bank of India United Commercial Bank Axis Bank Oriental Bank of Commerce Allahabad Bank Bank of Baroda Punjab National Bank Union Bank of India United Bank of India Bank of India Corporation Bank ICICI Bank Canara Bank Syndicate Bank STATUTORY AUDITOR DURING 2019-20 1. M/s. G. P. Agrawal & Co., 7-A, Kiran Shanker Ray Road, 2nd Floor, Kolkata-700001 Branch Auditors: 2. M/s. Ray & Co., Flat No. - 8C, 8th Floor, 21A, Shakespeare Sarani, Kolkata-700017. 3. M/s. Saraf & Chandra, 501, Ashoka House, 3A Hare Street, 5th Floor, Kokata-700001. 4. M/s. ADD & Associates, P-168, Sector-B, Metropolitan Co-Operative Housing Society Ltd., Kolkata-700105. 5. M/s. Maheshwari and Associates, Geetanjali Apartments, Flat No. 6A, 6th Floor, 8B Middleton Street, Kolkata-700071. 6. M/s. S. K. Basu & Co., Tample Chambers, 2nd Floor, 6 Old Post Office Street, Kolkata-700001. COST AUDITORS DURING 2019-20 CORPORATE OVERVIEW CORPORATE 1. M/s. S G & Associates, 8A Santi Ghosh Street, Kolkata-700003. 2. M/s. K. G. Goyal & Associates, 4A, Pocket-2, Mayur Vihar III, New Delhi- 110096 3. M/s. Basu, Banerjee, Chakraborty, Chattopadhyay & Co., 42/B, Shibtala Street, Uttarpara, Hooghly, West Bengal, Pin-712258. 4. M/s. B. G. Chowdhury & Co., Shree Appartment, 11/47A, Panditiya Road, Kolkata-700029. 5. M/s. M. G & Associates, Mishra Niwas, Punjabi Para, Chitra, Radhanagar Road, Burnpur, Asansol, West Bengal, Pin-713325. 6. M/s. J P and Co., 60/9A, Gouri Bari Lane, Kolkata – 700004. SECRETARIAL AUDITOR DURING 2019-20 1 M/s. J.K. Das & Associates, Das Villa, Plot No. 883, Bijan Kanan, Brahmpur, Kolkata-700096. INTERNAL AUDITORS DURING 2019-20 STATUTORY REPORTS STATUTORY 1 M/s Nirupam & Associates, Raskhola Para, Khardah, Dist. 24Pgs. (N), Kolkata-700117 2 M/s D. K. Chhajer & Co, Nilhat House, 11, R. N. Mukherjee Road, Ground Floor, Kolkata-700001 3 M/s Dinesh K.Yadav & Associates, M-4, Narayan Place, Fraser Road, Patna - 1 4 M/s S. N. Mukherjee & Co, Emerald House, 1B, Old Post Office Street, 3rd Floor, Kolkata-700001 5 M/s P. K. Gutgutia & Co, J J Complex (2nd Floor), Bank Road, Dhanbad – 826001, Jharkhand 6 M/s Sen & Co., 1/13, Chittaranjan Colony, Jadavpur, Kolkata-700032. 7 M/s R. N. Goyal & Co. Mangturam Road, Siliguri-734005 8 M/s R. K. Deepak & Co, 303-B, Apra Plaza, Plot No. 28, Road No.44; Pitampura, Delhi-110034. 9 M/s D. P. Sen & Co., 22, Ashutosh Chowdhury Avenue, 2nd Floor, Flat No. 22, Kolkata-700019 10 M/s A. N. Chatterjee & Co., 41A, Townshend Road, Kolkata-700025 11 M/s Chatterjee & Co., 21/2, Gariahat Road (West), Kolkata - 700068. 12 M/s S. Mallick & Co, 11, Old Post Office Street, Block-B, 3rd Floor, Kolkata-700001. 13 M/s Chunder Khator & Associates., 10A, British Indian Street, Kolkata - 700069 14 M/s Bhattacharya Das & Co., 2, Garstin Place (Ground Floor), Kolkata-700001 FINANCIAL STATEMENTS FINANCIAL 15 M/s N. N. Das & Co., Piyali Apartment, 660, Rajdanga Main Road, Kolkata-700107 REGISTERED OFFICE, CIN AND WEBSITE Eastern Coalfields Limited, CMD’s Office, Sanctoria, Post Office -Dishergarh, District- Paschim Burdwan, Pin-713333, West Bengal CIN-U10101WB1975GOI030295 www.easterncoal.nic.in 6 Annual Report 2019-20 EASTERN COALFIELDS LIMITED BOARD OF DIRECTORS Shri Prem Sagar Mishra Chairman-cum-Managing Director CORPORATE OVERVIEW CORPORATE Shri J.P. Gupta Shri Vinay Ranjan Shri B Veera Reddy Shri Gautam Chandra De Director (Technical) Director (Personnel) Director (Technical) Operations Director (Finance) Project & Planning STATUTORY REPORTS STATUTORY Shri Animesh Bharti Shri Sanjiv Soni Shri Pravin Kant Shri Anil Kumar Ganeriwala Part time Official Director, ECL Director (Finance), CIL Part time Non-Official Director Part time Non-Official Director Economic Adviser, MoC Part time Official Director, ECL Eastern Coalfields Limited Eastern Coalfields Limited FINANCIAL STATEMENTS FINANCIAL Shri Utpal Kanti Bal Shri Rambabu Pathak Permanent Invitee Company Secretary PCOM, Eastern Railway Annual Report 2019-20 7 EASTERN COALFIELDS LIMITED ईस㔟र㔨 कोलफील्ड㔸 लललि㔟े् EASTERN COALFIELDS LIMITED अध㔯क्ष-सह-प्रबंध निदेशक का का㔯ा봾ल㔯 Office of the Chairman-cum-Managing Director सांकतोन㔯ा, प配ाल㔯- निसेरग褼, Sanctoria, P.O.: Dishergarh, Dist.: Paschim Bardhaman, West Bengal-713333 निला- पन椿म ब셍봾माि, पन椿म बगाल-713333 ं Company Secretariat कं परी 㔸लिवालय CIN-U10101WB1975GOI030295 सी.आइ.एि-U10101WB1975GOI030295 Website – www.easterncoal.gov.in वेबसाइट – www.easterncoal.gov.in Telefax: 0341-2520546 E-Mail: [email protected] Ref.No. ECL:CS: 15(2020)/7748 17 th August, 2020 NOTICE OF 45th ANNUAL GENERAL MEETING Notice is hereby given that the Forty Fifth (45th) Annual General Meeting of the Shareholders of Eastern Coalfields Limited will be held on Wednesday, 19th August, 2020 at 12:30 P.M. at the Registered Office of the Company, CMDs Office, Sanctoria, PO- Dishergarh, Paschim Bardhaman, PIN-713333, West Bengal to transact the following businesses through Video Conferencing CORPORATE OVERVIEW CORPORATE (VC)/Other Audio Visual Means (OAVM) in conformity with the regulatory provisions and Circulars issued by the Ministry of Corporate
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    Page 1 of 10 ईट셍न कोलफील्ड्स लललिटेड EASTERN COALFIELDS LIMITED (कोल इंडिया का एक अंग) (A Subsidiary of Coal India Limited) Office of the Chairman-Cum-Managing Director, अध्यक्ष- सह प्रबन्धक निर्देशक का कायाालय, Sanctoria, PO: Dishergarh, सं啍टोरिया, पो-दर्दशेिगढ़, जिला-वधामाि, Dist. Burdwan. West Bengal - 713333. पजचिम बंगाल-713333 Office of the General Manager (P&IR). महाप्रबंधक(का/औ.स.) का कायाालय CIN-U10101WB1975GOI030295. CIN-U10101WB1975GOI030295. E-mail - [email protected] [email protected] Telefax- 0341-2523586. फ़ै啍स- 0341-2523586. ______________________________________________________________________________________ Ref. NO. ECL/CMD/C-6/Rectt/14/ 586 Date: 06th Nov, 2014 Office Order Consequent upon the recommendation of the Departmental Selection Committee the Competent Authority has accorded approval for selection of the following employees as Clerk Grade-III. They are hereby posted in the Areas/Units/Estb. as given against their names. List of GEN candidates Place of Posting on SL. Designati Present Area Roll Name of Employee UM No. CAT PH selection of Clerk NO on Name No Grade-III ARPITA DALAL General ECL Sales 1 193772 OBC 10338 ECL Sales Office,Kolkata CHOWDHURY Mazdoor Office Security 2 Santanu Roy 189967 GEN ECL.HQ. 10002 ECL,HQ. Guard Smt. Soma 3 194444 Gen.Maz. GEN ECL.HQ. 10021 ECL,HQ. Bhowmick BRAJANATH T.R,U.G. 4 189781 GEN Sodepur Area 10217 ECL,HQ. BANERJEE MAZ. Samp.Ma 5 Arun Kr Singh 190524 GEN Kenda Area 10914 Kenda Area z 6 ANINDYA MANDAL 116419 T/R GEN Satgram Area 10523 ECL,HQ.
  • Mine Water Utilization Status Report – Format Circulated to Coal Companies by Moc

    Mine Water Utilization Status Report – Format Circulated to Coal Companies by Moc

    Ministry of Coal Sustainable Development Cell Status Report on Mine Water Utilization June, 2021 PREFACE Coal plays a crucial role in India’s energy consumption matrix and is expected to remain the bedrock of the energy supply for the country till 2030 and beyond. Coal India Limited (CIL), NLC India Limited (NLCIL) and Singareni Collieries Company Limited (SCCL) are key contributors towards coal production in India and have set ambitious targets to push up coal production in the coming years. Apart from coal production, emphasis is also placed on facilitating improvement in social and environmental scenario of coal mining areas through various forums / mechanisms; utilization of mine water is a stepping stone towards fulfilling this agenda. Mine water generation occurs where aquifers surrounding the coal seams get exposed during the mining operation – the result is an accumulation of groundwater in a sump within the mine. In order to continue safe mining operations, the accumulated mine water is dewatered to a separate sump within the mine lease area. Generally, these mine water sumps / pit lakes are retained even post closure of the mines and provide an excellent opportunity for storage of freshwater. Such accumulated mine water lakes are usually free from pollutants and can be utilized as a source of water with an aim towards enhancing environmental responsibility by coal producing companies. Mine water can be utilized for the following broad purposes: for industrial and domestic purposes within the mining project, for community uses
  • A Demographic Survey and Socio- Economic Study for the Project Affected People

    A Demographic Survey and Socio- Economic Study for the Project Affected People

    DRAFT REPORT 288888222222225 A Demographic Survey and Socio- economic Study for the Project Affected People (PAP) and NON- PAP People of New Kenda OCP, WEST Burdwan District SUBMITTED BY: Dr. Amitabh Pandey Dr. Parul Rishi Dr. Bal Krishna Upadhyay Dr. Ujjal Sarma SUBMITTED TO: EASTERN COALFIELDS LIMITED, KENDA AREA WEST BURDWAN DISTRICT Indian Institute of Forest Management, P.O. Box 357, Nehru Nagar Bhopal (MP) 462003 1 AKNOWLEDGEMENTS Our team would like to express its sincere gratitude towards the General Manager Kenda area Mr. S.K. Singh, for providing us an opportunity to work with their prestigious institution and also for providing us with all the necessary help, support and guidance for the consultancy project. we would like to express our sincere thanks to the Director, IIFM for his kind support throughout the project. We would like to thank Mr. Uday Shankar Choubey (Agent, Kenda Area), Mr. Indranath Chatterjee (Manager, Kenda Area), Mr. Ashish Kumar (Assistant Manager, Environment officer, Kenda Area) and Mr. Monoj Bhattacharjee for supporting me throughout the field visits and facilitating smooth and productive field work. We are highly indebted to the people of Kenda village for their cooperation and support throughout the study. Amitabh Pandey Parul Rishi B K Upadhyay U K Sarma 2 TABLE OF CONTENTS Contents LIST OF ABBREVIATONS4 ................................................................................................................. 4 EXECUTIVE SUMMARY5 ..................................................................................................................