Eastern Coalfields Limited (A subsidiary of Coal Limited)

ANNUAL REPORT & ACCOUNTS 2019-20

EASTERN COALFIELDS LIMITED (A subsidiary of 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 ...... 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 FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 4 Annual Report 2019-20Annual Report Shri RambabuShri Pathak Company Secretary: UtpalKantiShri Bal Permanent Invitee: AnilKumarShri Ganeriwala Pravin KantShri Independent Directors: SanjivSoni Shri AnimeshBharti Shri Directors: timeOfficial Part De Chandra Gautam Shri B.VeeraShri Reddy VinayShri Ranjan JaiprakashShri Gupta Sagar Prem Mishra Shri Functional Directors: EASTERN COALFIELDS LIMITED : : : : : : : : EASTERN COALFIELDS LIMITED PCOM, Eastern Railway Director CIL,Kolkata (Finance), Economic Adviser, MoC,New Delhi Director (Finance) Director (Technical) Operations Director (Personnel) Director (Technical) &Planning Project DirectorChairman-cum-Managing as on19 MEMBERS OFBOARD th August, 2020 RambabuShri Pathak Company Secretary UtpalKantiShri Bal Permanent Invitee (Dr.)Prof. Chakravarty Indira AnilKumarShri Ganeriwala Pravin KantShri Independent Directors: ShyamShri Nandan Prasad SanjivSoni Shri Pati BhabaniPrasad Shri AnimeshBharti Shri Directors: timeOfficial Part De Chandra Gautam Shri B.VeeraShri Reddy Dutta Samiran Shri VinayShri Ranjan SanjivSoni Shri JaiprakashShri Gupta : SunilKumarShri Jha Functional Directors: Sagar Prem Mishra Shri : : : : : : : : : : : : : : : : EASTERN COALFIELDS LIMITED MANAGEMENT DURING 2019-20 From 01.07.2018 PCOM, Eastern Railway (From 28.02.2019) Upto 16.11.2019. From 10.07.2019. From 13.12.2018. Director (Marketing), CIL,Kolkata (Upto 29.10.2019) Director CIL,Kolkata (Finance), (From 29.10.2019) Joint Secretary, MoC,New Delhi(Upto 17.03.2020) Economic Adviser, MoC,New Delhi(From 17.03.2020) Director (From (Finance) 03.03.2020) Director (Technical) (From Operations 01.01.2020) Director (Additional (Finance) Charge) (From 16.08.2019 to 03.03.2020) Director (Personnel) (From 16.08.2018) Director (Upto (Finance) 10.07.2019) Director (Technical) &Planning(From Project 18.06.2018) Director (Technical) (Upto Operations 31.12.2019) DirectorChairman-cum-Managing (From 20.08.2018) EASTERN COALFIELDS LIMITED Annual Report 2019-20Annual Report 5

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 6 Annual Report 2019-20Annual Report Branch Auditors: www.easterncoal.nic.in CIN-U10101WB1975GOI030295 Pin-713333, Paschim District- -, Burdwan, Sanctoria, Post Office Limited,Eastern CMD’s Coalfields Office, REGISTERED OFFICE,CINAND WEBSITE INTERNAL AUDITORS DURING 2019-20 SECRETARIAL AUDITOR DURING 2019-20 COST AUDITORS DURING 2019-20 STATUTORY AUDITOR DURING 2019-20 2. 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 1 6. 5. 4. 3. 2. 1. 4. 5. 1. Bank Corporation Bank ofBaroda State BankofIndia 3. 6. M/s. J P and Co., 60/9A, Gouri Bari Lane,Kolkata Bari Gouri M/s. JPandCo.,60/9A, –700004. Pin-713325. M/s. M.G&Associates, Niwas,Radhanagar Mishra Chitra, PunjabiPara, Road, , ,West Bengal, 11/47A, Appartment, &Co.,Shree M/s. B.G.Chowdhury Panditiya Road, Kolkata-700029. Pin-712258. M/s. Basu,Banerjee, Chattopadhyay Chakraborty, Hooghly, Street, &Co.,42/B,Shibtala Uttarpara, West Bengal, M/s. K.G.Goyal Pocket-2, &Associates, 4A, Mayur III,New Vihar Delhi-110096 M/s. SG&Associates, 8ASantiGhoshStreet, Kolkata-700003. M/s N. N. Das & Co., Piyali Apartment, 660,Rajdanga Das&Co.,Piyali N. M/s N. Apartment, MainRoad, Kolkata-700107 Floor),Kolkata-700001 Place(Ground Das&Co.,2,Garstin M/s Bhattacharya M/s ChunderKhator &Associates., 10A, IndianStreet, British Kolkata -700069 M/s S.Mallick &Co,11, Street, Block-B, OldPost Office Floor, 3rd Kolkata-700001. M/s Chatterjee &Co.,21/2, Road Gariahat (West), Kolkata -700068. Chatterjee N. M/s A. &Co.,41A, Townshend Road, Kolkata-700025 M/s D.P. Avenue, Sen&Co.,22,Ashutosh Chowdhury 2ndFloor, FlatNo. 22,Kolkata-700019 Plaza,PlotM/s R.K.Deepak&Co,303-B,Apra Delhi-110034. No. 28,Road Pitampura, No.44; GoyalM/s R.N. Road, &Co.Mangturam Siliguri-734005 M/s Sen&Co.,1/13, Colony, Jadavpur, Kolkata-700032. M/s P. K.Gutgutia&Co,JComplex (2ndFloor),BankRoad, –826001, Street, Floor, 3rd MukherjeeM/s S.N. House,1B,OldPost &Co,Emerald Office Kolkata-700001 M/s DineshK.Yadav &Associates, M-4,Narayan Place,Fraser Road, Patna -1 M/s D.K.Chhajer &Co,NilhatHouse,11, Mukherjee R.N. Road, Floor, Ground Kolkata-700001 &Associates,M/s Nirupam Raskhola 24Pgs. Dist. Khardah, Para, (N),Kolkata-700117 M/s. J.K.Das&Associates, Plot DasVilla, No. 883,Bijan Kanan, Brahmpur, Kolkata-700096. M/s. G.P. Shanker Kiran Ray Road, &Co.,7-A, Agrawal 2 M/s. Ray &Co.,FlatNo. -8C,8 M/s. ADD&Associates, P-168, Sector-B, Metropolitan Co-Operative HousingSociety Ltd.,Kolkata-700105 M/s. Maheshwari and Associates, Geetanjali Apartments, Flat No. 6A, 6 FlatNo. 6A, M/s. Maheshwari andAssociates, Geetanjali Apartments, M/s. Saraf & Chandra, 501, &Chandra, M/s. Saraf Ashoka Street, House,3AHare 5 M/s. S.K.Basu&Co.,Tample 2 Chambers, ICICI Bank Punjab National Bank United Bank Commercial EASTERN COALFIELDS LIMITED th Floor, 21A, Shakespeare Kolkata-700017. Sarani, BANKERS DURING 2019-20 nd Canara Bank Canara Union BankofIndia Axis Bank Floor, Street, Kolkata-700001. 6OldPost Office nd Floor, Kolkata-700001 th Floor, Kokata-700001. Syndicate Bank United BankofIndia BankofCommerce Oriental th Floor, 8BMiddleton Street, Kolkata-700071. Bank ofIndia Allahabad Bank . Part time Official Director, timeOfficial Part ECL Shri Animesh Bharti Economic Adviser, MoC Director (Technical) Project &Planning Project Shri J.P. Gupta Shri UtpalKanti Bal PCOM, Eastern Railway Permanent Invitee Part time Official Director, timeOfficial Part ECL Director (Finance), CIL Shri Vinay Ranjan Director (Personnel) Shri SanjivSoni BOARD OFDIRECTORS Chairman-cum-Managing DirectorChairman-cum-Managing EASTERN COALFIELDS LIMITED Shri Prem Sagar Mishra Director (Technical) Operations Part time Non-Official Director timeNon-Official Part Eastern Limited Coalfields Shri BVeera Reddy Shri Pravin Kant Shri Rambabu Pathak Company Secretary Shri AnilKumar Ganeriwala Part time Non-Official Director timeNon-Official Part Shri Chandra Gautam De Eastern Limited Coalfields Director (Finance) Annual Report 2019-20Annual Report 7

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 8 Annual Report 2019-20Annual Report जिला- पश椿मब셍 सा Notice (45 ishereby given Fifth that the Forty वेबसाइट –www.easterncoal.gov.in सी.आइ.एन-U10101WB1975GOI030295 क अध㔯क्ष-सह-प्रब ईस㔟र㔨 कोलफील् Ref.No. ECL:CS:15(2020)/7748 SPECIAL BUSINESS: ORDINARY BUSINESS: Government ofIndia:-. Affairs, Corporate (VC)/Other Audio Means(OAVM) Visual of issuedby provisions the andCirculars with Ministry the in conformity regulatory PaschimDishergarh, PIN-713333, Bardhaman, West Bengal to the following transact Conferencing businesses through Video be held on Wednesday, 19 ं No Sl. पनी सचिवालय ं कतोडया, प配रल-िसेरग褼, 4. 3. 2. 1. 2 1 6 5 4 3

Companies Act, 2013: AuditCost work ofthe company hereby beandare to paidthe following pursuant Section148(3) remuneration ofthe “RESOLVED THAT Auditors Cost appointed by year the ofDirectors for Board the 2019-20 financial for undertaking Resolution the: followingor without asanOrdinary modification, resolution To the Remuneration ratify Auditors ofCost year for the 2019-20 financial andto passwith considerandifthought fit Section 152(6) ofthe Companies Act, 2013 himselffor reappointment. andbeingeligible,offer To appointa Director Vinay inplaceofShri Ranjan (DIN-03636743), Director whoretires by rotation interms of Section 152(6) ofthe Companies Act, 2013 himselffor reappointment. andbeingeligible,offer To appointaDirector (DIN-07379202), Sagar Prem Mishra inplaceofShri Director whoretires by rotation interms of year for the 2019-20. financial ’Report ofIndiaandBoards General Accounting Policyand Significant for the year 2019-20, Auditor of Statutory the & Comptroller Reports & Auditor yearthe 2019-20, financial CashFlow Statement together with allNotes, Additional Notes onthe Statements Financial To receive, considerandadopt the Audited BalanceSheet asat31st March,2020,StatementandLossfor ofProfit M/s. K.G.Goyal &Associates M/s. SG&Associates Total: (Rupees Nineteen LakhNineThousand)only. M/s. JPANDCO M/s. M.G&Associates &Co M/s. B.G.Chowdhury M/s. Basu,Banerjee, Chakaborty, Chattopadhyay &Co ं ध निदेशक कार् ध निदेशक द मान, पश椿मब ड 㔸 लिमिट े ड ं गाल-713333 th August, 2020 at 12:30 P.M. of the Company, Sanctoria, at the PO- Registered Office CMDs Office, य 봾ल Name Cost ofthe Auditor

EASTERN COALFIELDS LIMITED

NOTICE OF45 th ) Annual General Meeting of the Shareholders of Eastern Coalfields Limited Meeting ofEasternwill Coalfields ) AnnualGeneral ofthe Shareholders th ANNUAL GENERALMEETING Dist.: PaschimDist.: West Bardhaman, Bengal-713333 Office of the Chairman-cum-Managing Director ofthe Chairman-cum-Managing Office E-Mail: [email protected] Cost Audit for year the 2019-20 (In Website –www.easterncoal.gov.in EASTERN COALFIELDS LIMITED CIN-U10101WB1975GOI030295 Remuneration for 17 Sanctoria, P.O.: Dishergarh, Telefax: 0341-2520546 Company Secretariat

th 19,09,000.00 August, 2020 3,44,000.00 6,00,000.00 2,28,000.00 2,46,000.00 3,06,000.00 1,85,000.00 ₹ ) Copy to : Dated: 17 Notes: PIN: 713333, West Bengal Dist.- Paschim Bardhaman Sanctoria, P.O. Dishergarh, Eastern Limited, Coalfields CIN-U10101WB1975GOI030295 Registered Office: 1. 4. 3. 2. 4. 3. 2. 1.

M/s G.P. Shankar Kiran Ray Road, Auditors, Accountants, 2 Statutory 7-A, &Co..,Chartered Agrawal topursuant the provisions ofsection101(1) ofthe Companies Act, 2013. requested are toThe shareholders give their notice consentfor Meeting callingthe AnnualGeneral atashorter is annexed herewith. Statement toThe Explanatory pursuant Section102(1) ofthe Companies Act, 2013 ofSpecialbusiness inrespect Auditors.of Statutory Meeting General heldon30th July, Ordinary 2001Extra authorised the ofDirectors the to Board remuneration fix or insuch mannerasthe Company Meeting inGeneral may determine. ofyour TheMembers Company inits8 of the Companies Act, 2013, hasto their remuneration by befixed the Company Meeting inthe AnnualGeneral appointed orre-appointed by the Comptroller andAuditor of India(C&AG) General andinterms Section142(1) toPursuant Section139(5) ofthe Companies Act, 2013, the Auditors ofaGovernment Company to are be closed 15 minutes such scheduled time. after the meeting shallbekept 15 openatleast minutes the before the meeting timescheduled andshallnot to be start or OAVM, linkshallbeprovided the from companies authorized mailidwell inadvance andthe for facility joining may andvotingmembers beappointed through for VC participation orOAVM. For attending meeting through VC be available. However, of sections 112 in pursuance and 113 of the Companies Act, 2013 representatives of the sending e-mails to Means(OAVM),Visual to convey their assentordissentonlyatsuch stage onitems inthe considered meeting by vote atthe meeting may also attend and /orvote atthe meeting Conferencing (VC) through Video or Other Audio Directors andAuditors Auditor includingSecretarial Limited entitledto ofEastern are Coalfields attend and/or thereofor re-enactment for the timebeinginforce)andother applicablelaws Shareholders, andregulations, Govt. modification ofIndia(includingany statutory Affairs, May’2020 ofCorporate respectively issuedby Ministry No. 17/2020 Circular 2020General April, dated 13 shall beguidedby the terms andconditionsasmentionedinthe ofInterest Expression (EOI).” The appointmentofthe Auditors asCost Limited above year ofEastern for Coalfields the 2019-20 financial firms All Directors, Eastern Coalfields Limited.All Directors, Eastern Coalfields M/s SG&Associates, SantiGhosh Street, Auditors, Cost Kolkata-700003. 8A, Brahmpur, Kolkata-700096. Bansdhroni, M/s. J.K.Das&Associates, Company Auditors, Secretarial Secretaries, Plot DasVilla, No. 883,Bijan Kanan, P.O- Kolkata-700001. Companies (Management andAdministration)Rules, 2014 No. 14/2020, Circular andwith General dated 8 ofthe inaccordance Country, provisions ofsection108 ofthe Companies Act, 2013 with 18 read rule ofthe dueto circumstances the pandemiccausedbyIn view COVID extraordinary ofthe current 19 prevailing inthe th August, 2020 [email protected] of appointment of proxies. Thefacility by will not members EASTERN COALFIELDS LIMITED Manager (Finance)/Company Secretary th April, 2020 and General Circular No. 17/2020 Circular 2020andGeneral April, dated 5 For Eastern Limited Coalfields (रामबाब पाठक) ू By order of the Board By orderofthe प्रब /(Rambabu Pathak) ं धक (वित्त)/क Annual Report 2019-20Annual Report ं पनी सचिव nd Floor, th th th

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FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 10 Annual Report 2019-20Annual Report of Directors of Eastern Coalfields Limitedof Directors ofEastern inits326 Coalfields to be ratified inthe ensuingAGM:to beratified following Auditor asCost Accountants Cost Firms year for 2019-20 financial alongwith the following which is remuneration Annexed to the (45 Notice convening Fifth the Forty The Audit CommitteeLimited ofEasterninits98 Coalfields subsequently by the shareholders. be ratified of thethe AuditorCost remuneration by as recommended the Audit Committee and approved by the of Directors is toBoard As persection148 (3)ofthe Companies Act 2013 with read Rule 14 (a)(ii)ofthe Companies (Audit andAuditors) Rules, 2014, SPECIAL BUSINESS:Item No.-4 Dated: 17 or their relatives, isinterested inthis Resolution. this recommends Resolution TheBoard for your approval. by to oftherequired the Company. Members beratified None ofthe Directors andKey Managerial Personnel ofthe Company, Companies Act, 2013 with read the Companies (Audit andAuditors) Rules, 2014, ofthe Auditors Cost remuneration is be guided by the terms and conditions as mentioned in the of Interest Expression (EOI). In terms of Section 148 of the The appointment of the as AuditorsCost Limited above year of Eastern for Coalfields the 2019-20firms financial shall Sl. No 6 5 4 3 2 1 th Total: (Rupees Nineteen LakhNineThousand)only. M/s. JPANDCO M/s. M.G&Associates &Co M/s. B.G.Chowdhury M/s. Basu,Banerjee, Chakaborty, Chattopadhyay &Co M/s. K.G.Goyal &Associates M/s. SG&Associates August, 2020 STATEMENT PURSUANT TO SECTION102 (i)OFCOMPANIES ACT, 2013 Name Cost ofthe Auditor EASTERN COALFIELDS LIMITED Manager (Finance)/Company Secretary th th meeting heldon6 ) Annual General Meeting) AnnualGeneral to beheldonWednesday, 19 th meeting heldon6 th November, 2019 hasapproved the appointmentof th November, 2019 andthe recommended Board Cost Audit for year the 2019-20 (In For Eastern Limited Coalfields (रामबाबू पाठक) Remuneration for By order of the Board By orderofthe प्रब /(Rambabu Pathak) ं धक (वित्त)/क th 19,09,000.00 August, 2020. 3,44,000.00 2,28,000.00 2,46,000.00 3,06,000.00 6,00,000.00 1,85,000.00 ं पनी सचिव ₹ ) maintained its performance with top strong Revenue linegross of itsperformance maintained Operation from andreviewAuditors ofthe Comptroller andthe andAuditor report with already ofIndia, are you. General Your Company has the Company. audited year Report, accountsfor the 2019-20 financial TheBoards’ together ofStatutory with the report reincarnate the image ofthe company: vision andobjective ofthe company. Thecompany hasinitiated the following inmissionmodewhich projects alsoaimsto these challenges. Various initiatives inmission mode have beeninitiated inthe company which the aimsto mission, redefine ofBusinessStrategy the Company the globalAs apart challenges hasidentified andstrategies beingformulated are to meet Business Strategy to market. by environmentally toattaining growth mine &sociallysustainable security from energy through practices best the country The strategic visionofthe company isto emerge sector energy asaglobal player committed to inthe primary provide of the aswell country, asother sectors like Sponge Cement,CPPs,etc. Iron, Coalwhich caters Grade to oneoftheproduces qualities best ofThermal the needsofvarious Power Plantsofallthe regions over need.Today energy contributing 52%ofthe country’s the Indianeconomy isinacute needofenergy. Ourcompany isoneoftheEnergy major inputs for economicdevelopment ofany andcoaldominates country, the mixinIndia, energy achieved ever highest and Overburden CoalProduction Removal year the 2019-20. during financial On behalf of the Board of Directors of Eastern Coalfields Limited,On behalfofthe ofDirectors ofEasternIwelcome Board Coalfields you inthe 45 Friends, 8. 7. 6. 5. 4. 3. 2. 1.

which medical facilities are towhich are medical facilities beextended to employees ofunorganized sectors. Under the ofMissionSuDESHH,another umbrella Missioncalled “SuDESHH-MITWA” hasbeenlaunched through and have the alsoincreased HappinessIndex ofECL. unitswhich have ECLEmployees aboutasenseofbelongingnessamongst brought different anditsFamily Members in observed are regions occasionsofdifferent ofthe regions country. this Through initiative, different different Mission INDRADHANUSHhas beenundertaken to assimilate festivals, cultures, dance,musicandethnicity of project. the Brownfield solver andsolutionprovider which willultimately facilitate andeaseout for projects smooth upcomingofGreenfield Mission SAMBANDH has been launched to reach out all the stakeholders and the community at large as problem theamongst employees for the ofthe image Company. reincarnation Mission JATAYU was launched to encourage the ofFITE(Fairness, Integrity, spirit andTransparency &Equality) Archiving ofArchaic Buildings,Plants,Equipments, ModelsofHeritage Machines, nature. Appliances, Instruments, Mission DHAROHAR hasbeenenvisioned with anaimofprotecting the legacies ofCoalMininginthe Country, integration Technology with ofMining&Alliedprocess Information through SUMIT. aproject old conventional technologiesSince very were allthe being usedinalmost mines,assuch, aneedwas felt for Mission SUMIThasbeeninitiated which aims for “Systematic Technology”. ofMining&Information Upgradation Integrated Business&New Initiatives”. Mission SANJIBANI hasbeenlaunched for rejuvenation ofECLwhich aimsfor “Systemic Advancements, New Jobs, for ECL. andbetter organization,asustainable and hence,beingaresponsible MissionSuDESHHaimsatcreating future the global challenges which the are Development, issuesof“Sustainable Environment, Safety, Health &Hygiene” Mission SuDESHH has been launched to achieve the for which global ECL leadership appreciates and understands STATEMENT CHAIRMAN’S EASTERN COALFIELDS LIMITED ₹ 18,192.36 andhasdistinguishably Crore th Annual General Meeting AnnualGeneral of Annual Report 2019-20Annual Report 11

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 12 Annual Report 2019-20Annual Report Gross salesturnoverGross for the year ended31 Financial Performance: achieved itstarget of3.50M.Te. coalmineofIndia. mechanized producing highest underground timeandremained for the first OCP ofECLexceeded itstarget by achieving 11.1 M.Te. mineofECL timesinceitsinception. underground for the first Rajmahal OCPofECLexceeded targeted 17 by achieving 17.38 MTY M.Te. timesinceitsinception. SonepurBazari for the first coalproduction. underground with agrowth of3.97% against previous year. ECLcontinuedto register percentage positive growth to the tuneof1.60% in against previous year, off-take was 49.316 MT of coal with a growth of (-) 2.16% and achieved of 3.72 Tonne a productivity over the previous year. The Company also removed overburden to the extent of 140.455 MCuM with a growth of 11.42% Capital Expenditure during the financial year the 2019-20 during financial Expenditure Capital was comprehensive profit of comprehensive profit year of1.05% indecrease resulting over previous year. year the 2019-20, During financial the company total hadmadeapre-tax Mines. Thus,total was coalproduction 50.401 MTfor the year ended31 For the year Financial 2019-20, and41.195 underground 9.206MTofcoalfrom ECLproduced Opencast MTofcoalfrom ECLranked allthe amongst interms ofgrowth CILsubsidiaries andofftake. inOBremoval.production first company. ECLwas among the top 3companies amongthe ofCoalIndiaLimited subsidiaries interm ofgrowth in Coal 50.401ECL has produced FY-2019-20 MT of coal during which was everhighest since inception coal production of the Operational Performance: pre-tax totalpre-tax comprehensive incomeof Steps are also being taken for diversification / modernization of Coal Industry bySteps ofthe introduction following: alsobeingtaken are ofCoalIndustry /modernization for diversification equipment atMinesite hasarrived inMarch, 2020andcommissioningofsameisexpected shortly. with agreement theof Contract agency M/s. CMATL-SXTD-CMML which was done in September, (China) consortium 2018, 2019-20been commissionedduring by with M/s.Joy M/s.JMSMiningPvt.Ltd.incollaboration GlobalUK.Further, signing and Technology Foreignwhich underprocess. Collaboration are alsoundertaken are absorption 1set wherein ofLHCMhas successfully. Further, 8minesofECLhave for ofContinuousMiner Technology, introduction beenidentified the work of Miner combinedwith ShuttleCar(6sets) hasbeendeployed andKumardih-B Sarpi andisrunning UGprojects atJhanjra, 134 technology minesofECL.Massproduction underground by deploying nos.ofUDMswere indifferent onroll Continuous LHD/SDL was in57 introduced nos.of mines ofECLtill2019-20. Ason31.3.2020, 244 nos.ofSDLs,40LHDsand toIn order the increase level and mines, mechanizationintermediate in underground of modernization technology deploying Modernization andmechanisation ofunderground mines: Expenditure of Expenditure 13. 12. 11. 10. 9. b. a.

Compliance” and enforcement of strict disciplinesatwork places. Compliance” andenforcement ofstrict organized for enhancingthe Dueemphasis capabilityofin-housetalents. hasalsobeengiven of on“Culture YearThe Financial 2019-20 was as“CapacityEnabledECL” declared andnumberofTraining was Programmes Substitution. Quality andImport ofSystem,Mission “DESHI”hasbeeninitiated ofCoal,Simplification for DemandDetection,Harnessing Export of “Reuse”, “Refuse”, “Recycle”, “Repurpose”, “Reinvent”, “Refill”, “Repair”, “Reduce”, “Redesign” and“Refurbish” A New Concept named“10 inECLfor underthe R”hasbeenintroduced utilizationofthe fullest categories resources 11thfrom September, 2019 to 2ndOctober, 2019. by useofSingle inter reducing UsePlastic alia.Themissionwas the launched during “Swachhata HiSeva” campaign Mission “JAGGRAN” hasbeenlaunched which aimsfor Achieving “Just Growth Green Regime Accelerated Nature” with development ofthe work proper culture. both maintenance proper minesalong ensuring andunderground inopencast ofallthe equipment andmachinery Mission “MITAWA” hasbeeninitiated which aimsfor “Maintenance Techniques Inspired andWork for Agencies” agreement hasbeen signedfor ofHighwallagreement introduction Mining Technology. Highwall Mining:TheHighwall to Miningisproposed Colliery. in Nimcha beintroduced andSripur Contract underMoP&NG’s ofHydrocarbon General suggestions ofapproval. andisunderprocess revised and ModelRevenue CMPDILprepared NoticeArea. Inviting Directorate Offer considering Contact Sharing administratively under MDO concept on 22.09.2018 covering Kunustoria of Satgram, lease hold area & Sripur (PFR)hasbeenformulatedCoal BedMethane andapproved Feasibility (CBM): Project Report by ECLBoard ₹ 829.96 Crore during 2018-19. during 829.96Crore ofthe TheNetworth company ason31.03.2020 stood at ₹ 1283.15 total and a post-tax Crore of comprehensive profit EASTERN COALFIELDS LIMITED ₹ 1237.00 total andpost-tax Crore comprehensive incomeof st March,2020was ₹ 894.68 (excluding Crore exchange against the fluctuation) Capital ₹ 18192.36 to compared Crore st March,2020with apositive growth of0.48% ₹ 834.37 tocompared Crore year’s last ₹ 18385.03 inthe Crore previous ₹ ₹ 706.38 Crore. Total 706.38Crore. 1882.88 crore. training tool.training centers to generate awarenessthose took atVT andasa screened specific placeinminesofECLwhich regularly are annual calendar. amongallthe to subsidiaries basedonthe animated accident recent prepare the ECLremained film first have beendisplayed atallconspicuousplaces.Several Safety Drives (12 subjects)were conducted nos.specific asper andPostersof safety localities.Banners related and health atminesandsurrounding to urge andenhancement ofsafety Road March,Mobilecampaigning, Family counselingetc. have to areas generate beenconducted indifferent awareness was evaluated with aspecialfocus towards improvement in‘HouseKeeping’. 2020atallthe minesofthe company mine ofsafety status wherein ofevery Safety Week inJanuary-February, was observed atallworkintroduced sites, root including those work locationsby grass level atunderground concerned work persons. ECL. To improve the several the safety pursued during year. ECLhas vigorously measures standards, Safety hasbeen talk We have always given towards the priority highest safety, in process production of core which as a part is considered Safety: During theDuring year FY 2019-20 the company an expenditure incurred of Welfare to amounting to 435students 2019-20, from Assistance’ andFinancial Scholarship timeinCoalIndia Limited. Thecompany first hasawarded scholarship for andeducationalfacilities itsemployees for CIL andtheir& health services wards. care ECLhaslaunched ‘OnlinePortal the year health andwelfare ofDivyangjan, Skilldevelopment andWomen Empowerment etc. were undertaken the during year. During their development to andsustainability. support maximum benefit CSRActivities related to promotion ofeducation,public 20% would bespentwithin the State/State that Itensured poorandneedysectionofthe ofoperation. society derives the under CILCSR Policy, 80%ofthe fund shouldbeutilized withinand remaining of25Km of ECL HQ/Area/Project the radius People landousteesunderprivileged, (PAPs) Affected andProject staying of25KmECL.Asperthe inthe provision radius Our CSRinitiatives integrated ourbusinesswith by socialprocesses on focused makingwelfare measure primarily Corporate SocialResponsibility: working innearby andresiding andalsoimprove areas the overall image ofthe coalsector inthe country. Taking upenvironmental way andsustainable mitigation inaright measures willprovide abetter environment to people monitorperiodically outby andevaluate environmental mitigation carried the measures company way. different inaholistic Development“Sustainable atECLto Cell”hasbeenformed work towards generating new ideasto guidelines, plan,prepare Development,SuDESHH (Sustainable Environment, Safety, Health andHygiene)”. climateaddressing change andinclusive growth implementation ofMission inamissionmodethrough company-wide restoration ofecosystem resources, ofnatural &biodiversity,mitigation ofpollution,conservation disposalofwastes, proper of 10 R’s (Reduce, Recycle, Reuse, Redesign, Repurpose, Refurbish, Repair, Recover, Redeploy andRefuse), prevention/ developmentsustainable by protecting the environment through integrated planning & design, deploying project the concept Coal IndiaLimited. TheEnvironment Policy ofECLstates Limited that “Eastern(ECL)iscommitted Coalfields to promote ECL hasformulated andimplemented itsown Environment Corporate Policy which isinlinewith environment policy of with ISO9001:2015,has culminated into Certification aCompany-wide ISO14001:2015 &OHSAS 18001:2015. conditions,the andForest company Clearance Clearance hastaken initiatives green towards development. sustainable This the provisions Acts stipulated Norms, and Rules. in the stepsStatutory Besides taking for better of Environment adherence activities onenvironment isundertaken andadequate environment protective undertaken are measures with inaccordance dealswith Environment &Forest relatedEnvironment matters Department ofECL.Regular monitoring ofimpact ofcoalmining Environmental Initiatives: CIL Board. In 2019-20, 2(two) were projects approved Limited by ofEasternwas Coalfields and1(one)project ECLBoard approved by Project Formulation: d. c. ₹ Coal Gasification project andMarket project Coal Gasification ofdownstream research products. M/s PDILhasbeenappointed for asConsultant ECLfor ofPFRfor Pre-Feasibility Study Surface andpreparation hasbeentaken CoalGasification Development upby CoalGasification: Surface ECL.Inthis ofSurface regard total numberoffunctionalManRidingSystem isten. Man RidingSystem: 2019-20 During oneset ofManRidingSystem UGMine.Thus inBansra hasbeenintroduced 11.48 was Crore spentonCSRactivities. ₹ 11,02,380.00 year inthe 2019-20. financial EASTERN COALFIELDS LIMITED ₹ 255.76 for improving Crore the quality of life, medical Annual Report 2019-20Annual Report 13

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 14 Annual Report 2019-20Annual Report Date: 19 Sanctoria co-operation. andrelentless unstinted support State Governments, Railways, Bankers, allemployees, Trade other suppliers stake Unions, consumers, for their holders I express my thanks sincere ofCoal,other to Government andDepartments, Central CoalIndiaLimited, Ministries Ministry “AMPHAN” by providing excavators for damage andtippers control. its helping hand on the ofWestrequest Bengal Government to get of the due tosituation faced rid crisis Super Cyclone andhigh speed thunderstorm wind leading to prolonged power citizen had extended corporate ECL as a responsible failure. Super Cyclone “AMPHAN” hadmadeitsadvent on20.05.2020and21.05.2020 which resulted inheavy along with rainfall bottles have beendistributed the amongst SpecialTrains passengers ofthree Shramik atAsansolRailway station. i.e. co-worker, fraternity and community. of CSR activity, colliery As a part 4800 food around packets and water sections ofthe society focused citizenhasconstantly on safety were ECLbeingagoodcorporate of considered. ofthree ‘Cs’ help to were thefinancial taken, localadministration the tooutofthe situationarising pandemic.Needsofall jointlyfight to thedisease andproviding stake support ASlew providing from to ofmeasures, holders. food andgrains the needyto tough ofpandemic“COVID-19”, outofspread timesarising your company against the hasbeenatthe for forefront fight Your company hasalways connected to the society andcontinuesto dosofor helpingthe section.Inthese marginalized Tackling COVID-19 andSuperCyclone-AMPHAN Governance compliance alsostood atExcellent Rating. Governance to your Company for the year 2018-19. For FY2019-20 also,asperself- evaluation, your company’s Corporate auditors. Excellent was the by from rating ofCorporate hasbeenobtained accorded statutory DPEinthe field Certificate Government andaCompliance ofIndiaaseparate Governance Report sectiononCorporate hasbeenadded inthe Boards’ Governanceon Corporate Public Sector for Central of Public Enterprises, (CPSEs) issued Enterprises by the Department withspirit aview to provide oversight andguidanceto management instrategy underGuidelines implementation.Asrequired sound system ofinternal to control mitigate the risks andcomply with the letter laws intrue ®ulations of land,rules and ofallmaterial todisclosure information allthe stakeholders andprotection oftheir interest. TheCompany hasputinplacea meeting value, objective ofallitsstakeholders timelyandbalanced the ofenhancingshareholders aspirations with primary ECL iscommitted to achieve level highest oftransparency, ofoperation, inall areas andfairness opennessandaccountability Corporate Governance: and the employees. andgoodwillbetween trust reinforcing committee from management abouttransparency, andbrings apart accountability Safety Committee, WelfareColliery etc. Board alsofunctioninginourcompany. are Major Trade insuch Unions participate productivity,viz. production, etc. Besidesother committee/boards, Company Safety Safety Area Board, Committee & levels. andProject/Unit discussedthreadbare Area issuesare atCorporate, operating are Inthe JCCmeetings important levels inmanagement inthe inECLisfullyoperative company. atdifferent participation TheJointConsultative Committees 2019-20 RelationsIndustrial the during fiscal have inthe company. andharmonious beenpeaceful,cordial Theworkers’ Industrial Relation: consumption ofthose the pointsandreduced demand. demand higherthan demand.Average the contract power factor ofECLisnow average 0.95.Thisindeedhasreduced energy mines. Capacitor have rating banks atunitshaving andinstalled beenprocured both ofdifferent –low power factor and through improvement theDuring year ofpower ECLhadfocused conservation onenergy factor ofitsunderground inmost Energy Conservation: andsafety60% lighter ofminers. andgive illuminationhenceimprove more efficiency company tolamps. ECListhe first alloldcaplamps by replace technologically safe LEDcaplamps. TheLEDcap lamps are type caplamps With this ofthe of procurement. all heavy companyprocess Lead-acid battery by will be replaced LED cap 10650 nos.oflightweight LED CapLamps have andprovided beenprocured to the UGmines.Another 15,000 under nos.are th th August, 2020 EASTERN COALFIELDS LIMITED Chairman-cum-Mg. Director (Prem Sagar Mishra) DIN-07379202 Colliery consumption Colliery Cement Power ( Milliontonne) (raw3. Offtake coal): (million cum) 2. Overburden removal Total : Opencast Underground ( milliontonne) 1 CoalProduction Others ( expenditure6. Capital Overall : Opencast Underground (OMS) (MT) 5. Productivity 4. Manpower Total : 9. Net Worth Employed8. Capital ( 7. Gross SalesTurnover Year ending31st March ₹ ₹ incrore) incrore) 18192.36 6026.93 1882.88 140.455 2020 45.334 894.68 50.401 49.316 17.358 41.195 57153 9.206 3.725 3.722 0.824 0.076 0.181 EASTERN COALFIELDS LIMITED OPERATIONAL STATISTICS

18385.03 EASTERN COALFIELDS LIMITED 1048.51 5126.04 2019 829.96 126.06 59698 46.79 50.41 50.16 17.02 41.10 0.04 9.06 3.39 3.58 0.78 0.19

15250.11 2018 4397.19 959.99 342.13

61796 40.04 43.63 34.97 43.57 14.32 118.9 0.06 8.60 3.33 0.72 3.01 0.2

14717.53 4876.79 1166.30 2017 124.53 827.80 64029 40.52 32.39 43.02 40.12 0.05 2.64 0.64 2.64 12.9 0.21 8.13

13514.18 1145.53 5027.76 754.70 2016 119.22 66238 32.88 12.42 40.21 38.61 0.23 0.08 35.8 0.56 2.56 7.33 2.5

13431.84 4589.75 1553.42 2015 686.69 68681 32.72 94.05 38.47 40.01 12.12 0.25 0.08 3.04 0.53 2.45 35.1 7.29

11959.75 -1586.37 2528.15 2014 408.87 71826 36.05 36.25 Annual Report 2019-20Annual Report 10.96 85.76 31.05 29.18 0.28 0.06 4.86 0.48 6.87 2.12

1262.59 -2458.6 1971.14 2013 202.94 74276 30.02 35.84 76.45 27.05 10.17 33.9 6.85 5.38 0.46 1.94 0.14 0.3

15

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 16 Annual Report 2019-20Annual Report Sl. No. 4. iii 3. iii 3. iv 1. iii 1. iv 4. ii 3. ii 3. v 1. ii 1. v 1. 4. i 3. i 1. i 1. A B 1 4 8 3 2 1 7 6 5 4 3 2

TOTAL (A) Dividend onMutualFund Employee Expenses Benefit Paid to /Provided for Income Other Contractual Expenses Contractual Repairs SocialResponsibilityCorporate Expenses Power &Fuel Work-in-Progress andStock-in-Trade Changes inInventories Goods/ ofFinished ofMaterialsCost Consumed Others Leave Encashment Gratuity Other Income Non-Operating Finance Costs Interest Income Other OperatingOther Revenue (Net ofLevies) (NetRevenue ofLevies) Services from Evacuation Facilitating Charges (Net of Levies) Contribution toContribution P.F. &Pension Fund Wages,Salary, Allowances, Bonusetc. Net Sales of Levies) Recovery ofTransportation (Net &LoadingCost Subsidy for SandStowing &Protective Works Facilitation charges for coalimport Less: Excise Duty&Other Levies Earned From Gross Sales(Coal) Other Costs Finance Unwinding ofDiscounts Income andExpenditure IndAS Statement after Particulars EASTERN COALFIELDS LIMITED EASTERN COALFIELDS LIMITED 18,192.36 5,368.62 13,953.20 465.88 285.26 904.55 614.77 5,832.47 134.43 178.04 12,823.74 7,655.22 681.90 213.78 1,974.85 237.50 377.27 11.48 177.59 0.17 337.10 419.16 - - - - - 2020 (86.86) 514.69

18,385.03 12,914.35 13,907.49 For year the ending31 - 7,448.47 - - - - - 1,930.38 5,470.68 5,651.13 2019 343.43 353.63 109.50 16.46 189.29 534.96 141.12 141.12 910.99 163.10 458.18 352.05 182.91 476.39 400.14 721.71 58.04

10,479.87 15,250.11 11,321.52 5,731.97 - - - - - 8,415.89 33.53 4,770.24 23.93 1,739.37 1,587.39 2018 12.69 506.06 656.99 73.70 154.38 533.74 526.41 315.24 233.88 246.50 279.91 337.11 153.41 57.43

st

10,302.25 14,717.53 March 6,436.58 ------5,157.50 180.29 142.54 9,515.12 5,202.41 1,591.80 503.17 2017 693.25 320.94 156.94 465.94 274.36 21.62 157.11 157.11 285.22 503.49 229.78 91.41 180.72 321.19

(Restated) 10,397.87 5,709.95 738.60 (186.24) 253.87 84.75 184.63 13,514.18 128.54 4,661.70 62.61 507.48 134.41 493.16 116.59 1,367.92 3,903.97 (₹inCrore) ------9,610.21 2016 268.84 518.82 378.33 184.09 140.49

Sl. No. 23 20 22 25 24 15 13 17 21 10 18 14 19 16 12 11 9

Profit attributableProfit to: Other ComprehensiveOther Income for YearProfit/(Loss) the Total Comprehensive Other Income Comprehensive Incomefor Year) the Year (Comprising andOther Profit/(Loss) Total Comprehensive Incomefor the interestNon-Controlling ofthe CompanyOwners to: ComprehensiveOther Incomeattributable Provisions &Write Off Stripping Activity Adjustment Depreciation/Amortization/Impairment Share inJV’s/Associate’sShare Profit/(Loss) tax) (after DiscontinuedOperations from Profit/(Loss) Operation for YearProfit/(Loss) the from Continuing Less: Tax Expenses BeforeProfit/(Loss) Tax Exceptional Items Tax (A-B) beforeProfit/(Loss) Exceptional Items and TOTAL (B) Other Expenses reclassified to Profit orLoss to Profit reclassified to relating (ii) Incometax Items that willbe Loss or B (i)Items to that Profit willbereclassified orLoss to Profit reclassified to relating (ii) Incometax Items that willnot be or Loss A (i)Items to that willnot Profit bereclassified to: Total Comprehensive Incomeattributable interestNon-Controlling ofthe CompanyOwners Non-Controlling interestNon-Controlling ofthe CompanyOwners Particulars EASTERN COALFIELDS LIMITED 834.37 1,501.35 1,501.35 12,451.85 997.65 997.65 286.92 434.35 503.70 635.08 (163.28) 834.37 834.37 834.37 80.39 54.92 ------(218.20) 2020

12,609.10 1,298.39 1,298.39 For year the ending31 ------2019 (42.39) 494.98 456.24 642.47 8.28 706.38 (61.39) 748.77 748.77 706.38 706.38 706.38 549.62 19.00

(1,466.73) (1,466.73) 12,788.25 ------(824.17) (535.56) 2018 (931.17) (931.17) (1.24) (824.17) (824.17) (824.17) 443.99 443.99 163.63 274.04 (56.63) 107.00 551.12

st 10,286.93 March ------(49.37) 323.89 (144.91) 454.31 2017 (21.94) 15.32 20.77 15.32 14.64 36.58 20.77 20.77 20.77 6.13 9.19 6.13 Annual Report 2019-20Annual Report

9,274.68 (Restated) 725.61 725.61 (11.71) (34.44) 90.25 99.50 1,123.19 1,123.19 397.58 318.15 ------414.72 2016 65.06 790.67 790.67 790.67 790.67

17

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 18 Annual Report 2019-20Annual Report STOCK OFSTORES (GROSS) INMONTHS’ EASTERN COALFIELDS LIMITED CONSUMPTION Sl. No. A B

i. Investments ii. Loans f. Deferred Taxf. Deferred Assets (Net) iii. Other Assets Financial i. Investments ii. Trade Receivables iv. Other Bank Balances iii. Cash&Equivalents v. Loans Total Current Assets (B) Assetsd. Other Current Taxc. Current Assets (Net) vi. Other Assets Financial b. Capital Work-in-Progressb. Capital a. Property, Plant&Equipments c. Exploration andEvaluationc. Exploration Assets d. Intangible Assetsd. Intangible e. Financial Assetse. Financial Total Non-Current Assets (A) Assetsg. Other Non-Current b. Financial Assetsb. Financial a. Inventories Total Assets (A+B) Non-Current Assets Current Assets ASSETS Particulars EASTERN COALFIELDS LIMITED Financial Position IndAS after EASTERN COALFIELDS LIMITED 15,969.54 503.72 842.52 10,093.37 3,873.27 93.28 285.87 5,876.17 0.08 0.05 3,316.46 473.31 3,168.82 359.13 615.75 973.16 267.07 1,197.05 - - - 2020

5,031.85 8,251.65 448.48 448.48 13,283.50 392.96 305.65 600.00 420.56 845.06 303.54 2,992.37 499.94 478.68 0.08 0.09 4,186.82 1,621.92 187.35 - - - 2019 As at31

12,779.82 4,945.90 544.53 544.53 783.39 3,870.36 352.67 0.08 2,704.62 504.30 696.83 528.08 7,833.92 - - - 159.19 0.13 730.07 1,109.89 2018 285.57 510.11 st March

10,906.52 2,622.09 3,228.64 393.30 298.70 382.78 603.30 202.07 122.35 0.08 1,673.69 173.77 3,812.17 350.51 737.44 0.15 117.65 7,094.35 - - - 2017 Annual Report 2019-20Annual Report

(Restated) 3,432.06 10,538.52 3,205.08 1,955.53 46.22 1,975.99 156.00 0.08 0.36 149.47 274.40 591.08 305.18 239.16 764.21 87.77 561.01 7,333.44 - - - (₹ inCrore) 2016

19

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 20 Annual Report 2019-20Annual Report Sl. No. A 1 5 2 3 4

Equity Adjustments Balance atOpening Balance atOpening Balance atClosing Issue ofBonusShare Buyback ofEquity Share Addition the during Year Balance atOpening EQUITY ANDLIABILITIES EQUITY Retained Earnings RedemptionCapital Reserve Total Comprehensive the Incomeduring Year Balance atClosing Issue ofBonusShare Tax onBuyback Buyback ofEquity Share Transfer to/from Reserve General Restated BalanceatOpening Balance atClosing Issue ofBonusShare Buyback ofEquity Share Adjustment the during Year Addition the during Year Equity ofPreference Portion Share Capital Issued, Subscribed andPaid-up Equity Share Capital Appropriations General Reserve Issue ofBonus Share Tax onBuyback Buyback ofEquity Share DividendTaxCorporate Interim Dividend Transfer to Other Reserves Transfer to/from Reserve General Particulars EASTERN COALFIELDS LIMITED 832.71 855.61 832.71 2,218.45 855.61 997.65 (3,002.57) ------2020

832.71 855.61 832.71 748.77 2,218.45 855.61 (3,751.34) ------2019 As at31

(2,820.17) 2,218.45 ------855.61 855.61 832.71 832.71 2018 (931.17) st March

855.61 832.71 2,218.45 855.61 832.71 (2,826.30) 6.13 ------2017

832.71 (Restated) 855.61 (3,548.71) (3.20) 832.71 2,218.45 855.61 725.61 ------2016

Sl. No. 10 C B 6 8 7 9

i. Borrowings ii. Trade Payables a. Financial Liabilities a. Financial iii. Other Liabilities Financial Current Liabilities b. Other Current Liabilities b. Other Current i. Borrowings c. Provisions d. Current Taxd. Current Liabilities(Net) Total Current Liabilities(C) Balance atClosing Balance atOpening of Tax) Plans (Net Benefits Re-measurement of Defined a. Financial Liabilities a. Financial ii. Trade Payables iii. Other Liabilities Financial b. Provisions c. Deferred Taxc. Deferred Liabilities(Net) d. Other Non-Current Liabilities d. Other Non-Current Total Non-Current Liabilities(B) Total Equity and Liabilities(A+BC) Other ComprehensiveOther Income Non-Current Liabilities Total Equity (A) Company Equity attributable to Equity holders ofthe EquityOther Balance atClosing Liability Non-Controlling Interest Particulars EASTERN COALFIELDS LIMITED 5,762.34 (18.97) (2,004.92) 15,969.54 8,324.32 (335.57) 1,882.88 1,882.88 95.84 3,703.91 2.78 1,959.81 144.31

1,015.73 1,227.08 368.16 3,901.17 1,812.18 - - - - 2020 (163.28)

1,048.51 1,048.51 (3,002.57) 5,213.47 144.31 7,021.52 13,283.50 1,820.96 186.70 1,248.98 1,728.81 (1,169.94) 74.78 351.82 3,691.91 3,317.73 ------2019 (42.39) As at31

12,779.82 (1,876.32) (3,751.34) 3,705.31 ------5,415.59 4,068.77 7,022.10 2,189.42 1,692.17 342.13 186.70 2018 342.13 107.00 290.42 79.70 473.49 18.11 st March

1,166.30 1,166.30 10,906.52 2,789.92 5,340.08 65.06 (2,820.17) 105.07 (1,052.15) 1,584.31 14.64 25.91 79.70 4,400.14 ------1,428.30 3,267.77 2017 538.94 Annual Report 2019-20Annual Report

(2,826.30) 65.06 (Restated) 1,145.53 1,145.53 (1,072.92) 10,538.52 4,930.45 383.38 4,462.54 3,326.94 2,948.25 28.42 65.06 1,485.87 128.40 1,091.73 ------2016

21

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 22 Annual Report 2019-20Annual Report EASTERN COALFIELDS LIMITED Sl. No. 1.ii.b 1.ii.d 1.ii.a 1.ii.c 4.iii 5.iii 3.iii 1.ii 4.ii 3.ii 2.ii 6.ii 5.ii 5.i 4.i 3.i 2.i 6.i 1.i A

Number ofEquity Shares Related to Assets &Liabilities Equity Share Capital Equity Capital Share each Shareholder’s FundsShareholder’s Current Assets Current Net Worth OCI) Accumulated (including Profit/(Loss) Share) Preference (including Equity Component of &Statutory) (General Reserves Current Liabilities Current Net Property, Plant &Equipment Bonus shares) (excluding Reserve Capital issueof Captal Net Current Assets /Working Impairment Accumulated Depreciation/ Property, Plant&EquipmentGross Maturities Current Long Term excluding Borrowings Maturities Current Long Term including Borrowings FundsShareholder’s Trade Receivables EmployedCapital (3.iii+4.iii) Cash &Equivalents ( 5.i+5.ii) EmployedCapital includingCWIP Evaluation Assets Net and WIP&Exploration Capital Particulars Important Financial IndAS InformationImportant after EASTERN COALFIELDS LIMITED ₹ 1000/- EASTERN COALFIELDS LIMITED

6,026.93 1,882.88 22,184,500 (2,023.89) 10,093.37 1,769.05 - 4,937.87 1,688.32 1,089.06 8,324.32 4,924.75 1,882.88 93.28 1,966.97 3,316.46 3,168.82 1,755.93 1,959.81 2,218.45 2020

22,184,500 1,048.51 (2,858.26) 903.54 - 5,126.04 1,230.13 4,346.20 4,222.50 2,992.37 1,688.32 1,820.96 1,353.83 2,218.45 8,251.65 1,048.51 1,827.58 7,021.52 478.68 1,621.92 2019 For TheYear Ending31

22,184,500 (3,564.64) 3,605.69 342.13 3,516.44 342.13 880.75 1,688.32 7,833.92 2,218.45 - 1,109.89 2,704.62 783.39 1,698.36 4,397.19 2018 1,692.17 7,022.10 811.82 901.07

st

22,184,500 1,166.30 March 500.43 (2,740.47) 1,754.27 4,876.79 4,376.36 1,166.30 2,622.09 1,688.32 1,590.50 1,673.69 1,584.31 2,218.45 3,074.95 - 5,340.08 7,094.35 737.44 2017 452.86 Annual Report 2019-20Annual Report

(Restated) 22,184,500 1,145.53 2,402.99 4,378.98 (2,761.24) 5,027.76 4,930.45 648.78 1,688.32 1,485.87 1,492.01 2,218.45 - 2,139.57 1,145.53 1,955.53 1,975.99 163.58 7,333.44 2016 591.08 (₹ inCrore)

23

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 24 Annual Report 2019-20Annual Report Sl. No. 6.iii 4.iii 6.iii 2.iii 4.iv 2.iv 1.iii 1.iv 1.vi 7.iii 6.ii 4.ii 2.ii 4.v 1.ii 1.v 7.ii 6.i 4.i 2.i 1.i 7.i B 5 4 3 Month Average Consumption ofMaterial per the year Average Manpower Employed during CSR ExpensesperEmployee ( CSR Expenses Amortization Depreciation/Impairment/ Finance Cost Finance Employee Expenses Benefits Power &Fuel Gross Profit (PBIT) Profit Gross Related to Profit/(Loss) Closing Stock (Net) Others Closing Stock ofStores (Net) &Spares Closing Stock ofCoal(Net) Gross Margin (PBDIT) Margin Gross Other Bank Balances Total Expenditure Cost ofMaterialCost Consumed Cost ofGoodsSold(NetCost Sales-PBT) before TaxProfit Profit after Tax after Profit for the Year Sale value ofProduction Revenue (Net) Operations from SalesofCoal Gross Total Comprehensive Income Tax (After Net Profit &Dividend) Net Sales Particulars EASTERN COALFIELDS LIMITED ₹ ) 13,338.43 12,823.74 11,322.39 12,910.60 12,451.85 18,192.36 14.47 997.65 11.48 1,964.88 3,873.27 1,679.56 2,113.91 7,655.22 166.37 1,501.35 2020 56.83 834.37 58,426 997.65 434.35 465.88 322.88 681.90 178.21

13,449.31 12,914.35 18,385.03 12,804.85 11,615.96 12,609.10 4,186.82 2,709.60 706.38 1,298.39 1,956.47 16.46 748.77 7,448.47 60,747 1,461.49 2019 170.24 For TheYear Ending31 60.14 238.42 748.77 11.90 494.98 476.39 721.71 163.10

10,446.34 10,479.87 (1,466.73) 10,795.11 12,788.25 (1,312.35) 11,946.60 15,250.11 333.88 3,870.36 2,017.07 184.24 8,415.89 (824.17) 2018 (868.36) (931.17) (931.17) 12.69 62,913 443.99 443.99 506.06 656.99 54.75 154.38 26.41

st 10,286.93 March 14,717.53 9,836.31 3,319.31 6,436.58 9,499.80 3,228.64 323.89 9,515.12 9,358.01 173.68 21.62 2017 20.77 481.75 413.03 157.86 65,134 693.25 142.54 16.59 503.17 15.32 57.77 6.13 6.13

(Restated) 9,796.45 13,514.18 9,879.05 9,610.21 3,432.06 5,709.95 1,569.88 790.67 2016 9,274.68 9,281.06 177.13 177.13 725.61 8,487.02 1,251.73 568.98 318.15 1,123.19 62.61 67,460 725.61 738.60 128.54 507.48 61.55 18.10

No. 2.iii 3.iii 4.iii 1.iii 3.ii 2.ii 2.ii 4.ii 3.ii 1.ii Sl. 3.i 2.i 4.i 3.i 2.i 1.i D C A B 3 2 4 1 1 4 3 2 1 2 E 2 1 2 1 3 4 Gross Profit (PBIT) Profit Gross (PBDIT) Margin Gross As % of Capital EmployedAs %ofCapital (includingCWIP) Power &Fuel ofMaterialCost Consumed Employee Expenses Benefit (PBIT) Profit Gross As no.ofmonth’s ofSaleValue ofProduction Trade Receivables Net Sales before TaxProfit (PBDIT) Margin Gross Gross Sales Gross TurnoverCapital Ratio (Net Employed Sales/Capital includingCWIP) As %ofTotal Expenditure before TaxProfit As no.ofmonth’s ofGoodsSold ofCost Stock ofCoal Coal Stock As Ratio ofNet Sales Quick Ratio (Quick Liability) Assets /Current Liability) Assets Ratio /Current (Current Current Operating Ratio As %ofNet Sales Trade Receivables (Net) asno.ofMonths Turnover Ratios Long Term Debt:Net Worth Long Term Debt:EquityCapital Share Structural Ratios As no.ofmonth’s ofNet Sales Liquidity Ratios Profitability RatiosProfitability Dividend per Share ( Dividend perShare Book Value ( ofShares Net :Equity Worth Share Holder’s InterestShare Holder’s Net Fixed Assets :Net Worth Important Financial RelativeImportant IndAS Ratios after ₹ ) ₹ ) (Net /No. Worth ofEquity Shares) Particulars EASTERN COALFIELDS LIMITED EASTERN COALFIELDS LIMITED 16.48 1.04 848.74 1.68 24.91 3.74 1.21 61.48 27.87 3.10 0.88 2.13 2.19 13.10 1.15 1.15 11.71 35.07 5.48 0.30 0.26 0.34 0.03 0.88 0.30 0.85 - 2020

For TheYear Ending31 28.51 11.32 38.17 1.74 0.90 1.51 0.13 15.15 15.15 1.18 1.18 1.12 1.12 25.33 472.63 5.72 3.78 0.22 2.52 59.07 0.25 0.02 0.82 0.22 2.85 10.05 1.06 0.47 - 2019

1.14 1.14 (29.85) (33.36) 5.14 0.15 (8.29) 7.91 1.12 1.12 (14.00) (19.75) (12.52) 0.11 154.22 3.96 0.38 2.38 0.34 0.03 4.95 0.38 0.87 1.04 65.81 - 0.76 2018 1.27

9.88 62.57 4.89 0.53 5.06 0.52 0.04 0.52 0.53 2.25 3.24 1.66 1.95 1.22 1.33 1.36 0.31 0.71 6.74 0.18 0.16 1.00 525.73 - 2017 1.36 Annual Report 2019-20Annual Report 2.11 st March

(Restated) 1.30 0.70 0.80 0.52 16.34 0.71 0.88 1.72 - 516.37 2.44 2.44 0.06 0.20 13.03 1.49 0.67 11.69 22.34 24.90 2016 31.22 1.91 1.74 1.33 5.47 7.96 61.56

25

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 26 Annual Report 2019-20Annual Report

1,000.00 1,500.00 ₹ IN CRORE 2,000.00 2,500.00 3,000.00 3,500.00 4,000.00 500.00 1,000.00 1,500.00 2,000.00 2,500.00 3,000.00 3,500.00 4,000.00 2,000.00 2,500.00 3,000.00 3,500.00 4,000.00 1,000.00 1,500.00 500.00 West Bengal West - 500.00 - 1642.28 Payment ofTaxes and other levies 2015-16

- 2,473.70 2015-16 1888.7 2,473.70 1,955.53 1,955.53 EASTERN COALFIELDS LIMITED Jharkhand 2016-17 1,978.59 2016-17 578.57 1,978.59 SUNDRY DEBTORS ( 1,673.69 ` in Crore in ` 1,673.69 SUNDRY DEBTORS 2018-19 2015-16

687.88 YEAR 2,473.70 YEAR

2017-18 1,475.89 2017-18 1,475.89 1,109.89 2019-20 1,109.89 1,955.53 Central 2226.84 ) 2018-19 1,928.97 2018-19 2264.32 1,928.97 1,621.92 1,621.92

2019-20 3,699.62 2019-20 3,699.62 Total 4447.69 2016-17 3,316.46 1,978.593,316.46 4840.9 NET GROSS NET GROSS

1,673.69 SUNDRY DEBTORS YEAR 2017-18 1,475.89

1,109.89 2018-19 1,928.97

1,621.92 2019-20 3,699.62

3,316.46 NET GROSS 7.i.b 7.i.a 7.i.c 7.iii. 8.iii 8.iv No. 7.iv 7.vi 8.ii 7.ii 7.v Sl. 8.i C B 1 9 A 8 7 1 4 3 2 6 4 5 3 2

Capital EmployedCapital excluding CWIP ( A1 + A9 ) Capital EmployedCapital includingCWIP(A1 +A2A9) Minority Interest (C) Long Term Provisions Other LongTerm Liabilities Long Term Borrowings Shareholders’ Fund &Surplus Reserve Capital Share What isowed Net Curent Assets (7-8)II Total Current Liabilities&Provisions TermShort Provisions Total Current Assets Trade Payables Other Current Liabilities Other Current Short TermShort Borrowings Current InvestmentsCurrent Current Liabilties&Provisions AssetsOther Current TermShort Loans&Advances Cash &BankBalances Trade Receivables Other Inventories Inventory ofStores (Net) &Spares Inventory ofCoal(Net) Current Assets Total Non-Current Assets (I) Other Non-Current AssetsOther Non-Current Deferred TaxDeferred Assets (Net) Long Term Loans&Advances Net Value Carrying ofFixed Assets Non-Current InvestmentsNon-Current Assets WIP&Intangible Capital underDevelopment Less: Depreciation, Impairment &Provisions Impairment Less: Depreciation, FixedGross Assets (Tangible andIntangible) What isowned Total ( A =I+II) Total (B+C) Particulars Total (B) Financial Position prior to IndAS EASTERN COALFIELDS LIMITED EASTERN COALFIELDS LIMITED 168.00 2,740.83 7,358.17 4,956.91 156.36 1,726.03 0.08 1.38 249.67 149.47 (1,847.98) 2,401.26 177.13 177.13 2,421.44 5,331.65 5,331.65 5,331.65 1,091.73 6,555.10 4,776.07 4,047.87 241.28 70.13 4,269.42 3,795.05 18.10 349.28 568.98 2,930.39 648.78 1,955.53 4,829.07 4,127.29 - - - 2016

3,135.23 4,587.05 4,871.90 4,871.90 129.01 4,871.90 91.95 172.71 2,193.60 4,269.42 6,618.71 4,563.88 377.81 4,589.75 345.73 1,051.41 4,243.70 3,334.07 346.05 1,426.88 1,553.42 72.56 1,565.40 384.24 (2,716.00) 149.59 164.33 5,053.31 2,678.30 0.03 0.08 18.92 17.41 7,265.35 17.19 17.19 - 2015

As at31 (1,586.37) 4,042.55 3,852.00 2,854.20 2,390.92 6,498.46 205.25 270.65 63.86 99.86 1,383.79 0.03 133.77 858.76 1,720.01 18.56 1,007.13 2,218.45 16.33 5,491.33 681.29 5,797.26 2,528.15 3,155.46 3,155.46 510.99 3,155.46 (3,804.82) 2,148.33 298.19 4,413.47 17.99 137.23 0.13 1,714.51 - 2014 st March

2,906.72 2,906.72 2,906.72 6,344.75 2,269.40 1,254.83 1,973.68 (2,458.60) 5,707.43 1,892.15 637.32 2,588.69 4,280.72 5,535.55 864.20 20.88 80.52 1,949.53 183.30 4,670.27 120.09 0.03 14.26 (4,677.05) 2,218.45 3,582.13 307.98 81.53 51.26 1,272.12 187.43 17.43 0.15 1,766.10 674.17 - 2013 Annual Report 2019-20Annual Report

5,548.98 4,590.58 1,282.77 460.77 460.77 460.77 324.37 (4,946.85) (958.40) 421.87 2,459.37 5,389.97 1,772.49 948.50 83.28 72.85 132.83 0.03 4,731.93 13.45 2,218.45 2,755.14 476.65 1,419.17 1,248.74 176.23 21.04 5.51 (7,165.30) 97.50 670.18 0.18 17.68 4,107.20 - - 2012 (₹ inCrore)

27

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 28 Annual Report 2019-20Annual Report No. 4.iii 3.iii 1.iii 1.iv 4.ii 3.ii 1.ii 1.v Sl. 10 13 12 4.i 3.i 1.i 11 A B 1 4 3 2 1 9 8 7 6 5 4 3 2

Prior PeriodPrior Adjustment/Exceptional Items Other Expenses Depreciation/Amortization/Impairment Cost Finance Expenses Contractual Repairs Expenses SocialResponsibilityCorporate Expenses/Welfare Power &Fuel andStockin-Progress inTrade Changes inInventories Goods/Work- ofFinished ofMaterialCost Consumed Provision &Write Off Employee Expenses Benefits Overburden Removal Adjustment Others Leave Encashment Wages,Salary, Allowances, Bonusetc. Gratuity Paid to /Provided for Contribution toContribution P.F. &Pension Fund Total (A) Other Income Other Other OperatingOther Revenue (Net) Dividend from MutualFundsDividend from Interest Income Other Income Non-Operatng Subsidy for sandStowing &Protective Works Recovery ofTransportation (Net) &LoadingCost Net Sales Facilitation Charges for CoalImport Less: Excise Duty&Other Levies Earned From Gross Sales(Coal) Income andExpenditure Statement prior to IndAS Particulars EASTERN COALFIELDS LIMITED EASTERN COALFIELDS LIMITED 546.99 268.84 5,610.45 (11.71) 10,426.04 290.75 9,610.21 364.79 3,903.97 (186.24) 253.87 84.75 182.20 184.09 13,514.18 780.31 4,661.70 62.61 507.48 414.89 134.41 493.16 116.59 1,367.92 85.13 155.13 - - - - 2016

10,018.54 10,912.79 672.26 (2.18) 13,413.84 221.99 (84.84) 3,395.30 5,850.50 349.99 339.79 489.96 422.00 250.26 1,025.03 4,539.94 244.79 49.58 475.78 173.00 170.36 24.85 310.45 797.82 101.22 174.42 172.41 - - - 2015 As at31

8,887.79 491.25 221.66 4,352.40 265.34 735.36 265.06 9,600.70 468.03 264.43 463.77 92.98 53.62 145.82 3.36 0.98 168.04 190.06 5,495.74 5.64 11,959.75 210.00 213.50 3,071.96 76.47 742.15 301.19 (3.87) - - 2014 st March

9,740.47 369.91 5,300.14 178.65 12,162.59 203.20 463.82 260.92 649.95 2,970.68 375.20 60.23 672.36 168.92 136.85 8.48 179.50 1.45 9,191.91 276.24 261.29 430.13 190.41 41.80 4,031.51 187.06 (324.59) 117.12 117.12 - - 2013

208.45 (44.67) 200.90 209.40 382.42 332.53 145.10 70.78 8,262.09 103.79 188.99 8,560.71 302.21 481.42 574.22 82.74 153.52 912.32 5,087.34 110.93 248.19 34.17 10,695.11 0.16 3,436.49 2,433.02 61.76 - - - (₹ inCrore) 2012

No. Sl.

Cumulative inBalanceSheet Profit/(Loss) Cumulative Profit/(Loss) from Last Year Last from Cumulative Profit/(Loss) Retained Surplus/(Deficit) for theRetained Year Surplus/(Deficit) Other Transfers &Adjustments Transfer to CSRReserve Transfer to Reserve General Corporate DividendTaxCorporate Dividend for the Year Profit after Tax after Profit Share ofMinority Share Profit/(Loss) from Discontinuing Operation from Profit/(Loss) Less: Tax Expenses Profit beforeProfit Tax (A-B) Total (B) Particulars EASTERN COALFIELDS LIMITED 868.02 (2,680.69) 9,126.00 432.02 (3,548.71) 1,300.04 ------2016 868.02 (4,637.53) 1,782.41 9,130.38 1,139.40 (3,548.71) 643.01 (50.58) ------1,139.40 2015 As at31 872.23 8,301.42 (4,637.53) 427.05 (5,509.76) 1,299.28 ------2014 872.23 st March 7,843.29 (7,165.30) (5,509.76) 1,897.18 241.64 241.64 1,655.54 ------1,655.54 2013 Annual Report 2019-20Annual Report (7,165.30) (8,127.43) 962.13 962.13 7,598.58 ------2012 962.13 29

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 30 Annual Report 2019-20Annual Report 1.ii.d 1.ii.b 1.ii.e 1.ii.a 1.ii.c 1.ii.f 4.iii 5.iii No. 2.iii 1.iii 1.iv 7.iii 1.ii 2.ii 6.ii 4.ii 5.ii 2.ii 1.ii 7.ii 5.i Sl. 2.i 6.i 4.i 2.i 1.i 1.i 7.i A B 3

Sale value ofProduction Net Sales Gross SalesofCoal Gross Profit after Tax after Profit Profit before TaxProfit (PBIT) Profit Gross Gross Margin (PBDIT) Margin Gross Related to Profit/(Loss) Closing Stock (Net) Others Closing Stock ofStores (Net) &Spares Cash &BankBalances Closing Stock ofCoal(Net) Trade Receivables Current Assets Current Current Liabilities Current Net Current Assets /Working Capital Capital EmployedCapital (3+4.iii) Capital EmployedCapital includingCWIP(5.i+5.ii) Development Net Assets WIP&Intangible Capital under Net Fixed Assets Long Term excluding Borrowings Maturities Current FundsShareholder’s Reserve Capital Net Worth ofJointVenture &Surplus Reserves Miscellaneous Expenditure Long Term Maturities includingCurrent Borrowings Accumulated Profit/(Loss) Reserves (General &Statutory) (General Reserves Capital Share FundsShareholder’s Related to Assets &Liabilities Number ofEquity of Shares Particulars Important Financial InformationImportant prior to IndAS ₹ EASTERN COALFIELDS LIMITED 1000/- each EASTERN COALFIELDS LIMITED 832.71 22,184,500 2,421.44 - - - (2,680.69) 4,269.42 568.98 648.78 1,300.04 1,300.04 1,590.79 1,955.53 2,401.26 2,421.44 4,776.07 4,047.87 18.10 1,726.03 4,956.91 174.14 177.13 177.13 868.02 7,358.17 13,514.18 168.00 4,127.29 9,796.45 9,610.21 2016

4,269.42 (3,548.71) 1,553.42 832.71 22,184,500 - - - 4,563.88 4,589.75 346.05 4,243.70 384.24 2,678.30 1,782.41 1,782.41 2,027.20 1,426.88 1,565.40 1,553.42 149.59 10,018.54 10,103.38 4,587.05 17.19 17.19 170.21 1,139.40 13,413.84 164.33 7,265.35 2015 As at31

(1,586.37) (1,586.37) 832.71 22,184,500 2,218.45 - - - 298.19 3,852.00 2,390.92 1,299.28 1,300.26 (4,637.53) 18.56 1,007.13 2,528.15 1,513.76 1,383.79 1,720.01 5,491.33 11,959.75 687.04 137.23 6,498.46 133.77 681.29 872.23 8,887.79 8,882.15 2014 st March

22,184,500 (2,458.60) (5,509.76) 1,949.53 832.71 1,973.68 2,218.45 2,108.86 (2,458.60) - - - 1,905.66 1,655.54 1,254.83 14.26 3,582.13 1,892.15 6,344.75 6,344.75 679.32 120.09 1,897.18 5,707.43 81.53 307.98 12,162.59 637.32 9,022.99 674.17 2013 9,191.91

(958.40) (4,946.85) (4,946.85) 132.83 22,184,500 2,218.45 - - - - 421.87 962.29 13.45 476.65 324.37 1,248.74 962.13 962.13 (7,165.30) 4,590.58 5,548.98 2,459.37 1,282.77 1,163.19 97.50 10,695.11 670.18 8,306.76 674.60 8,262.09 (₹ inCrore) 2012

No. 6.iii 4.iii 4.iv 6.ii 4.ii 4.v Sl. 6.i 4.i 5 4 3 ( CSR Expenses/Welfare ExpensesperEmployee Average Manpower Employed the during year Welfare Expenses SocialResponsibilityCorporate Expenses/ Average Consumption ofMaterial perMonth Depreciation/Impairment/Amortization Finance Cost Finance Power &Fuel Employee Expenses Benefits Cost ofMaterialCost Consumed Total Expenditure Cost ofGoodsSold(NetCost Sales-PBT) ₹ ) Particulars EASTERN COALFIELDS LIMITED - 65.03 9,126.00 780.31 9,281.06 290.75 8,310.17 5,610.45 67,460 2016 62.61 507.48 - 5,850.50 9,132.56 8,236.13 797.82 244.79 66.49 475.78 3,537.17 2015 70,254 24.85 As at31 0.98 12,728.09 8,298.06 463.77 213.50 7,588.51 5,495.74 735.36 2014 92.98 61.28 73,051 st March 8.48 7,841.84 203.20 15,381.58 463.82 7,294.73 5,300.14 2013 649.95 54.16 76,143 117.12 117.12 Annual Report 2019-20Annual Report 200.90 26,316.78 7,299.96 0.16 7,598.58 5,087.34 382.42 209.40 2012 79,569 574.22 47.85 31

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 32 Annual Report 2019-20Annual Report 4.iii No. 3.iii 2.iii 1.iii 4.ii 3.ii 2.ii 3.ii 2.ii 1.ii Sl. 4.i 3.i 2.i 3.i 2.i 1.i D C B A 4 3 4 3 2 1 E 2 1 1 4 3 2 1 2 1 2 Long Term Debt:Net Worth Long Term Debt:EquityCapital Share Book Value ( ofShares Net Fixed Assets :Net Worth Net :Equity Worth Structural Ratios Share Holder’s InterestShare Holder’s As no.ofmonth’s ofNet Sales As no.ofmonth’s ofGoodsSold ofCost As no.ofmonth’s ofSaleValue ofProduction Stock ofCoal Coal Stock Trade Receivables As Ratio ofNet Sales Net Sales Gross Sales Gross Trade Receivables (Net) asno.ofMonths including CWIP) TurnoverCapital Ratio (Net Employed Sales/Capital Quick Ratio (Quick Liability) Assets /Current Liability) Assets Ratio /Current (Current Current Turnover Ratios Liquidity Ratios Operating Ratio Profit before TaxProfit (PBIT) Profit Gross Gross Margin (PBDIT) Margin Gross As % of Capital EmployedAs %ofCapital includingCWIP Power &Fuel ofMaterialCost Consumed Employee Expenses Benefit Gross Profit (PBIT) Profit Gross (PBDIT) Margin Gross As %ofTotal Expenditure before TaxProfit As %ofNet Sales Profitability RatiosProfitability Dividend per Share ( Dividend perShare Important Financial RelativeImportant Ratios prior to IndAS ₹ ) ₹ ) (Net /No. Worth ofEquity Shares) Particulars EASTERN COALFIELDS LIMITED EASTERN COALFIELDS LIMITED 166.99 2016 13.53 13.53 16.55 33.31 27.22 27.22 61.48 0.86 2.44 2.44 0.04 0.82 0.70 0.06 0.20 5.56 8.55 0.57 0.07 1.33 1.48 0.71 0.71 2.01 1.74 -

1.71 0.82 (224.28) 38.83 0.04 1.28 1.58 8.74 44.17 2.18 0.14 17.79 38.83 20.23 64.06 1.46 5.21 2015 17.79 - 0.04 0.36 0.46 0.56 0.46 1.01 0.11

As at31 (715.08) 51.39 0.19 59.88 66.23 0.03 2.32 3.52 5.59 8.86 14.63 14.62 1.73 - 51.43 1.10 2014 0.85 17.03 (0.43) (0.72) 1.18 1.18 (0.87) 0.40 0.40 0.47 0.31 st

March 0.51 96.12 67.59 (1.11) 1.11 1.11 (1,108.25) 5.91 - 20.73 106.85 0.39 4.68 3.53 2013 0.79 96.55 4.66 1.03 0.03 22.94 8.29 (0.27) 20.64 (0.51) 0.30 0.40 0.41

0.30 0.69 0.78 0.69 0.06 0.30 0.83 0.72 5.03 19.58 14.08 3.57 228.10 2.76 (0.14) 7.56 11.65 11.65 (2,229.87) - 228.06 275.72 2012 0.88 66.95 (2.23) (0.26)

Industries, National Building Organization under Ministry ofHousing&Poverty alleviation. National BuildingOrganizationIndustries, underMinistry ofLabour, Ministry SmallandMedium of HomeAffairs, Ministry ofCommerce, Policyof Industrial &Promotion, Ministry Government ofthe Central such asDepartment andDepartment Ministries has heldSeniorManagerial positionsindifferent 15.07.2015 from Limited withCoalfields effect to 17.03.2020. inthe year 1993. joinedIndiaEconomic Service Bharti Shri He Limited ofEasternw.e.f. Coalfields Board 17.03.2020. Hewas alsoGovernment Nominee Director onthe ofWestern Board (54)Shri (DIN-07260983) AnimeshBharti Innovation“Leadership Excellence Award 2020 &Udyog Rattan Award” inMarch, 2020. the past, In recent “INSTITUTE with the Mishra Award OFECONOMIC STUDIES” prestigious uponShri most hasconferred in 2019.February, with Indian MineManagers Hehasbeenconferred Association(IMMA)“Excellence Award” 2020. inJanuary, with theactivities. Hehasbeenconferred award “CEOwith prestigious HROrientation” by the World in HRD Congress haswon Mishra severalShri indebate, prizes extempore, elocution,essay athletics writing, andother extra-curricular various Missionshave leadership, beeninitiated inECLwhich ofthe aimsatimagevisionary company. re-incarnation achange inbringing Limited. hasalsobeeninstrumental inthe Mishra workofEastern Under his Coalfields process Shri and other institutions. Tourism academic for delivering oninvitation person lectures by BCCL.Hehasbeenaresources Area, different atBarora StockProfit, liquidation, Overburden removal andfor EcologicalRestoration. Hehadconceptualized andimplemented Coal hasbeenaleaderparexcellence Mishra Shri andhehaswon several Awards Safety, for Production, over-all performance, levels. organized several atdifferent conferences andseminars 2010Association from to 2014 2011 from of MGMI, Dhanbad branch Secretary and General to 2015. He has convened and of ISM Alumni Forum and Secretary FellowMining and Engineering (FIE). He had been General of of Institution Engineers Management (IIMM),IndianMinesManager Associations(IMMA),IndianInstitute ofPublicAdministration (IIPA), Indian isalsoanactive Mishra memberofNationalShri Institute ofPersonnel Management (NIPM),IndianInstitute ofMaterial Technical subjects. workshops programmes, training Management Decision Making, Project on Leadership, and other Managerial and andAdvancedHyderabad Hehasattended Management conducted Mussoorie. Programmes different by IICMatLBSNAA, World 2011. MiningCongress Hehasalsoattended Management Training College, atAdministrative Programme Staff and Essec Business School Paris, France in 2014. of CIL delegation to He was (Turkey) Istanbul also a part for attending hasattended Mishra Shri Advanced University Management heldatIIM,Calcutta, ofSt. Gallen,Switzerland Programme in November, 2015. He was Area. appointedGM of Barora Development as Director Minerals & Planning) of Orissa (Production Company Limited Limited years. forCoalfields Onbeingposted aboutfive atBCCLinJune,2008,heworked inter aliaGMofBlock and IIArea sixteen invarious minesofCentral opencast years. Healsoworked Officer asDeputyChiefMiningEngineer/Project He joinedSECLinthe year 1987 andworked managerial capacitiesinseveral minesofSECLfor than more indifferent inIndia.” ofCoalMiningIndustry study IIT (ISM),Dhanbadonthe topic SocialResponsibility “Impact assessmentofCorporate ofresearch Initiatives -Acase Accountancy the (CMA)from Institute Ph.D.inManagement Accountants ofCost ofIndia.Heisalsopursuing Study from West Bengal National Sciences(NUJS),Kolkata. University ofJuridical andManagement Cost heispursuing Presently ofCompetency intheCertificate year 1990. aPost Hehasobtained Graduate DiplomainBusinessLaw the from He completed hisB.Tech IndianSchool (Mining)from ofMines,Dhanbadinthe year 1987 Class First andobtained 20th August, 2018. Shri Prem Sagar Mishra (55)(DIN-07379202) BRIEF PROFILE OFDIRECTORS Economic Adviser, ofCoal isaGovernment Nominee Director onthe Ministry EASTERN COALFIELDS LIMITED is Chairman-Cum-Managing Director of Eastern Coalfields Limited Directoris Chairman-Cum-Managing ofEasternw.e.f. Coalfields Annual Report 2019-20Annual Report 33

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 34 Annual Report 2019-20Annual Report was the Limited. Director on18 ofEasternHewas (Finance) Coalfields born Shri SanjivSoni(59)(DIN-08173548) hasassumedthe charge ofDirector CILon10 (Finance), has keen by interest andtechnical Govt. than inCSRactivities. Under more hisleadership 50ladiesof ofJharkhand support onCILFoundationguidance ofForest prize Day Research in2014. Institute, haswon Theproject first Dehradun. Gupta Shri onEcologicalRestorationproject atTetulmari, ofSijua Project BCCLledby Area, Gupta Shri was taken upunder the technical major development activities in schedule time enhancing mine capacity to than more 01 pilot The first underground. MT from seam successfully completingvirgin SECL in R-V all of Chirimiri, he had deployed continuous miner in NCPH Colliery officer systemdeveloping inthick cable boltsupport seamworking. For this development hewas inSECL. As project alsohonoured He was awarded with andTechnology Engineering award inthe year 1998 Research andIndustrial for CouncilofScientific from areas. Managerand General indifferent to Coking Coal Limited Bharat asChiefManager in BCCLfor 12 (Mining) in the year 2006. He served years Officer as Project Limited asJuniorExecutiveCoalfields andwas post then Trainee. transferred 23years inSECLdifferent nearly He served Gupta,Shri a1983 graduate, B.Tech HinduUniversity (BHU/IIT)joinedSouth Banaras Eastern from inMiningEngineering Limited on18.06.2018.Coalfields Shri Jaiprakash Gupta (58) (DIN-08174002) took over the charge of Director (Technical) & Planning of Eastern Project w.e.f. 10.07.2019. asanIndependentDirector Limited onthe ofEastern Coalfields Board heisserving Ltd.(IMPCL).Presently Corporation onthe ofIndianMedicinePharmaceutical Board Medicines both this During time,healsoserved inIndiaandabroad. till2017.ministry histenure During heplayed akey inthe role growth anddevelopment ofTraditional Systems ofIndian ofAYUSH,He was appointed asJointSecretary, Ministry Government ofIndiainthe year 2012 inthe andserved andschemes. alleviationpoverty programmes andmonitored such housing,water projects asroads, various large scaleinfrastructure supply,supervised and sanitation asSecretary, Government Rural 2008-2012 Development ofSikkimfrom He alsoserved Department, this he during period asResident Commissioner,He served Government 2006-2008inNew ofSikkimfrom Delhi. Administration and vigilance matters. of Indiasuch asRural Development, Implementation andAYUSH. Statistics andProgramme Hehasvast experience in asDeputyAdvisor,He alsoserved ofGovernment undervarious ministries DeputySecretary, Director andJointSecretary Government ofCulture, ofSikkiminthe year 2017.Department (IFS)inthe year 1986Forest Service 31 andafter superannuated Secretary, asPrincipal years service ofdistinguished andlater anM.Phil.inPublicAdministration. Hejoinedthehe didhisMasters inBotany Indian healsopursued &Forestry Shri Anil Ganeriwala been appointed asanIndependentDirector Limited onthe ofEastern w.e.f. Coalfields Board 13.12.2018. ofInternal Audit,in the Taxation field andcompany matters. Director Heispresently invarious private companies. Hehas He hasbeenassociated with Heisalsohaving many consultant. inception experience from projects asfinancial to finalization Bank, Banks Companies includingforensic Audit andInsurance ofBanks. experience inAuditing ofprivate companies aswell asGovernment organisations such asNTPC,SAIL, National Housing Accountant since1976Chartered inM/sP.K. asapartner Maheshwari andCo., Shri Pravin Kant (66)(DIN-00282716), IndependentDirector Limited onthe ofEastern isapracticing Coalfields Board 2019 asmemberofCILdelegation. He hasvisited Austria inthe Vienna, Year implementationandToronto, 2004onaccountofCBMproject Canadafor PDAC initiatives towards internal controls. building-uprobust implemented jointlyby CMPDI/BCCL/GOI/UNDP. atWCL, took Soni,whileheadofInternal Audit Shri various Department, at CMPDIL.Hewas functionfor in-charge UNDP/GEF/GOI-CoalBedMethane offinance Recovery &Utilizationproject ManagerGeneral IADatWCL (Finance), HQ,Nagpur. Soniworked Shri hisprofessional career During capacities indifferent Soni joined CMPDIL on 27.05.1986.Shri to Prior Limited, joining as Director ofEastern heworked(Finance) Coalfields as capacities. indifferent Sonihaswideexperienceof IndiaandShri the ofover CoalIndustry 32years andhasserved College,Xavier’s Kolkata andisamemberofthe Accountants Institute ofIndiaandthe Institute ofChartered Accountants ofCost (62) (DIN-06372875) in the year 1957. Haryana in Sirsa, was born completing his After BSc. degree, EASTERN COALFIELDS LIMITED th June,1961 St. andgraduated from incommerce New years of than Delhi.Hehasmore 44 th July, 2019. to Prior that he year 2019-20. timeinIndia2014 forsuccessfully grounded the first and about2.06MillionTonne inthe ofcoalhasbeenproduced Longwall), SCCLbefore joiningECLasDirector (Technical). timetechnologies with Thisproject somany hasbeen first later worked Officer Project Manager asGeneral ofthe Adriyala prestigious Longwall (automated Project highcapacity Hewas projects. the field ofgreen andgrounding of experience operation incoalmining,planning,procurement, planning of SCCL. He is project having and mines opencast and mechanizedin corporate underground about 32 years CompanyHe joinedSingareni Collieries Limited (SCCL)inthe year 1987 andworked invarious capacitiesinprestigious of Godavari valley atIIT(ISM),Dhanbad. acasestudy” coalfields- 1990. Ph.D.onthe topic Heisalsopursuing “Impact ofgeo behavior the technical strata oflongwall panels factors affecting Kothagudem ofCompetency School ofMines(KSM), inthe ClassCertificate year OsmaniaUniversityFirst (OU).Heobtained He completed hisB.Tech (Mining)andM.Tech (Mineplanning)inthe year 1986 and2000respectively with from distinction Shri B.Veera Reddy (55)(DIN-08679590) isDirector (Technical) Limited ofEastern w.e.f Coalfields Operations 01.01.2020. to single stakeholder. reach outfor every implementation ofhighimpact CSRactivitiesandtry issued by legislative bodies.Hisfocus towards welfare ofemployees and society isquite Heemphasizes on admirable. /guidelines norms implementation ofstatutory proper cases.Heensures ofcourt numbers company significant reduced As Director towards (Personnel), ECL hiscontribution handlinglongpendinglegal casesisremarkable andunderhisleadership atDBPower,stint CHRO ofthe Year ofHRProfessionals (PSU). andPride atvarious forhas beenrecognised forums hisremarkable like, contributions Asia’s Employer Best Award Branding for his of NIPM, Asansol Chapter Chairman He is currently and life member of National HRD Network, Mumbai Chapter. Ranjan Shri ofthe andmost HRforums leadingBschool India. Campuses across RanjanShri hasthe ofspeakingatdifferent distinction Relation.Industrial graduate inPhysicsmanagement HeisanHonours program. andholdsfulltimePG DiplomainPersonnelManagement & RanjanShri INSEAD Business School is an Alumni of prestigious Fontainebleau, and passed out from France, with a general excellent stakeholder management andexecution skillsandempathy delivery with with highintegrity. highlevel ofservice andhighlyproductiveHe isanimpactful leaderwith workforce. Heisknown abilityto for his develop andhasledefficient Teleservices Ltd.owing to hisexpertise. TCS deputed VSNL, andthereafter forCommunication, erstwhile with another implementation partners cycle at Tata geographies.to Heledthe team overseas for two entitiesatdifferent atTATA fulllife cycle SAP HRimplementation,first Employee Engagement, andTraining relations Industrial &Development. Hehasalsosuccessfullyextended HRsupport Management, Employer Compensation Management, Branding, Resource Enterprise planning,Change Management, RanjanShri hascloseto 25yearswork ofbroad experience inTalent Acquisition, Talent Management, Performance inlarge Healsohashadgoodstints process. housesofReliance Corporate andJSW roles. incorporate group Sanchar NigamVidesh Ltd, he witnessed theof VSNL transition into Tata Company Group consequent to disinvestment VinayShri Ranjan hasextensive exposure ofworking inboth Publicandprivate initialyears inNavratna sectors. PSU After Power Ltd.,ADainikBhaskar Company Group basedatMumbai. Limited, Vinayjoining Eastern Shri Ranjan Coalfields was&HeadHRofDB President holdingthe Vice position ofCorporate Shri Vinay Ranjan mechanization mining. andopencast He hadvisited Chinainthe year 2011 onAdvance Management Heishaving programme. vast experience both inunderground MT with positive growth. with growth of10.70% and3.70%respectively, which contributed majorly inachieving the company’s of50.401 production like project Under hisdynamicleadership inthe production highest year UGproduced OC&Jhanjra SonepurBazari 2019-20 forfuture enhancementofECL’s production. Also the Rajmahal, ECLexpansion 17 from was granted willcontribute on22.03.2020.Theseprojects to in 23.80MTY MTY OCPwas East Under hisableguidance,Stage-II COCP&Chitra granted by ofHura forestclearance MOEFon21.05.2019. Govt.Jharkhand givingsomeremuneration. MahulidihvillageGaradia, got onhandloomweaving training of andcloth which taken are manufacturing afirm by Jharcraft (49) (DIN-03636743) Limited joined Eastern asDirector Coalfields (Personnel) in August, 2018. to Prior EASTERN COALFIELDS LIMITED Annual Report 2019-20Annual Report 35

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 36 Annual Report 2019-20Annual Report Malaysia onManagement. S.E.C. Rly/Bilaspurwhich isthe loadingzoneofIndianRailways. freight highest atSingapore and training Hehasundergone Railway Manager/Sealdah/ER, Sr. Manager/ER. DeputyGeneral to Prior joiningasPCOM/ER hewas posted asPCOM/ as ChiefFreight Transportation Manager/N.F. Rly/Maligaon, ChiefTransportation PlanningManager/ER, Addl. Divisional In Railways, andhasgot posts vast hehasworked knowledge important inRailway indifferent Hehasworked Operations. Invitee Limited. onthe ofEastern Coalfields Board IIT,from Kharagpur. Before joiningRailways, hehasworked BalisaPermanent GasCommission. Shri inOilandNatural Shri UtpalKanti Bal(57) of1988 isanIRTS officer Batch. HeisB.Tech andTelecommunication inElectronics Engineering withordination CMPDILandtook for role implementationofMCPinBCCL. avital scrutiny planincompliance with ofmineclosure guidelines issued by mineclosure financial MoC,Govt. ofIndiaincloseco- having Area In-Chargeas Finance four new ofVikramshila coalblocks andBihar. atJharkhand Hehasalsobeeninvolved in in Red ofCoalIndiaLimited Prospectus Hearing atthe inNovember, timeofIPO/listing 2010. De hasalsofunctioned Shri system. Statement inFinancial inrestatement Hewas years accountsofBCCLfor offive alsoinstrumental incorporation IncomeTaxtransportation, calculationofemployees etc. to save outputthrough ingenerating timeandcost various financial inRail measure control andRoad effective sale,contractual hasslefree andintroduced association with Systems Department CokingCoalLimited DejoinedBharat Shri 1989. inJanuary, hisprofessional career, During Deworked Shri inclose Dehaswideexperience Chandra Gautam ofoverShri capacities. 31 indifferent the CoalIndustry years andhasserved graduate University andalsoamemberoftheHe isacommerce ofCalcutta Accountants from Institute ofIndia. ofChartered to 2020.Prior February, on 3rd that heworked Manager CokingCoalLimited asGeneral ofBharat (Finance) 02.03.2019. from Shri Chandra Gautam De(58)(DIN-08725907) hasassumedthe charge Limited ofDirector ofEastern (Finance) Coalfields and Tunneling (ISRMT). bodies like (IE)&IndianSociety for ofEngineers AssociationofIndia(MEAI),Institution Rock MiningEngineers Mechanics journals/seminars/workshops (Australia-2005, USA-2017, China-2018). Reddy Shri isalsoamemberofvarious professional He hasalsoauthored about 30technical which were published/presented papers innationalandinternational conferences/ institutes. andothermanagement ofhighlyproductive management mines.Hehasalsoattended atIIM-Ahmedabad internal trainings (2010), Czech Republic (2010), Austria (2010), Spain(2010), Germany (2010, 2012 &2013) andCanada,PDAC (2020)on like countries in SCCL.Hetook indifferent UK&France training (1994), Australia (2005&2016), China(2009),Poland award inthe year ReddyShri 2001 received the officer best Singarenian andbest award for order) the (highest year 2007 EASTERN COALFIELDS LIMITED Special Achievements: accounts. and Management’s thereon reply aswell as the commentsofthe Comptroller andAuditor ofIndiaonthe audited General 1.1 1.0 PRODUCTION I, onbehalfofthe ofDirectors, have Board the inpresenting pleasure 45 Ladies andGentlemen, Eastern Limited Coalfields The Members, To together with Audited Accounts for the year ended31 iii)Non-Coking -Others -Blendable ii)CokingCoal 1. 2. O.B.Removal -Overall -Opencast -Underground 3. Productivity(OMS) b. a. i. h. g. f. e. d. c. Production performance of the Company ofthe Production performance in2019-20 against target the aswell ascompared to last year was

as under: as under: Total -OC i) Raw Coal-UG Production : The record of highest production onasingle production day ofhighest The record was 2.54 L.Te. which was achieved on31 everHighest inayear coalproduction sinceinception by achieving 50.401 M.Te. 25th August, 2019 Govt. ofPublicEnterprises, ofIndia. by Department Limited “EXCELLENT”Eastern hasobtained Coalfields Governance inCorporate grading for 2018-19 aspublished on coalmineofIndia. mechanized underground mine achieved underground Jhanjra its target of 3.5 M. Te. producing highest time and remained for the first OCPexceededSonepur Bazari itstarget by achieving 11.1 M.Te. timesinceitsinception. for the first Rajmahal OCPexceeded targeted 17 by achieving 17.38 MTY M.Te. timesinceitsinception. for the first Achieving positive asustained minessuccessively growth underground from for incoalproduction 8years. last everHighest OBremoval inamonth sinceinception by achieving 14.54 M.Cum.inDecember, 2019. everHighest OBremoval inayear sinceinception by achieving 140.455 M.Cum. since inception ofthe company. andachieved the record earlier March, 2020ECLsurpassed 2.63L.Te. which isthe ever highest inaday production Particulars M CuM Tonnes M. Te. Unit Target 44.250 53.500 155.00 19.428 53.474 0.026 0.000 9.250 3.924 0.814 EASTERN COALFIELDS LIMITED BOARDS’ REPORT st March, 2020, report of the Statutory Auditors, ofthe Statutory Auditors Secretarial March,2020,report Actual 140.455 2019-20 50.401 50.376 17.358 41.195 0.026 0.000 9.206 3.722 0.824 Achieved (%) th 100.00 101.23 Annual Report onthe working ofyour AnnualReport Company 99.52 89.35 90.62 94.85 94.21 94.21 93.10 - 2018-19 Actual 126.056 41.099 50.160 50.131 17.019 0.029 0.000 3.580 0.781 9.061 Growth Over Last year Absolute st March,2019. On31 14.399 -0.003 0.000 0.096 0.339 0.043 0.245 0.241 0.145 0.142 Annual Report 2019-20Annual Report -10.34 % 11.42 0.49 0.48 0.23 2.00 3.97 1.60 5.51 - st

37

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 38 Annual Report 2019-20Annual Report 1.4 Status ofachievement ofMOUTarget for year the 2019-20: 1.3 System CapacityUtilisation: 1.2 Constraints inCoalProduction: e) Total [UG+OC(D)] f) Overall +Dept.) (UG+OC)(Hired d) OC(Dept.+ Excv. Hired) c) OC (Hired) Excv.c) OC(Hired) b) OC(Dept.) Excv. a) UG Sl. No. No. Sl. 2. 1. 5 4 3 2 1 of UG Mines (Departmental) over the previousof UGMines(Departmental) year. % improvement inequipment Capacity Utilisation of OC Mines (Departmental) over the previousof OCMines(Departmental) year. % improvement inequipment Capacity Utilisation Total Others Machine breakdown IR problem Water loggingdueto rainfall Land acquisition Review Meeting by Shri AnilKumar Jain,IAS,Secretary, Coal atSonepurBazari Area, ECL Performance Criteria Particulars EASTERN COALFIELDS LIMITED Reason for lossinproduction Unit inMeasurement Target 103.114 96.444 75.058 92.463 96.315 77.217 % % 2019-20 Actual 93.658 64.568 86.760 92.013 67.973 87.891 Target for the Achieved (%) 19.00 year 0.60 89.96 88.03 90.83 86.02 99.51 91.25 Quantity (MT) Achievement 3.093 0.030 0.040 0.080 0.923 2.020 (Figures in%) (Figures 0.271% -5.63% 2018-19 Actual 85.845 69.272 72.106 91.531 91.764 86.151 Total year the 2019-20during financial Expenditure Capital was Expenditure:2.2 Capital Capital Expenditure of Expenditure Capital 2.3 Capital Structure:2.3 Capital 2.1 2.0 FINANCIAL RESULTS: 2.4 Repayment ofForeign Loan: Repayment offoreign loanthrough CIL. Total Tax Comprehensive Incomeafter Cash Profit and OBRAdjustment. Total Comprehensive Incomefor the year charging interest impairment after andDepreciation, Less :OBRAdjustment Less :Depreciation/Impairment Cost Less :Finance Less :Actuarial provision Less :Impact ofPRP/Executive Benefit Superannuation adjustment. period OBR,prior interest, Impairment, depreciation, benefit charging allexpenses after butbefore PRP/ExecutiveProfit(+)/Loss(-) Superannuation ii. Liability component of Compound Financial Instrument (6% Pref. Share) (6%Pref. ii. Liabilitycomponent ofCompound Instrument Financial Development Canada Corporation, i. Export B. LOAN FUNDS: iii) ii) i) SHARECAPITALA. Gross salesturnover Gross for the year ending31 income of Crore compared to compared totalCrore pre-tax year’s last comprehensive incomeof made a pre-tax totalmade apre-tax of comprehensive profit previous year of1.05% indecrease resulting over previous year. year the 2019-20, During financial the company had Preference Shares, fullypaidup (20509700 Shares, Preference of shares ofPaid cumulative, up6%Non-convertible, redeemable Other Equity (Equity portion Paid (2,21,84,500 upEquity Capital Share of shares Authorized of (2,50,00,000Eq.shares Capital Share Shares of Shares ₹ ₹ 1000 each). 706.38 Crore. Details 706.38Crore. were asunder: ₹ 829.96 Crore during 2018-19. during 829.96Crore Particulars Particulars Particulars EASTERN COALFIELDS LIMITED st March,2020was ₹ 1283.15 total andapost-tax Crore of comprehensive profit ₹ ₹ 1000 each and2,10,00,000 Preference 1000 each) ₹ 1000 each)) ₹ 894.68 (excluding Crore exchange against the fluctuation) ₹ 18192.36 to compared Crore ₹ 1237.00 total andpost-tax Crore comprehensive 2019–20 6.61 ₹ 2019–20 2019-20 18385.03 inthe Crore 2643.43 2572.42 4600.00 1283.15 1794.99 2218.45 286.92 434.35 334.89 125.91 178.21 834.17 855.61 171.98 Annual Report 2019-20Annual Report 2018–19

( ( ( 2018–19 2018-19 ₹ ₹ ₹ 4600.00 2706.65 6.58 1662.03 inCrore) inCrore) inCrore) 2218.45 ₹ 1237.00 2712.13 234.42 706.38 494.98 456.24 165.55 834.37 855.61 120.91 163.10

39

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 40 Annual Report 2019-20Annual Report 2.5 Payment/Adjustment ofRoyalty, Cess,Stowing excise duty&SalesTax during year: the TOTAL xiii) BazaarFees xii) Management Fees xi) Entry Taxxi) Entry x) Excise DutyonCoal ix) Clean Energy Cess ix) CleanEnergy viii) Stowing Excise Duty vii) SalesTax (VAT/CST) vi) PW&Road Cess v) AMBHCess iv) RE&PECess iii) Royalty onCoal d. Compensation Cess c. SGST b. CGST a. IGST ofJharkhand ii) Inrespect d. Compensation Cess c. SGST b. CGST a. IGST i) GST ofWest inrespect Bengal Particulars Shri Pramod Agrawal, IAS,Chairman, GuardofHonourduring CILtaking hisvisitto ECL 1888.70 EASTERN COALFIELDS LIMITED Bengal 1767.72 West 23.03 23.06 72.37 0.29 2.23 ------Jharkhand 687.88 644.81 36.67 2019-20 4.83 1.57 ------2264.32 Central 1157.69 835.68 161.66 26.48 72.37 10.41 0.03 ------4840.90 1767.72 1157.69 835.68 Total 667.84 161.66 23.06 26.48 72.37 72.37 36.67 10.41 2.23 0.03 1.57 5.12 ( - - - - 1642.28 Bengal 1587.50 West 32.43 17.67 2.34 2.34 ------Jharkhand 580.73 525.04 53.21 2018-19 0.32 2.16 ------2226.84 Central 1160.54 166.77 813.69 32.43 53.21 0.03 0.17 ------₹ 4449.85 inCrore) 1160.54 1587.50 Total 166.77 542.71 813.69 32.43 32.43 53.21 53.21 0.03 2.34 2.34 0.32 2.16 0.17 - - - - 3.4 3.3 3.2 3.1 3.0 PLANNING: 2.6 f. e. d. c. b. a. that: state andconfirm toPursuant sub-section (5) ofSection134 of the Companies Act, 2013 the ofDirectors ofthe Board Company hereby Directors’ Responsibility Statement: In additionto above the following steps beingtaken are ofCoalIndustry: /modernization for diversification 9.06MTin2018-19 from increased coalproduction underground to 9.21 MTin2019-20 registering growth of1.60%. successfully since August,is running 2016 2019-20 during & production was 1.43 MT (Excluding Road Header). Overall of Standard HeightContinuous Minerand3nos.Low heightContinuousMiner was 2.43MT. Longwall InJhanjra, technology andKumardih-B successfully. Sarpi andisrunning UGprojects Jhanjra, achieved Theproduction 2019-20 during 3Nos. from technology”“Mass production by deploying ContinuousMinercombinedwith ShuttleCar(6sets) hadbeendeployed at Annexure-II. Detailed ofimplementation ofongoingS&TResearch status ofMoCisgiven fundedunderS&Tgrant projects in ofCILisgivenDetailed fundedunderR&Dgrant ofimplementationongoingR&Dprojects inAnnexure-I status . mines and9mixed mines. 14 are There mines,20opencast ofworking mines,49Underground with Areas 78numbers ofoperating numbers c. b. a. ofLongwallnos Road Package) header(Part is0.11 MT. mines ofECL. underground equipment)nos. ofLHDsand134 indifferent nos.ofUDMswere (inclusive onroll initialSurvey-off deploying LHD/SDLwas in introduced toIn order the increase level mines,intermediate andmechanization inunderground ofmodernization technology Modernization ofUnderground Mines: S&T Projects: Research andDevelopment Projects: Command Areas ofOperations: such systems were adequate effectively. andoperating the Directors had devised systems proper to compliance withensure the provisions of all applicable laws and that and adequate are controls effectively andwere operating financial the to controls Directors hadlaiddown befollowed internal financial by the company andthat such internal basis; the the Directors hadprepared annualaccountsonagoingconcern preventing anddetecting andother fraud irregularities; withaccordance the provision ofthe Companies Act, 2013 for safeguardingthe assets ofthe company andfor for care thethe maintenance Directors hadtaken ofadequate in accountingrecords andsufficient proper year oftheat the company end ofthe andofthe financial Profit/Loss for that period; estimates soasto ofthe that andprudent company reasonable are give view andfair atrue ofthe state ofaffairs the Directors hadselected such accountingpoliciesandappliedthem consistently andmadejudgments Standards were followed with explanation proper to relating material departures; in the preparation ofthein the annualaccountsfor preparation the year ended31 Mine I (2 nos. Battery Locomotive).Mine I(2nos.Battery System Shyamsundarpur Nimcha,Parasea, Bansra, ineach &Chinakuri mine)andChinakuri MineIII(Chairlift Thus total numberoffunctionalManRidingSystem is10 (Ten) (3nos.Free nos.viz.Jhanjra Steered Vehicle), Man RidingSystem: 2019-20 During oneset ofManRidingSystem UGMine. inBansra hasbeenintroduced hasbeensignedon25.07.2018agreement for ofHighwall introduction MiningTechnology. Highwall Mining:TheHighwall to Miningisproposed Colliery. inNimcha beintroduced andSripur Contract a copy to ECL. Directorate underMoP&NG’s ofHydrocarbon General suggestions andsentthe sameto CILfor approval with revised andModelRevenue CMPDILprepared Notice Area. Sripur Inviting Offer considering Contact Sharing administratively underMDOconcept on22.09.2018 covering Kunustoria ofSatgram, leaseholdarea & (PFR)hasbeenformulatedCoal BedMethane andapproved Feasibility (CBM):Project Report by ECLBoard During 2019-20,During achieved production SDLswas from 4.17 MT, LHDswas from 1.02 2 MTandfrom EASTERN COALFIELDS LIMITED 57 nos.ofminesECLtill2019-20. Ason31.3.2020, 244 nos.ofSDLs,40 st March,2020,allthe applicableIndianAccounting Annual Report 2019-20Annual Report 41

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 42 Annual Report 2019-20Annual Report CMD, ECLpaying floral tribute to Miners Plastic Bagexchange counter during Swachhata Abhiyan EASTERN COALFIELDS LIMITED Republic Day Celebration atEastern Limited Coalfields 3.8 3.7 3.6 3.5 No. No. No. Sl. Sl. Sl. 2. 1. 1. 8. 6. 5. 4. 3. 2. 1. 7.

Jhanjra UGP Jhanjra of Report Expansion Project (including Sarpi Unit) (including Sarpi Shyamsundarpur UG Final approval ofProjects by BoardofDirectors the ofCILduring year the 2019-20: Board during year the 2019-20: Details ofProjects Approval &Recommendation ofBoardDirectors ofECLfor seekingapproval ofCIL Details ofProjects Formulation during year the 2019-20: aswell. and supporting gang ofDrilling dueto ofavailability andthe dualpurpose superannuation of shortage coalatface ofmore with theoperations intermediate technology. Action hasbeentaken to UDMskeeping more introduce inview in comingyears like phasingoutofmanual gradual from Khottadih, apart ,Parasea-Belbaid , TechnologyProduction deploying mines ContinuousMinerwith numberofunderground ShuttleCarinmore caving etc. actionshave beentaken to improve mainlyby production underground ofMass introduction liquidation theof upper seam, delay constraints, Considering various operational in availability of land for Steps taken to improve underground coalproduction: Re-organization UG Parasea-Belbaid NKJUG Khandra Mohanpur Dhangajore UG Nabakajora- MadhabpurMine(UG&OC) ExpansionOCP Sonepur Bazari OCP Chuperbhita OCP Itapara Pandaveswar Dalurbandh(UG&OC) Name Project ofthe Name Project ofthe Name ofProject Nominal Capacity- 5.0 MTY 5.0MTY Nominal Capacity- Peak Capacity–5.80MTY EASTERN COALFIELDS LIMITED Capacity (MTY) Capacity (MTY) 2.07 1.59 Capacity (MTY) OC: 0.80 UG: 0.54 UG: 1.32 OC: 1.00 12.00 0.70 2.50 4.00 3.50 1.08 Investment ( Approved Capital Investment ( Approved Capital Partial Outsourcing: 229.90 Outsourcing: Partial 526.32 Departmental: 910.71 Outsourcing: Partial 1158.78Departmental: Partial Outsourcing: 363.56 Outsourcing: Partial 641.39Departmental: Partial Outsourcing: 636.27 Outsourcing: Partial 984.11Departmental: Partial Outsourcing: 3430.00 Outsourcing: Partial 5923.72 Departmental: 2634.70 Outsourcing: 3403.87Departmental: 1036.59Outsourcing: 1202.00 Outsourcing: Partial 1839.70Departmental: Partial Outsourcing: 504.11 Outsourcing: Partial 871.28Departmental: 826.42 1210.12 483.65 Estimated additionalCapital ₹ ₹ Cr) Cr) ( ₹ InCrore) Annual Report 2019-20Annual Report 22.07.2019 16.01.2020 16.01.2020 Approval Approval Date of Date of 43

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 44 Annual Report 2019-20Annual Report 3.11 3.10 3.9 No. No. Sl. Sl. 8. 6. 5. 4. 3. 2. 1. 7. 3. 2. 1.

b. a. (additional) UGP:2nos.LH CM Jhanjra of Report Expansion Project Nabakajora-Madhabpur Mixed (additional) Unit): 2nosLHCM Sarpi Shyamsundarpur UG (including UG Parasea-Belbaid Tilaboni UG Tilaboni Siduli Mixed Kumardih-B CMUG Khottadih CMUG Re-organisation UG -Belbaid Parasea Jhanjra UGP Jhanjra of Report Expansion Project Unit) Sarpi Shyamsundarpur UG(including Following initiative were taken in2019-20 underground: from for ofproduction augmentation New Initiative andfuture programme: iv) iii) ii) i) Projects/Schemes:Capital approval ofCILBoardduring year the 2019-20: Details ofProjects Approval &Recommendation ofEmpowered Sub-Committee ofCILBoardfor seeking Introduction ofmassproduction technology ContinuousMiner (CM):Thefollowing mineshave beenidentified for ofCM: introduction offormulation/approval. underprocess are Reports Project (SiduliMixed, UG) were UGandParasea-Belbaid approvedOut of23,three Reports Tilaboni Project more andfive MoC/CIL’s was directive. submitted Report 2018 inJanuary, andthe samewas accepted by CoalIndiaLimited. ofM/s.ISM,SCCLandPWC. Thisisasperthefor by ofenhancementproduction study Consortium Technological up-gradation and Modernization ofexisting UGmines:23nos.ofMineswere undertaken Name ofMine/Project Name Project ofthe Total: 17 nos. 4nos.(Nabakajora-MadhabpurOthers: UG,Narainkuri UG,Bankola NKJwhich underrecast) are Khandra R-VI, OCP, East Chitra SiduliMix, Nakrakonda –Kumardih BOCP, UG) UGandParasea–Belbaid Tilaboni - OCP, Khottadih -CM,Kumardih-B CM,Mohanpur Expansion,New OC,Sonepur-Bazari CombinedOCP, Expansion/Revision/Foreclosure 12 ofProjects: Khottadih Expansion Report, CombinedProject nos.(Jhanjra OCP) 1no.(Hura-C No. ofNew (Greenfield): Project EASTERN COALFIELDS LIMITED Capacity OC: 0.80 UG: 1.32 UG: 1.63 OC: 1.20 (MTY) 5.00 0.60 2.07 1.59 1.86 1.02 Nominal Capacity- 5.0MTY Nominal Capacity- Peak Capacity- 5.80MTY Peak Capacity- Capacity (MTY) Equipment Hiring -1210.12Equipment Hiring Equipment Hiring -636.27Equipment Hiring Risk-Gain -984.11 -483.65 Equipment Hiring Equipment Hiring -826.42 Equipment Hiring -916.62Equipment Hiring Equipment Hiring -535.18Equipment Hiring Equipment Hiring -117.90Equipment Hiring Risk-Gain -127.17 Estimated in Capital 2.07 1.59 ₹ Cr. Investment ( Approved Capital on 18.03.2020. Same was by recommended ESCofCILBoard byrecommended on16.01.2020. ECLBoard (October, Report Project 2019) was new plan. guidelineofMineclosure for isunderrecast incorporating Report Project on 18.03.2020. Same was by recommended ESCofCILBoard byrecommended on16.01.2020. ECLBoard (November, Report Project 2019) was Project Report was approved Report Project inJuly, 2019. 2019. was approved Report Project inFebruary, Project Report was approved Report Project inMay, 2018. SHCM (one no.) is under process ofapproval.SHCM (oneno.)isunderprocess Tender Committee Recommendations for One LHCMcommissionedinDecember, 2019. Commissioning isexpected in2020-21. 1210.12 826.42 483.65 ₹ Cr) Status 18.03.2020 18.03.2020 09.05.2019 Approval Date of 3.12 3.13 2. 4. 3. 1. Sl.No. Sl. No. 2. 3. 1.

c. 2019-20: Status ofachievement respect ofwith to major milestone activitiesofOn-goingprojects for year the Status ofachievement ofMOUTarget for year the 2019-20: ₹ ₹ ₹ ₹ Sanctioned Capital: Sanctioned Capital: 3.00MTY,(Capacity: OCP Hura-C Sanctioned Capital: Sanctioned Capital: 3.50MTY,(Capacity: CombinedUG Jhanjra Sanctioned Capital: &UG:1.63 MTY MTY OC:1.20(Capacity: Siduli OC&UG Sanctioned Capital: Sanctioned Capital: 8.00MTY,(Capacity: Combined OCP Sonepur-Bazari iii) ii) Foreign collaboration/Technology Absorption-Adaptation andinnovation: i) CAPEX ( Coal Production year completed the during / running contracts total value ofCAPEX overrun/ cost to the year without time / completed during running / projects of CAPEX contracts Percentages ofvalue 602.86 Crore) 535.18 Crore) 359.69 Crore) 1055.05 Crore) Name ofProject Performance and 2019-20 continuously. coal1.45 Seamproducing Longwall ofPowered R-VI PanelSuccessful run atJhanjra Support MT2018-19 Mine site inMarch, 2020.Commissioningofsameisexpected in2020-21. agency M/s.CMATL-SXTD-CMML hasbeendoneon14.09.2018. (China)consortium Equipment at arrived with ofoneno.ContinuousMineratKhottadih agreement Introduction the UGMine:SigningofContract 2019-20been commissionedduring by with M/s.Joy M/s.JMSMiningPvt.Ltd.incollaboration GlobalUK. ofoneno.LowIntroduction HeightContinuousMiner(LHCM)atKumardih-B UGMine:1set ofLHCMhas Criteria Details ofMoSPImonitored On-goingProjects ofcosting more than ₹ inCrore) District fororder MUVfor LHCM Issue ofsupply/purchase Ha tenancy land Possession/purchase of15 LOA ofCHP for construction Approval ofTCR andissue of village) of Sonepur PAFs Shifting (Part Rehabilitation phase-III -150 Unit inMeasurement Million Tonne ₹ Milestones Crore EASTERN COALFIELDS LIMITED % Target for year the Timeline for March, 2020 March, 2020 March, 2020 March, 2020 completion 1100.00 53.50 100 Village site. of 12 nos.PAP’s ofSonepur giveninstallment to shifting paid to 745 PAFs. 4 of specification ofMUV.of specification Action isbeing taken for review Under process Under process 3 PAFsdifferent isinprogress. ofhouses byConstruction ₹ rd 150 Crore installment hasbeen installment Status ofachievement Achievement Not Achieved 894.68 50.401 Annual Report 2019-20Annual Report th / final /final 45

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 46 Annual Report 2019-20Annual Report 5.1 5.0 4.0 3.15 Monitoring Project ofImplementationisgiven &status inAnnexure -III. 3.14 Total LOCO Export Steel (Blend) CPP (Steel) Others Colly. Cons. Defence Sponge Iron CPP (ORS) Cement Power No. Sl. 4. 2. 6. 5. 1. 7. UG Kumardih-B CM Combined UGP Jhanjra Expansion OCP Sonepur-Bazari Name of Project Expansion OC Khottadih OC East Chitra OC Hura-C satisfaction of92%.Sector-wisesatisfaction demandandoff-take the during year 2019-20 to compared 2018-19 isasfollows: Actual off-take ofcoalin2019-20 was 49.316 milliontonne against the demandof53.50milliontonne i.e.demand Demand vis-a-visoff-take: COAL MARKETING: (ANNEXURE-IV). Report ofthe Director’s Management’s ispresented DiscussionandAnalysis inaseparatepart Report sectionforming MANAGEMENT’S DISCUSSIONANDANALYSIS REPORT: Other MajorOther activitiesduring 2019-20: Sector Commissioning of1 tenancy land Possession of20Ha Railway siding ofnewconstruction Issue ofWork for order ofCHP Construction Possession ofland80Ha Para) (417Para) nos.) ofPAFsShifting (Bouri (For 124.28 Ha ofland) Stage IIFC Ha) FC-II offorest land(260 land Possession of tenancy LHCM Activities/Milestones Demand 53.500 45.885 0.490 0.472 5.763 0.100 0.180 0.610 EASTERN COALFIELDS LIMITED - - - - Off-take 2019-20 Actual 49.316 45.334 0.368 0.282 0.296 2.778 0.001 0.076 st 0.181 set - - - December, 2020 % Satisfaction December, 2019 Target for the January, 2020 January, March, 2020 March, 2020 March, 2020 May, 2019 July, 2019 25 Ha year 101 92 75 48 60 49 99 76 - - - - So far PossessedSo far 10.84 2019-20. Haduring in December, 2020. November, 2020.Commissioningisexpected and mechanical work willbecompleted in Work Civil construction Electrical isinprogress. siding to M/s.RITESissuedon08.01.2020. Work ofnew for order construction Railway Possessed 2019-20. 25.42Haduring 11.12.2019. 10.07.2019. FC Stage II granted by MoEF& CC, GoIon on 21.05.2019. FC Stage-II has been issued by MoEF& CC, GoI Land possessed38.69Ha. PAFs isinprogress. Para Bouri 324 PAFs ofbalance Shifting hasbeenshifted. Commissioning of1 Demand 51.000 43.505 0.490 4.995 0.700 0.082 0.200 1.028 - - - - Off-take 2018-19 Achievement Actual 50.407 46.886 0.302 0.003 0.286 0.046 0.381 2.319 0.184 st (Figures inMillionTonne)(Figures set LHCMdoneon - - - % Satisfaction 108 99 62 46 56 92 37 41 - - - - ( 5.6 5.2 5.5 5.4 5.3 Sales Realization Total Rajmahal S.P. Mines / Raniganj Total Merry-Go-Round(MGR) Road Rail Mugma/Salanpur Adra Rajmahal (Wharf Wall)Rajmahal (Wharf Pirpainti Total Grand Total Total Road e-auction Forward Total Road Rail Spot auction ‘e’ Mode Sales Realisation: Field-wise averageField-wise loadingofwagons for the year 2019-20 to compared previous year isasfollows: Average loadingofWagons perday: Spot ‘e’ auctionforward e-auction: Stock ofVendable Coalason31 Mode-wise despatch ofcoalin2019-20 to compared previous year isasfollows: Mode-wise despatch: Field Particulars Despatched Qty (in lakhtonne) Mode ofdespatch 50.893 25.595 25.298 25.595 17.171 8.127 Field notified price 2019-20 Target 1637 ( 1106 348 171 Gain over ₹ 12 incrore) 193.951 - 135.740 547.820 193.951 741.771 412.080 st March 2020isasfollows: EASTERN COALFIELDS LIMITED 2019-20 17009.20 2019-20 %age Gain 45.972 24.547 66.531 24.547 73.871 51.115 Actual 1442 984 163 281 14 - Loading ofwagons 2019-20 Despatched Qty (inlakh (Figures inMillionTonnes) (Figures tonne) 35.388 24.804 10.584 10.584 18.170 As on31.03.2020 6.634 49.135 32.980 13.620 2.535 Target 1498 1032 262 193 11 - 33.359 16.890 2018-19 11.862 notified price 2.990 1.617 ( ₹ Gain over 2018-19 incrore) 598.690 504.100 913.100 314.410 314.410 (Figures inLakhTonnes)(Figures 18527.72 2018-19 2018-19 94.590 (Figures inBox/Day)(Figures Annual Report 2019-20Annual Report 1472 1030 289 139 Actual 14 50.224 34.171 13.644 2.409 - 96.244 74.469 ₹ 44.526 80.761 96.244 85.224 %age inCrore) Gain 47

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 48 Annual Report 2019-20Annual Report 6.1 6.0 6.2 Dragline Dumper Shovel Dozer Drill Dozer Shovel Dumper Dragline Drill Equipment Population ofEquipment ason31 POPULATION OFEQUIPMENT(HEMM): 2019-20 compared to previous year isasfollows: Percentage availability andutilisation ofeach typeofequipment against CMPDILnorms during year the CMPDIL Norms 70 80 85 78 67 2019-20 Percentage Availability Equipment 82.92 75.71 85.51 77.52 81.16 EASTERN COALFIELDS LIMITED 2018-19 75.20 80.26 85.08 80.30 89.32 st March, 2020compared to 31 CHP atRajmahal Area over last year Variation -4.55 -6.40 2.32 0.43 0.86 CMPDIL Norms 50 73 45 40 58 st March, 2019: 31.03.2020 2019-20 Percentage Utilisation 44.40 34.54 18.98 21.56 77.22 225 50 81 No. ofEquipment ason 61 1 2018-19 33.09 20.36 46.48 82.21 21.62 31.03.2019 Variation over last year 262 52 84 57 1 -4.99 -0.06 -2.08 -1.38 1.45 6.5 6.4 6.3 Gourangdi Bonjemehari North Searsole North Barmuri Shankarpur Project Utilization of equipment suffered mainlyUtilization ofequipment because: suffered availability ofthe equipment. 2019-20.during willbecommissionedin2020-21. dumpers Therest Thesenew willhelp inimproving dumpers the Outofthese, 10 dumpers. havesurveyed off and4nos.of60Tdumpers nos.of35Tdumpers beencommissioned actionhasbeentakenProcurement for 18 and13 nos.of60Tdumpers against unreliable nos.of35Tdumpers beingtakenplanning are experience basedonpast andlife ofthe components. the lead-time between indentingandreceipt isapproximately ofspares 1.5 years. However, advance parts spare Assuch receipt oforders. bymaintained onlyafter beingmanufactured/arranged theare OEM.Thespares present lessandalsothe OEMhasalsochanged,1 no.inSCCL).Sincethe the populationisvery stock isnot ofspares being Worldwide available populationofthis isonly6/7nos.InIndia2nos.are typeofDragline (i.e.1no.inECLand Remedial actiontaken to achieve CMPDILnorms: the becausethey havedumpers have beensurveyed off covered their life both inyears andhours. availability ofdumper islessthan year last dueto ageing ofthe equipment. 15 nos.of35Tand240T outofpinionteethand frequentworn motor-2. ofhoist cover andgrid Grid were broken. ofDrag-1 Thepercentage year Thepercentage sameperiod. availability was ofDragline lessdueto andarmature ofpinionbearing failure the 2019-20. period Thepercentage availability ofShovel, to were incomparison alsomore DozerandDrill the last The percentage availability ofHEMMlike Shovel, Dumper, during were than more DozerandDrill CMPDILnorms Availability mainly ofequipment because: suffered closed from 7 closed from ofequipmentBegunia, which from transfer was after OCPisininitialstage inGourangdi The production coal-face. coal-face. exposure of coaldue to accumulationof water in Less only coal is departmental. OB is outsourced, completed their life both interms ofyears andhours. becausethey havedumpers have beensurveyedoff and 1 no. of 40T 6 nos. of 35T dumpers dumpers, Out of11 and2nos.of40T nos.of35Tdumpers one dumper can ply. Limited for working haulroad only space,narrow 3. Difficult miningconditions. 3. Difficult 2. Marshy surface. face. 1. galleries,fiery Underground land acquisition. due to imposition ofSec.22by of DGMS.Problem Reasons oflessUtilisation. th August, 2019 to 10 EASTERN COALFIELDS LIMITED CHP atRajmahal Area th October, 2019 GPM pumps Dewatering isbeingdonethrough 2nos.of500 during January-2020 to March-2020. January-2020 during were commissioned 7 nos.of35Tdumpers under approval at CILBoard. and presently Board approved by Subsidiary BCCL toof miningleasefrom ECL.Already Recently actionhasbeentaken for transfer sprinkler andchemical tosprinkler the suppress fire. Regularly spraying water through 28KLwater done. Landacquisition isunderprogress. been oflandhasalready survey Demographic Remedial actiontaken Annual Report 2019-20Annual Report 49

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 50 Annual Report 2019-20Annual Report 6.6 7.1 7.0 Rajmahal Sonepur Bazari Khottadih Chitra Dumper Gopinathpur II. I. Sl. No. Shovel Dozer Equipment

Project New/Replacement equipment provided to OCPin2019-20 isasunder: P ENERGY CONSERVATION: ower andFuel Consumption: c. Cost of Generation c. Cost b. Unit generated perLtr. ofDieselOil a. Generated Units OWN GENERATION (Through DGSets) c. Rate/Unit (Average) d. Specific Consumption (Approx.) ofElectricity d. Specific b. Total amountpaidto the supplyagencies (Approx.) a. PurchasedUnits PURCHASED ELECTRICITY ordered in2019-20 equipment’s andalsolandacquisitionequipment’s problem. Due to concentrated working place,crowding of Dragline operators. Dragline operator.Dragline At thereonly3nos.of present are of isalsoshortage There head linesofsixfeeders. of dumping yard dueto ofover- delay inshifting inlead ofdumping spaceandincrease Dearth acquisition problem. length of mine - less working due to area land strike of HEMM in a confined villagers. Operation Land acquisitiondueto problem by resistance life both inyears andhours). dueto outlived equipment (coveredsurveyed off its havenos. of35Tand1no.40Tdumpers been lesscapacityutilization.9 resulting high gradient mine isrestricted causing deepening ofthe and face expansion the horizontal II forest clearance, ofthe Dueto longpendingstage- ofleadandlift. increase ofthe mine,there is As working portion indeepest The mineisclosed. Nos. ofHEMM 60T-18 35T-13 5 7 Reasons oflessUtilisation. EASTERN COALFIELDS LIMITED Particulars commissioned in Supplied and 2019-20 35T-10 60T-4 5 6 Jambad-1, Shankarpur-1, Chitra-1 North Searsole-7,North Baramuri-3 Baramuri-1, Khottadih-1 Sonepur-1, Khottadih-1, Sonepur-3, Rajmahal-1, Land has been partially acquired. Land hasbeenpartially and are nowand are beingtrained. Trainee have Operators Dragline beeninducted be completed inthe month ofJune,2020.New andwill inprogress isstill The jobofshifting blasting, hence production issuffered. henceproduction blasting, interruption by and operation villagers during threesince last months. Butthere isrepeated started land hasbeenacquiredandproduction since March-2019. negotiation, 6Hectare After The top edge movement iscompletely stopped commissioning. in March,2020and1dumper isunder have4 nos.of60Tdumpers beencommissioned - KWH/Ltr. Lakh KWH KWH/Cum ₹ ₹ ₹ M.KWH /KWH /KWH incrore Chitra-4 Project Unit Remedial actiontaken 2019-20 599.60 824.97 14.86 8.23 7.27 8.10 7.17 commissioned in Likely to be 2020-21 2018-19 14 3 0 1 846.30 611.07 14.99 6.98 8.83 7.63 7.22 7.4 7.2 7.3 7.6 7.5 SDL Road Header Continuous Miner LHD Equipment III. Sl. No. Longwall

The detail with Machineries isgiven ofUnderground productivity below: Underground Performance: Machinery financial savings of financial consumption ofParbelia to hasreduced 43.41% inFY 2019-20 to ascompared FY2018-19. Thishasresulted a network. ECLispaying WBSEDCLonlyfor the employees enrolled ofECLaspermeter Total reading. energy through ascheme launched by State Govt., loadthrough alldomestic ECLnetworkto hasbeenshifted WBSEDCL Steps have also been taken towards load. At industrial segregation of load domestic from , Area in FY2018-19 by i.e.reduced 213.36 L.KWH(2.52%). 5.41%. consumption Energy to ofECLhasbeenreduced 8249.70 L.KWHinFY2019-20 that from of8463.04 L.KWH (both for CAPEX –qualified mode@ hasbeencommunicated.the ofsuccessfulbidders list ECLhascommunicated with the selected bidders Customercost. has tobidder’s pay per unit tocost the bidder.) The tenderby SECI andhas been finalized supply,RESCO mode(design,engineering, commissioning,testing installation, andO&Mfor 25years at supply,engineering, commissioning,testing installation, andO&Mfor oron 5years cost) atcustomer’s asked the from bidderfor implementationofRoof Top SolarPower Planteither onCAPEX mode(design, includes 1.571 MWRoof Top SolarPlantofECL.Asperthis RFStender ofSECI,separate quotation is SECI hadfloated RFStender for of97.5 installation MWRoof Top SolarPower Plantthroughout India.This Installation of1.571 MWRoof Top Solar: Rebate to hasbeenincreased averagehas reduced consumption energy ofthose the pointsand reduced demand. Net Power Gainfrom Factor power factor and demandhigherthan demand.Average the contract power factor of ECL isnow 0.95. This indeed mines.Capacitor haveunderground rating banks atunitshaving andinstalled beenprocured both ofdifferent –low 2019-20During through improvement ofpower ECLhadfocused conservation onenergy factor ofits inmost Energy Conservation &Audit: allocated capacityofthe SuccessfulBidders. execute for agreement execution top ofroof SolarPlantinCAPEX/ and RESCO modeasperresponse b. a. Major achievements during 2019-20: at Shyamsundarpur andKenda handled1.00 MTofcoal. As on31 Performance ofCHPs: c. %Utilisation Demand b. Contract a. Average demandofpower DEMAND OFPOWER Total Power to ofECLhasreduced Cost by 2.52%. ConsumptionEnergy to of ECL has reduced 8249.70 L. kWh in FY: 2019-20 8463.04 from L. kWh i.e. reduction reduction byreduction 1.877%. st March2020,the two Major andRajmahal CHPs atSonepurBazari handled15.60 MTandtwo MiniCHPs ₹ 3.25 Crore. 3.25Crore. Particulars ₹ 11.36 inFY2019-20 Crore that from of On Roll 244 40 2 6 1 EASTERN COALFIELDS LIMITED ₹ 26,000/kWpandRESCO [email protected]/kWp)ofZone3andshall ₹ 599.60 Crore inFY: 599.60Crore 2019-20 from 2019-20 Productivity (TPD) 5133 1361 333 109 62 % MVA MVA ₹ 10.77 inFY2018-19 Crore by i.e.increased Unit On Roll 254 40 5 1 2 ₹ 611.07 inFY: Crore 2018-19 i.e. 2019-20 2018-19 185.50 162.35 87.52 Productivity (TPD) Annual Report 2019-20Annual Report 4430 1354 458 88 56 2018-19 183.22 172.34 94.06 51

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 52 Annual Report 2019-20Annual Report 8.1 No Sl. 1. 2 3 4 6 5 f) ii)Amountsanctioned( f) i)CILScholarship g) iii)Amountsanctioned( d) i)No. ofSchool sanctionedAd-hoc grant c) ii) Amount of Non-Recurring Grant–in-aid ( c) ii)AmountofNon-Recurring Grant–in-aid -in-aid c) i)No. ofSchools Non-Recurring Grant receiving e) No. ofSchool Busesengaged Games & Sports amountspent( Games &Sports Social & Cultural activities,amountspent( Social &Cultural g) ii)No. ofwards ofWBEsanctioned g) i)CILscheme forto assistance Financial extend the Tuition Fees &Hostel Charges ofthe wards ofWage Board b) ii) Amount of Recurring Grant–in-aid ( b) ii)AmountofRecurring Grant–in-aid b) i)No. ofSchools Recurring Grant–in-aid receiving a) DAV School Educational Facilities d) ii) Amount of ad-hoc grant sanctioned( d) ii)Amountofad-hocgrant Canteen b) Primary ConsumerCo-operative Stores b) Primary a) Co-operative Societies Credit Co -Operative Societies in the ofECL premises Banking Facilities functioning –No. ofBankBranches d) Loan&Investment to Co-operative Societies ( Co-operative c) Central h. g. f. e. d. WELFARE AMENITIES: c. Lakh) No. of Scholarship &cashawardedNo. ofScholarship Chair-lift typeMan-RidingSystemChair-lift Kunustoria. Colliery, hasbeensuccessfullycommissionedatBansra implementation. with room control liveestablishing andapproved feed hasbeenprepared of andisunderprocess cameras To ofCCTV acommonNITfor Areas, procurement atdifferent avoid specification non-uniform by ofLHDhasincreased Productivity 20%. by ofSDLhasincreased Productivity 12%. byMechanized hasincreased Production 2.54 lakhTe. in FY: 2018-19 by i.e.increase 5.41%. Net Power Gainfrom Factor Rebate to hasincreased Employee inthe studying Selected &Govt. Engineering MedicalColleges. ITEM ₹ ₹ inLakh) EASTERN COALFIELDS LIMITED inLakh) ₹ in Lakhs) ₹ inLakh) ₹ ₹ inLakh) inLakh) ₹ inLakh) ₹ in ₹ Position ason 11.36 inFY: Crore 2019-20 that from of Cumulative 31.03.2019 5878.13 595.43 268.97 194.65 312.04 18968 69.60 63.80 87.14 388 156 162 711 79 82 30 27 74 6 4 Achievement 2019-20 During 315.88 39.99 52.93 11.02 0.00 3.32 435 74 0 0 0 0 0 0 0 0 0 0 0 0 Position ason 31.03.2020 Cumulative ₹ 6194.01 635.42 279.99 312.04 247.58 10.77 Crore 19403 69.60 63.80 90.46 785 388 156 162 79 82 30 27 74 6 4 8.5 8.4 8.3 8.2 c. b. Vijay Diwas, Pongal, Lohri, Bihu,Makar World Sankranti, CancerDay, World Radio Day etc. were celebrated. Day,Fathers’ MunshiPremchand Jayanti, Purnima, Guru Photography contest, Nanak Jayanti, Guru Work KindnessDay, the year Poila Baisakh, Rabindra Jayanti, Mother’sDay, World Anti-Terrorism Day, World Environment Day, Id-ul-Fittar, wholesome manneroverall inthe Company for andECLhasbeenrecognized this initiative throughout CoalIndia.During environment. hasreached to MissionIndradhanush and Unitsthe which allAreas hasimpacted monotonous ina office a senseofbelongingnesstowards the Company environment arefreshing atthe creating work placewhich overcomes andinterests.talents employee TheMissionhassuccessfullyincreased engagement, happinessindex anddeveloped Many employees inthe events participated ofmusic,songs,dance,poetry, paintingsetc. inthe field showcasing their home away home to from ouremployees andefficiency. inproductivity inincrease resulting by various festivals celebrating and days and tocountry give of National and International importance a feeling of with theMission INDRADHANUSHwas ofthe aimto regions started assimilate andheritage culture of different Activities underMissionINDRADHANUSH: e. d. c. b. a. Thefollowing project. and easeoutthe initiatives brownfield were undertaken underthis mission: solveras a problem and solution provider which will ultimately facilitate for smoothprojects upcoming of Greenfield Mission SAMBANDH was launched by the company to reach out to all the stakeholders and the community at large Activities underMissionSAMBANDH: b. a. Major achievements during 2019-20: c. a. WelfareOther initiatives: taken up installation of CCTV cameras in its Project Schools. initsProject Totaltaken cameras ofCCTV upinstallation To ofHRDandCBSE,ECLhas overall ensure safety to inaccordance students, ofgirl Ministry guidelinefrom of CCTV cameras inDAV, cameras of CCTV Pandaveswar and DAV, Area Area. Jhanjra students (wardstudents ofemployees) were awarded amountingto Assistance &Financial Scholarship andsuccessfullyimplemented. Assistance” and Financial for CILScholarship Totalan “OnlinePortal 509 ofGoI.ECLasanew area initiative isanationalpriority underMissionSAMBANDH India’ ‘Digital hasdeveloped with relationship reflected unions. incordial anddirectly overwhelming timeorganized itsWelfareSAMBANDH, meeting Board localtourist atoutstation hasfirst place.Response is GoIto appealfrom withIn accordance inspirational localtourism, boost ECL,asanew initiative underMission Subsequently, itwas thoroughly checked were paidto them, andthe thus the differences resolving grievance. workersthe contractual the grievance hadraised that they against minimumwages. were beingunderpaid underMissionSAMBANDH theDuring programme with workers the contractual conducted atKunustoria Area, on30.7.2019.members Kunustoria to organized Area aprogramme reach the employees, Workers Contractor’s andtheir family awareness amongthe members. family attended was ADrama presented the Program. by employees for safety Project creating of3&4unitJhanjra hadorganized Area aFamily on14.06.2019Jhanjra counselingProgram atParijat 55families Club.About organized by rally Anti-Drug AsansolDurgapur Police Commisionerate. On 26.06.2019 Director (Personnel) ECL,CEOSAIL alongwith in CommissionerofPolice, ADPCparticipated and localpeople.Themonth of May-2019 health asmental awareness month. was observed On 23.05.2019, Sanctoria ofECLorganized Hospital anawareness onMENTAL program HEALTH for employees The company hadorganized CILInter Company Football Tournaments 08 from at ECL Head Quarter toat ECLHeadQuarter promote area. the the inandaround talents coalfield Promotion Associationhasdecidedto afootball with establish ECL inconsultation CoalIndiaSports academy events activities. andalsopromotedtypes ofsports sports Company BodyBuildingTournament 2019-20 heldatWCL. Thecompany gave to assistance various financial India Limited. Thecompany hasawarded to scholarship amountingto 435students 2019-20, from Assistance’ andFinancial for CILScholarship ECL haslaunched ‘OnlinePortal timeinCoal first been given to 74 amountingto students year 2019-20.financial Further, ofTuition (reimbursement assistance financial Fees andHostel Charges) has Inter Company Badminton Tournaments 30 from EASTERN COALFIELDS LIMITED ₹ 52,93,969.00 in the financial year 52,93,969.00inthe 2019-20. financial th January to 1 January st February, 2020.ECLwon February, 8medalsatCILInter ₹ 30,00,000.00was assignedfor installation th to 14 to th January, 2019 January, andCIL ₹ 11,02,380.00 inthe Annual Report 2019-20Annual Report ₹ 63,96,349.00. 53

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 54 Annual Report 2019-20Annual Report 9.2 9.1 -No. ofbeneficiaries -No. ofCamps Health welfare &family program outside No. ofpatientsreferred -No. ofbeneficiaries -No. ofCamps coveredVillagers by mobileDispensaries Lohri, Pongal, Bihu,Makar Sankranti Celebration Awareness campaign during World Cancer Day covered by MobileDispensary: No. ofpersons referred to outsidefor treatment &expenditure incurred for treatment their andVillagers to the employees and their dependants.110 inthese hospitals. Nos. ofAmbulanceswere inservice with Hospitals 7Area total Hospitals, 2 Central bedcapacityof822and112 extended Dispensaries medicalservices MEDICAL AMENITIES: Photography Competition topic- onthe MYECLPRIDE. EASTERN COALFIELDS LIMITED Particulars 2019-20 83,082 15,461 2,856 3,666 286 2018-19 62,756 17,546 2,828 1519 397 10.1 CMD, ECLinteracting patientsatCentral with Hospital IME of Contractual WorkersIME ofContractual IME ofCompany Workers WorkersPME ofContractual PME ofCompany Workers against separate section forming part of the Director’s Report (ANNEXURE-V). ofthe Report Director’s separate part sectionforming SocialResponsibility onCorporate to pursuant Report Section135(2) ofCompanies Act, 2013 ispresented ina CORPORATE SOCIALRESPONSIBILITY: The company anamountof incurred ₹ 56.92 crore incurred during last financial year. financial last during incurred 56.92crore Drinking water arrangement for school children under CSRofECL Particulars ₹ 51.99 outsidethe company onaccountofmedicalreferral crore as hospital EASTERN COALFIELDS LIMITED CMD, ECLawarding children Day during Earth Celebration atECLHQ 2019-20 11,647 436 737 801 Annual Report 2019-20Annual Report 2018-19 9,550 1,254 922 657 55

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 56 Annual Report 2019-20Annual Report 10.5 10.3 10.2 11.1 10.6 10.4 No. Sl. 6. 5. 4. 3. 2. 1. 7. of existing development with establishment constructional for modelcanteen atS.P. amountingto MinesArea amounting to at DAV alongwith ofsixnumberclassrooms corridor The work ofconstruction School underPandaveswar Area Community Building: 53.07 Lakhhave beencompleted. of Total ofECLunderDecentHousingProgram. areas hasbeencompleted quarters residential indifferent expenditure isbeingtakenquarters the up.During year 2019-20, oftotal andup-gradation thorough repairing 6102 nos.of For improvement of oflivingconditionsthe of the andup-gradation residents colonies,thorough repairing Residential BuildingunderDecentHousing Program: building, water supplyandother welfare activitiesetc. description isasunder: Brief been attended andrailway roads for the structure, sidings,residential development industrial ofinfrastructure, development ofthe areas mines.Inaddition,lots ofpeople/communitieslivinginthe surrounding ofactivitieshave LimitedSince inception, Easternhastaken Coalfields upvarious activitiesfor the welfare ofitsworkers aswell as SOCIAL AMENITIES: a. of someworks isasbelow: dispatched mainlyby the andrailways. modeofroads ECLhastaken steps proper inthis Detailed regard. description Coalisbeing andefficiently. Dispatch ofcoalisonethe activitiesofECLanditisbeing doneeffectively prime INFRASTRUCTURE DEVELOPMENT: water demandofthe ofECLcoloniesandalsonearby residents villagers. at Bankola (01), Mugma(02),Salanpur (01), Rajmahal (01) (02)andSatgram Thetreated Area. water caters drinking Osmosis BasedWater Treatment planteach having perhourwere andcommissioned capacityof5000litre installed housesaswellresidential asto the peopleofnearby communities.Inthe year 2019-20, total 07 nos.sets ofReverse ECL hasalways given specialattention for the improvement ofpotable water supplyto the occupantsofour Water Supply: Lakh have beencompleted. The work of construction of substation under Sonepur Bazari Project amounting to Project under Sonepur Bazari of substation The work of construction Building: Service near V.N. Colony have atSonepurBazari been completed. C-Type (in3blocks) Quarters nearV.N. Colony and development Area underSonepurBazari work for new colony mosquito net indoorandwindow isbeingdonealongwith Theworks thorough repairing. 36units ofconstruction oftilesintoilets,by of sink, fixing marbleslabandexhaust of bathroom andkitchen, inkitchen, fan fixing fixing Manderboni Colliery underManderboni South Samla(A)Mine.(Length -3000metre) Manderboni Colliery Strengthening DBRoad to from ofPuccaroad nearMaingate 5/6Pitof ofManderboniColliery C-Type underKhottadih OCP, Quarters Pandaveswar (Length Area. -1320 metre) Strengthening andblack topping Khottadih ofcoaldispatch from road OCPweigh Bridge to stop of Khottadih Colliery underPandaveswar (Length –950metre)stop ofKhottadih Colliery for Coaltransportation. ofblack gate ofLotahniasthan top crossing Construction S. S. Sidingrail from bus road to entry Amritnagar Group ofMinesKunustoriaAmritnagar Group (Length Area –1800 metre) ofBlack toppedConstruction Badambagan to from more road OC Patch Naryankuri under Siding Entrance toSiding Entrance 7&9SandBunker Chora underKenda ECL.(Length Area –1800 metre) to More from road BahulaSiding andfrom Strengthening ofcoaltransportation crusher atBahulaSidingunderKendacrusher ECL.(Length Area, 342metre) ofloadingSuperintendent to bottom ramp the from ofnew ofPCCroad office Construction More, Jhanjra Area. (Length Area. -810 Jhanjra More, metre) Strengthening gate and widening of coal 3&4 dispatchIncline entrance from road to Kalipur ₹ 107.34 haveinthe crore year underDecentHousingProgram 2019-20. beenincurred ofquarters Up-gradation Some of the major coal transportation road works road Roads- Someofthe major completed coaltransportation the during year 2019-20 asunder: are ₹ 106.10 Lakhandmajor renovation ClubatKenda ofShatabdi complex Area amountingto EASTERN COALFIELDS LIMITED Name ofWork ₹ 127.24 Lakh and major renovation Value ofWork (in ₹ Lakh) 159.81 115.11 ₹ 68.43 82.04 89.93 96.65 87.90 61.29 ₹

12.1 12.0 vii) Serious /3LakhMan-shifts vii) Serious /MillionTonne Injury vi) Serious Output v) Fatality/3 LakhMan-shifts iv) Fatality/Million Tonne output iii) Serious Injuries (Nos.) Injuries iii) Serious ii) Fatalities (Nos.) i) Fatal Accidents (Nos.) Sl. No. Sl. No. Sl. No. 6. 5. 4. 3. 2. 2. 3. 2. 1. 1. 1. 7. (*subjectto with reconciliation DGMS) b. c. d. Accident Statistics for year the of2019-20: the year 2019-20. goal to achieve Harm’. ‘Zero To improve several the safety pursued during ECLhasvigorously measures standards, isgiven priority In ECL,highest towards safety, with process production a ofcore which to isconsidered beapart ANDRESCUE: SAFETY under Rajmahal Area. ofcementconcreteConstruction atDakaita mainroad Rehab Site (Naya Bhorai) to 110 Site rehab Simra ofRajmahal atBara Area of concreteConstruction 1 to from road branch 4, 4 to12, 111 to 115 and 106 atJambadOCPunderKajora ofdiversion road Construction Area at Rajmahal Area. Lalghutuato from ofPCCmainroad Construction LohandiaPanchayat Bhawan site underKhottadih OCP, . rehabilitation Para ofoneMedicalhealth atBauri Centre andconstruction Para Sangho), Two oneatNechee nos.ofICDScentre andother Para oneatUpper Nechee Two Para, noofClubsoneatUpper other Para atNechee (Tapsali Para of Community hall (2 nos.) one at Upper and Para Construction other one at Pandaveswar ECL Area, coilofS.S.Sidingunder wall with concertina ofRCCConstruction Boundary wall alongBahulaSidingunderKenda ofRCCConstruction ECL. Area, boundary under . wall (length 1165 ofRCCConstruction boundary Railway metre) atBansra Siding machinery near2 machinery of RCCConstruction pavement for storage of assembly and handling of heavy Combined OCPinTurn Key Basis. plant for treatment Sonepur Bazari of IntegratedConstruction effluent CombinedOCPinTurnSonepur Bazari Key Basis. ofsewageConstruction plantandsewer treatment network for Colony R.N. of retain earth at Hura ‘C’ atHura retain earth to road of retaining wall/guardConstruction wall on side of coal transportation during theduring year 2019-20 asfollows: are Railway siding infrastructure: Some of the major developmentrailway siding infrastructure works completed as workshop. Major works completed the during year 2019-20 asunder: are Environmental Measures: Action hasbeentaken plantfor treatment coloniesaswell upfor setting ofEffluent 20 are asunder: 20 are Mine related infrastructure works: works Someminerelated infrastructure completed the during year 2019- nd inclineunderKhottadih Pandaveswar Colliery, Area. Particulars Name ofWork Name ofWork Name ofWork EASTERN COALFIELDS LIMITED Work ordervalue (in 2019-20* Work ordervalue (in Work ordervalue (in 0.396 0.447 0.158 0.178 20 08 08 Annual Report 2019-20Annual Report 2018-19* 0.450 0.099 0.418 0.107 05 05 21 ₹ ₹ ₹ 362.30 268.32 139.56 196.55 126.44 144.21 lakh) 167.69 lakh) lakh) 50.65 50.86 62.24 69.41 61.69 57

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 58 Annual Report 2019-20Annual Report 12.3 12.2 Jhanjra Underground Mines visitby Independent h) g) f) e) d) c) b) a) Major achievements during 2019-20: g) f) e) d) c) b) a) Safety Awareness Activities: h) were completed by 2020. 100% January, ofviolations were complied against atotal no.of 424 contraventions. Inter Safety Area auditofallthe mineshave beencompleted inSeptember, 2019 andcompliance to itscontraventions Safety Management Planofall the mineshave and submitted beenprepared atDGMS. ofallthe study 27Scientific Mines have OpenCast beenmade. centers to generate awareness tool. andasatraining atVT screened specific in minesofECLwhich regularly are to among itssubsidiaries basedonthe animated accident those recent prepare took film theECL remained place first milestone towardis asignificant improvement ofsafety. mounted Machines. Universal 137 Drilling nos.ofsuch machines have beenprovided atthe minesofECL.This has been totally manualdrilling and arduous eliminated by purpose providing for roof-drilling crawler Difficult became seven (07). systemMan-riding intwo has beeninstalled mines.Thetotal numberofmineswith system manriding now Self-Rescue3,006 nos.ofSelf-Contained devices (SCSR)have andprovided beenprocured to the mines. andsafety ofminers. illuminationhenceimprovemore efficiency to alloldcaplamps by replace technologically safe LEDcaplamps. 60%lighter TheLEDcaplamps are andgive typecaplamps ofthe company companyLead-acid battery by willbereplaced LEDcaplamps. ECListhe first placed for another 15,000 nos.which willbeavailable of2020-21 quarter by the first andwith that allheavy 10650 nos.oflightweight LEDCapLamps have andprovided beenprocured to the hasbeen UGmines.Order ILO day for safety andhealth atwork was celebrated on28 minewas evaluatedof every with aspecialfocus towards improvement in‘HouseKeeping’. 2020atallthe minesofthe company ofsafety status wherein Safety Week inJanuary-February, was observed rootgrass level work persons. Safety atallwork hasbeenintroduced sites, talk includingthose work locationsby atunderground concerned executives ofCILaswell aseminentMiningpersonalities. Safety related workshops were organized at all the of ECL, which areas was attended by SIMTARS trained Several Safety Drives (12 subjects)were conducted nos.specific asperannualcalendar. and PostersBanners related to urge and enhancementofsafety have beendisplayed at allconspicuous places. awareness ofsafety localities. andhealth atminesandsurrounding Road March, Mobile campaigning, Family counseling etc. have to areas generate been conducted in different Mock rehearsals on different anticipated the minesduring year. have hazards ondifferent beenorganized indifferent Mock rehearsals Directors EASTERN COALFIELDS LIMITED Plantation beingdonebyPlantation IndependentDirectors at th April, 2019. April, Jhanjra 12.4 12.6 12.5 No. 18. 10. 15. 14. 16. 13. 12. 11. 17. Sl. 4. 3. 9. 2. 8. 6. 5. 1. 7. a) Workers inSafety: participation m) l) k) j) i) Safety trainings during imparted year the 2019-20: Thunder/Shower. over Telephone Forecast Report’ ‘Weather obtaining &FAX the to by Areas beaffected heavy for alerting Rain/ Alipur,Meteorological Department, Kolkata andthe Director, Cyclone Area Warning Alipur, Centre, Kolkata for floodwaterdams release to with Closeliaisonisalsomaintained ofHFLrivers. the causerise Director, Indian with the ChiefEngineer(Hydel),DVC, for getting ‘FloodWarning Message’ whenever andMaithon their movement keeping closeliaisonwith Rooms Control Closeliaison ismaintained Area inall Areas. operating 10.06.2019 to 15.10.2019 on24X7 basis, which was manned by executives provided with telephone &vehicle for the during yearhad beenmonitored 2019-20. interval atregular Room AControl openedatHeadQuarter, ECLfrom Management ofimplementation andstatus alongwith /In-charge the Colliery ofsafety ofAreas department Officers Special drive to inrespect hadbeendoneinthe monsoonpreparedness month 2020by ofFebruary, the Nodal Monsoon Monitoring: c) b) Safe operation andmaintenanceSafe operation ofSDL/LHD andmaintenanceSafe operation ofStowing Safety for workers and productivity face Structured training for supervisors frontline training Structured Safety for Min./E&M/Excv. Engineering Supervisors Pit safety committee meeting for supervisors Pit safety committee meeting for workers Coaching for 2 Safety awareness for accidentprevention Over-man course refresher Refresher for MiningSirdars Safety for support personnel Safety for support Coaching for Mining Sirdarship Examination Coaching for MiningSirdarship Orientation course for Workman course Orientation Inspectors Two for supervisors frontline training week structured Coaching for Elect.Supervisor Coaching for Surveyorship Coaching for 1 59 Resuscitation (CPR)hasbeenprocured. One CPRManikinwith Monitor/Light IndicationforPulmonary Cardio by the the basisduring year. onregular ofNearMissIncidentshasstarted Areas Reporting the were nine(09)nos.ofsafety issuedduring year.Based onISOenquiries circulars/recommendations toestablishments check the safety, employees. andhealth security ofthe contractors’ &March,2020forOCPscontractual alloutsourced Special safety drive was organized inFebruary discuss onthe safety ofthe status mines. ISO executive ofECL,HQhave made512 the minesofECLduring year and to observe inspectionsatdifferent Representative workers ofcontractors’ have beenincludedinthe Safety Committee ofthe mines. inspected year. allthe the minesonceduring financial Company level unions, along with ISOexecutives trade the representing operating Safety Members, Board have held on8 th Corporate level Corporate Tripartite Safety Meeting, Board the highest-level meeting onsafety ofthe company was th November, 2019. st nd ClassExamination ClassExamination Type/ Title oftraining EASTERN COALFIELDS LIMITED programs No. of 2 2 2 3 3 2 1 1 1 2 1 1 3 2 2 1 1 1 participants Total No. of 28 29 32 32 06 40 32 09 63 52 27 18 24 10 18 13 19 8 Annual Report 2019-20Annual Report Institute Dhadka MTS, MTI, 59

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 60 Annual Report 2019-20Annual Report 12.10 12.9 12.8 12.7 12.11 No. ofEmergencies attended No. ofRefresher imparted practices trained freshly No. ofpersonnel No. ofactive personnel trained rescue Sl. No. 3. 2. 1. Mines: During year the Emergency Attended following heatinginthe dealtfor fire/spontaneous /Rescue Services Zonal MinesRescue Competition, Eastern Zone,for the year 2019-20 was heldon17 Zonal MinesRescue Competition andAllIndiaMinesRescue Competition (Coal&Metal) Refresher atMinesRescue aswell were asunder: imparted Station asinitialtraining regularly Rescue Training: (Coal &Metal) was heldatMinesRescue Station, Brajrajnagar, 19 ofM/s.MCLfrom Area Orient Mugma. Station, , Rescue Room with Refresher Training (RRRT), Kenda andRescue Rooms atJhanjra, operating of IISCO aswell asto CivilAdministration andPublicAuthorities through (asandwhenrequired) MinesRescue have to beenrendered The Rescue ofECL,Chunch ofBCCL,Ramnagar Victoria allcollieries Area Services Colliery inECL: Rescue Services Budget Provision for MinesRescue Station: in sixth position. Two inthat teams competition ECLalsotook inFAB, from andwon First andECLwas part overall inStatutory First 2019. Total 23nos.ofRescue Teams inthe CoalandMetal saidcompetition. companies took part different from which 10 (Ten) ofECLtook areas part. teams Nos. rescue different from MIC Jhanjra Madhusudanpur 7Pit Millennium Incline Fire Safety Drill atRajmahal Area Expenditure Particulars Sanctioned Colliery EASTERN COALFIELDS LIMITED Bankola Jhanjra Area Details 2019-20 103.50 28.46 Capital BudgetCapital ( 15.08.2019 to 15.08.2019 23.07.2019 to 31.07.2019 25.12.2019 to 27.12.2019 Date ₹ inLakh) 2018-19 176.58 511.68 Dealing with heating spontaneous Dealing with heating spontaneous Shifting ofisolationstopping Shifting

50 Mock Safety Drill th AllIndiaMinesRescue Competition Nature ofoccurrence/job Revenue Budget ( 2,502.26 2,394.90 2019-20 th 2019-20 and18 4730 523 03 30 th th to 22 October, 2019 in ₹ inLakh) 2,051.30 2018-19 2,016.19 nd 2018-19 November, 4988 544 09 59 14.1 14.0 13.1 13.0 13.2 12.12 Weighment %underEPS Quantity Weighed underEPS Quantity Dispatched No. Sl. 3. 2. 1. Quantity SizedinCHP/FB (L/T) Department during 2019-2020 during Department to cover-up ofthe the spectrum functioning ofthe entire company. Moreover, a ofECLwere Areas/Units conducted by the inspectionsindifferent Vigilance numberofsurprise A significant Preventive Vigilance: andmonitoring Department. ofthe Vigilance ofECLby areas supervision regular different cases, ithasendedas“System Improvement”. I.T. Modern initiatives ande-governance have beenimplemented in intensive examinations have covering outto alsobeencarried check various departments lapses,ifany andinsome Numerous cases, itendedinawarding andinnumerous seriously penaltyto the very delinquentconsidered officials. functioning ofcompany, intention committed with several were mala-fide purposefully ofirregularities/lapses, instances systems have beenimplemented. Moreover, to inaccountability, clarity more bring ofthe andrationality transparency have beenpointed out.To numberofimprovements asignificant ofthe combatthose prevailing lapses/irregularities, ofECL throughouthas beenconducted the year by various andasaresult lapses/irregularities Department the Vigilance into year inlast consideration to develop faith amongvarious stakeholders ofECL.Various complaint-based investigation ‘Transparent and Rational’ image ofthe functioningofthe organisation. Several boldandinnovative ideas have beentaken management activitiesthroughout the Vigilance functioninECL.Numerous year have got to the role the prime reflect wingofthe ofthe companyVigilance to assists transparency, ensure andefficiency accountability non-discrimination, ACTIVITIES:VIGILANCE below: In 2019-20, quantity weighed inEPSfor suppliesaccountPower Houses&others to compared year last isgiven Weighment Status: QUALITY CONTROL details asunder: are 45.33 MillionTonne. 100% coalofsize100 crushed mmisbeingdispatched ECLto from the power utilities.The The total despatch ofcoalin2019-20 was 49.135 MillionTonne ofwhich the despatch to the power sector was Sizing Status Status ofachievement ofMOUTarget for year the 2019-20: over previous year rates (permilliontonne) % Reduction injury inSerious over previous year rates (permilliontonne)% Reduction inFatal injury recommendations ofSafetyrecommendations Audit, ifany. Safety Audit ofallmines&compliance of Sizing ofCoal Total sized% Details %age Performance Criteria Power 99.78 45.23 45.33 Power 45.33 100 100 EASTERN COALFIELDS LIMITED Consumers 2019-20 2019-20 Others Other Other 3.80 3.80 3.80 100 100 100 Measurement Unit in Date 49.03 99.79 49.13 49.13 Total Total % % 100 100 46.886 46.199 46.886 Power Power 98.53 Target for the 100 100 31.01.2020 year 5 5 (Figures in MillionTonne) (Figures inMillionTonne) Consumers Others 2018-19 2018-19 3.337 Other Other 3.337 3.337 100 100 100 Completed within Annual Report 2019-20Annual Report Achievement 31.01.2020 -41.18 25 50.224 49.536 50.224 Total 98.63 100 100 Total 61

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 62 Annual Report 2019-20Annual Report 14.4 14.3 14.2 Sl. No. Sl. No. iii. 5. 4. 3. 2. 1. ii. i. improvement andcapabilityofthe organization. oftransparency Following initiatives have towards beenundertaken by leveraging Department the Vigilance technology for Leveraging Technology: various penalties. punitiveand exemplary taken measures underthe relevant ConductRule. total Asaresult 15 and dealt with seriously firm intention committed with were very mala-fide considered purposefully of irregularities To aswell establish asto image the maintain andtransparent fair ofthe functioningofthe organization the instances Punitive Vigilance: f) e) d) c) b) a) Measures taken for Systemic improvement: of ‘Preventive Vigilance’. Such sincere effort hasbeenreflected remarkablyof ‘Preventive onthe workofthe culture Organization. Vigilance’. Such effort sincere implemented to improve the existing system andatthe sametimeto plugthe lapsesofthe existing system asapart have “System thoroughly beenstudied andwhenever Improvement” different necessary, have measures been among various stakeholders In majority of cases, prevailing covering number of beneficiaries. systems a significant large awareness–cum-motivational numberofVigilance hasbeenorganized throughout the programmes year Wide Area Networking Area Wide (WAN) Weigh Bridge Status RFID based Boom Barriers &Readers RFID basedBoomBarriers Electronic Surveillance by CCTV Surveillance Electronic GPS/GPRS basedVehicle Tracking System e) Motor Cyclathon Rally d) Awareness Sabhas Gram Intensive examination c) Seminar/Workshop with External orInternal faculties Quiz Competitions, etc. b) Competitions: Essay /Debate /Painting /Nukkad / Programmes Natak /Cultural Number of Surprise check/Inspection conductedNumber ofSurprise alongwith Periodical Check a) Awareness with internal faculties programmes Vigilance awareness cummotivational programmes: System improvement ofdetails posting regarding onaward onECLwebsite. oftenders/contracts System improvement ofhighvalue in procurement items andinventory control. System improvement of NIT&BOQ ofany preparation regarding work contract. System ofECL. areas improvement indifferent for functioningofdispensaries moneyearnest related to civilworks. System improvement ofabridged processing/publishing regarding notice, ofNIT& calculationof circulation undersectionofclause6.5.3 ofCILPurchase Manual. indicating banning/delisting System improvement suggestion regarding to includeword “PutonHoliday” orother similarexpressions IT Initiative EASTERN COALFIELDS LIMITED Subject Link established in146Link established Locations Installation Completed.Installation Road -104 &Rail -12. Installed (mechanical part): 51 (mechanicalInstalled part): nos. Number of CCTV Camera atCoalheapsis326. Camera Number ofCCTV at111 installed of CoalHeaps,CCTV nos.ofCoalheaps.Total 1287 in ECL. Out of 113 installed cameras nos. of CCTV Nos. vehicle isgoingon. andinHQ.Tracking areas inallfourteen isoperational room of 1479 GPSdevices have inavailable beenfitted Coaltrucks. Control Remarks officials were awarded officials 2019-20 02 09 02 40 77 18 01 2018-19 08 03 23 58 18 01 01 14.6 14.5 Sl. No. 10. 13. 12. 14. 11. 9. 8. 6. 7. organized. On31.10.19, aceremony to reverently Vallabbhai Sardar remember Patel on the occasion ofhis144 was administered the allacross company. Various such asNukkad programs Natak, Motor Cyclathon etc. was Awareness Vigilance Week AwayCommission. Thetheme was ofobserving “Integrity- oflife”. Integrity Pledge AwarenessECL celebrated Vigilance Week 28.10.2019 from to 02.11.2019 asperdirectives Vigilance ofCentral Observance ofVigilance Awareness Week: Integrity Pact beenimplemented hasalready inECLanditisvogue. Implementation ofIntegrity Pact Programme: the Awareness the publicregarding Vigilance Week 2019 andits theme. Awarenessin Vigilance Week 2019, Callertuneofthe CUGnos.ofECLwas set 21.10.2019 from to inorder sensitize strategic pointsinECLHQandallthe were /unitsestablishments organized. areas To larger ensure participation shown. and posters the with slogansDuring weeklong banners anti-corruption were celebrations, displayed at ofananimation moviescreening 15 ofaround minutes system was ofBilltracking doneinwhich the benefits was dissemination ofawareness Panchayats inGram On02.11.2019 ofcorruption. sensitizingcitizens on the ill effects was organized. On01.11.2019, anniversary birth Awareness Sabhawas for Area Gram organized atSonepurBazari Reverse Auction Auto Refund ofEMD Biometric Attendance WAN) Inter Network Area Connectivity(LAN/ Geo Fencing ofMineBoundaries 6. e-Swasthya 5. Environment 4. Road andRail sales(Koyla Seva) Grahak 3. OnlineGrievance (NIDAN) 2. Swachha Vidyalaya 1. BillTracking System Mobile Apps: Online Leave Management System CoalNet Application 3D TLS IT Initiative EASTERN COALFIELDS LIMITED Implemented for estimated Value Contract than ofmore Implemented Payroll linked data with Biometric Attendance for company ofECLconnectedAll Area with HQandKolkata SalesOffice. Implemented ofECL. inallAreas Implemented Implemented for executives inallAreas. VVIP Reference: Implemented inECLHQ. areas. compliant Tax Invoices beinggenerated are CoalNet from inall Rail sales Module Implemented Road in all areas. Sales GST areas. for Rajmahal isgoingon.Executive payroll implemented inall to implement Non-ExecutivePorting Data Area. payroll in CoalNet Non-executive payroll implemented except inallAreas Rajmahal HQ. SystemPersonal Information (PIS) has been implemented in ECL implemented inallAreas. sheet ofECL.Cost all areas/units sub-moduleinFAS hasbeen AccountingFinancial System (FAS) hasbeenimplemented in basedsystem. inoldOracle OMMS isrunning implemented stores inallArea except Rajmahal InRajmahal, Area. Online Material Management System (OMMS) has been Installed atRajmahalInstalled andSonepurBazari. employees. Remarks Annual Report 2019-20Annual Report ₹ 1Crore. th

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FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 64 Annual Report 2019-20Annual Report 16.0 15.0 14.7 14.8 Vigilance Awareness Week was atECLfrom observed the ofthe ofKNUand the students competition winners were awarded. Two issues of‘JYOTSNA’ (Company’s at Kazi University, Nazrul Asansol on10.01.2020 andanessay competition writing was alsoconducted amongst in which the poets of allIndialevel were invited. HindiDay” aseminarwas Onthe occasionof“World organised theDuring year, 22workshops were organized. AkhilBharatiya HindiKavi Sammelanwas organized on07.12.2019 Hindi Pakhwara was organized1 from Govt. ofIndiaiscontinuing. ofHomeAffairs, Language to Ministry Official regarding Progressive Report Quarterly in computers sothat the couldbeaccelerated. ofsendingonline growth Thepractice inHindicorrespondence andemployees to were trained work inHindi ofeachand thus department madeableto work inHindi.Theofficers Region ‘B’and56.62%inRegion ‘C’. Allthe computers ofHQ,aswell have asAreas beenactivated with Unicode 2019-20,During as57.15% the hasbeenrecorded percentage ofHindicorrespondence inRegion ‘A’, 87.50% in OFFICIAL LANGUAGE IMPLEMENTATION: and Remuneration ofManagerial Personnel) Rules, 2014 underChapter XIIIofthe Companies Act, 2013. None ofthe employees inexcess received remuneration underRule oflimitsprescribed 5ofCompanies (Appointment PARTICULARS OFEMPLOYEES: e) d) c) b) a) Major achievements during 2019-20: Hindi Pakhwara, the provisions OL implementation wereregarding displayed through display in HQ premises. boards competitions were organized for Hindi speaking and Non-Hindi speaking employees separately. On the occasion of almost allthealmost ofECL. areas etc. were detailed. the 23awareness were during Around year arrange programmes underMissionJATAYU covering Awareness, Finance relatedGeneral matters CaseStudies, Management, andSurvey andprecautions, Contract Stores Civil Justice, Engineering, & Natural & Procurement, Inquiry Guidelines on various topics, Departmental stakeholders Topics andirregularities. malpractices against to corruption, fight CVC Vigilance, such asGeneral “JATAYU” to inculcate T–Transparency; “FITE”(F-Fairness; I–Integrity; E–Equality) the amongst employees and Awareness alongwith several Programmes steps ECLunderMission were undertaken by department, Vigilance Activities underMissionJATAYU: An amountof Compliance ofCVC casesfor Investigation andMoCreferred have &Report beendonesignificantly. working environment. significantly. Besides, it hasresulted cuttingthroughcompetitive incost more biddingsandanoverall fair Leveraging ofseveral IT-initiatives aswell asefficiency inenhancingtransparency hasbeeninstrumental gain the aspenaltiesfrom defaulters. of large quantum ofmonetary Regular monitoring has helped to check over-reporting and also in severalof production for proposals recovery Thishasbeenreflected remarkablyprogrammes. andproductivity. inproduction ofemployees boosting morale andother stakeholders by interactions regular inawareness-cum motivation By integrating management vigilanceactivitieswith normal functioning,the company hasgained interms of 28.10.2019 to 02.11.2019 ₹ 1,98,61,692.63 recovered/saved inspectionsandCTEinspection. ofvarious asaresult surprise EASTERN COALFIELDS LIMITED st September to 14 Cyclathon organized during Vigilance Awareness week th September, 2019 inHQaswell alsoinvarious asAreas 17.2 17.1 17.0 PIS Module Sales Module(Rail &Road) Material Management Finance COMPUTERISATION &I.T. ENABLED SERVICES: CoalNet Module members. and SecondPosition ofNarakas ofPresident 48teams amongst for inquiz competition its organized by Office and its 06 issues havepublished regularly the under review. been published during period Team ECL won the First was SalanpurofECL.ECL DARPAN publishedfrom Area (Bimonthly bulletin, Bilingual-HindiandBengali) hasbeen home magazine) the were publishedduring year. this, from ayearly HindiMagazine named‘URJA SHROT’ Apart a. Special Achievements: e. d. c. b. a. Activities ofe-Tendering CellinECL: CoalNet: CoalNet application software has been implemented in Central Server atECL-HQ. hasbeen implementedCoalNet: Server CoalNet inCentral applicationsoftware of 113 days in2019-20. Minimumcycle ofcompletion period oftender through e-Tendering is11 portal days. Average cycle ofcompletion period oftender through e-Tendering atanaverage hasbeenmaintained portal HQ. andworkshops areas including ofdifferent (DSC)were for arranged 98officers Certificates Signature Digital were conducted. withInteraction 47 programme Nodal Officers/Staff to involvedtools processes pertaining ine-Tendering. In-house & remote to software were imparted modern areas/workshops training/assistance using different of finalization. nic.in outofwhich atotal of2117 stages 288were atdifferent cancelledandthe are tenders rest were finalized, 2019-20,During atotal of3959tenders were publishedonCILe-Tendering i.e.https://coalindiatenders. portal Akhil Bharatiya HindiKavi Sammelanwas organized by ECLon07.12.2019 Implemented atECLHQ. centrally Implemented andWeighbridges. in allArea Implemented Stores in allArea, andWorkshops except Rajmahal Store. Area Rescue Kalla. Hospital, Station and Central Implemented Stores, in allArea, Workshops andother like establishments Mines EASTERN COALFIELDS LIMITED Implementation Status Annual Report 2019-20Annual Report 65

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 66 Annual Report 2019-20Annual Report 19.1 19.0 18.0 17.3 e-Awas Portal e-Awas System Information Contract New Addition Module inFinance Payroll Non- Executive Payroll Executive Direct Purchase ofTenancyDirect land Total Transfer ofForest Land Transfer ofGovt. Land CBA Act Act Act/ RFCTLARR L.A. Name ofWeb BasedPortal CoalNet Module were taken the upunderMissionSUMITduring year: integration Technology with ofMining&Allied process Information through SUMIT. aproject Thefollowing works oldconventional technologiesSince very were allthe beingusedinalmost mines,assuch, aneedwas felt for Mission SUMIThasbeeninitiated which aimsfor Systematic Technology. ofMining&Information Up-gradation b. Status of land acquisition/possession under different modesfor the yearStatus 2019-20 oflandacquisition/possession underdifferent isasunder: Status ofLandAcquisition: ACQUISITION INFORMATIONLAND &LAND STATUS: Mines Rescue Station. Network Area additional Wide connections have been made to weighbridges, road weighbridges, rail workshops and provided Mines mines. are Open Cast communication system.functional within 36underground VHFradio 11 new respectively. minecommunicationby ofUnderground Up-gradation Auto-cum-manual dialcommunicationsystem is with Bandwidth of 55 MBPS and 4 MBPS locations. Lease Internet offices, at HQ and all Area in operation Lines are Workshops &other Workshops (Bandwidth-2 Hospitals (Bandwidth-2 MBPS)oftotal MBPS)andCentral 146 (Bandwidth-10 MBPS),Weighbridges Stores &Area (Bandwidth-2 MBPS),Central (Bandwidth-2 MBPS),Regional (Bandwidth-10 HQ(Bandwidth-100MPLS across spread cloudare offices MBPS),Kolkata MBPS),Area Salesoffice toIn order keep pace with advancement technology, of communication and information Network Area Wide in ELECTRONICS &TELECOMMUNICATION: 3. 2. 1. Activities underMissionSUMIT:

Web Based Portal Development:Web BasedPortal purpose also. purpose locateddispatch willautomatically successfully&itsdata atECLHQfor cometo billing Server central been completed recently. in50Road hasbeenincorporated weighbridges Thissoftware engaged inRoad Posting Road from weighbridges engaged inFY2019-2020 dispatch inroad was started &the samehas Automatic Posting Data from Road weighbridges: ofImplementationAutomatic Process Data submitted balanceasperCPRMSE/CPRMSNE bills&remaining ECL e-Swasthya App:Details about existing in ECL. Retired medical facilities employees can check their upload inthe app.Latitude,longitude,date &timeofthe photo isalsocaptured asmetadata. out inthe company. &HQ,cancapture inAreas photographs &then Usingthis AppCSRActivities nodalofficers ECL CSRPhoto Appfor App:Android capturing &then uploadingphotographs ofvarious CSRactivitiescarried Mode ofAcquisition in a fixed format provided format in afixed by department. Vigilance by various &department areas details /work order uploadedonthis are Contracts portal this portal. More than More have 20,000Photographs ofquarters beenuploaded. this portal. beingmonitored inECLare through ofQuarters Maintenance &occupancyreporting EASTERN COALFIELDS LIMITED Implemented except ofECLincludingPieceRated inallAreas Salary Rajmahal Area. Implemented ofECL. inallAreas 2. 1.

Medical referral moduleisintegratedMedical referral to Finance. Budget System Control for andRevenue Capital Budget. Implementation Status Description Acquired (inHa) 179.77 124.28 52.60 2.89 - - Possession (inHa) 166.60 111.11 52.60 2.89 - - 19.3 19.2 19.4 Sonepur Bazari Amarkonda-Murgadangal S.P. Mines Chichro Patsimal Including North Brahmini Pandaveswar Brahmini Central Brahmini Rajmahal Brahmini South Brahmini Total Sodepur Salanpur Name ofArea Land Area (Acre) Number ofPAFs whoreceived Resettlement the during year 2019-20:- benefits Progress underCBA (A&D)Act, 1957: over possessionoflandto ECLisasfollows: Chief Minister, on5 Jharkhand received the from by State produced the State Government. Asperthe report status Authorities inthe meeting of Government and Gochar land on lease of 30 years OCP.East for Chitra Handover of the said land has not been S.P.Chitra, Mines,137.02 deposited ECLhasalready acres: demandedamountfor of 137.02 transfer of acres Jharkhand: Mouza (Kajora ispendingfor Area) approval State from Government. of Kunustoria Transfer Area. of2.81 Acre landatKenda Mouza(Kenda and21.04 Area) Acre landatParascole The State Government hasapproved of7.14 transfer Acre ofGovt.year, landincurrent which relates to Mouza Egara West Bengal: Transfer ofGovernment Land: Status ofRehabilitation: Name of Project 33.44 64.64 13.50 19.22 6.22 Monetary Compensation in Monetary Jharkhand Jharkhand Jharkhand Jharkhand District/ Lieu ofEmployment , Dumka, Dumka, Dumka, State February, 2020. February, approval videletter forProcessed departmental Ref. No. 397 &399dated 18th Unrecognized land DC, Deoghar said Gram Sabhawould landDC,DeogharsaidGram beheldon15thUnrecognized March,2020. for re-examination. returned of6.22acres Proposal 2020 January, approval videletter forProcessed departmental Ref. No. 171 &179 dated 22nd handed over till31.03.2020. Approved by Cabinet videletter Ref. No. 4123 dated 30.10.2019, butpossessionnot th March, 2020 regarding processing of proposals by ofproposals processing March,2020regarding the State Authorities for handing 74 35 39 - - - - 1305.248 3731.985 1703.137 (in HA) 767.77 EASTERN COALFIELDS LIMITED Area Application 22.02.2019 09.05.2019 29.05.2019 29.05.2019 Monetary Compensation Monetary Date of in LieuofPlot 184 149 35 - - - - India videS.O.No. 495dated 28th March,2019. u/s4(i)publishedin theNotification Gazette of India videS.O.No. 918 dated June,2019. 3rd u/s4(i)publishedin theNotification Gazette of India videS.O.No. 1257 dated 16th July, 2019. u/s4(i)publishedin theNotification Gazette of India videS.O.No. 1256 dated 8th July, 2019. u/s4(i)publishedin theNotification Gazette of Status Plot Given Status ------Annual Report 2019-20Annual Report Actual PAFs Shifted 535 324 211 - - - - 67

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 68 Annual Report 2019-20Annual Report 19.5 20.0 19.6 types of Security set-up:types ofSecurity isto protect Department The aimofSecurity menandmaterials ofthe company. Company ishaving 04(four) Ministry ofCoal: Ministry Approvals from Obtained Central/State Government: level ofthe State. Finally, inameeting heldon26 was dealtatvarious levels ofState Authorities ofWest Bengal. Many meetings aswell were heldatDistrict asHQ Long pending issues like of A1 land in favour recording of privateand mutation of ECL and transfer Debottar lands State Government: mining, illegal trafficking ofcoalandillegal coaldepots andalsodeployed strike/gherao during mining, illegal trafficking inthe colliery/Area. Sripur, Kunustoria, Pandaveswar, They Area. Kalidaspur onmobiledutyto andSatgram remain against illegal conductraids CISF isdeployed for dutyatRajmahal, static S.P. SonepurBazari, Mines. Besidesthey having are camps atMugma, Salanpur, CISF: deployed are personnel Security The Contractual alongwith to ECLsecurity augmentthe arrangements. security Contractual Security: the timeofstrike/gherao/demonstration/hunger strike andany typeoflawinECLArea. problem andorder handed over to the localPolice Station andFIRislodged accordingly. alsodeployed are personnel ECL Security during Police, ofcoalalongwith seizure accordingly involved trucks/vehicles Thesameis ofmiscreants. andapprehension conducted, are andintelligenceThe raids as perinformation gathering, CISF alongwith by local personnel, ourSecurity Railway Rakes, Trucks/Dumpers Tipping CoalDepot/Siding from to railway Weighbridges tillthe weighment is done. by ofVIPsasandwhenrequired ofLoaded the Management.Depots/Sidings, Coloniesandescorting Escorting Explosive Magazines, isto Coal The main duty ofECL Security the i.e.Stores, guard company’s Offices, property ECL Security: 4. 3. 2. 1. MANAGEMENT:SECURITY 4. 3. 2. 1. Major achievements during 2019-20: the matterpersuading solution. for early directivesWest were issuedwhich to are Bengal, befollowed certain atlower levels ofState hierarchy. ECLisnow

b. c. a. Home Guard Security Contractual CISF ECL Security of‘Registrar ofAssurance’, Kolkata.as inthe office aswell Vol goingonatthose ofsearchingisstill offices Theoperation (III)ofsaidbooklet isunderpreparation. searching have beenpublishedintwo volumes (namedasBooklet ofdeedsVol I&II) andcirculated inallAreas. landsofECL.Results outdocumentsregarding for ofsaid Bankura finding Districts Bardhaman, andPurulia Paschim ofPurbaBardhaman, outinDSRandADSRoffices Searching ofLandRecords hasbeencarried employment etc. Thisislikely to beimplemented through NICWest Bengal. of land foracquisition/possession/compensation proposals processing payment/ of online platform creation ECL hastaken keeping upaninitiative for record real-time for launching web-based software and oflandrecords andthe hasbeenprepared sameisunderscrutiny procedure by operating SOP: Astandard ASCI,Hyderabad. landrelated Districts. and resolving issuesinconcerned having LandCellconstituted minesfor District addressing ECLiscurrently itsrunning inthewhere 7districts obtained on21obtained Approval for for Proposal developing mouza on the47.83 site rehabilitation and Surmari at Hiukita Acres PAFs on16 obtained Approval for developing the site rehabilitation & in Dumaria 34.05 Acres inDakaita Mouzaacquired underCBA Act, 1957 on2 obtained Approval Families forAffected of Mouza Taljhari forof Project Proposal rehabilitation on the land measuring st October, 2019. EASTERN COALFIELDS LIMITED th /19 th th August, 2019. - 170 persons. - 1500 Persons - 862persons. - 2071 persons. th February, 2020 chaired by the Principal Secretary andLRC of 2020chaired by February, the Secretary Principal Rabiadih Santhali Mouza on 27.266 Ha. land for nd / 3 rd January, 2020. January, Steps taken to check/prevent ofcoal: ofcoal/theft illegal the mining/transportation Steps taken for revamping ofsecurity atECL: 170 deployed are HomeGuards alongwith inMugma,S.P. ECLSecurity MinesandRajmahal Area. Home Guard: d. c. b. a. f. e. d. c. b. a. illegal miningandcoaltheft. andBirbhum ofWestPurulia level Bengal andcombinedDistrict meeting withAuthorities ofJharkhand) District to curb Meeting with State Authorities ofWest BengalState andJharkhand level andDistrict meeting (Burdwan, Bankura, with involved vehicles and subsequently of miscreants handing over and apprehension them to the local Police Station. checks/raidsSurprise by CISF, ofcoalalong along with ECLSecurity Police ofillegal andseizure coal/illegal trafficking sometime contractually. and up/sealingthe pay illegal coalminingsites loaders/dozers by andsubsidedareas departmental Dozing off/filling Intelligence collection. were promoted grades 1048 the during year. indifferent personnel numberofsecurity And all649 Trainee were Guards regularized. Security Police. ofJharkhand 649 Trainee underthe supervision atIRB,Jamtara Basictraining were Guards imparted Security Police Station. different A mechanism to collectthe localPolice seizedcoalfrom Stations hasbeendevised. ECLhasreceived seizedcoalfrom Bio-Metric attendance system inECLHQ isinstalled. Siding. haveAgencies and other been machinescontacted like for of CCTV installation at Railway RFID and Boom Barrier ECL outofwhich 210 CISF, have ofHomeAffairs. beenapproved by Ministry Requisition has been sent to exclusively of 700 are CISF personnel CISF HQ. These persons for Explosive Magazine of Induction Training ofSecurity Guards atECLHQ EASTERN COALFIELDS LIMITED Annual Report 2019-20Annual Report 69

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 70 Annual Report 2019-20Annual Report 20.1 Technological intervention for prevention ofcoal: oftheft Seizure ofIllegal MinedCoalby ECLSecurity, CISFandLocalPolice Seizure ofCoalfrom Illegal Trafficking d. c. b. a. k. j. i. h. g. f. e. 2019-20 2019-20 2018-19 2018-19

Year GPS enabled VTMS system is fitted in Coal transportation vehicle for live system ofvehicle tracking inCoaltransportation isfitted GPS enabledVTMS ateach installed railway are cameras sidingandother andsupervision. sensitiveCCTV locationsfor surveillance GPS basedvehicle monitoring system atallthe introduced isastep Areas ofcoal. to curbtheft identityundisclosed. complainant’s KHANAN PRAHARIApp.launched to any facilitate incidenceofillegal commonpeopleto miningkeeping report the coalloadedrake escorts Sidingto from personnel Security RailwayArmed weighbridges. ofchecks/raids, theDuring course they andFIRslodged miscreants seizedcoal,apprehended to localPolice Stations. checks/raids conductedECL Security surprise alongwith CISFpersonnel/Private to Security ofcoal. prevent theft steps ofthe for speedytrial casependinginthe Court. of Asansol toDiscussion has also takebeen made with Public Prosecutor and Session Court in lower Court necessary ECLhasengagedFor lawyer logical conclusionofthe caseswhich pendinginCourt, are to follow upthese cases. regularly.to sites the affected meetings andaccordingly heldatCommandant,CISFoffice are Frequent alongwith inspectionby CISFofficials Team Area Officer Security Officer,Area Survey ofGM,Area consisting to stop ofthe re-opening dozedillegal miningspots. Police StationsThe concerned advisedby are Authority District orSub-DivisionalAuthority to their increase vigilcheck detecting illegal miningactivities. byhas beenintroduced weekly by andManagers inspectionofleaseholdareas Managers,for Agents, General Area A dedicated to andillegal forcehasbeenformed mining.System task tackle the issuesofcoaltheft improvement security personnel andLocalPolice: Details ofSeizure ofIllegal Trafficking coalandIllegal MinedCoalby CISF, ECLSecurity, DGRsponsored the menaceofillegal coalminingandpilferage ofcoal. 1765 sites were dozed/sealedto curbthe illegal coalmining. TheState Administration isactively involved to curb local Police also deployed are atthe dozing points within leasehold theand outside the During year, leasehold areas. upofthe illegal miningsites the alongwith ECLsecurity CISFand ofdozingoff/sealing/filling theDuring course Trucks the above coalstock coal. either were illegal carrying from miningsites orillegal trafficking/illegal givenThe data above premises. isthe madeby seizure alongwith CISF&ECLSecurity Police, outsidethe colliery Variation Total Total Jharkhand West Bengal Variation Total Jharkhand West Bengal Total State EASTERN COALFIELDS LIMITED No. ofRaids 1268 1772 1927 -673 659 242 224 155 915 18 Coal seized (Tonne) 20552.34 15948.62 13675.06 4603.72 6877.28 1451.63 1397.54 1414.65 -36.98 17.11 Vehicles Seized -20 -12 65 53 06 27 07 07 47 - Apprehended Person 03 03 03 30 25 28 03 -2 - - Lodged FIRs 359 228 242 248 224 310 -49 82 18 -6 21.1 21.0 20.2 20.4 20.3 No ofPersonsApprehended Property recovered (in Property No. ofPerson Apprehended No. ofVehicle Seized Qnty. CoalSeized(inMetric Ton) No. ofFIR No. ofRaids Property Stolen (in Property No. ofFIRs/Info. No. ofIncidents No. ofPerson Apprehended No. ofVehicle Seized Qnty. CoalSeized(inMetric Ton) No. ofFIR No. ofRaids Sl. No. 6. 5. 4. 3. 2. 1. 7. Opencast Patches awarded in2019-20 through Hiring ofHEMM of310.08figure L.Te. ofcoal andOBremoval of1015.14 OCpatches. 33outsourcing L.Cumfrom and a of growth0.48% in coal production of 14.53%patches with a shortfall in OB removal against previous year’s In 2019-20, company 309.93L.Te. produced 1162.70 ofcoalandraised OC 33outsourcing L.CumofOBfrom OUTSOURCING OCPATCHES: Seizure ofIllegal Trafficking Coal: Theft/Recovery ofother materials: Seizure from Illegal MiningSites: Quarry 2-B of Sonepur Bazari Area 2-BofSonepur Bazari Quarry PatchDragline Area ofSonepurBazari Hura COCPatch,Hura Rajmahal Area Madhabpur Phase-IIOCPatch North Searsole Phase-IV, Searsole North Kunustoria Area Khottadih III&IVOCPatch, Pandaveswar Area Jambad OCPatch, Kajora Area ₹ ) Year Year Year ₹ ) Name ofPatch/Area Total EASTERN COALFIELDS LIMITED 30,63,022.10 4,61,392.50 2019-20 2019-20 2019-20 20,552.34 1414.65 1927 242 242 310 99 28 53 03 01 74 07 27,38,418.34 3,66,622.50 2018-19 2018-19 2018-19 15,948.62 1451.63 1772 359 248 915 117 30 65 27 08 76 (L. Te.) - Awarded quantity Coal 128.10 32.20 59.52 41.00 Variation (Increase/Decrease) Variation (Increase/Decrease) 5.25 Variation (Increase/Decrease) ------(L. Cum) OB 406.80 120.55 227.00 841.60 40.00 86.21 27.00 Annual Report 2019-20Annual Report 3,24,603.76 Awarded ( amount 94,770.00 ₹ inCr.) 4603.72 1619.82 896.66 280.74 238.15 116.09 -36.98 44.42 16.58 27.18 -673 155 -02 -49 -06 -20 -07 -18 -12 03 -2 71

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 72 Annual Report 2019-20Annual Report 21.3 22.0 21.2 Sl. No. Sl. No. 10. 3. 2. 1. 9. 8. 6. 5. 4. 3. 2. 1. 7.

Global Underground Contracts thereby paving the way for itslongterm success.” ofitsvarious stakeholders inbuildingconfidence professionalism andaccountability openness, fairness, init “As citizen, the agoodcorporate Company iscommitted to basedonconscience, practices, soundcorporate Governance philosophy hasbeen scripted asunder: andgrowth as well asenhancinginvestor theelement inimproving and accordingly Corporate efficiency confidence In ourCompany, Governance Corporate philosophy stems ourbeliefthat from Governance Corporate isakey strategy implementation. letter intrue ®ulations land, rules with andspirit aview to provide oversight andguidanceto management in The Company hasputinplaceasoundsystem ofinternal to control mitigate the risks and comply with the laws of ofallmaterial totimely andbalanceddisclosure information allthe stakeholders andprotection oftheir interest. meeting value, objectiveof operation, ofall itsstakeholders the ofenhancingshareholders aspirations with primary ECL iscommitted to achieving level highest oftransparency, inall areas andfairness opennessandaccountability end customers ofthe entity. corporate a creative, generative andpositive thinking activitythat addsvalue to the various stakeholders as that served are the management Board, andemployees to functiontowards the Itinvolves interest best ofshareholders. essentially values all amongst the and mutual of trust constituents organization. Governance Corporate that is a culture guides commitment that isbacked by infunctioning, value, transparency the beliefofmaximizingshareholders fundamental GovernanceCorporate that isaprocess aimsto andsocietal aspirations expectations. meet shareholders Itisa CORPORATE GOVERNANCE: underground mineswere during finalized Financial Year 2019-20: Transportation Contracts awarded in2019-20: Bankola Jhanjra Jhanjra Kunustoria Area) stock coal from crushed site to Rly. loading point at Bansra Siding under of Kunustoria ofby (Crushing includingtransportation mobilecrusher to Depot) (LoadingandTransportationSonepur Bazari of90LakhTe Face coalfrom Sonepur Bazari (8L.TeSonepur Bazari Depot to DalurbandSiding) CP Rly. Siding) Mugma (CoalLoading&Transportation OCPto Depots from ofBarmuri Crusher) Kenda (Transportation Area Shankarpur ofcoalfrom OCPto (Wagon Loading at Bonjhemahry Siding) Salanpur (Wagon Area LoadingatBonjhemahry Siding) Pandaveswar (Transport Area Khottadih ofcoalfrom UGStock to SS Jhanjra Area (Contractual Wagon (Contractual Area &IISiding) Jhanjra LoadingatPOCP-I Jhanjra Area (Transport Area Jhanjra 3&4Inclineto from POCPSiding) Jhanjra Area (Transport Area Jhanjra MICto from POCPSiding) Area for 6APPs Commissioning ofKumardih-B Low HeightContinuousMiner Extension for 5APPs CM-IIContract ofJhanjra Extension for 5APPs CM-IContract ofJhanjra Name ofArea andWork EASTERN COALFIELDS LIMITED : Name ofwork Following contracts/activities for massproduction technologies in Total Quantity (MT) Awarded Qty. (Lakh Te.) Awarded 2.6375 20.955 90.00 43.00 26.00 40.11 2.09 2.55 8.00 4.00 5.25 6.35 8.64 Contract Amount Awarded Amount ( 11365.82 ₹ ( ₹ inLakh) inCr.) 6028.72 1789.96 306.98 279.32 528.00 395.26 650.99 352.84 214.44 399.01 269.91 376.97 574.16 Date: 17/08/2020 Place: Sanctoria 23.0 v) iv) iii) ii) i) The following papers are annexed to Report: the for theirand consumers patronage to the company. Auditor ofIndia. Your General Directors alsowish to their thanks placesincere on record to the valued customers Auditors, Auditors, Secretarial Tax Auditor, Bankers, Registrar ofCompanies, West Bengal andComptroller and Your Directors acknowledge with thanks Auditors, the andguidancereceived assistance Statutory Cost from continue to strive to ofthe hard company improve inthe comingyears. the performance byrendered them inthe functioningofthe Company. that They the employees fullyconfident are ofallranks would for andto their co-operation the employees ofthe Company atalllevel for their anddedicated sincere services year towards ofthe attainment objectives ofthe company. Your Directors alsothank Trade allthe operating Unions for theirGovt. valuable throughout andCoalIndiaLimited the guidanceandco-operation ofJharkhand inparticular Your Directors express ofCoal,Govt. to their ofWest gratitude sincere Govt. ofIndiaingeneral, Bengal, Ministry ACKNOWLEDGEMENT: available onourwebsite-www.easterncoal.nic.in. (ANNEXURE-VIII) oftheThe annualreturn company year for 2019-20 financial to pursuant Section92ofthe Companies Act, 2013 is is alsoplacedatANNEXURE-VII to this report. regarding compliance of conditions of Corporate Governance complianceregarding ofconditionsCorporate by your company for the year ended31 Auditors Governance from onCorporate ofyour companyA report isplacedatANNEXURE-VI andacertification Statutory Auditor’s Report andManagement’s thereon. Auditor’s reply Report Statutory Addendum to underSec.134(2) the Report Director’s and134(3)(f) of the Companies Act, 2013 stating Details anddevelopment aboutresearch activitiesofthe company (Annexure-XI). Foreign exchange andoutgo(Annexure-X earnings ). of the Companies Act, 2013 (Annexure-IX). to given No.-MR-3, pursuant inForm Section204(1) inPractice by AuditSecretarial Report Company Secretary Comments ofthe Comptroller andAuditor ofIndiaunderSection143(6) General ofthe Companies Act, 2013. EASTERN COALFIELDS LIMITED For BoardofDirectors andonbehalfofthe Chairman-cum-Mg. Director (Prem Sagar Mishra) Annual Report 2019-20Annual Report DIN-07379202 st March,2020 73

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 74 Annual Report 2019-20Annual Report Annexure-I

3.2. Status of CIL R&D Projects being implemented in command area of ECL upto 31st March, 2020:

Financial Scheduled Progressive Date of Sl. No. Name of the project Outlay date of Disbursement (₹ in Status Start (₹ in Lakh) completion Lakh) 1. Underground Trapped Miner 489.70 15th March, 2015 447.86 a) Applied to DGMS to get permission for field Location system January, trials of composite system in last week of 2010 January, 2016 on R&D basis.

Project Code: b) Director Technical (RD&T), CMPDIL along EASTERN COALFIELDS LIMITED CIL R&D/1/35/10 with Executives from ME Division and S&T Department, CMPDIL visited DGMS, Dhanbad on 26.04.2019 and discussed Implementing Agency: in detail with DG, DGMS relating to the TCS, CMC & CMPDIL (ME), issuance of field trial permission to conclude these projects. Director Technical (RD&T), CMPDIL vide letters dated 24.05.2019 and 03.07.2019 again requested DG, DGMS, Dhanbad for issuance of field trial permission under this project. However, field trial permission from DGMS is still awaited. c) The timeline for completion has been extended to March, 2020 as recommended in the 30th meeting of Apex Committee. 2. Development of Rubber 204.07 March, February, 202.65 R&D project is completed and taking over of Compound and Repair 2013 2016 mobile van & training of personnel by ECL is Techniques for Trailing Cables of under progress. Underground Mining Machines. Project Code: CIL/R&D/1/54/2013 Implementing Agencies: IIT, Kharagpur and ECL Financial Scheduled Progressive Date of Sl. No. Name of the project Outlay date of Disbursement (₹ in Status Start (₹ in Lakh) completion Lakh) 3. High ash coal gasification 2160.721 20th July, 19th July, 2020 1685.00 a. Design & P&ID for both Fluidized Bed and associated upstream and 2017 and Entrained Flow Gasifiers have been downstream processes (Coal to IIT-ISM- IIT-ISM- 1580.00 finalized. Fabricators are identified with Chemicals, CTC). 1872.007 whom IIT-ISM, Dhanbad is discussing the Project Code: P&ID and other aspects of fabrication, IIT, Roorkee -105.00 including the refractory lining of the CIL/R&D/03/03/2076 IIT, Roorkee - Gasifiers. Budgetary Quotes are awaited Implementing Agencies: 131.804 CMPDIL, Ranchi - Nil from them. IIT-ISM, Dhanbad; IIT, Roorkee; b. The flow sheet has been completed with CMPDIL, particle velocimeter, high speed camera, CMPDIL, Ranchi; MCL, Ranchi - thermal imaging system for fixing the Sambalpur; ECL, Sanctoria and 156.910 specifications. Both the Gasifiers are EASTERN COALFIELDS LIMITED CCL, Ranchi. designed for operation at 20-35 barg Technical collaboration of IIT- pressure and temperature above 1200° C ISM, Dhanbad with Australian (1200° C -1600° C). Universities: i) Curtain University, Western Australia, Perth-6102, ii) The University of Melbourne, Melbourne, Victoria-3010, Australia and iii) Monash University, Clayton, Victoria-3800, Australia. 4. Assessment of applicability 478.27 1st August, 31st July, 2019 430.00 R&D project is completed. and performance of Ground IIT, 2017 Installation and commissioning of GbInSAR based Interferometry Synthetic Kharagpur, equipment along with all the hardware and Aperture Radar (GbInSAR) in 478.27 software accessories was successfully safety zoning of surface mining completed at Sonepur Bazari OCP, ECL on slopes. 04.10.2018 and was in operation 24 X 7 Annual Report 2019-20Annual Report Project Code: ECL- Nil without any break since its installation till 11th CIL/R&D/01/65/2017 March, 2019. Captured data till stoppage of the Implementing Agencies: equipment were analyzed at IIT, Kharagpur for meaningful findings. IIT, Kharagpur and ECL, Sanctoria. 75

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 76 Annual Report 2019-20Annual Report Financial Scheduled Progressive Date of Sl. No. Name of the project Outlay date of Disbursement (₹ in Status Start (₹ in Lakh) completion Lakh) 5. Optical fiber based solar 155.53 1st August, 31 st July, 2020 150.00 a) Optimization on focusing the diverting illumination of pit bottom and IIT, 2017 LED output is being carried out with the underground mine roadways Kharagpur- help of simulation and experiments to and working face. 155.53 minimize the wastage of scattered light. Project Code: ECL- Nil b) Three types of LED have been tested for CIL/R&D/01/66/2017 illumination purpose to find out the best Implementing Agencies: possible alternatives. EASTERN COALFIELDS LIMITED IIT, Kharagpur and ECL, c) Light coupling into a few of the optical Sanctoria. fibers have been carried out using low and high length lenses. d) Initial experiments have been performed. From the above experiments, light coupling efficiencies up to 55% could be achieved with the help of developed coupling. e) Other lab experiments required for the project are being done at IIT, Kharagpur. 6. Requirement of air in mine for 491.27 1st 31st October, 120.39 a) Literature survey completed. Mass Production Technology. November, 2019 b) Specification of all the equipment Project Code: 2016 required for the project has been CIL/R&D/01/63/2016 completed. Process of equipment Implementing Agency: procurement is in progress. The UMD, CMPDI (HQ), Ranchi project has got delayed due to delay in procurement of equipment required for the project. Out of the 12 types of equipment/ instrument, only 7 nos. of equipment have been received till date. Re-tendering has been done for remaining 5 types of equipments. Field activities related gas survey has been started in May 2019 and till date two mines (Moonidih, BCCL and Jhanjra of ECL) have been completed. Financial Scheduled Progressive Date of Sl. No. Name of the project Outlay date of Disbursement (₹ in Status Start (₹ in Lakh) completion Lakh) 7. Development of Virtual Reality 1410.10 1st 31 st August, 1250.00 a) Civil work (where proposed VRMS will Mine Simulator (VRMS) September, 2019 be installed) including acoustics is in the for improving safety and 2017 completion stage at IIT-ISM, Dhanbad. IIT, productivity in coal mines. IIT-ISM: IIT-ISM, Dhanbad- Dhanbad has placed order to SIMTARS, 1320.10 1250.00 Australia for required VRMS set and other associated equipment, but the Project Code: same has not been arrived till date at IIT, CMPDIL, Ranchi- NIL CIL/R&D/01/67/2017 CMPDIL: Dhanbad. Due to which, project delayed 90.00 and not be completed within scheduled date i.e. up to 31st August, 2019. Implementing Agencies: b) The timeline for completion has been IIT-ISM, Dhanbad, UMD, extended by 18 months as recommended EASTERN COALFIELDS LIMITED CMPDI, Ranchi, ECL, Sanctoria, in the 30th meeting of Apex Committee. NCL, Singrauli and SIMTARS, Australia Annual Report 2019-20Annual Report 77

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 78 Annual Report 2019-20Annual Report Annexure-II

3.3. Status of Coal S&T Projects funded by MoC being implemented in command area of ECL upto 31st March, 2020:

Financial Revised/ Progressive Name of the project with Date of Scheduled Sl. No. Outlay Disbursement Status Code Start date of (₹ in Lakh) completion (₹ in Lakh) 1. Development of tele-robotics 440.12 September, September, 388.00 a) Under this project, tele-robot has been developed and remote operation 2012 2019 and field trial conducted at Khottadih mine of ECL. technology for underground coal b) The developed robot is capable of monitoring mines

CMERI - For environmental parameters viz. percentage of CO2, EASTERN COALFIELDS LIMITED 251.57 CH4, O2 and also humidity & temperature. The CMERI-250.00 real time graphical-user-interphase (GUI) based Project Code: CIMFR- 75.00 navigational camera is capable of displaying the status of robot and 3D representation of operational MT (EoI)/162 CIMFR - 125.55 CMPDIL-63.00 environment in the underground mines from sensor data. Long range communication with the robot through multiple wireless routers was also Implementing Agency: established. CMPDIL - CMERI, , CIMFR, 63.00 c) The project proponent were advised to conduct Dhanbad & CMPDI, Ranchi further field trial after approval from DGMS for fine tuning the developed robot so that it can be used remotely in any underground mines for monitoring environmental parameters. d) IS certification from SAMEER, Kolkata has been obtained and other required certifications obtained from CIMFR, Dhanbad. e) Field trial permission from DGMS is awaited. 2 Blast design and fragmentation 303.86 January, September, 250.00 Project has been completed and certification of control- key to productivity 2013 2016 completion has been provided by Area GM, Sonepur Bazari to CIMFR, Dhanbad. Project Code: MT/164

Implementing Agency: CIMFR, Dhanbad Annexure-III 3.15 Project Monitoring & Status of Implementation of Ongoing Projects: Sanctioned Original Scheduled Anticipated Status of Sl. No. Name of Project Capital date of date of date of Implementation (₹ Cr.) approval completion completion 1. Sonepur-Bazari Combined OC 1055.05 August, March, 2018 October, 2020 Production achieved in (8.00 MTY) 2012 2017-18: 9.72 MT 2018-19: 10.03 MT 2019-20: 11.10 MT Construction of Railway siding and new CHP is under progress. Possession of land and R&R are under progress.

2. Hura-C OC (3.00 MTY) 359.69 October, March, 2022 March, 2022 Stage-II Forestry Clearance obtained & land possession EASTERN COALFIELDS LIMITED 2015 is under process. 3. Jhanjra Combined UG (3.50 602.86 November, March, 2022 March, 2022 Production achieved in MTY) 2015 2017-18: 3.17 MT 2018-19: 3.38 MT 2019-20: 3.50 MT 4. OCP 127.72 November, March, 2019 March, 2021 Coal production achieved during (1.20 MTY) 2014 2018-19: 0.103 MT 2019-20: 0.129 MT 5. Kumardih-B CM UG 117.91 May, 2014 March, 2023 March, 2023 i) Commissioning of 1st set LHCM done on 11.12.2019. (1.02 MTY) Production achieved in 2019-20 is 0.14 MT. ii) Contract for supply of one no. SHCM has been finalized. 6. Chitra East OC (RCE) 513.99 August, March, 2024 March, 2024 Production achieved in (2.50 MTY) 2018 2017-18: 1.56 MT

Annual Report 2019-20Annual Report 2018-19: 2.03 MT 2019-20: 2.05 MT Stage-II Forestry Clearance obtained, land possession and R&R are in progress. 79

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 80 Annual Report 2019-20Annual Report Sanctioned Original Scheduled Anticipated Status of Sl. No. Name of Project Capital date of date of date of Implementation (₹ Cr.) approval completion completion 7. Mohanpur Expansion OC (1.00 14.23 June, 2008 June, 2013 March, 2020 Production achieved in MTY) 2017-18: 0.999 MT 2018-19: 0.748 MT 2019-20: 0.999 MT Land possession and R&R activities are delayed. Expansion Project Report (2.50 MTY) has been formulated and is under modification. EASTERN COALFIELDS LIMITED 8. Khottadih CM UG 127.17 May, March, 2016 March, 2021 Consignment for Continuous Miner Package arrived at (0.60 MTY) 2015 mine site in March, 2020. Due to spread of COVID-19 the visa of Chinese expert is suspended resulting delay in commissioning of Continuous Miner. 9. Khottadih Expansion OCP 140.25 May, 2017 March, 2020 May, 2020 Production achieved in (1.60 MTY) 2017-18: 1.28 MT 2018-19: 1.07 MT 2019-20: 1.16 MT R&R of Billpahari village under progress. 10. Siduli 535.18 May, 2018 March, 2026 March, 2026 Land schedule is under process of approval. Matter of (OC: 1.20 MTY & UG: 1.63 MTY) shifting of unstable location 105 (Hatia Basti) has been taken up with ADDA. 11. Nakrakonda Kumardih B OC 502.68 August, March, 2029 March, 2029 Land schedule is under process of approval. Tender for Hiring (3.00 MTY) 2018 of Equipment for OB floated and is under process of approval

12. Tilaboni UG (1.86 MTY) 916.62 February, March, 2027 March, 2027 Project Report has been approved by CIL Board in its 2019 meeting held on 12.02.2019. 13. Parasea-Belbaid UG (2.07 MTY) 826.42 July, 2019 March, 2027 March, 2027 Proposal for different activities has been initiated. 14. Nabakajora-Madhabpur Block 56.14 December, March, 2014 PR under Recast Project Report (PR) is under recast for incorporating UG (0.30 MTY) 2006 new guideline of Mine closure plan. 15. Khandra NKJ UG (0.285 MTY) 18.81 July, 2003 March, 2009 PR under Recast Project Report (PR) under Recast 16. Bankola R-VI UG (0.24 MTY) 19.14 March, 2003 March, 2009 PR under Recast Project Report (PR) under Recast 17. Narainkuri UG (0.54 MTY) 149.06 February, March, 2015 PR under Recast Project Report (PR) under Recast 2009 : Opportunities andThreats: Opportunities Weakness: Competitive Strengths: Strengths andweakness: and 19.93 BillionTonne inthe state and ofJharkhand thus the total51.60 is Billion Tonne. 31.67 of havingcompanies inIndia coal producing areserve WestBengal 01.04.2019of BillionTonneon state theas in of Coal number ofworking mines,49 minesand9opencast mines,20 being underground mines. ECL mixedis one of the best quality 78with areas that date. from operatesoperation It operating inthe statesof West of 14 are There BengalandJharkhand. number 414 minesvested with Eastern DivisionofCoalMinesAuthority Limited (CMAL)and the company commencedits commercial Eastern Coalfields Limited (ECL), a subsidiary ofCoalIndiaLimited was November, on1st Limited incorporated Eastern (ECL),asubsidiary Coalfields Overview ofEastern Limited: Coalfields Outlook: is the power fuelusedto thermal prime plants duetofire its availability andaffordability. As on April, 2019, the geological of Indian coal resource was 326.495 BT up to a India, depth of 1200coal m. (Source: GSI, GoI). In andreserves: Indian coalindustry security. energy future andforemostoncustomerthrust Coalisoneofthe fuelsinIndiaandwillcontinueto satisfaction. prime to becrucial India’s safety mining,ensuring continuingthe measures, quality improving andefficient viabilityofminesbyeffectiveness, effective Organization (CSO) and International onthe haslaidstress coalsector achieving Fund cost (IMF).TheMinistry Monetary IndiahasemergedtheAmerica. as fastest growing major economyof intheworld Statistics asperthe Central States With estimated GDP,purchasing poweris the3rdon a basis,India parity United and largest economy China theafter in world Overview Indianeconomy: ofthe b. a. f. e. d. c. b. a. e. d. c. b. a. Recourse working smallOCpatches to curbillegal mining. Realization ofbetter value for coalthrough e-marketing. Upper water-logged Technology ofMass Production seamsimpede introduction inlower seams. Huge pumping andsandstowing cost. mining. hinderopencast areas builtoncoal bearing Huge infrastructure Dense populationimpedes acquisition ofland. geo-mining condition. Difficult legacy ofsmallmines,oldsteam working atmuch below winders ofitsrated capacity. about 250 years back.The coalmining in the hadstarted Hencethe Raniganj company coalfield is loaded with old coal company innearfuture. MT respectively. Thiswillimprove the capacityofECLincoming years makingECLa100 production andassist MT &Amrakonda-MurgadangalBrahmani coalblocks allotted to ECLandhave of1900 huge coalreserve MTand900 accessible to widerange ofconsumers. ECL isblessedwith coalhaving widerange ofGCVi.e.6700 to kcal/kg 3401 (G3-G13) kcal/kg thereby making it locatedMines are alongNational Highway andRailway which facilitates Corridor easyevacuation. miningexists.cast outofwhich 7.01Jharkhand scopefor where comparatively easyextraction BTisproven ofcoalby open reserve, of 19.89Reserves Billion Tonne ofCoal down to adepth of 600metre as on01.04.2019 (asper GSI) inthe state of coal canbeblendedwith other high ashcoalfrom to subsidiaries satisfyMoEFstipulations. proven category. ofcoal with average grade ECL has premium ash content less than This 20%at Raniganj Coalfields. Total of31.67 geological reserve BillionTonne ofCoalinWest Bengal, outofwhich 14.22 BillionTonne isinthe MANAGEMENT’S DISCUSSIONANDANALYSIS REPORT-2019-20 EASTERN COALFIELDS LIMITED 1975 by taking Annual Report 2019-20Annual Report Annexure-IV over over 81

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 82 Annual Report 2019-20Annual Report 7. 6. 5. 4. 3. 2. 1. reincarnate the image ofthe company: vision andobjective ofthe company. Thecompany hasinitiated the following inmissionmodewhich projects alsoaimsto these challenges. Various initiatives inmission mode have beeninitiated inthe company whichthe aimsto mission, redefine ofBusinessStrategy the Companythe globalAs apart challenges hasidentified andstrategies beingformulated are to meet Business Strategies: Threats:

increased theincreased HappinessIndex ofECL. which have ECLEmployees aboutasenseofbelongingness amongst brought anditsFamily andhave Members also units indifferent observed are regions occasionsofdifferent oftheregions country. this Through initiative, different Mission INDRADHANUSHhas beenundertaken to assimilate festivals, cultures, dance,musicandethnicity ofdifferent Mission SAMBANDH hasbeenlaunched to reach outallthe stakeholders andthe communityatlarge asproblem Integrity, andTransparency &Equality) the amongst employees for the ofthe image Company. reincarnation Mission JATAYU was Awareness the launched during Vigilance Week-2018 to encourage the ofFITE(Fairness, spirit Buildings, Plants,Equipments, ModelsofHeritage by Machines, nature Appliances,Instruments, ofMuseum. construction Mission DHAROHAR hasbeenenvisioned with anaimofprotecting the legacies ofCoalMininginthe ArchivingofArchaic Country, Technology with& Alliedprocess Information through SUMIT. aproject old conventional technologies were allthe beingusedin almost mines,assuch, aneedwas felt for integration ofMining Mission SUMIThasbeeninitiated which aimsfor Systematic Technology. ofMining&Information Upgradation Sincevery Mission SANJIBANISystemic aimsfor Advancements, NewIntegrated Jobs, New Business& Initiatives. andbetterorganization, asustainable MissionSuDESHHaimsatcreating for future ECL. which the are Development, issues of Sustainable Environment, Safety, Health & Hygiene and hence, being a responsible generations.ability offuture To achieve the ECLappreciates the global global challenges leadership, andunderstands development essenceofsustainable ismeetingThe very the needsofthe generation present without the compromising Mission SuDESHHhasbeenlaunched which aimsfor Development, Sustainable Environment, Safety, Health &Hygiene. and solutionprovider which willultimately facilitate andease for projects smooth upcomingofGreenfield h. g. f. e. d. c. b. a. e. d. c. b. a. f. e. d. c. Rationalization ofmanpower. ofunsafeClosure mines. revenue generation. and exploitationExploration of Coal Bed Methane (CBM), Coal Mine Methane for additional (CMM) and gasification beltconveyorsrailway sidingby surface isbeingintroduced. minetoContinue to from focus ondeveloping Coaltransport environmentally operations. andsociallysustainable baseby detailedContinue to exploration. ourreserve increase competitiveness andmaintain byEnhance profitability improving efficiencies. andcost operating Improve through saleofhigher quality realization increased coalande-auction ofcoal. demand-supply gapContinue to for on the . and capitalize productivity significant production, increase posingthreat are toIllegal the minesendangering miningandcoaltheft running menandmachine. Unauthorized occupationofCompany’s inprohibited areas. quarters &expansionhorizon ofOC. technology ofmassproduction inintroduction Land constraints inlarge scale owing to water loggingofupper Opposition to mines. ofunsafe closure underground Opposition to acquisition oflandby villagers andputtingdemandbeyond the Company’s norm. andexploitationExploration ofCoalBedMethane (CBM)underECLleaseholdarea. constraints. to major surface ofHighwallIntroduction MiningTechnology expanded mineswhich especiallyinOpencast cannot due befurther andState Central from co-operation GovernmentsIncreasing aswell the aslocalauthorities insolving problems. Positive Trade Central from response Unions to issuesinvolving safety, andproductivity. production EASTERN COALFIELDS LIMITED out the Brownfield project. out the Brownfield solver Production: 13. 12. 11. 8. 10. 9. Growth % (MCUM) OBR- Growth % Total (MT) Coal(MT) Underground OCP -Coal(MT)

enforcement of strict disciplinesatwork places. enforcement ofstrict for enhancingthe Dueemphasis capabilityofin-house talents. hasalsobeengiven ofCompliance” and on“Culture YearThe Financial 2019-20 was as“CapacityEnabledECL” declared andnumberofTraining was organized Programmes Substitution. QualityandImport Harnessing Mission “DESHI”hasbeeninitiated ofSystem, whichofCoal,Simplification for stands DemandDetection, Export “Reuse”, “Refuse”, “Recycle”, “Repurpose”, “Reinvent”, “Refill”, “Repair”, “Reduce”, “Redesign” and“Refurbish” A New Concept named“10 inECLfor underthe R”hasbeenintroduced utilizationofthe fullest categories resources of ‘World AIDS Day’ 1 on ‘World eveUnder the ofMissionSuDESHH,another umbrella Missioncalled“SuDESHH-MITWA”of hasbeen launched onthe “Swachhata HiSeva” 11 campaign from Mission “JAGGRAN” has beeninitiated to useofSingle Themissionwas reduce UsePlastic. the launched during with development ofthe work proper culture. both maintenance proper minesalongensuring andunderground inopencast ofallthe equipment andmachinery Mission “MITAWA” has been initiated which aims for Maintenance Techniques Inspired and Work for Agencies sectors. Mission JAGGRAN launched atECLHQinpresence ofIndependentDirectors st Dcme,21 hog hc eia aiiisaet eetne oepoes f unorganized December,2018 of toare throughextendedmedical facilities which be toemployees Particulars th September, 2019 to 2 EASTERN COALFIELDS LIMITED nd October, 2019. 2019-20 140.455 50.401 41.195 9.206 11.42 0.48 Annual Report 2019-20Annual Report 2018-19 126.06 50.16 15.13 41.10 6.03 9.06 83

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 84 Annual Report 2019-20Annual Report Segment-wise orProduct-wise Performance: that includeSteel, Cement,Sponge Defence Iron, &others. Majority inECLissuppliedto ofcoalproduced Power Thermal Plants.Inadditioncoalisalsosuppliedto various industries Our Customers: * NB:Despatch underMoUmeansdespatch to &MoUdespatch to NTPCBarh MTPS, DVC. Others E-auction Despatch to underFSA Outsiders Total Off-take Own Consumption Despatch underMoU Particulars EASTERN COALFIELDS LIMITED 2019-20 49.316 42.917 0.048 5.089 1.081 0.181 100.00 10.32 87.02 0.37 0.10 2.19 % 2018-19 45.006 50.407 3.538 0.075 1.603 0.184 100.00 89.29 0.37 7.02 3.18 0.15 % i Mlin Tonnes) Million (in Growth (%) -32.56 -36.00 43.84 -4.64 -1.63 -2.16 mines: utilizedfor rawcoaldispatch our The following from shows table to relating information various modesoftransportation designated by dispatch pointsisborne the customers. the ofcoalfrom minesto between oftransportation Thecost customers androad. may rail choose the modeoftransport weighbridges owned by Railways. the from onroad” designated or“free either Oursalesare onrail” “free dispatch points All consignmentsdispatched weighed are either atECLowned weighbridges available atourdispatch pointsorto the nearest conveyor belts.Coalisdelivered to the customers the from ordedicated dispatch road pointsthrough MGRsystem. rail, rail Following to the extraction despatch a mine/working of coal from coal is points transported throughface, tipping trucks and Transportation, Infrastructure andLogistics: procurement byprocurement customers. isreviewed timetounder E-Auction from time by the MoC.TheE-auctionscheme provides anavenue for additionalcoal their through coalrequirement the available mechanisms institutional underthe NCDP. Thequantity ofcoal to beoffered scheme toof coal has been introduced provideThe E-Auction access to coal for customers not who are able to source Scheme: E-Auction with discipline. built-incommercial manner sectors ofthe economy, andefficient term transparent andlongterm sustained, basis,inanassured, both onshort NCDP hasbeenissuedonOctober 18, 2007 with anobjective to meet ofdifferent the consumers demandofcoal from Distribution andMarketing Policy: linked customers. Inaddition,coalisalsosoldunderE-auctionscheme. others). 90%ofCoal issoldunderthe Around (“FSAs”) long-term fuel supplyagreements executed between ECLandthe customer and other includes basic price coal. price The final chargesof imported (Cess, Royalties, Excise, Sales Tax and contentash &moisture level. isrevised andlandedcost the Thecoalprice considering escalationininput inflation cost, Coalisset Grade onthe basisofashlevel& Washery content. ofcoalfor SemiCokingCoalisset Pricing onthe basisof Value Calorific based onitsGross of Non-Coking Coal ispresently The pricing w.e.f. 01.01.2012 andthat ofCokingCoal Pricing ofCoal: Road Merry Go-Round (MGR) Merry Rail Total Mode ofDespatch SILO LoadingatRajmahal Area EASTERN COALFIELDS LIMITED 2019-20 32.980 13.620 49.135 2.535 (inMillionTonnes) Annual Report 2019-20Annual Report 2018-19 50.223 13.644 34.171 2.409 85

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 86 Annual Report 2019-20Annual Report necessary coordination andcommunicationwith coordination respective heads. area necessary in the Audit Committee. TheLeadAuditor through to isalsorequired timely compliance ofallauditobservations ensure reports with inconsultation the HoD,IADbefore placementandpresent quarterly reports the torequired quarterly finalise & Accounts the of the Annual Report company.for of certifying the purpose Internal Auditor The Central (Lead Auditor) is to DGCA andrespective Directors andHoDs.Inadditionto Transaction audits,the Govt. auditors also conductannualaudits by furnished the are Govt. Auditorsby auditobservations containing PSU. the TheInspectionReports DGCA for aparticular ofthe area/units company, andscope,set indifferent anddesigned auditprogrammes intervals, with inaccordance specific GOI. The Govt.Indian Audit Auditors andAccounts undertake Department, ‘Inspection/Transaction routine atregular audits’ ofthe Director Audit ofCommercial (known General asthe earlier Comptroller & Auditoroffice ofIndiaorCAG) General of In additionto Internal Audit, the company isalsoaudited beingaPublicSectorby the Auditingfrom Undertaking personnel (IFC)inthe ofInternal Controls Financial company.application andeffectiveness of the of Internal on operations company, Control Financial appraisal regular containing and comments on their observations to (HQ),Director the andCoal IndiaLtd.They (Finance) Internal Audit alsosubmitadetailed Department Annualreport toInternal Auditors auditreports their respective submitMonthly headsas well Internal unit/area auditreports asQuarterly subject to by and recommendation appraisal the Audit Committee for approval by the of Directors of theBoard company. The for andproposed selectionby the shortlisted empoweredAppointment ofthe Internal Audit committee, firms essentially are appointment. the scopeofwork andhasalsoprescribed with general terms &conditionsto andselectionofthelisting auditfirms their bycompliance withstructured CoalIndiaLtd.haslaiddown aselectionprocedure detailed criteria for short- (HQ),through the of‘Invitation process ofInterest ofExpression Audit andin strict (EOI)’inaccordance Department The Internal Auditors ofthe company selected are by aduly constituted committee, chaired by the HeadofInternal Internalis assignedthe or‘LeadAuditor’. Auditor’ jobof‘Central unitsofthe area/ company,of fifteen includingheadquarter. having the inselectionprocess, score highest Oneofthe firm, outthe internal auditingwork carrying auditfirms Accountants. orCost fifteen are There ofChartered external auditfirms withIn accordance the relevant provisions oflaw, the internal entire auditingjobofthe company isassignedto independent any organization. issued have ofthe governance alsoechoed corporate the that system fact internal auditfunctionisanintegral part of theassisting to Board discharge itsgovernance Various responsibilities. andcontrol Governance CodesofCorporate Internal Audit functionplays Aneffective andefficiently. in role afundamental working are effectively Risk controls toassurance of Directors and Board Audit committees. that This ensures appropriate Governance Corporate and Audit each that business/functionsensures the objectives, inplaceandprovide are user(SOP)manualsandcontrols ofInternal Audit the from andcompliance perspective. control Periodical (IA)iscrucial reviewThe importance of Internal Control Systems adequacy: andtheir Good”grading. “Very ECL hasobtained ECL entered into aMoUwith CILto For the year set various 2018-19, parameters for physical performances. andfinancial Memorandum ofUnderstanding between Eastern Limited andCoalIndiaLimited: Coalfields and development activities. agency offundsaswell for oftheasmonitoring activities, disbursement co-ordination research ofourresearch the progress For anddevelopment research ofCIL.CMPDILactsasanodal needsECLengaged CMPDIL,which isoneofthe subsidiary Research andDevelopment: FSAs categorized canbebroadly into: or with State Nominated enters into that Agencies inturn with appropriate arrangements endcustomers. distribution Our withIn accordance the terms ofthe NCDP, CoalCompany hasentered into legally enforceableFSAs with directly the customers Fuel Supply Agreements: 4. 3. 2. 1.

FSAs through Linkage auctionroute. FSAs with State Nominated and Agencies FSAs with customers innon-power (includingcaptive industries power plants(“CPPs”) independent power (“IPPs”); producers FSAs with customers inthe power utilitiessector, includingState power utilities,private power utilities(“PPUs”)and EASTERN COALFIELDS LIMITED Break upofMajor Heads: Expenditure: duty. thereof. ofcoalanddistribution saleofcoalismainlydependentonthe andproduction TheIncomefrom pricing leviesSales ispresented royalty, comprising salesnet asgross ofvarious statutory cessoncoal,GST andstowing excise Income from SaleofCoal: Results ofOperations: Discussion onFinancial Performance respect with to Operational Performance: 2014, for FY, inForm-CRA-4 Audit Cost Report 2018-19 with Government the was Central filed on28 toPursuant Section148(6) ofthe Companies Act, 2013 andRule 6(6)ofthe Companies Records (Cost andAudit) Rules, Cost Audit: the Auditors. which the physicalissues andisexpected after ofstores verification for 2019-20 shortly to befinalised willbetaken upby for 2019-20 andonwards for three years have butthe appointmenthasbeendelayed beenstarted, becauseofCOVID 19 forfee the applicableinCILanditssubsidiaries year 2019-20 andonwards, the of appointmentofStores process Auditors approvalBoard for appointmentofAuditors for physical ofstores verification with revised scopeofwork andrevised audit The concept ofStore into audit hasbeenbrought year the the from 2018-19. financial company with effect AsperCIL’s Store Audit: outby carried it. transactions company has a sound system of Internal commensurate Control with the size of the company and the of business nature expressed over satisfaction the andunitsofthe area inexistence Internal company. Controls Financial indifferent Thusthe working asInternal Auditors the Audit underauditinFY2019-20 ofECLduring period firms The different accordingly, have compliance andimplementation. necessary review. TheDirectives (ifany) issuedby dulynoted are the Audit Committee for ofsuch observations uponconsideration ofInternal Auditors placedbefore theapplications inexistence. are Audit observations Committee Significant for periodical Audit Committee ofthe Company/CIL aclosewatch maintains onthe internal systems control andrelated procedural Repair Cost Finance Expenses Contractual Social Overhead Power &Fuel &WagesSalary Stores &Spares (Accretion)/Decretion instock Total Income Other Income Net Sales Less: Levies Sales Gross Particulars Particulars 2019-20 EASTERN COALFIELDS LIMITED 13953.20 12823.74 18192.36 5368.62 1129.46 2019-20 7655.22 1974.85 465.88 134.43 681.90 178.21 -86.86 11.48 2018-19 2018-19 1930.38 7448.47 109.50 476.39 721.71 163.10 141.12 16.46 18385.03 12914.35 13907.49 5470.68 993.14 Absolute -196.36 206.75 -39.81 -10.51 44.47 -6.69 -4.98 15.11 th Growth December, 2019. Growth (%) Annual Report 2019-20Annual Report % age ( ( ₹ -179.32% ₹ inCrore) -30.26% incrore) 13.73% -5.52% -2.21% -4.74% -0.70% -1.05% -1.87% 2.30% 2.78% 9.26% 0.33% 87

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 88 Annual Report 2019-20Annual Report Cash Flows: MoU Target vis-à-visachievements upto 31 Total Tax Comprehensive IncomeAfter Total Comprehensive IncomeBefore tax Provision Depreciation/Impairment OBR Adjustment Other Expenditure 4 3 2 1 Closing cash&equivalents Change inCashandcashequivalents activities Net cashused infinancing Net investing cashfrom activities activities Net operating cashfrom Opening Cash&equivalents 5 7 6 Sl. No (Net) toprogress Revenue operations from goodsandwork in Inventory offinished to previous year percentage oftotal incomeascompared Reduction in total expenses as Return oninvestment: operations (net)operations asapercentage ofRevenueProfit from and Exceptional Items):- Operating excluding other Income,Extraordinary before Tax (Profit profit Operating Turnover: Revenue (Net) Operations from (gross) days of Revenue Operations from Trade receivables (Net) asnumberof Procurement through MSME Procurement basis (%) not acknowledged asdebtonoverall Reduction inclaimsagainst the Company Particulars Parameters Particulars EASTERN COALFIELDS LIMITED st March, 2020: ₹ %age %age %age %age Days Days crore Unit 2019-20 1501.35 434.35 286.92 635.08 834.37 80.39 Target for year the 2018-19 31-03-2020 1298.39 13,713.00 706.38 494.98 456.24 642.47 2019-20 30 days 9 days 6.5% 25% 8.28 15% 5% -644.38 -385.40 -102.25 478.68 361.23 93.28 Absolute -169.32 202.96 127.99 -60.63 72.11 -7.39 Actual Achievement Growth 31-03-2019 13,338.43 36.12% 6.65% 1.42% 64.62 7.57% 8.84 % age ( ₹ 870.89% inCrore) -12.25% -304.71 -718.68 15.63% 420.55 783.39 -37.11% 478.68 18.12% -1.15% -6.58 Manpower: Human Resource Development: Trainee (Non-Executive) Semi-Skilled/Unskilled Highly Skilled/Skilled Ministerial/Clerical Supervisor Category Executive Total 31.03.2020 EASTERN COALFIELDS LIMITED 57153 28946 19175 2232 3966 1960 874 Manpower ason 31.03.2019 59698 19982 30141 2084 4097 1084 2310 Increase (+)/ Decrease (-) -2545 -1195 Annual Report 2019-20Annual Report -807 -124 -210 -131 -78 89

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 90 Annual Report 2019-20Annual Report Law andOrder: Reasons for variation inManpower: statistics relating to relating statistics Relation Industrial andLaw isgiven &Order below: inthe relations companyThe industrial isby andlarge Workers cordial. extraneous issuesnow adays. donot support The Industrial Relations : transparency, accountability apart from reinforcing trust and goodwill between trust reinforcing from managementtransparency, andthe employee. apart accountability alsofunctioningin our company.are TheTrade insuch actively committees about participate andbrings Unions very etc.thread productivity bearviz.production, Besidesother Committee/Boards viz.Safety Committee, Welfare etc. Board levels. andProject/Unit Committees discussed Area issuesare atCorporate, operating are In the JCC meeting important levels inmanagement in theThe workers’ inECLisfullyoperativecompany. indifferent participation TheJointConsultative Workers’ in Management: Participation Law (Disturbance) andorder Production Lost (inLakhTonne) Lost Production Sl.No. VARIATION (A-B) Total Decrease (B) Revised back Executive from to Non-Executive Promotion Non-Executive from to Executive Special Female VRS VR underGHS/EVRS Dismissal/Termination Transfer to other companies Resignation Death Medical Unfit Retirement Decrease Total Increase (A) Revised back Executive from to Non-Executive Promotion Non-Executive from to Executive Appointment against SpecialFemale VRS Appointment against LandLosers Transfer other infrom companies. Reinstatement/Re-joined. Appointment against death cases. cases. Appointment against medicallyunfit Fresh Appointment Increase 3. 2. 1. Production lost (inlakhtonnes) lost Production Man days (inlakh) lost No. ofstrikes Particulars Subject EASTERN COALFIELDS LIMITED Subject Executive -124 205 141 28 30 81 18 13 51 0 0 0 0 5 0 0 0 0 0 0 0 0 02 (4Days) 2019-20 2019-20 Non-Executive 0.75 0.04 0.18 20 * -2421 3171 2474 750 534 253 382 39 72 40 52 10 12 41 11 0 0 0 0 0 0 1 01 (2Days) 2018-19 2018-19 0.04 0.05 0.8 22 Total -2545 3376 2615 831 539 253 382 * 62 72 68 25 52 57 10 71 0 0 0 0 0 0 1 Class (OBC)have beenimplemented ofSCandST inECL.Therepresentation candidates intotal manpower isasunder: DirectivesThe Presidential inthe matter ofScheduled Caste ofrecruitment (SC),Scheduled Tribe (ST) andOther Backward promotion: Reservation for Scheduled Caste (SC)/Scheduled Tribe (ST) Backward andOther Class(OBC)inrecruitment and MoU Target vis-à-visachievements ofHRMParameters upto 31 sexualregarding was isunderprocess. harassment received by IC,ECLandthe enquiry andRedressal)Prohibition Act, 2013 iscontinuingto the function.During year 2019-20, there was onlyonecomplaint The Internal Complaint Committee asperSexual (ICC)ofECLformed ofWomen Harassment atWorkplace (Prevention, Disclosure underSexual Harassment ofwomen atWorkplace (Prevention andRedressal) Act, 2013: andgovernment (NCWA) directives. orders standing Agreement formulated by JBCCI,certified The wage of non-executive revision and other conditions of service employees governed are by the National Coal Wage major INTUC,AITUC,HMS,BMS,UTUC,CITU, Unions functioning are INTTUCetc. Theexecutives ofCMOAI. members are The employees there employees are highlyunionized andhardly ofECLare not whoare the memberofany ofthe unions.The Trade Unions: community employees were 15545 against 16124 employees in2018-19. promoted 2019-20 during as against 173 and 86 candidates respectively 2018-19. during As on 31.03.2020, on Roll OBC Out of1803 promotions made,271 candidates belongto SCcommunityand139 candidates belongto ST communitywere Employment provided underNCWA &LLS: Sl. No. Direct RecruitmentDirect Scheme Land Losers NCWA 31.03.2020 No. of structured MeetingNo. heldatHQlevel ofstructured No. ofJCCMeeting heldatHQlevel 31.03.2019 1 As on d. c. b. a. Achievement of8HRParameters ofcontinuousnature: 31.10.2019. candidates date for DPCupto 30.09.2019 cut-off by ofalleligible Updation anditsverification ofBio-data Executive Talent Management Policy. ofsuccessionplanasperCIL Operationalization updation for seniorexecutives (E5 &above) Clearance Vigilance Continuation ofonlineQuarterly ACR/APAR. timeline w.r.t.compliance of prescribed writing ofallexecutivesin respect (E0&above) alongwith Continuation ofOnlinesubmissionACR/APAR Employment provided under Total Manpower 59698 57153 Parameters Meetings EASTERN COALFIELDS LIMITED Number 15899 16520 SC Candidates parameters) Excellent-100% (for 8 of HRParameters. Achievement ofnumber st March, 2020: 27.82 27.67 % Target 2019-20 2019-20 522 191 NIL 05 21 Number 7527 7837 stipulated time. Submitted within the It isunderCIL’s Control. Department. Vigilance byIt isdoneregularly as perschedule. The PMStimelineisfollowed ST Candidates Achievement Annual Report 2019-20Annual Report 2018-19 2018-19 728 305 105 05 20 13.12 13.17 % 91

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 92 Annual Report 2019-20Annual Report development were undertaken: of MoU TargetAs a part the following 15 initiatives for women employees for work life balance as well as leadership Sl. No. Sl. No. 5 4 3 2 1 h. g. f. e. 24th January) ChilddayNational Girl celebrated every (wards ofemployees) (inIinewith Fun forChild Activity/Programme Girl “Chai parCharcha”with GM used intimeofneed Launching ofWomen’s Safety Appto be and homefront 2019) to encourage how to balancework the theme ofInternational Women’s Day #BalanceforBetter theme (inIinewith Areas Females posted Mining inandaround encouragerecognize, andmotivate the #MineforWomen- Thetheme to Implementation ofHRAudit Recommendation. Jan, 2020to March,2020by 30th September, 2019. theattaining age of of50/55years tillthe quarter Committee for the casesofexecutives whowillbe ofInitialReviewSubmission ofrecommendation Management Systems (HRMS) Regular updationofOnlineHumanResource Center within Indiae.g.IITs, IIMs,NITs, ICAI etc. 5%executives ofatatleast training (E0&above) in 1(one)week atleast byprogression imparting Continuation ofTalent Management &Career Initiatives Parameters EASTERN COALFIELDS LIMITED feedback andsuggestions. once ayear chance to provide month)-with the objective of decided by Subsidiary. ModalitiestoSubsidiaries. be childrenfor across girl Conducting funprogrammes the GM(on1 celebrate with their birthday Female employees to emergency numbers. towill sendinformation two thewherein females shout of thisoperation Safety App To complete and preparation home. they balancetheir work and to their share stories ofhow the females encouraged are with the theme all wherein asperfeasibility)Areas inline (inHQor by the Subsidiary To conducta2days’ workshop their Website etc.) andupload the same on Photo,Background, Hobbies (Professional and Family their profile and share brief thearound MiningAreas postedwho are inand To identifyall such females Target st day ofthat Target Sonepur Bazari. September: Salanpur, February: Rajmahal,July: August: Mugma, started. (Personnel) and respective GMs area Chai Par Charchawith Director Hospital, KallaHospital, on14.11.2019. Show 2019 was organized by Central day, Children’s During Healthy Baby January 2020 at Dishergarh Club. 2020atDishergarh January safety applaunched by GoIheldin for useof“112 IndiaApp”afemale Awareness andpromotional program 13.12.2019 atECLHQ. theme #Balanceforbetter heldon telling workshopA story onthe website. 31.01.2020) anduploadedon Completed ontime(within December, 2019. Implemented within 31st action. further been submitted to CIL for (IRC) have recommendations The InitialReview Committee It isbeingdoneregularly. It isunderCIL’s Control. Achievement Achievement Sl. No. 10 12 11 9 8 7 6 gynecological diseases amongst others.gynecological diseasesamongst cancerandany other PCOS, Cervical Lifestyle diseasessuch Cancer, asBreast Awareness onFemales programme checkup) for female employees Organize 2Health camps (regular therapy etc. therapy such asdancetherapy, music focussing onvarious fun Programme WellnessOrganizing Therapeutic focusing onStress Management Organizing Wellness Mental Programme etc. arts martial focussing onYoga sessions, &Meditation Organizing Physical Wellness Programme executives. for E6andabove level female managerial Behavioural SkillsTraining Programme Females Subsidiaries. across be conducted for below E5Managerial Behavioural SkillsTraining to Programme Initiatives EASTERN COALFIELDS LIMITED Subsidiaries to beconducted across At Two least programmes Subsidiaries females posted the across Regular check for all the each Subsidiary Modalities to be decided by each Subsidiary Modalities to be decided by each Subsidiary Modalities to be decided by Disciplinary, lnter-Area Disciplinary, above age Females, Inter age-40 years and Participants Female managerial executives InterDisciplinary, Area years ofage Females, lnter- under39 Participants Target 120 female employees 16.09.2019 which was attended by 31.10.2019 on andatSodepurArea organized atKunustoria on Area cancer, cancer&PCOS were breast Life Style Disease” like cervical Awareness on“Female programs 2019. 26th August, 2019 to 6th September, during ofSodepurArea dispensaries employees have beenorganized inall organized. Health camps for female various such camps have been and It isacontinuousprocess Club. 2020atDishergarh January, Female Employees ofECL’ on15th for Program Organized a‘Wellness female employees. 2019 which was attended by 108 Community hallon11th September 28.08.2019 andatSodepurArea organized atBankola on Area Management andWork Life Balance One day workshop onStress 2019. inNovember Area Sonepur Bazari situation were conducted in at VTC emergency onapproach during Area female employees of Sonepur Bazari karate andself-defense classesfor 23.11.2019. Similarly, three (03)days female employees 21.11.2019 from to heldatPandaveswarprogram for Area (03)days Three Area. self-defense has alsobeenconducted atBankola forMeditation women employees conducted Yoga Area. atJhanjra and for womenprogram employees was underwellnessand Meditation In the month ofOctober 2019, Yoga Dishergarh Club. Dishergarh and 20th July, 2019) organized at Workshop oftwo (02)days (19th July Achievement Annual Report 2019-20Annual Report 93

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 94 Annual Report 2019-20Annual Report Sl. No. Free Check-up Health MedicalCamp underMission 15 14 13 CHAI-PE-CHARCHA female with employees of Programmes onGendersensitization Programmes females subsidiaries. across activityfor Conducting outdoorsports Session for Females Executives Conducting at oneBrainstorming least Rajmahal Area SuDESHH Initiatives EASTERN COALFIELDS LIMITED professional front. aswell as on personal with the Female employees employees to empathize Awareness Male amongst Subsidiaries across from participation the Venue and andTime to decide Subsidiary each Subsidiary Modalities to be decided by Women Empowerment Programme underCSRofECL Target Distribution ofclothes to children the on World Kindness Day underMissionINDRADHANUSH 2019 atECLHQ. Sensitization on27th ofDecember, Organized a workshop on Gender within 31.01.2020. Inter Badminton, Area Athletics etc. activity for female employees like Organized various outdoorsports on8thArea August, 2019. for female employees atMugma session Organized aBrainstorming Achievement 2. 1. 2019-20. Thedetails given are below: to training 1229had imparted aspernew guidelines. ECL hasalsoprovided persons to training workers 3092contractual in for onneedbasisforHRD alsoarrange industrial/vocational ofvarious students Institutes. training In2019-20, company for newly outregularly recruited Management alsocarried are Trainees.Induction programmes have which provide to VTC various area training centers, ourfour fourteen ouremployees HRDtraining includingexecutives. and nonexecutive IICM,atECL,we employees) from for sessionsoutsideIndia.Apart anumberofinternational training number ofexecutives to attend external andsentouremployees programmes training (includingDirectors, seniorexecutives andCommunicationskills.Inaddition, our company for hasarranged asignificant DevelopmentCareer for juniorofficers AdvancedManagers programmes, Maintenance Management practices, Development Training programme, andCoaching, as Advanced Development Management Young Management General Leadership programmes, programmes, programmes, Management (IICM) which was in 1994 formed to programmes executives training by Coal India Limited (CIL) offers such We aimto provide for allcategories continuous training ofemployees throughout the year. IndianInstitute ofCoal Training: 4.c. 4.b. 4.a.iv 4.a.iii 4.a.ii 3 2.ii.c 2.ii.b 4.a.i a. 4 2.ii.a 2.ii 2.i.b 2.i.a 2.i 2 1.ii 1.i 1 2018-19 2019-20

Sl No Details ofvarious training provided during year the 2019-20 ascompared to 2018-19: Action asperAction Plan:HRDPerformance Report Plan(InCompany): Year Simulator training (excluding in-company) Seminar/Workshop Apprentice(Skill dev)Apprentice(Skill PGPT PDPT External (abroad) 3 days ormore Long duration Vocational Trainees: TrainingsOther andSeminars: Short duration Short Out Company Training IICM): than (Other course Short 3 days ormore At IICM: Training External India): (within Less than 3days 3 days ormore General/In-Company Training: Nature ofTraining TOTAL TOTAL Target No. ofCourses 229 236 Actual 249 221 1669 1787 Exe. 259 563 434 109 129 195 Exe. 09 48 34 07 393 645 0 0 0 - EASTERN COALFIELDS LIMITED Supv. Supv. 1394 340 976 627 579 742 411 04 05 07 0 0 0 0 0 0 0 - 2019-20 Target Worker Worker 1550 1425 1683 3105 1229 120 766 915 02 02 71 0 0 0 0 0 0 0 No. ofparticipants 4328 6394 2560 Total Total 1540 1229 1737 2774 226 266 563 108 129 414 38 48 07 18 71 1442 1635 Exe. 620 629 298 322 Exe 479 136 191 04 78 46 57 24 0 0 0 - Supv. Supv. 1378 932 967 950 428 765 167 04 14 0 0 0 0 0 0 0 0 - 2018-19 Actual Worker Worker 2407 1681 4209 2407 1525 2014 393 Annual Report 2019-20Annual Report 277 0 0 0 0 0 0 0 0 0 - 3959 Total 3277 7222 4799 Total 1525 3101 428 205 858 277 479 136 04 82 46 57 24 - 95

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 96 Annual Report 2019-20Annual Report and alsoimprove the overall image ofthe coalsector inthe country. way andsustainable inaright measures willprovide abetter environment to peopleworkinginnearby andresiding areas way. TheSDCcellischaired by Director (Technical) P&Pandconstitutes ofKey HoD’s. Taking upenvironmental mitigation monitorperiodically outby andevaluate environmental mitigation carried the measures company different inaholistic Development“Sustainable atECLto Cell”hasbeenformed work towards generating new ideasto guidelines, plan,prepare Sustainable Development Cell(SDC): Development,SuDESHH (Sustainable Environment, Safety, Health andHygiene)”. climateaddressing change andinclusive growth implementation ofMission inamissionmodethrough company-wide restoration ofecosystem resources, ofnatural &biodiversity,mitigation ofpollution,conservation disposalofwastes, proper of 10 R’s (Reduce, Recycle, Reuse, Redesign, Repurpose, Refurbish, Repair, Recover, Redeploy andRefuse), prevention/ developmentsustainable by protecting the environment through integrated planning & design, deploying project the concept Coal IndiaLimited. TheEnvironment Policy ofECLstates Limited that “Eastern(ECL)iscommitted Coalfields to promote ECL hasformulated andimplemented itsown Environment Corporate Policy which isinlinewith environment policy of Adoption ofCorporate Environmental Policy: with ISO9001:2015,has culminated into Certification aCompany-wide ISO14001:2015 &OHSAS 18001:2015. conditions,the andForest company Clearance Clearance hastaken initiatives green towards development. sustainable This the provisions Acts stipulated Norms, and Rules. in the stepsStatutory Besides taking for better of Environment adherence activities onenvironment isundertaken andadequate environment protective undertaken are measures with inaccordance dealswith Environment &Forest relatedEnvironment matters Department ofECL.Regular monitoring ofimpact ofcoalmining Environmental Protection andConservation: Seasonal Vegetable Cultivation Arhar DaalCultivation Land Restotarion Project over Area Backfilled ofRajmahal OCP EASTERN COALFIELDS LIMITED Tulsi MedicinalPlantsCultivation &Other Bhagalpuri-Katarni RiceCultivation Major Achievements during 2019-20: Sl. No. 10. 3. 2. 5. 4. 6. 9. 8. 1. 7. c. b. a. d. Plantation &Reclamation: Plantation Forest Clearance: Environment clearance: ISOCertification: Bengal State Forest Department. Details of the same are furnished below: DetailsBengal State ofthe furnished sameare Forest Department. Transportaion Road (1.5 Ha). A total of 2,62,500 Nos of saplings has been planted and Westthrough Jharkhand (52.5Ha),External Area OBDump (10.0Backfilled (41.0 Ha),SubsidedArea Ha)andother PlainLands/alongCoal ECL hasundertaken in105.00 Multi-tierplantation Ha(which is11.67% above the target) over Internal OBDump/ iii) ii) i) The major achievement with to regard 2019-20 during Forest Clearance were asunder: 2. 1. standards ofISO9001:2015,standards ISO14001:2015 &OHSAS 18001:2007. Body.by with the continuationofthe The company ISOCertification latest hasbeengranted system certificates Audits bysuccessfully 2(two) Internal Internal Surveillance ISO Auditors Audit and2(two) External Surveillance ECL asawholeisanISO9001:2015 ISO14001:2015 & OHSAS 18001:2007 company. certified ECLhasconducted

Kenda Sonepur Bazari Sripur Satgram Kajora Jhanjra Pandaveswar Mugma Kunustoria Sodepur Name Area ofthe which results in capacity increase of 6.8 MTY over previous capacityof17.00 of6.8MTY which incapacityincrease results Rajmahal from OCP. MTY - Environment for capacityenhancementwasRajmahal Clearance on20.03.2020, obtained OCP(23.80MTY) minesunderSalanpur from Area. augmentation Environment for Cluster Clearance No. 3was on07.08.2019 obtained which willfacilitate production with DivisionalForest Officer,Durgapur. 29.07.2019. Allthe requisites ofonlineapplicationhave beenmadeandthe isunder consideration proposal UGP(1.86Online applicationfor 39.98HaofForest underBankola LandinTilaboni MTY) madeon Area with theis underconsideration Government ofJharkhand. facilitate the advancement ofthe mine.Presently, the for proposal Possession andHandover ofthe Forest Land Stage-II OCPfor East 124.28 ofChitra Forest Clearance on10.07.2019 HaForest Landaccorded which would of the with Forest the Landisunderconsideration Government ofJharkhand. would with capacityof3MTY. aproduction beoperating Presently, the for proposal Possession andHandover ‘C’OCPfor on21.05.2019.Stage-II 260.00Haofforest landaccorded ofHurra Forest Clearance Themine Shankarpur OCP Bonbahal OCP Sonepur Bazari OCP Sonepur Bazari SeamIncline Sripur Nimcha-Amkola OCP Madhabpur OCP J KNagar ofMines Group Jhanjra UGP Jhanjra Khottadih OCP Near RehabNear Bilpahari Site Dalurbandh OldOCP Badjna OCP Chapapur OCP OCP Parasea Dubeswari UG Name Mine ofthe EASTERN COALFIELDS LIMITED Cluster No. 10 10 12 12 12 12 12 12 11 11 11 8 9 1 1 5 Internal OBDump Internal OBDump Subsided Area Internal OBDump Internal OBDump External OBDump Internal OBDump Subsided Area Subsided Area Internal OBDump Other PlanLand Internal OBDump Internal OBDump Internal OBDump Subsided Area Internal OBDump Type ofLand Total Annual Report 2019-20Annual Report Area (Ha) 105.0 20.0 10.0 10.0 15.0 3.0 6.0 5.0 5.0 5.0 2.2 5.0 2.0 6.0 8.0 1.5 1.3 97

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 98 Annual Report 2019-20Annual Report Activities underMissionSuDESHH: a. e. c. b. Scientific Study: Scientific than 50villages. of2507 for Order procurement nos.ofSolarLEDStreet Lighthasbeenplaced. 1100 office. Area SolarLightshave innearby beeninstalled villages covering in5areas ofRaniganj more Coalfields atKenda and20KwPPlantinstalled Area atJhanjra Solar Plantofcapacity45KwP(2Plants)hasbeeninstalled Adopting Renewable Energy OCP, inSonepurBazari Area was submitted by NEERI,Kolkata. ofStudy andWater onCarbonSequestration report Footprint final over 100Draft HaofReclaimed andAfforested Mobile Water at Coal siding engaged sprinkler and Water Tanker in MGM system at Rajmahal has been engaged. Area Dust Suppression through these Rain Water inECL. operating Structures Harvesting square meters. Approximately rechargecubicmeters water 44,000 ofrain annuallyrecharged into the ground waterground levels. TheseRain Water have projects acombined approximate Harvesting top roof of33,800 area of 26Nos. of Roof Top Rainwater System have Harvesting beendeveloped to inECLCommand Area improve the Rooftop Rainwater has been implemented project for water at ground harvesting recharge. A total farmers. provided facility aswellareas for asirrigation 476 of Rabi and46hectares to crop ofKharif hectares support andGangasagar TalabSamurdrabandh were rejuvenated inRajmahal water Ground Area. recharge inthe mining Ground Water Recharge EASTERN COALFIELDS LIMITED Installation ofRoof-Top SolarPlant d. sprinklers havesprinklers inmajor beeninstalled railway emission. to sidingsinorder particulate control Tree Trans planters engaged to 144 transplant under Mission SuDESHH. Fixed Area inSonepurBazari trees water Saving Tress Mist Gunfor effective dust suppression atCHP Tree Transplanter atSonepur Bazari EASTERN COALFIELDS LIMITED Annual Report 2019-20Annual Report 99

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 100 Annual Report 2019-20Annual Report F. No. 15(13)/2013-DPE (GM)dated 21 CSR Policy which isinconsonancewith amendmentofCompanies Act, 2013 andCSRRules, 2014. TheDPEGuidelinesvide company ofCoalIndiaLimited Limited (CIL).ECLhasadoptedEastern (ECL)isasubsidiary Coalfields andimplemented CIL Brief details implementing ofCSRinECLandthe Department: 2013 isasfollows: The amount2%ofAverage before Tax Net Profit/Profit of previous three years aspersection198 ofthe Companies Act, Average Net Company ofthe Profit for years: last three financial hasalsobeen constituted for implementing CSRActivity.Officers conclusion. At the Level, executives Area aCSRCommittee ofmulti-disciplinary includingCommunity Development (CD) level CSRcommittee inCILCSRPolicy, constituted atECLHQ,asspecified co-ordinates concept CSRactivitiesfrom to & CSR)constituted for planning,implementation andmonitoring activitiesofECL.Below ofCSRandSustainability Board committee, headedby IndependentDirector andabelow level Board Committee headedby Manager General (Welfare toIn order steer the agenda CSR & Sustainability ofthe company level ofaBoard comprising has two-tier structure, The Composition ofCSRCommittee: their development andsustainability. have andPrograms Theprojects beendirected inthe atECL: following areas priority the State/State that Itensured poorandneedysectionofthe ofoperation. society to derives the support maximumbenefit the 20%would andremaining fundshould beutilisedwithin bespentwithin of25KmECLHQ/Area/Project the radius People (PAPs) Affected and Project staying of25KmECL.Asperthe inthe provision radius underCILCSRPolicy, 80%of integrated ourbusinesswith by socialprocesses landoustee onunderprivileged, focused makingwelfare measure primarily h) g) f) e) d) c) b) a) Dishergarh. SBI,Sanctoria from to Branch ofHighDrainage the &2culverts Construction Road adjacentto at ECLstadium Swacchh Bharat Abhiyan: Training SC/ST of50nos.MiningSirdar candidates program. under4years training Welfare ofSC/ST: development. for agriculture District) (Aspirational Repair, Renovation &Restoration MaheshpurandGangasagar ofSamudrabandh, Talab, Mahagama atGodda Rural Development &Irrigation: 1200 ofaround Installation villages ofRaniganj inandaround Solar Street Coalfields. LightsatDifferent Ensuring Environmental andEcologicalBalance: ofBituminousRoadConstruction Highway from to Ravi Sri Sri Shankarjee Kajora. Central Ashram, Infrastructure development: ii) i) Skill Development &Women Empowerment: ii) i) andWelfarePublic Health ofDivyangjan: ii) i) Promotion ofEducation: Sanctoria, Paschim WB. Bardhman, Women empowerment through skilldevelopment/upgradation by them inBeautyTherapy training Trade at Maintenance,Operation, Jharkhand. District), Management ofITISikitia,Godda(Aspirational &Upgradation Rainbow for Project Divyang ofAsansolAnandaminAsansol. students both inWest Bengal &Jharkhand. ofMobileMedicalVanServices in240 nos.ofvillage by engaging 6MMVsinnearby 12 ofECL’s Areas operations Kolkata. Rehabilitation Equipment andEssentialequipment for AshaSchool inEastern CommandZone,IndianArmy, School ofState BuildingatMugma,Dhanbad,Jharkhand. Construction ofthe Art EASTERN COALFIELDS LIMITED st October, 2014 01.04.2014 from effective too. isalsoadhered OurCSRinitiatives has CSR Activities 2019-20 ANNEXURE- V b) a) Prescribed CSRBudget for FY2019-20: Profit u/s198Profit onSaleofAssets Less: Profit Before TaxProfit Average for three years net profit However, total the CSRbudget for FY2019-20 was asunder: wouldproduction have been₹10.03 which ishigher. Crore, Hence, asperCSRprovision @2%ofAverage comesto Net atthe Nilwhereas rate Profit of₹2/-pertonne ofcoal yearof previous Budget financial in2018-19 ofCSR.Production was 50.16 MT. previous three years or₹2/-pertonne ofprevious ofcoalproduction year whichever ishigherplusthe unspentamount FundAs perCILCSRPolicy- provisioning by ECLisbasedonthe CSR Policy ofCIL which is2%ofAverage of Net Profit As perCompanies Act, 2013, 2%ofAverage Net comesto Profit ‘Nil’. Total CSRBudget for FY2019-20 Add: Unspent amount ofFY2018-19 CSR budget provision asper₹2/-tonne for CoalProduction FY2018-19 E-Rickshaw were provided to IndianArmy, Eastern Command under CSRofECL Particulars EASTERN COALFIELDS LIMITED 2018-19 [15.30+ (-)1467.22 +1295.23)/3 =(-)52.23 1295.23 1298.39 3.16 2017-18 (-) 1466.73 (-) 1467.22 ₹ 17.86 Crore ₹ 7.83 Crore ₹ 10.03 Crore (-) 0.49 Annual Report 2019-20Annual Report 2016-17 (₹ inCrore) (-) 0.02 15.32 15.30 101

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 102 Annual Report 2019-20Annual Report Place :Sanctoria/New Delhi Date :01.08.2020 CSRSub-CommitteeDirector (Personnel)Chairperson, (Vinay Ranjan) line with Companies Act, 2013 01.04.2014. from andDPEguidelineseffective that the implementationandmonitoringIt ishereby ofCSRpolicyECLisincompliance with confirmed CILCSRPolicy, in Reason for unspentamountfor year the F.Y. 2019-20: List ofactivitiesundertaken by ECLunderCSRisgiven inAnnexure- A. Details ofCSRamountspentduring FY2019-20: the Amount unspentagainst own CSRBudget Amount unspentagainst CSRBudget asperCompanies Act, 2013 Total Expenditure inFY2019-20: As perourown CSRPolicy As perCompanies Act, 2013 Total amountto bespentduring year financial the b) a) utilised asthe works inprogress. already are months of the dueto FYarising COVID-19, delayed the work schedule. Insubsequent year, the fundshallbegainfully fund was allocated for the samebutdueto supplychain issues&compliance issuesofCSRProvisions few inlast Reason for Unspent Amountagainst own CSRBudget- were Projects approved for than more the CSRBudget and budgetprescribed asperCompanies Act, 2013. Reason for unspentasper Companies Act, 2013- isnounspentamount,the There expenditure than ismore the

EASTERN COALFIELDS LIMITED (AnilKumar Ganeriwala) ₹ 11.47 Crore ₹ 17.86 Crore ₹ 6.39Crore Nil Nil No Sl. 10 14 13 12 11 9 8 7 6 5 4 3 2 1 . Construction of 04 nos. room on1 of04nos.room Construction school Pathardda, Deoghar Sarath, and two unitsoftoilets atupgraded of02nos.classroom Construction Salanpur Block” School of at “Fulberia Upper Primary water ofdrinking Arrangement facility Village Madhudanga Village &Bhatmura going children for SonepurBazari, to villagers &school transportation or similartypeofvehicle for Facilitating 02 Nos. ofTrekker Primary School Children Primary for Programme Education Support Primary School Primary Free pump atNimjora of submersible dysfunctional toilets andinstallation making functional the existing Renovation ofSchool Building, Jagneswar Institute Providing 150 benches to Achra Satgram ECL’s Kenda, Sodepur, Salanpur & Mini ScienceLabat15 Schools of Zone, IndianArmy for Asha School inEastern Command Equipment andessentialequipment ofrehabilitation Procurement at GP at Jemari unit through tailoring school uniform Livelihood generation for SHG of AsansolAnandam Rainbow for Project Divyang students Mugma Area (DAV)Mugma Area ofschool buildingat Construction Palajori, Deoghar High School Basbutiya,(upgraded) atUtkramit of02rooms Construction Pakur Shishu Vidya MandiratBaliharpur, wall atSaraswati andboundary floor soldiers andtheir family soldiers forwelfare measure the serving ofE-RickshawProcurement asa Activity CSR Activities for Financial the Year 2019-20 st

Benefit of armed ofarmed Benefit Divyaangjan Divyaangjan Education Education Education Education Education Education Education Education Education Education Education Sector forces EASTERN COALFIELDS LIMITED Budget outlay 7,37,33,515.00 49,29,500.00 24,73,000.00 13,36,000.00 24,92,694.00 21,94,800.00 11,09,095.58 17,70,358.00 13,32,927.00 21,61,627.00 16,57,137.00 9,58,644.00 3,49,408.00 4,10,612.00 Amount Spent 1,54,70,625.00 16,07,128.00 3,34,000.00 12,30,720.00 10,97,400.00 12,47,459.00 37,56,218.00 2,94,835.00 11,12,000.00 6,90,474.00 6,90,358.00 3,43,642.00 8,23,000.00 3,54,535.00 expenditure up to 31.03.2020 6,74,84,625.00 Cumulative 16,06,000.00 12,30,720.00 10,97,400.00 12,47,459.00 51,56,218.00 11,12,000.00 16,07,128.00 9,58,644.00 9,58,644.00 3,34,000.00 6,90,358.00 3,43,642.00 8,65,535.00 9,94,576.00 Annual Report 2019-20Annual Report (Amount in₹) Direct Direct Direct Village Samity Sanctoria Direct Direct Indian Army. Command, Eastern Program TrustProgram Development Rural Sri Sri Foundation Samabhavana Anandam Asansol Direct Direct Indian Army Command, Eastern Direct Spent directly Implementing Implementing or through or through Annexure-A Amount Amount agency 103

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 104 Annual Report 2019-20Annual Report No Sl. 26 20 25 30 29 28 23 22 27 24 18 15 19 16 17 21 31 . Gangasagar Talab, Mahagama Maheshpurand Samudrabandh, Repair, renovation &restoration of to fight COVID-19to fight Virus masks NGOsworking from with ECL Purchase of10,000 nos.offace COVID-19fight Virus Providing CSRfundto to D.C.Jamtara Areas Village Health Camp atdifferent Centre (ATDC),Centre Kunustoria by Training Apparel Project &Design Sewing Machine Operator Training Centre (ATDC),Centre Rajmahal by Training Apparel Project &Design Sewing Machine Operator Training SC/ST candidates Training of 50 nos.ofMiningSardar at Dishergarh ofwardat Dishergarh No. 104 &105 to the Road adjacentto ECLstadium SBI,Sanctoria from Branch culverts of High Drainage Construction & 2 Electrical SkillTrainingElectrical atECL amounting to Sanction ofadditional80candidates management ofITISikitia,Godda maintenanceOperation, and of01a period year management ofITISikitia,Goddafor maintenanceOperation, and Mobile MedicalVan Services training atCIPET,training Bhubaneshwar Ramakanali atITI,Purosottam, trade & Electrician ofequipments forprocurement Fitter ofworkshopsConstruction & Kenda andSodepurArea excluding of ECL. Raniganjareas Coalfields villages command inandaround different ofSolarStreetInstallation at LightProjects turning point turning to turning Chinchuria Hansdihavillage oftotalroad length 1470 mtr. from Strengthening of existing Bituminous PMSGY. Namokeshiafrom Kali Mandirto of480metre PCCRoadConstruction Activity ₹ 48,80,000/-for EASTERN COALFIELDS LIMITED Environment & Sustainability Development Development Development Development Development Development Development Development Development Development Development Healthcare Healthcare Healthcare Healthcare Healthcare Sector Rural Rural Rural Skill Skill Skill Skill Skill Skill Skill Skill Budget outlay 15,29,67,962.00 4,60,33,100.00 4,93,82,136.00 3,16,35,648.00 1,49,41,456.00 48,80,000.00 48,53,465.00 15,42,026.00 16,09,065.00 16,09,065.00 37,00,000.00 93,32,812.00 18,16,000.00 94,44,211.00 5,84,000.00 1,25,000.00 1,00,000.00 Amount Spent 1,30,53,785.00 1,65,13,872.00 1,81,27,917.00 89,70,552.00 12,75,464.00 59,76,583.00 65,81,939.00 28,77,075.00 5,32,350.00 9,08,000.00 5,20,000.00 9,70,693.00 1,23,000.00 1,00,000.00 4,28,194.00 7,62,764.00 98,562.00 expenditure up to 31.03.2020 1,30,53,785.00 Cumulative 4,11,44,467.00 2,57,13,187.00 48,80,000.00 89,70,552.00 48,53,465.00 14,53,000.00 59,76,583.00 65,81,939.00 23,77,464.00 83,21,075.00 5,32,350.00 1,23,000.00 1,00,000.00 4,28,194.00 5,16,475.00 7,62,764.00 ATDC Program TrustProgram Development Rural Sri Sri D.C Jamtara Corporation Municipal Asansol Direct ATDC, Ranchi Program TrustProgram Development Rural Sri Sri Direct Bhubaneshwar CIPET, Direct OPJCC ofJSPL Seba Samiti Sephali Samaj Gobindapur Institute Purosottam Ramakanali HIV HLFPPT &RK Salapur Office BDO Godda Administration, District Pvt. Ltd. Trinix Impex Spent directly Implementing Implementing or through or through Amount Amount agency No Sl. 44 46 45 39 38 36 35 34 43 42 40 33 32 37 47 41 . Total activities by ECLatDelhi of CSR Projects/ on practices best atNewExhibition ofCSRProject Delhi theOrganising Exhibitionduring beauty therapy trade Sanctoria, through skillingthem in skill development/upgradation at Women empowerment through Workshop heldon31st Dec,2019 CSR Halfyearly review meeting & Dhanbad inECLthrough IIT(ISM), performance development andeconomic Responsibility initiatives on local Social Audit for Social Corporate aCorporate andperforming drivers Designing aframework ofkey CSR Workshop Kantha Stitch SkillTraining Project Oyster Cultivation Mushroom empowerment inSanctoria through Livelihood for women Program Block intwo villages ofBarabani reservoir well with of02rigbores Installation water to 08villages Block ofBarabani Extension ofSupplydomestic villages Block ofBarabani waterSupply ofdomestic to 08 CSR Booklet New Delhi Bootcamp at Social Entrepreneurship Seminar onCSR‘2019 by run women Handicrafts of Unnati- A Microenterprise Block water tanker in10 GPsofSalanpur waterSupply ofdrinking through ECL village, Kenda Mouza,, Water to supplyarrangements Kenda Activity Administration Administration Administration Administration Administration Administration Administration Empowerment Empowerment Empowerment Empowerment Water Supply Water Supply Water Supply Water Supply Water Supply Overhead Overhead Overhead Overhead Overhead Overhead Overhead Women Women Women Women Sector EASTERN COALFIELDS LIMITED 45,53,86,841.00 Budget outlay 76,700.00.00 14,19,996.00 24,90,677.00 85,05,717.00 11,81,966.00 32,87,102.00 19,17,950.00 14,61,185.00 9,24,000.00 7,64,320.00 9,77,342.00 8,18,235.00 60,000.00 16,000.00 12,279.00 8,109.00 11,47,57,519.00 Amount Spent 13,77,933.00 11,81,916.00 4,62,000.00 9,58,200.00 8,20,484.00 7,09,998.00 7,49,320.00 8,18,235.00 2,92,237.00 3,18,120.00 60,000.00 22,845.00 16,000.00 76,700.00 12,279.00 8,109.00 23,20,51,570.00 expenditure up to 31.03.2020 Cumulative 14,68,120.00 24,90,677.00 85,05,717.00 32,87,102.00 11,81,916.00 4,62,000.00 9,58,200.00 7,09,998.00 7,49,320.00 7,30,593.00 8,18,235.00 60,000.00 16,000.00 76,700.00 12,279.00 8,109.00 Annual Report 2019-20Annual Report Direct

Direct Dhanbad IIT (ISM), Direct Kalyan Samiti Barjora Samaj Program TrustProgram Development Rural Sri Sri Office BDO Barbani Direct Office BDO Salanpur Direct Direct Direct Direct Society Sundaram Durgapur Direct Durgapur SRREOSHI, Spent directly Implementing Implementing or through or through Amount Amount agency 105

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 106 Annual Report 2019-20Annual Report 2. 1. Philosophy: retire from the Board on ceasing to be officials of . Independent Directors are appointed ofCoal.Independent Directors are by the ofMinistry retire the onceasing to from Board beofficials None of the related Directors are to each other. of Coal, Government Ministry Nominee Directors representing As on 31 notDirectors are to required holdany share. qualification thanmore 15 Directors. TheseDirectors may Directors. The beeither whole-time Functional Directors orpart-time ofAssociationthe company shallnot strength ofourBoard In terms ofArticles belessthan 2Directors andnot the ofIndia. President ofAssociationthe power toLimited AsperArticles capital. paid-upshare with holdsentire appointDirectors rests We aGovernment are company within the meaningofsection2(45)the Companies Act, 2013 asCoalIndia (A) Composition Board: ofthe Board ofDirectors: 2005. appropriate accessto to information the citizensofIndiaunderthe provisions ofRightto (RTI) Information Act, citizenbelievesas agoodcorporate to inadhering governance. ofcorporate the standards highest ECLprovides Transparency, andintegrity accountability governance. the ofgoodcorporate are mainingredients Your company andretainingobtaining ourbusiness. for butalsocrucial ourreputation businessinvestment to preserve which isnotit isanimportant onlynecessary anditsstakeholders’trust expectations. At ECL,itisnot acompliance just with laws andethical instead standards by values usingitscore andflourishes andthe means by the public whichwhich itfulfills anorganization isnurtured is governed inthe interest best ofallstakeholders. believes that Governance Corporate ECLfirmly under isaculture GovernanceCorporate asaset may ofsystems, bedefined which that ensure andprinciples acompany processes regarding Committeeregarding positionsinother publiccompanies ason31 than committeesof more five allthe across publiccompanies inwhich heisaDirector. disclosures Necessary thanin more ten noneofthem than publiccompanies. isamemberofmore Further ten committees orchairman thefrom Government ofIndiawhichever event earlier. occurs None ofthe Directors onthe holddirectorships Board years the from date of assumption of charge or till the orders date of the of superannuation incumbent or till further DirectorChairman-cum-Managing and other whole-time Functional Directorsappointed are for of five a period The age cumManaging Director limitofChairman andother whole-timefunctionalDirectors is60Years. The LimitandTenureAge ofDirectors: of Coal. laiddown timedirectors are byCompany. the Ministry part Theterms andcondition ofnon-official Whole-time Functional ofAssociation ofthe decidedby Directors are the ofIndiainterms President ofArticles Directors ofthe company appointed are by the ofIndia.Theterms President and conditionsofappointment Contract: Service 01.01.2020) De, Functional Chandra Gautam andShri Director (w.e.f. 03.03.2020). Gupta, Functional Director, Vinay Shri Ranjan, Functional Director, B.Veera Shri Reddy, Functional Director (w.e.f. Functional Dutta, Samiran Shri Director (Additional Charge) (w.e.f. 16.08.2019 upto Jaiprakash 03.03.2020),Shri Sanjiv Soni,Functional Director (Upto 10.07.2019), SunilKumar Shri Jha, Functional Director (upto 31.12.2019), Director (w.e.f. 29.10.2019),Official Director (w.e.f. 17.03.2020), Official Time Part AnimeshBharti, Shri Shri 29.10.2019), Director (upto 17.03.2020), Official Time Pati, Bhabani Prasad Part Shri Time Sanjiv Soni, Part Shri Director, Non-Official Time (w.e.f.Part 10.07.2019), Director (upto Official ShyamTime Shri Part Nandan Prasad, Director (upto 16.11.2019),Official AnilKumar Shri Director; Ganeriwala, Non-Official Time Pravin Kant, Shri Part The other Directors onthe ofthe Board Company 2019-20 during were Dr. Non- Time Chakravarty, Indira Part theDuring year 2019-20, was Sagar Director Prem Mishra the Shri Chairman-cum-Mg ofECL. DIRECTORS: toThe Directors bring widerange Board ofexperience andskills. Directors. Non-Official Time Directors and2Part Official Time 2 Part st March, 2020, the of 9 Directors, comprised out of which Board 5 were whole-time Functional Directors, REPORT ONCORPORATEREPORT GOVERNANCE: EASTERN COALFIELDS LIMITED st March,2020have been made by the Directors. ANNEXURE-VI 01 02 03 04 07 06 05 13 12 11 10 09 08 15 14 No Sl. Chairman-cum-Mg. Director,Chairman-cum-Mg. ECL Sagar Prem Mishra Shri Functional Directors: Director (Technical) (upto Operations 31.12.2019) SunilKumarShri Jha Director (Technical) &Planning Project JaiprakashShri Gupta Director (upto (Finance) 10.07.2019) SanjivSoni Shri (w.e.f. 01.01.20) Director (Technical) Operations B.VeeraShri Reddy (w.e.f. 16.08.2019 upto 03.03.2020) Director (Additional (Finance) Charge) Dutta Samiran Shri Director (Personnel) VinayShri Ranjan Dr. (upto Chakravarty Indira 16.11.2019) Director: Time Non-Official Part Economic Adviser, MoC(w.e.f. 17.03.2020) Animesh Bharti Shri Joint Secretary, MoC(upto 17.03.2020) Pati Bhabani Prasad Shri Director CIL(w.e.f. (Finance), 29.10.2019) SanjivSoni Shri Director (Marketing), CIL(upto 29.10.2019) ShyamShri Nandan Prasad Directors: Official Part-time Director (w.e.f. (Finance) 03.03.2020) De Chandra Gautam Shri Shri AnilKumarShri Ganeriwala (w.e.f. 10.07.2019) Pravin KantShri During the financial year the ended31During financial manner. andefficient making inaninformed for meetings procedures ofDirectors andCommittees ofBoard has well defined thereof soasto facilitate decision held at Sanctoria/KolkataMeetings of Directorsnormally of are Board for the convenience of Directors. Company (B) BoardMeetings: Section 149 ofthe Companies Act, 2013. Government ofIndia.TheNon-Executive in the conditionsofindependencespecified IndependentDirectors fulfill Details meetings ofnumberBoard attended by each ofthe given Directors are below: year.meetings inafinancial 30.07.2019, 26.09.2019, 06.11.2019, 16.01.2020 and04.02.2020,asagainst the of4 minimumrequirement Directors st March, 2020, 7 Board meetings March,2020,7Board were heldon09.05.2019, 27.05.2019, EASTERN COALFIELDS LIMITED Held during tenure the NIL NIL 05 02 02 04 05 03 04 05 07 07 07 07 07 Board meetings Attended NIL NIL 05 02 02 04 05 05 03 03 05 07 07 07 07 Annual Report 2019-20Annual Report Directorships No. ofother NIL NIL NIL NIL NIL NIL NIL NIL NIL 02 04 05 01 01 01 107

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 108 Annual Report 2019-20Annual Report (iii) Part-time Non-official Directors: Non-official (iii) Part-time Directors: official (ii) Part-time (i) (D) (C) 3. BoardCommittee: Sl. No. Sl. No. 6. 5. 4. 3. 2. 1. 7. 3 2 1 attending /Committee Board Meetings shown are below. Directors except sittingfee. Details Non-official ofsittingfee isbeingpaidto paidfor No remuneration Part-time Directors by the Company. official ispaidtoNo remuneration the Part-time Functional Directors: Remuneration Director: ofthe 12) 11) 10) 9) 8) 7) 6) 5) 4) 3) 2) 1) inter-aliaBoard includedthe following: hascompleteThe Board accessto any within the information Company. suppliedto regularly Theinformation the Information placedbefore BoardofDirectors: the Board hasconstitutedBoard following Committees ofthe Board: Shri B.VeeraShri Reddy VinayShri Ranjan SanjivSoni Shri JaiprakashShri Gupta SunilKumarShri Jha Shri Gautam Chandra De Chandra Gautam Shri Sagar Prem Mishra Shri Shri AnilKumarShri Ganeriwala Pravin KantShri Dr. Chakravarty Indira Non-compliance of any regulatory andstatutory.Non-compliance ofany regulatory RelationsIndustrial like front signingofwage implementation ofVoluntary agreement, Retirement Scheme etc. andtheir development labour problems solutions.Any proposed significant Significant inHumanResources/ Details ofany jointventure agreement. orcollaboration another that enterprise canhave negative implications onthe company. whichor order may have on the conduct of thepassed strictures company or taken an adverse view regarding Any issue,which involves includingany nature liabilityclaimsofsubstantial possiblepublicorproduct judgement by the company. Any obligations to material infinancial default andby the company, non-payment orsubstantial for goodssold orpollutionproblems. Fatal any accidents,dangerous orserious occurrences, material effluent Show notices cause,demand,prosecution andpenaltynotices which materially are important. andthe Company Secretary.appointment orremoval Officer ofChiefFinancial belowjust the level board including of senior officers and remuneration on recruitment The information Minutes ofmeetings ofauditcommittee andother committees ofthe Board. for results the company divisionsorbusinesssegments. Quarterly anditsoperating budgetsCapital andany updates. plansandbudgetsAnnual operating andany updates. Name ofDirector Name Director ofthe EASTERN COALFIELDS LIMITED 2886589.00 4639078.00 1223965.00 5810780.00 3246387.00 613000.00 Salary Sitting Fee for Board Meeting - 1,05,000/- 75,000/- 75,000/- Benefits 935925.00 365498.00 458571.00 381578.00 718154.00 69238.00 - Committee Meetings Sitting Fee for 6528934.00 3704958.00 5575003.00 1589463.00 3268167.00 682238.00 Total 2,25,000/- 3,00,000/- 2,40,000/- - Superannuated on31.12.2019 Upto 10.07.2019 w.e.f. 01.01.2020 - w.e.f. 03.03.2020 - - Remarks Total (Amount in₹) 3,00,000/- 4,05,000/- 3,15,000/-

15. 14. 13. 12. 11. 10. 9. 8. 7. 6. 5. 4. 3. 2. 1. The scopeofAudit Committee isasfollows:- Scope ofAudit Committee: Audit Committee, constituted by the Company isto comply with the ofthe requirements Companies Act. Your Company hasanindependentAudit Committee. powers ofthe Thecomposition, androle/functions procedures, [A] Audit Committee:

the Parliament. Reviewing the follow upactiontaken (COPU) of onthe ofCommittee recommendations onPublicUndertakings information. required encountered auditwork including any during onthe scopeofactivitiesoraccessto restrictions Any difficulties Reviewing ofthe the C&AG follow upaction onthe auditobservations audit. Reviewing the functioningofthe Blower Whistle Mechanism. (in caseofnon-payment dividends)andcreditors. ofdeclared Looking into the for in the default reasons substantial payment to theshareholders depositors, holders, debenture any ofconcern. area discussiontopost-audit ascertain auditors before the auditcommences,aboutthe andscopeof auditaswellDiscussion with nature statutory as the matter toreporting the Board. ofinternalsystem control orafailure therewhere issuspected ofamaterial orirregularity and fraud nature Reviewing ofany the internal findings investigations by the internal auditors /auditors /agencies into matters Discussion with internal auditor andfollow upthereon. and/orauditors findings any significant appointmentand/orremoval regarding audit andthe information ofInternal Auditor. coverage structure andfrequencyofinternal reporting headingthe department, ofthe andseniority official staffing Reviewing the adequacy ofinternal auditfunction, ifany ofthe includingthe internal auditdepartment, structure Reviewing ofinternal auditors andadequacy ofthe with internal systems. control the management, performance Reviewing, statements with the before submissionto management, financial the the for quarterly Board approval. h) g) f) e) d) c) b) a) applicable laws before submissionto to: the reference for Board approval, with particular Reviewing, with the management statements that incompliance andensuring the with are annualfinancial auditors. statutory Recommendation to by auditors offees rendered for to the any the for Board fixation statutory other services Recommending to ofauditfees. the the Board fixation andcredible. statement sufficient that the iscorrect, financial to information ensure andthe process ofitsfinancial disclosure Overseeing ofthe company’s reporting financial d. c. b. a. The management discussion and analysis of financial condition and results ofoperations. The management conditionandresults discussionandanalysis offinancial and auditreport in the draft Qualifications transactions; ofanyDisclosure related party Compliance with statements; to legal relating requirements financial statements outofauditfindings; madeinthe adjustments arising financial Significant Major involving accountingentries estimates basedonthe exercise ofjudgmentby management; Changes, ifany, inaccountingpoliciesandpractices; in terms ofsection134(5) ofthe Companies Act, 2013; Matters to required beincludedinthe Directors Responsibility Statement to beincludedinthe Board’s report Risk Management Committee. Committee on“CSR”and Sub-Committee for “Evaluation, andApproval Appraisal ofProjects”, Audit Committee, EASTERN COALFIELDS LIMITED Annual Report 2019-20Annual Report 109

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 110 Annual Report 2019-20Annual Report Composition:

Sl.No. Sl. No. 10 1 9 8 7 6 5 4 3 2 4 3 2 1 members andtheir attendancemembers atmeetings given are below: were heldi.e.on09.05.2019, 27.05.2019, 30.07.2019 and26.09.2019, 06.11.2019 theDuring year 2019-20, and16.01.2020. 6(six)meetings ofthe Committee for Evaluation, andApproval Appraisal ofProjects Thedetails of Pravin Kant, Shri Under such IndependentDirector circumstances, was appointed to Chairthe meeting. held on 27.05.2019,of Projects B.P. Shri Pati could not attend the meeting and leave of absence was granted to him. As on31 As on31 during theduring year. However, inthe 41 Director was ofthe the committee chairman Official Pati, JointSecretary, Bhabani Prasad MoC,Part-time Shri Committee. tofor this the Committee Manager isSecretary andGeneral (P&P)istheCompany Nodal Officer Secretary B. Veera Reddy, Director (Technical) (w.e.f. Operations 16.01.2020). Jaiprakashviz. Shri Gupta, Director (Technical) Vinay &Planning, Shri Ranjan, Project Director (Personnel)andShri PravinDirectors viz. Shri Kant Anil Kumar and Shri Ganeriwala (w.e.f. 30.07.2019) Functional and 3 (Three) Directors Director,time Official SanjivSoni,Director viz.Shri CIL(w.e.f. (Finance), 06.11.2019), 2(Two) Non-Official Part-time meetings attended by the eachduring year ofthe members asunder: are 29.07.2019, 25.09.2019, 19.10.2019, 06.11.2019, 16.01.20208 (eight) meetings ofthe Audit Committee year the were 2019-20 heldduring financial and04.02.2020. Details ofnumberAudit Committee on 08.05.2019, 27.05.2019, and Company Secretary is Secretary to the Committee. isSecretary and Company Secretary Director Manager andGeneral (Finance) Internal (Finance) Audit invitees the are permanent to the Audit Committee Director ofthe was Audit the Committee Chairperson the during year. Non-Official Pravin Kant,Shri Part-time (w.e.f.Operations 16.01.2020). (Technical) Vinay &Planning,Shri Ranjan, Project Director B.Veera (Personnel) andShri Reddy, Director (Technical) Director CIL(w.e.f. (Finance), 06.11.2019), Functional and3(Three) Jaiprakash Directors viz.Shri Gupta, Director Kant AnilKumar and Shri Ganeriwala (w.e.f. 30.07.2019), Director SanjivSoni, viz.Shri Official 1(One)Part-time In the 246 [B] Committee for Evaluation, Appraisal andApproval ofProjects Shri Pravin KantShri Shri B.VeeraShri Reddy Shri VinayShri Ranjan JaiprakashShri Gupta SunilKumarShri Jha SanjivSoni Shri ShyamShri Nandan Prasad Pati BhabaniPrasad Shri AnilKumarShri Ganeriwala Dr. Chakravarty Indira Shri AnilKumarShri Ganeriwala Pravin KantShri Dr. Chakravarty Indira B.P.Shri Pati st st March,2020, the Committee for Evaluation, andApproval Appraisal consisted of Projects of1 (One) Part March, 2020,the Audit Committee Pravin Directors viz.Shri of2(Two) comprises Non-Official Part-time th meeting ofthe aCommittee Board, for Evaluation, andApproval Appraisal was ofProjects constituted. Members Members EASTERN COALFIELDS LIMITED st Meeting ofSub-Committee onEvaluation, andApproval ofECLBoard Appraisal Meeting heldduring respective Meeting heldduring respective tenure ofmembers tenure ofmembers 03 06 05 06 08 08 08 06 03 05 08 05 06 01 No. ofMeetings No. ofMeetings attended. attended 03 06 05 05 08 08 06 03 03 05 06 07 01 01 Sl.No. Sl. No. Sl. No. 10 10 5 4 3 2 1 7 6 9 8 2 1 3 5 9 8 7 6 In the 261 [C] Committee onC.S.R. Committee w.e.f. 16.01.2020. andtheir Thedetails attendance ofmembers atmeetings given are below: 16.11.2019 Director ofthe Sub- becameChairman AnilKumarNon-Official Shri and thereafter Ganeriwala, Part-time and 19.10.2019. Director ofthe Dr. Committee was Chairperson upto Non-Official Chakravarty, Indira Part-time theDuring year 2019-20, 3(three) meetings ofthe Committee onC.S.R.were heldi.e.on08.05.2019, 29.07.2019 to for this the Committee. Committee isSecretary andGM(CSR&Welfare)Company isthe Nodal Officer Secretary B.Veeraand Shri Reddy, Director (Technical) (w.e.f. Operations 16.01.2020). Functional3 (Three) Jaiprakash Directors viz. Shri Gupta, Director (Technical) Vinay & Planning, Shri Project Ranjan 30.07.2019), Director, Official Sanjiv Soni, Director viz. Shri 1 (One) Part-time CIL (Finance), (w.e.f. 06.11.2019), and consisted Pravin Directors Kant viz.Shri AnilKumar 2(Two) andShri Ganeriwala (w.e.f. Non-Official Part-time Chairman ofthe committeeChairman the during year. andtheir Thedetails attendance ofmembers atmeetings asunder: are Director was the to the Non-Official Committee isSecretary Pravin Kant, andShri Part-time Company Secretary 16.01.2020. theDuring year 2019-20, 2 (two) meetings of the Risk Management Committee were held i.e. on 29.07.2019 and VinayShri Ranjan, Director B. Veera (Personnel) and Shri Reddy, Director (Technical) (w.e.f. Operations 16.01.2020). (w.e.f. 30.07.2020), Functional 3(Three) Jaiprakash Directors viz.Shri Gupta, Director (Technical) &Planning, Project Committee consisted Pravin Directors Kant viz.Shri AnilKumar 2(Two) andShri Ganeriwala Non-Official Part-time In the 291 [D] RiskManagement Committee. Shri AnilKumarShri Ganeriwala Shri Pravin KantShri Shri B.P.Shri Pati Shri S.N. Prasad S.N. Shri Dr. Chakravarty Indira Shri SanjivSoni Shri Shri S.K.Jha Shri Shri Samiran Dutta Samiran Shri VinayShri Ranjan Shri JaiprakashShri Gupta Dr. Chakravarty Indira Pravin KantShri Shri AnilKumarShri Ganeriwala Shri Samiran Dutta Samiran Shri Prasad S.N. Shri Shri VinayShri Ranjan JaiprakashShri Gupta S.K.Jha Shri SanjivSoni Shri st st meeting ofthe CSRSub-Committee ECLBoard, was constituted. Ason31 meeting of the Risk Management ECL Board, Committee was constituted. As on 31 Members Members Members EASTERN COALFIELDS LIMITED Meeting heldduring respective Meeting held during respective Meeting heldduring respective tenure ofmembers tenure ofmembers tenure ofmembers 02 01 01 03 03 03 03 03 03 03 01 01 01 02 04 06 06 05 04 st No. ofMeetings attended. March, 2020the Committee No. ofMeetings No. ofMeetings attended. attended. st March, 2020, the Annual Report 2019-20Annual Report NIL NIL NIL 02 01 01 03 03 03 03 03 02 06 06 05 03 01 01 01 111

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 112 Annual Report 2019-20Annual Report Branch Auditors: Particulars of Annual General Meeting of Shareholders ofthe Meeting company ofAnnualGeneral ofShareholders 3years last were heldduring asunder:- Particulars Annual General Meeting: Statutory Auditors:Statutory and Auditor accountsofthe ofIndiafor company conductingauditofthe General financial for the year 2019-20: Under Section139 ofthe Companies Act, 2013 were the appointed Accountants following Firms by Chartered the Comptroller Auditors:Statutory 5. 4. 3. 2. 1. 6. 2016-17 2018-19 2017-18 Sl. No. 3 6 5 4 M/s. Maheshwari and Associates, Geetanjali Apartments, Flat No. 6A, 6 FlatNo. 6A, M/s. Maheshwari andAssociates, Geetanjali Apartments, M/s. ADD&Associates, P-168, Sector-B, Metropolitan Co-Operative HousingSociety Ltd.,Kolkata-700105 M/s. Saraf & Chandra, 501, &Chandra, M/s. Saraf Ashoka Street, House,3AHare 5 M/s. Ray &Co.,21A, Shakespeare FlatNo. -8C,8 Sarani, M/s. S.K.Basu&Co.,Tample 2 Chambers, M/s. G.P. Shanker Kiran Ray Road, &Co.,7-A, Agrawal 2 Year Shri S.K.Jha Shri Shri Samiran Dutta Samiran Shri VinayShri Ranjan JaiprakashShri Gupta Date, Time andPlace 09.07.2018 10:00 A.M. 16.07.2017 11:00 A.M. 11:00 A.M. 31.07.2019 Sanctoria Sanctoria Members Kolkata EASTERN COALFIELDS LIMITED Chairman, CoalIndiaLimited.Chairman, Jha, andProxyShareholder A.K. ofShri representative ofCoalIndiaLimited as Coal IndiaLimited, inhercapacityas Sett,Smt. Mita ChiefManager (Finance), Director,Chairman-cum-Mg. ECL Sagar Prem Mishra Shri Operations (MemberofAuditOperations Committee) Shukla,Director B.N. Shri (Technical) Director Marathe, ECL (Finance), A. Shri (Member ofAudit Committee) K.S.Patro, DirectorShri (Personnel), ECL C.K.Dey,Shri Director CIL (Finance), CILand Chairman, Proxy S.Bhattacharya, for Shri. As representative ofCILand Dy. B.Sharma, Shri Mgr. (F),CIL Director,Chairman-cum-Managing ECL S.Chakravarty,Shri Proxy for Shri. A.K. Jha, Chairman, CIL Jha,Chairman, Proxy A.K. for Shri. As representative ofCILand RanjitShri Kumar Singh,Dy. Mgr. (F),CIL (Member ofAudit Committee) C.K.Dey,Shri Director CIL (Finance), Director,Chairman-cum-Managing ECL S.K.Jha, Shri nd Floor, Street, Kolkata-700001 6OldPost Office Meeting heldduring respective Attendance th nd tenure ofmembers Floor, Kolkata-700017 Floor, Kolkata-700001 th Floor, Kokata-700001 02 02 01 01 th Floor, 8BMiddleton Street, Kolkata-700071 No. ofMeetings attended. Special Resolution, if any Yes* 02 02 01 01 - - 6. Audit Qualifications: 5. MeansofCommunications: * SpecialResolution was passedinthe 44 4. DISCLOSURES: three years. No SpecialResolution was passedthrough ballot postal atany Meetingsthe ofthe heldduring above General ofthe members by rotation.” earlier, ofCoal,Govt. ofIndialetter interms no.21/33/2018-BA(iv) ofMinistry dated 17.11.2018. Sheisnot liableto retire Director Time 17.11.2018 ofthe from CompanyPart with effect whichever orders, of one year for is aperiod oruntil further “RESOLVED THAT FURTHER (Dr.) Prof. (DIN07368268), Chakravarty Indira beandishereby reappointed asNon Official 17.11.2018. below: Theextract isreproduced ofspecialresolution whichever orders, isearlier, ofCoal,Govt.until further ofIndialetter interms Ref. ofMinistry No. 21/33/2018-BA(iv) dated Director Time of the 17.11.2018 from Company Part with(DIN 07368268) effect Non Official for of one year a period or 7. Training ofBoardMembers: (f) (d) (c) (e) (b) (a) auditors’ observations onthe accountsofthe company for observations theauditors’ year ended31 It isalways the company’s endeavour statement. Management financial to to reply an unqualified present the statutory review of accountsisalsoconducted annualaccounts,quarterly from auditors by ofthe company. theApart statutory www.easterncoal.nic.in. ofthe company uploaded incompany’s are Performance andFinancial Operational websiteAnnual Report, the Companies Act, 2013 Limited onthe accountsofEastern for Coalfields the year ended31 Annexure Commentsofthe Comptroller to Report. andAuditor Directors’ ofIndiaundersection143(6) General of company’s alsofully aware Directors are ofthe company’s business.ThePart-time businessmodel.Inthis during regard, andexperience. Theyexpertise aware are ofthe businessmodelofthe company ofthe aswell as the profile risk The Functional the Directors oftheir are headsofthe possessingthe respective requisite by functional areas virtue enclosed. During theDuring Year Financial 2019-20, allthe laws applicableto the company hasbeencomplied. Compliance applicablelaws: with Annexure-B. The RiskManagement Committee inits2 Risk AssessmentandMitigation Policy hasbeenapproved by the inits257 ECLBoard Risk Management, Fraud Prevention andIdentification: ofthe requirements Companiespresentational Act, 2013. Accounting Standards andrelevant with statements inaccordance applicablemandatory prepared are The financial Accounting Treatment: Itwas alsouploaded inthe website ofthe companytheir www.easterncoal. affirmation. nic.in. cum-Mg. Director, ECLwas placedinthe 330 De,Director dulysignedby Chairman- Sagar Prem Chandra Mishra, Gautam ECLandShri (Finance), Shri A certificate CEO/CFO Certification: Regular monitoring ofthe Risks associated with the businessisdone. (two) meetings ofthe RiskManagement Committee register were for heldandrisk allthe hasbeenprepared units. to the company and appointed Som, GM (P&P), R.ECL N. as the Shri Chief Risk Officer. the During year 2019-20, 2 its 214 The CodeofConductfor Directors andSeniorExecutives was approved by the ofDirectors ofthe Board company in Code ofConductfor Directors andSeniorExecutives: potential with the conflict interest ofthe company atlarge. As perthe given disclosures by the Directors ofthe that company have transactions there were norelated party Related Transactions: Party th Meeting heldon15 th October, 2007. Thiswas circulated to the Directors andseniorexecutives andobtained th AGM (Dr.) ofProf. ofre-appointment ofECLfor ratification Chakravarty Indira EASTERN COALFIELDS LIMITED nd meeting held on 13.03.2019 inKolkata reviewed the ‘Risks that Matters’ th Board Meeting Board isannexed to the as Governance Corporate Report st March, 2020 are furnished asan furnished March,2020are th Meeting held on 05.11.2012. st March, 2020 are also March, 2020are Annual Report 2019-20Annual Report 113

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 114 Annual Report 2019-20Annual Report 11. Thedate ofsubmissionto DPEofcompleted was data-sheet 16.09.2019. for PE Survey 11. 10. 2019-20, During hasbeenprevented noperson accessto ofthe direct from Audit the Committee. Chairperson 9. Whistle Blower Policy: 8. Shareholding pattern Company: ofthe of Directors (IOD)inHyderabad. Vinay Ranjan, Director (Personnel), ECL were nominated (Masterclass for training for Directors) provided by Institute Jaiprakash Gupta, Director (Technical) Director SanjivSoni,Former &Planning;Shri ECLandShri (Finance), Project Anil KumarShri Ganeriwala, Independent Director, Director S. K. Jha, Former ECL; Shri (Technical) Shri Operations; the FY2019-20, Dr. Chakravarty, Indira IndependentDirector, Former Pravin Kant, ECL,Shri IndependentDirector, ECL; 100% ofthe shares company heldby are CoalIndiaLimited. the out. same was carried with M/s. Transparency International inlinewith the MoUentered into by CILfor implementationofIntegrity Pact and The Board ofyourThe Board company itsapproval hadaccorded inits218 blowers not are subjected to practices. any discriminatory that and ensure theThe management obligated are whistle personnel of such to reporting confidentiality maintain to the Competent Authority. received any from employee Thereports willbereviewed by the Committee. Screening illegal or unethical behavior.reporting Employees violation of laws, or unethical fraud rules, to free conduct are report The company promotes ethical behavior hasputinplacemechanism inallitsbusinessactivities.TheBoard of EASTERN COALFIELDS LIMITED ***** th Meeting heldon27 th March, 2008to signaMoU Date: 10.06.2020 Place: Sanctoria knowledge andbelief: We have reviewed the Statements Financial ofthe Company for the year ended31st March,2020andthat to the ofour best that: Director De,Director functioncertify Chandra & CEO, ECLandGautam for& CFO, (Finance) ECL,responsible the finance Audited Statements Financial for the year ended31st March,2020,we, Chairman-cum-Managing Sagar Prem Mishra, by Managers Finance Managers ofrespective andArea their regarding General Areas/Units Based onthe certifications andadoption.their consideration StatementsThe Financial of ECLfor the year ended31st placedherewith March,2020are before the ofDirectors for Board Eastern Limited Coalfields The BoardofDirectors To We have indicated to the auditors andthe Audit Committee that: aware andthe steps they have taken to orpropose take to these rectify deficiencies. auditors andthe Audit ofsuch inthe Committee, internal ifany, designoroperation controls, deficiencies ofwhich they are andwe have ofinternal systems control disclosedtothe reporting to effectiveness ofthe the company financial pertaining andwe haveWe evaluated reporting accept internalfor for andmaintaining controls responsibility financial establishing illegal orviolative fraudulent, 2020 are ofthe company’s codeofconduct. To the ofourknowledge best entered andbelief,notransactions into by the company the during year ended31st March, Director (Finance) ii. iii. i.

ii. i. accounting standards, applicablelawsaccounting standards, andregulations. These statements together in compliance withand are view andfair existing atrue ofthe present company’s affairs might bemisleading; These statements donot any contain materially statement untrue oromitany material statements orcontain fact that & CFO ECL employee inthe role company’s having asignificant internal system control over reporting. financial We have not becomeawarewith involvement fraud ofany ofsignificant instance therein ofthe management oran limit ofMateriality andmethod ofvaluation ofStock ofCoal; hasnotThere change beenany the except significant inaccountingpoliciesduring period for calculationofthreshold reference; has not theThere under during period changesbeen any significant in internal over control reporting financial CEO ANDCFO CERTIFICATION EASTERN COALFIELDS LIMITED Chairman-cum-Managing Chairman-cum-Managing Director &CEOECL Date: 10-06-2020 Annual Report 2019-20Annual Report ANNEXURE -B 115

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 116 Annual Report 2019-20Annual Report 1. iii. ii. 7. i. 6. Opinion 5. 4. 3. Auditor’s Responsibility 2. Managements’ Responsibility Date: 19 Place: ECL,Sanctoria, Dishergarh

Governance of Eastern Coalfields Limited (hereinafter calledas“Company”) LimitedGovernance ofEastern(hereinafter for Coalfields the year ended31 We J.K. Das & Associates, Company Practicing haveSecretaries, examined the compliance of DPE Guidelines on Corporate The Audit Committee ofthe Company having two independentdirectors outoftotal ason 31 eightmembers directors one-third shouldbeatleast ofthe Members Board 3.1.4 asperpara whereas of Chapter 3ofDPEGuidelinesasapplicableto the Company the numberofindependent were two andninerespectively. Thenumberofindependentdirectors was lessthan one-third ofthe Members, Board The numberofindependentdirectors andtotal ofthe ofDirectors ofthe Board members Company ason31 should not exceed 50%ofthe actualstrength ofthe Board.” 3.1.2 asperpara whereas ofChapternumberFunctional Directors (includingCMD/MD) 3ofDPEGuidelines“The andninerespectively.were five Thenumberoffunctionaldirectors is56%(approx.) ofthe actualstrength ofthe Board, effectiveness with ofthe which the Company.effectiveness Management hasconducted the affairs We state that such compliance or asto isneither anassurance the viabilityofthe future Company northe efficiency Two-thirdsDirectors asmembers. ofauditcommittee ofthe members shallbeIndependentDirectors.” 4.1.1 asperpara 2020, whereas ofChapterAudit Committee 4ofDPEGuidelines“The shallhave minimumthree The numberoffunctionaldirectors andtotal ofthe ofDirectors ofthe Board members Company ason31 GovernanceCorporate asstipulated the inDPEGuidelinesduring year endedMarch31, 2020subjectto the following: providedand the representation by that the the Management, Company we certify hascomplied with the conditionsof Based onourexamination ofthe relevant to andaccording records andexplanations the information provided to us Standard onAudit Engagement issuedby the Institute ofCompany ofIndia(the Secretaries ICSI). We have out an examination carried of the relevant of the records Company with in accordance CSAS-1-Auditing onthe ofproviding compliance assurance with reasonable Governancepurposes Corporate by requirements the Company. We have examined the books ofaccountsandother relevant by anddocumentsmaintained records the Company for the statementson the ofthe financial Company. compliance withensuring the conditionsofthe Governance. Corporate Itisneither anauditnorexpression ofopinion islimitedOur responsibility to examining the andimplementationthereof, adopted procedures by the Company for compliance with the conditionsofthe Governance Corporate stipulated inthe DPEGuidelines. includestheresponsibility design,implementationandmaintenance to ofinternal andprocedures control the ensure The compliance Governance of conditions ofDPE Guidelines onCorporate isthe of the responsibility Management. This to referred as“DPEGuidelines”). in after stipulated Governance inGuidelinesonCorporate PublicSector for Central (CPSEs)dated Enterprises 14.05.2010 (here th Company Secretaries J. K.DAS &ASSOCIATES June,2020 Certificate onCompliance DPEGuidelinesonCorporate with Certificate Governance EASTERN COALFIELDS LIMITED ToThe Members ofEastern Limited Coalfields W :www.jkdas.com [email protected] E :[email protected] M :9831204082 T :24102892/93 KolkataBansdhroni, -700096 Plot No.883, Bijan Kanan Brahmpur, Membership No. FCS7268 For J.KDas&Associates Company Secretaries st March,2020,as ANNEXURE -VII C. P. No. 4250 CS J.KDAS) st st March2020 March2020 st March III. PARTICULARS OFHOLDING, SUBSIDIARY ANDASSOCIATE COMPANIES – All the 10 businessactivitiescontributing ofthe %ormore total turnover ofthe company shallbestated:- II. PRINCIPAL BUSINESSACTIVITIES OFTHECOMPANY I. to [Pursuant section92(3)ofthe Companies Act, 2013 andRule 12(1) ofthe Companies (Management andAdministration) IV. SHAREHOLDING PATTERN (Equity Share Breakup Capital aspercentage ofTotal Equity) 1 Sl. No. No. Sl. vii) vi) v) iv) iii) ii) i) REGISTRATION ANDOTHER DETAILS: 1 a. Sub-total (A)(1):- f) Any Other…. e) Banks/FI d) BodiesCorp. c) State Govt. Govt.b) Central a) Individual/HUF (1) Indian PromotersA. Category of Shareholders ofShareholders Category Kolkata-700156, West Bengal New Town,Area-1A, Rajarhat, Action MAR, Plot No. -AF-III, Coal Bhavan, Premises-04 CIN-L23109WB1973GOI028844 Coal IndiaLimited, Category-wise Share Holding Share Category-wise Coal Name andDescription ofmainproducts Name andaddress ofthe Name, Address details andContact ofRegistrar andTransfer ifany: Agent, NA Whether listed company Yes /No: No PIN-713333, West Bengal. Sanctoria, Post-Dishergarh, Dist.-Burdwan, details:- andcontact CMD’sAddress Office, ofthe Registered office ofthe Company:- PublicLimited CompanyCategory/Sub-Category u/s2(71) ofCompanies Act, 2013 Name ofthe Limited Company:- Eastern Coalfields Registration Date:-01.11.1975 CIN:- U10101WB1975GOI030295 company / services / services mat De- Nil No. of Shares heldattheNo. ofShares beginningof as on the financial year financial as onthe endedon31.03.2020 EXTRACT OFANNUAL RETURN 22184500 22184497 Physical 3 CIN/ GLN EASTERN COALFIELDS LIMITED Form No. MGT-9 the year 22184500 22184497 Holding/ Subsidiary/ Holding/ Subsidiary/ Total Rules, 2014] 3 Holding Company NIC Code of the Product/NIC Codeofthe Associate % ofTotal Shares Shares 99.99 0.01 100 service service 0510 No. of Shares heldattheNo. ofShares endofthe year mat De- Nil % ofshares held 22184500 22184497 Physical 3 100% 22184500 22184497 % to total turnover ofthe Total 3 Applicable Sectionof Companies Act 2013 company % ofTotal Shares Shares 100 % 99.99 0.01 100 Annual Report 2019-20Annual Report 2(46) Annexure-VIII during theduring % Change year Nil Nil Nil 117

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 118 Annual Report 2019-20Annual Report b. i) Individual shareholders i) Individualshareholders b) Individuals ii) Overseas i) Indian a) BodiesCorp. 2. Non-Institutions Sub-total (B)(1):- (specify) i) Others h) Foreign Venture Funds Capital g) FIIs Co. f) Insurance e) Venture Funds Capital d) State Govt. Govt.c) Central b) Banks /FI a) MutualFunds Institutions 1. B. PublicShareholding (A) =(A)(1)+(A)(2) Total shareholding ofPromoter Sub-total (A)(2):- e) Any Other…. d) Banks /FI c) BodiesCorp. b) Other –Individuals a) NRIs-Individuals (2) Foreign Grand TotalGrand (A+B+C) heldbyC. Shares Custodian (B)=(B)(1)+(B)(2) Total PublicShareholding Sub-total (B)(2):- (specify) c) Others ii) Individualshareholders 1 No. Sl capital uptocapital holding nominalshare in excess ofRs1lakh capital holding nominalshare Category of Shareholders ofShareholders Category for GDRs&ADRs Shareholding ofPromotersShareholding Limited Coal India TOTAL Shareholder’s Shareholder’s Name ₹ 1lakh No. ofShares 22184497 22184497 Shareholding attheShareholding beginningofthe year mat De- EASTERN COALFIELDS LIMITED Nil Nil Nil Nil Nil Nil Nil No. of Shares heldattheNo. ofShares beginningof the company 22184500 22184500 Physical Shares of Shares % oftotal 99.99 99.99 Nil Nil Nil Nil Nil the year 22184500 22184500 Total encumbered toencumbered Nil Nil Nil Nil Nil total shares % of Shares % ofShares Pledged / Nil Nil % ofTotal Shares Shares 100 Nil Nil Nil Nil Nil 22184497 22184497 Shares No. of No. of Shares heldattheNo. ofShares endofthe year Shareholding attheShareholding endofthe year mat De- Nil Nil Nil Nil Nil Nil Nil 22184500 22184500 Physical Nil Nil Nil Nil Nil % oftotal company Shares Shares 99.99 99.99 of the 22184500 22184500 Total Nil Nil Nil Nil Nil to total shares encumbered encumbered % of Shares % ofShares Pledged / Nil Nil % ofTotal Shares Shares 100 Nil Nil Nil Nil Nil shareholding shareholding % change in during theduring during theduring % Change year year Nil Nil Nil Nil Nil Nil Nil Nil d. Indebtedness ofthe Company includinginterest butnot outstanding/accrued duefor payment V. INDEBTEDNESS e. c. 3 2 1 Total (i+ii+iii) iii) Interest butnot accrued due ii) Interest duebutnot paid Amount i) Principal yearIndebtedness financial beginningofthe atthe Reduction Addition Change inIndebtedness during year financial the Net Change 3 2 2 1 3 1 No. No. No. Sl. Sl. Sl. Shareholding PatternShareholding oftop ten (other Shareholders than Directors, Promoters ofGDRsandADRs): andHolders Shareholding ofDirectors andKeyShareholding Managerial Personnel: Shareholding during the during year.Shareholding Thedetails given are below: Change (pleasespecify, inPromoters’ Shareholding ifthere isnochange): isnochange There inPromoters’ transfer / bonus/ sweat equity etc): /bonus/sweattransfer equity etc): (e.g.allotment /decrease increase / the year specifyingthe for reasons Promoters during Shareholding Date in /Decrease wiseIncrease At the beginningofthe year At the Endofthe year At the Endofthe year / bonus/sweat equity etc): (e.g.allotment/ decrease /transfer specifying the for reasons increase the during yearin Shareholding Date /Decrease wiseIncrease At the beginningofthe year during theduring year) date ifseparated ofseparation, At the Endofthe year (oronthe / bonussweat equity etc): (e.g.allotment/ decrease /transfer specifying the for reasons increase the during yearin Shareholding Date /Decrease wiseIncrease At the beginningofthe year For Each ofthe Directors andKMP For Each ofthe Top 10 Shareholders Particulars Particulars Shareholding attheShareholding beginningofthe year No. ofshares attheShareholding beginningofthe year No. ofshares attheShareholding beginningofthe year No. ofshares 22184497 22184497 EASTERN COALFIELDS LIMITED Nil Nil 2 2 % oftotal ofthe shares % oftotal ofthe shares % oftotal ofthe shares excluding deposits Secured Loans Secured company company company 99.99 99.99 0.01 0.01 Nil Nil 368.16 368.16 - - - - - NIL Unsecured Cumulative the during year Shareholding Cumulative the during year Shareholding Cumulative the during year Shareholding No. ofshares No. ofshares No. ofshares Loans 1827.58 22184497 22184497 1827.58 139.39 146.00 Nil Nil 6.61 2 2 - - Deposits % oftotal ofthe shares % oftotal ofthe shares % oftotal ofthe shares ------Annual Report 2019-20Annual Report company company company (₹inCrore) 99.99 99.99 Indebtedness 0.01 0.01 Nil Nil Total 1827.58 1827.58 507.55 514.16 6.61 - - 119

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 120 Annual Report 2019-20Annual Report b. a. VI. REMUNERATION OFDIRECTORS ANDKEYMANAGERIAL PERSONNEL No Total (i+ii+iii) iii) Interest butnot accrued due ii) Interest duebutnot paid Amount i) Principal yearIndebtedness financial endofthe atthe Sl No Sl. 6 5 4 3 2 1 1 Remuneration to other directors: Remuneration to ManagingDirector, Whole-timeDirectors and/orManager: Total (A) specify please Others, -others, specify -as %ofprofit Commission Sweat Equity Stock Option Act, 1961 17(3) Income-tax undersection salary inlieuof (c) Profits Act, 1961 17(2) Income-tax perquisites u/s (b) Value of Act,tax 1961 17(1) ofthe Income- insection contained per provisions as (a) Salary salary Gross Total (1) specify Others, Commission committee meetings Fee for attending board/ Directors Independent Remuneration Particulars of Remuneration Particulars of Particulars 3704958.00 3246387.00 458571.00 Shri PS Mishra Nil EASTERN COALFIELDS LIMITED Chakravarty 16.11.2019) Dr. Indira (Upto 315000.00 315000.00 Shri SKJha 31.12.2019) 6528934.00 5810780.00 665337.00 (Upto 52817.00 Nil Nil Nil Shri Pravin Kant Name ofMD/WTD/Manager Jaiprakash 5575003.00 4639078.00 124989.00 810936.00 Gupta 405000.00 Shri 405000.00 Nil Nil Nil Name ofDirectors excluding deposits Secured Loans Secured 10.07.2019) 1223965.00 1589463.00 Shri Sanjiv Soni (Upto 250582.00 114916.00 Nil Nil Nil 368.16 368.00 10.07.2020) Ganeriwala Shri A.K. Shri A.K. 0.16 (w.e.f. 300000.00 300000.00 - 2886589.00 Shri Vinay 3268167.00 307749.00 Ranjan Unsecured 73829.00 Nil Nil Nil Loans 1966.97 1966.97 - - Reddy (w.e.f. Shri B.Veera 01.01.2020) Deposits 682238.00 613000.00 69238.00 Nil Nil Nil Nil - - - - Indebtedness 21348763.00 (Figures in₹) (Figures in₹) (Figures 1020000.00 18419799.00 1020000.00 2357509.00 Amount Amount Total 571455.00 Total Total 2334.97 2335.13 Nil Nil Nil 0.16 - Vii. Penalties /punishment/compounding ofoffences: c. Compounding Punishment Penalty indefault officers c. Other Compounding Punishment Penalty b. Directors Compounding Punishment Penalty a. Company Sl. No. No Sl. 4 3 2 1 Remuneration to key other managerial personnel than MD/Manager/WTD Type Total (B)=(1+2) Total (2) specify Others, Commission meetings board/committee Fee for attending Directors Non-ExecutiveOther Total pleasespecify Others, specify… - Others, - as%ofprofit Commission Sweat Equity Stock Option undersection17(3) inlieuofsalary (c) Profits Act, Income-tax 1961 (b) Value ofperquisites u/s17(2) Act, Income-tax 1961 Act, 1961 asperprovisions insection17(1) contained (a) Salary ofthe Income-tax salary Gross Remuneration Particulars of Companies Act Section of the Section ofthe Particulars ofRemuneration Description Shri B.P. Pati 17.03.2020) Brief (Upto 315000.00 Nil Nil EASTERN COALFIELDS LIMITED Details ofPenalty /Punishment/ Compounding fees imposed (w.e.f. 17.03.2020) Shri Animesh Bharti 405000.00 Nil Nil Name ofDirectors NIL NIL NIL (Upto 29.10.2020) Shri Prasad S.N. 300000.00 Nil Nil Shri Rambabu Pathak [RD /NCLT/ COURT] Company Secretary Authority Shri SanjivSoni 1818026.00 1737373.00 29.10.2020) 53439.00 27214.00 (w.e.f. Nil Nil - - - - if any (giveDetails) Annual Report 2019-20Annual Report Appeal made, 1020000.00 1737373.00 1818026.00 Total Amount 53439.00 Total 27214.00 - - - - 121

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 122 Annual Report 2019-20Annual Report Limited Company” (“the year) for the endedon31 financial I have examined the books, minute papers, and books,other by maintained filed records and returns forms and compliance-mechanism inplaceto the extent, madehereinafter: inthe mannerandsubjectto the reporting 31 that inmy opinion,the audit,Iherebysecretarial Company report the covering has,during auditperiod year the endedon financial providedand alsothe information by agents the Company, the andauthorized representatives during conductof itsofficers, Based onmy ofthe books, verification minute papers, andother books, by maintained filed records the andreturns Company forms compliances andexpressing myconducts /statutory opinionthereon. the Institute ofCompany ofIndia(the Secretaries ICSI)that provided basisfor meareasonable evaluating the corporate Company). Audit Secretarial was conducted to inaccordance StandardAudit onSecretarial the issuedby CSAS-4-Auditing by practices corporate M/s.Eastern Limited (CIN:U10101WB1975GOI030295) Coalfields calledthe (hereinafter We have conducted provisions andthe the to auditofthe adherence secretarial compliance ofapplicablestatutory good West Bengal, India Burdwan-713333 P.O. Sanctoria, Dishergarh, M/s. Eastern Limited Coalfields The Members To, LG/319 dated 18.06.2020, the Company hascomplied with the following to laws the applicablespecifically Company: thereof, ontest-check inpursuance and records given basis,andadeclaration by GM(P/Legal), ECLvideLetter Ref No.-ECL/ that, havingWe to regard report the compliance system prevailing in the Company and on examination of the relevant documents [Pursuant to[Pursuant Section204(1)ofthe Companies Act, 2013 andRule No. 9ofthe Companies (AppointmentandRemuneration (vii) (vi) (v) (iv) (iii) (ii) (i) st March, 2020, complied with the statutory provisions March, 2020, complied withlisted the and also that statutory hereunder the Company Board-processes has proper Secretarial StandardsSecretarial 1and2asissuedby the Institute ofCompany of India. Secretaries dated 14th May, 2010; videtheir ofPublicEnterprises Governance OM.No. 18(8)/2005-GMCorporate Guidelinesissuedby Department The Depositories Act, 1996 andthe Regulations andBye-laws there under; framed (Not the applicableduring Audit Period); The Regulations underthe and Exchange Securities andGuidelinesprescribed ofIndiaAct, Board 1992 (‘SEBIAct’) Period); Investment,Direct Investment Overseas Direct (Not Borrowings andExternal Commercial the applicableduring Audit Foreign Exchange Management Act, 1999 andthe Rules andRegulations madethere underto the extent ofForeign Audit Period); (Regulation) Contracts The Securities Act, 1956 (‘SCRA’) andthe Rules madethere under(Not the applicableduring The Companies Act, 2013 (the Act) andthe Rules madethere under; J. K.DAS &ASSOCIATES Company Secretaries EASTERN COALFIELDS LIMITED For Financial the Year ended31 of Managerial Personnel) Rules, 2014] SECRETARIAL AUDIT REPORT Form No.-MR-3 st March, 2020, according to March,2020,according the provisions of: st March, 2020 W :www.jkdas.com [email protected] E :[email protected] M :9831204082 T :24102892/93 Kolkata -700096 Brahmpur, Bansdhroni Plot No.883, Bijan Kanan Eastern Coalfields ANNEXURE -IX appointment of Independent Directors. During theappointment of Independent Directors. During year under review the Company was not having number of required theWe that of Directors ofthe Board Company report isconstituted further asperthe Companies Act, 2013 except appointment, evaluation andsuccession ofdirectors. framework applicableto to Government Companies isdesigned to ofmatters compliances inrespect ensure pertaining Governance Corporate provisions,mentioned above. the Company certain PSU, Asregards the beingaCentral regulatory theDuring Audit Period, the Company hascomplied with the provisions ofthe Act, Rules, Regulations, Guidelines,etc. 7. 6. 5. 4. 3. 2. 1. Management’s Responsibility effectiveness with ofthe which the Company.effectiveness management hasconducted the affairs or asto is neither AuditThe Secretarial an assurance Report the viabilityofthe future Company norofthe efficacy is the ofmanagement. responsibility Ourexamination was limited to ontest ofprocedure the basis. verification The compliance ofthe provisions laws ofcorporate andother applicableRules, Regulations, Guidelines,Standards etc. Regulations, Standards, Guidelinesandhappeningofevents etc. Wherever we required, have the obtained Management Representation aboutthe compliance ofaforesaid Laws, Rules, We have not examined any other laws except specific asmentioned above. or examined any books, orstatements information other than Books and Papers. We have and Books records and appropriateness not the of financial correctness of Account verified of the Company basisforreasonable ouropinion. We reflected records. insecretarial are facts believecorrect that we the and practices, followed processes provide a ofthethe contents was correctness doneontest Theverification ofthe records. secretarial basisto that ensure We have followed andthe the aswere processes auditpractices appropriate to about assurance reasonable obtain express basedonouraudit. anopiniononthese records secretarial Maintenance isthe ofthe responsibility records ofsecretarial management ofthe Company. isto Ourresponsibility w. v. u. t. s. r. q. p. o. n. m. l. k. j. i. h. g. f. e. d. c. b. a. Company Secretaries J. K.DAS &ASSOCIATES

The Hazardous andOtherThe Hazardous Wastes (Management andTrans Movement) Rules, boundary 2016 Environment Protection Act, 1986 andEnvironment Protection Rules, 1986 Rules, (MinesandCircus) 1963Maternity Benefit The MinesRescue Rules, 1985 The MinesCreche Rules, 1961 Coal MinesPension Scheme, 1998 Indian Electricity Act,Indian Electricity 2003andthe Rules, IndianElectricity 1956 Coal MinesPithead Bath Rules, 1946 Public Liability Insurance Act,Public LiabilityInsurance 1991 andRules madethere under. The Air(Prevention ofPollution) &Control Act, 1981 The Water (Prevention ofPollution) &Control Act, 1974 andRules madethere under The Payment Wages ofUndisbursed (Mines)Rules, 1989 (DevelopmentMines andMinerals andRegulation) Act, 1957 Coal MinesProvident Fund andMiscellaneousProvisions Act, 1948 ConcessionRules,Mineral 1960 The Explosives Rules, 2008 The MinesVocational Training Rules, 1966 andDevelopment Act,Coal MinesConservation 1974 The Payment ofWages (Mines)Rules, 1956 The CoalMinesRegulations, 2017 Order, Control Rules, Control 2004 Colliery 2000andColliery Indian Explosives Act, 1884 The CoalMinesAct,1952 EASTERN COALFIELDS LIMITED W :www.jkdas.com [email protected] E :[email protected] M :9831204082 T :24102892/93 Kolkata -700096 Brahmpur, Bansdhroni Plot No.883, Bijan Kanan Annual Report 2019-20Annual Report 123

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 124 Annual Report 2019-20Annual Report Date: 27 Place: Kolkata matter isundersub-judice. (Development30 ofthe ‘Mines&Minerals &Regulation) Act, 1957 on16.01.2018 andgot the stay on22.01.2018. Now the Companyrevisioncrore. applicationto hasfiled Single Bench Revisional Authority, ofCoal,New DelhiunderSection Ministry mines, RajmahalArea-8 mines and S.P. Area-2 mine) for Mines Area-1 the mentioned above period isabout Rs. 2178.14 2000-01 to 2016-17 underSection21(5) ofthe MMDRAct, 1957. Thetotal for 11 amountofdemandraised mines(Mugma demanding to 11 Limited coalminesofEastern for Coalfields alleged (EC)capacity from violationofEnvironmental Clearance (DMOs)inthe state ofJharkhand CompanyWe that report hasreceived demandnotice MiningOfficers further District from events/actions there isnosuchaudit period specific having major hadtaken onthe bearing Company’s place. affairs We that report further ofthe Companyoperations to monitor compliance with andensure applicablelaws, andguidelines. regulations rules, thereadequateWe that are report systems further inthe andprocesses company commensurate with the sizeand Meetingsdecisions atBoard were noted inthe respective properly minute books. agenda items atthe meeting. before the the underreview, meetingDuring auditperiod andfor meaningfulparticipation all sevenat least days onthe inadvance, andasystem andclarifications information exists for further seekingandobtaining Adequate notice isgiven to alldirectors to schedule the Meetings, Board agenda anddetailed notes onagenda were sent outincompliance with thecarried applicableprovisions ofthe Act. of majority independentdirectors intheir Audit committee. Thechanges inthe composition ofthe ofDirectors were Board Company hasnot complied with the provision ofSection177(2) ofthe Companies Act, 2013 ofthe inrespect requirement Independent Director in their under Section 149 as required Board of the Act. the under review During audit period the th July, 2020 Company Secretaries J. K.DAS &ASSOCIATES as per explanations and management upon by and relied obtained the representations me, during EASTERN COALFIELDS LIMITED W :www.jkdas.com [email protected] E :[email protected] M :9831204082 T :24102892/93 Kolkata -700096 Brahmpur, Bansdhroni Plot No.883, Bijan Kanan UDIN-F007268B000511266 Membership No. FCS7268 For J.KDas&Associates Company Secretaries C. P. No. 4250 CS J.KDAS) 1 2 Sl. No. independent directors intheir Audit committee the Companies Act, 2013 ofthe inrespect ofmajority requirement Company hasnot complied with the provision ofSection177(2) of Section 149 ofthe Act. the underreview During auditperiod the number of Independent Director under intheir as required Board theDuring year underreview the Company was not having required S.P. mine)for MinesArea-1 the mentionedabove period isabout for 11 mines,Rajmahal mines(MugmaArea-8 minesand Area-2 21(5) of the MMDR Act, 1957. The total amount of demandraised 2000-01 (EC)capacityfrom Clearance to 2016-17 underSection LimitedEastern for Coalfields alleged violationofEnvironmental (DMOs) in the state demanding to ofJharkhand 11 coalmines of Company hasreceived demandnotice MiningOfficers District from matter isundersub-judice. Act, 1957 on16.01.2018 andgot the stay on22.01.2018. Now the (DevelopmentSection 30ofthe ‘Mines&Minerals &Regulation) Bench Revisional Authority, ofCoal,New Delhiunder Ministry ₹ 2178.14 Companyrevision crore. applicationto hasfiled Single Management Reply to Secretarial the Audit Report-2019-20 ofECL Observation by Secretarial Auditor EASTERN COALFIELDS LIMITED of Coal,Govt. ofIndia. Appointment ofDirectors inECLisbeingdoneby Ministry independent directors asstated above. Audit Committee isconstituted, butthereonlytwo are her tenure on16.11.2019. appointed on the of ECL w.e.f Board 17.11.2015 completed 10.07.2019). (Dr.) Prof. who was Chakravarty Indira 13.12.2018) AnilKumar andShri Ganeriwala (w.e.f two IndependentDirector Pravin Kant viz. Shri (w.e.f As on31.03.2020 and tilldate, ECLishaving only It isastatement offact. It isastatement offact. Management Reply Annual Report 2019-20Annual Report 125

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 126 Annual Report 2019-20Annual Report (ii) Total Foreign Exchange usedandearned: (i) Sl No (A) (B) services and export plans. andexport services developmentexports, markets ofnew export for products, Activities to initiatives relating taken exports, to increase 1. CIFvalue ofimports: Foreign Exchange used: 3. Expenses on know-how andForeign Consultancy 3. Expensesonknow-how 2. Travelling/Training Expenses 4. Pension to the Foreigners. 5. Others Foreign Exchange Earned TOTAL (b) Components, stores &spares (a) Raw materials (c) Capital goods (c) Capital FOREIGN EXCHANGE EARNING &OUTGO EASTERN COALFIELDS LIMITED Description : Company isnot engaged activities. inexport 2019-20 50.57 43.60 6.82 0.15 Nil Nil Nil Nil Nil ANNEXURE-X 2018-19 (₹ inCrore) 3.65 3.53 0.12 Nil Nil Nil Nil Nil Nil TECHNOLOGY ADAPTATION ABSORPTION, ANDINNOVATION RESEARCH ANDDEVELOPMENT (R&D) 3. 2. 4. 3. 2. 1. 1. FORM FOR DISCLOSURE OFPARTICULARS WITHRESPECTTO TECHNOLOGY (iv) Ifnot this where fullyabsorbed,areas hasnot (iii) Hastechnology beenfullyabsorbed? (ii) Year ofimport (i) Technology imported furnished: year),the following financial may information be the 5years last reckoned the from beginningof technology during In caseofimported (imported etc. substitution, development, import improvement,e.g. product product reduction, cost derived ofthe asaresult aboveBenefits efforts, adaptationabsorption, andinnovation, made towards inbrief, technology Efforts, turnover. Total R&Dexpenditure asapercentage oftotal (c) Total (b) Recurring (a) Capital onR&D: Expenditure Future planofaction. derived ofthe asaresult aboveBenefits R&D. Company out by in which area R&D carried the Specific plans ofaction. taken therefore place,reasons andfuture EASTERN COALFIELDS LIMITED ABSORPTION : : : : : : : : : : : : Nil Nil Nil Nil Nil Nil Nil - - - NA NA NA NA does the for R&D work allthe ofCIL. centrally subsidiaries ofCoalIndiaLimited (CIL) (R&D) set up.CMPDIL,aSubsidiary Company doesnot have itsown Research &Development Annual Report 2019-20Annual Report ANNEXURE-XI 127

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 128 Annual Report 2019-20Annual Report Dated: 12 August 2020 Place: Kolkata, Encl: Asstated. Act, 2013Companies’ Limited statements onthe ofEastern for Coalfields the financial year ended31 March2020. Sir, West Bengal Sanctoria, Limited,Eastern Coalfields Director,The Chairman-cum-Managing To I forward herewith the Commentsofthe ComptrollerI forward &Auditor ofIndiaunderSection143 General (6)(b)ofthe The receipt ofthis letter may pleasebeacknowledged. Sub: OFFICE OFTHEDIRECTOR GENERALOFAUDIT (COAL) OLD NIZAMPALACE, J.C.BOSE ROAD, 234/4, A. March 2020. statements ofEastern Limited for Coalfields year the ended31 Section 143(6) Companies’ (b)ofthe Act, 2013 financial onthe ComptrollerComments ofthe &Auditor General ofIndiaunder INDIAN AUDIT ANDACCOUNTS DEPARTMENT EASTERN COALFIELDS LIMITED GOVERNMENT OFINDIA KOLKATA-700020 CONFIDENTIAL No.70/DGA(C)/Kol/LA-I/Accounts/ECL/2019-20/2020-21 DIRECTOR GENERALOFAUDIT (COAL) (MausumiRay Bhattacharyya) KOLKATA Yours faithfully, Dated: 12 August 2020 Place: Kolkata, undersection143 report auditor’s (6)(b)ofthe Act. uponorsupplementto audit,Ihave commentsto the statutory offer nofurther supplementary during raised selective examination ofsomethe accountingrecords. auditors andislimited auditors to andcompanythe anda primarily statutory ofthe inquiries personnel statutory outindependentlywithout accessto audithasbeencarried of the working papers the Act. Thissupplementary Limited statements ofEastern for Coalfields thefinancial year ended31 March2020undersection143 (6)(a)of 10 August dated their Audit 2020which earlier supersedes Report 10 June2020. under section143 (10) ofthe Act. Thisisstated to have beendoneby them videtheir Revised dated Audit Report under section143 ofthe Act with basedonindependentauditinaccordance onauditingprescribed the standards of Indiaunder section 139General (5)ofthe Act for responsible expressing are statements opinion on the financial oftheresponsibility Management ofthe Company. auditors appointed by Thestatutory the Comptroller andAuditor underthe framework Companies prescribed Act, 2013 reporting within accordance the financial (Act) isthe YEAR ENDED31 MARCH 2020 THE COMPANIES’ ACT, 2013 ONTHEFINANCIAL STATEMENTS OFEASTERN COALFIELDS LIMITEDFOR THE COMMENTS OFTHECOMPTROLLER ANDAUDITOR GENERALOFINDIAUNDERSECTION143 (6)(b)OF In view of the revision made in the statutory auditor’s report, to give effect to some of my audit observations to to someofmy give effect auditobservations In view report, auditor’s ofthe revision madeinthe statutory I, on behalf of the Comptroller and Auditor of India, have audit of the General conducted a supplementary Limited statements ofEasternfor Coalfields the offinancial yearThe preparation ended31 March2020 EASTERN COALFIELDS LIMITED DIRECTOR GENERALOFAUDIT (COAL) Comptroller &Auditor-General ofIndia KOLKATA (Mausumi Ray Bhattacharyya) For andonbehalfofthe Annual Report 2019-20Annual Report 129

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 130 Annual Report 2019-20Annual Report Other MattersOther Emphasis ofMatter Basis for Opinion Opinion Audit onthe Report Financial ofthe Statements INDEPENDENT AUDITORS’ TO REPORT THEMEMBERSOFEASTERN COALFIELDS S. N. b. a. for the current period. for the current management through mediumandwere digital accepted asauditevidence whilereporting were madeavailable by records out electronically remote by the access.Thenecessary imposed by the Government/local Hence,the were auditprocesses carried administration. Due to the COVID-19 pandemic, nationwide lockdown and other travel were restrictions ofsuch unitauditors. solely onthe report asitrelatesfar to theofthose includedinrespect amountsanddisclosures units,isbased audited have by to the been furnished unitauditors us,andouropinioninso whosereports statements statements. ofthese inthe Thefinancial unitshaveconsidered financial been Our opinion is not modified in respect ofthis inrespect matter.Our opinionisnot modified on itsbusiness. to closelymonitor any material changes economicconditionsandimpact future from arising for the year endedonthat date. (includingOther Comprehensive Income),changesand itsprofit inequity anditscashflows generally ofthe accepted Company asat31st inIndia,ofthe state ofaffairs March,2020, Accounting Standards) Rules 2015 asamended(“IndAS”)andother accountingprinciples undersection133Standards prescribed ofthe Act, with read the Companies (Indian andgivemanner sorequired view with andfair the atrue inconformity IndiaAccounting to statements us,the gives aforesaid financial by required the information the Act in the In ouropinionandto to andaccording the ofourinformation best the explanations given (“the Act”). audited by the Auditors Branch appointed underSection139 ofthe Companies Act, 2013 /Units audited and7Areas by usand(b)19the accountsof:(a)HeadOffice /Units Areas statements”) to referred inwhich incorporated are as“financial after (herein information accounting policies and other of significant explanatory statements, including a summary Equity andthe Statement ofCashFlows for the year then endedandnotes to the financial andLoss(includingOther Comprehensive Income),theof Profit Statement ofChanges in financial statements for thefinancial year ended 31 management’s impact ofCOVID-19 assessmentthat there isnosignificant pandemic onthe We draw attention to note statements No. 38(7)(O) of the which financial explains the andappropriate to providehave abasisfor ouropinion. issufficient obtained with these andthe requirements ICAI’s CodeofEthics. We believe that the auditevidence we the Rules thereunder, and we have our other fulfilled ethical in accordance responsibilities that relevant are to statements ourauditofthe underthe financial provisions ofthe Act and AccountantsInstitute ofIndia(“ICAI”) ofChartered together with the ethical requirements We independentofthe are Company with inaccordance the CodeofEthics issuedby the in the Auditor’s Responsibilities for the Auditstatements ofthe sectionofourreport. financial section 143(10) described ofthe Act. underthose Ourresponsibilities further Standards are We conducted with ourauditinaccordance the Standards onAuditing under (SAs) specified Company’), which the comprise BalanceSheet asat31 We have audited the Limited accompanyingstatements ofEastern (‘the Coalfields financial March, 2020andtotal revenue of the total companystatements reflect whosefinancial assets of We didnot statements auditthe of19 financial statements unitsincludedinthe of financial LIMITED ANDMANAGEMENT REPLY EASTERN COALFIELDS LIMITED ₹ Auditors’ Report 12,521.36 for the Crore year endedonthat date, as st March,2020.Further, the company willcontinue st March,2020andthe Statement ₹ 5,289.17 asat31 Crore st

It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. Management’s Reply Information Other than the financial statementsInformation financial the andAuditor’s than Thereon Other Report S. N. c. iii. ii. i. state that: of Comptroller and Auditor of India, we General further audit of the office On supplementary solely to the amendmentmadeto Other Matters para. oneventsOur auditprocedure subsequent to isrestricted the date ofthe report original the Report. Original India, supersedes ofthe revisedbeen suitably Comptroller to andAuditor considerthe observations of General statements inthe ofthe financial Company. figures whichreported has Thisauditreport, we have Thisrevised hasnoimpact onthe Audit revised the Report. Report saidOriginal section 143(6)(a) of the Act of the in respect matters dealt with below herein under (i) to (iii), of the Comptroller andAuditor observations of India under date. General to Pursuant certain statementsthe asapproved financial by the ofDirectors ofthe Board Company oneven We dated hadissuedanAudit Report 10th atKolkata Report”) Original June2020(‘The on therein, we to required are communicate the matter to those charged with governance. ifwe concludethat there Report, isamaterialWhen we the misstatement read Boards’ to bematerially misstated. statementswith the orourknowledge financial appears inthe obtained auditorotherwise and,indoingso,considerwhetherinformation the other ismaterially information inconsistent statements,In connectionwith isto ourauditofthe ourresponsibility financial the read other express any conclusionthereon. ofassurance form statementsOur opiniononthe doesnot financial cover the other andwe information will not the date ofthis report. auditor’s is expected Report thereon). The Boards’ to be made available report our auditor’s to us after (butdoesnot statements includethe and Report financial the comprises Boards’ information The Company’s for ofDirectors isresponsible the Board other Theother information. ofthe onthereliance other work doneby auditors andthe andremote reports audit. ofthe inrespect below aboverequirements not are modified matters with to respect our on other statementslegal and regulatory Our opinion on the and our report financial financial statements for thefinancial year ended 31st March2020. Commissioner, 2020.Thesaiddemandhasnot Goddaon2ndApril inthe beenconsidered onminingactivitiesofRajmahaloperation ofthe Area Company by hasbeenraised Deputy A DemandNote amountingto policy onmateriality. is nomaterial statements impact onthe ofthe financial Company, dueto such revised “Accounting Policies, Changes inAccounting itisto Estimates state andErrors”, that there statementsconsolidated ofCoalIndiaLimited”. financial Incompliance to IndAS8, policy “0.50%oftotal levies) revenue audited asperlast (net operation ofstatutory from statementsaudited ofthe financial Company”; asagainst the previous accounting year’s not exceed 1%oftotal levies) revenues asperthe (net last operation ofstatutory from andomissioninaggregateand adjusted year the during current does ifallsuch errors omissions discovered year inthe to current treated relating are periods asimmaterial prior to state that, the Management haschanged the baseofmaterial concept “Errors, where Inviting attention to no. 2.23.1.2 para Accounting Policies of Significant “Materiality”, it is statementson the ofthe financial Company. to state that, the adoption ofAppendixCto IndAS12 doesnot have any material impact andexplanationsinformation available to usandincompliance to itis the saidstandard, over underIndAS12. treatment incometax when thereuncertainties are Onthe basisof rates, andtax credits losses,unusedtax base,unusedtax loss),tax taxable profit/(tax to incometaxes. Theinterpretationuncertainties isto beappliedto the determination of to IndAS12 “IncomeTaxes” AppendixCto wherein IndAS12 the accountingfor clarifies Inviting attention to Note 36“Tax statements Expenses”ofthe andamendment financial ₹ 34.38 Crore against 61.05 34.38Crore Government acre landfor Auditors’ Report EASTERN COALFIELDS LIMITED statements for the quarter considered in the financial intheconsidered financial It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. Management’s Reply The samehasbeen ending June2020. Annual Report 2019-20Annual Report 131

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 132 Annual Report 2019-20Annual Report Auditor’s Responsibility for Financial auditofthe the Statements Responsibilities ofManagement Charged andthose Governance with for IndASFinancial the Statements S. N. professional skepticism throughout the audit.We also: with of an audit in accordance SAs, we exerciseAs part professional judgment and maintain statements.of these financial beexpectedreasonably to taken the economic decisions ofusers influence onthe basis material considered andare if,individuallyorinthe aggregate, orerror fraud they could will always detect amaterial misstatement whenitexists. Misstatements from canarise butisnotof assurance, aguarantee that anauditconducted with inaccordance SAs that includes our opinion. Reasonable is a high level assurance report issue an auditor’s material from free misstatement,as awholeare whether dueto orerror, fraud andto Our objectives to are aboutwhether statements assurance reasonable obtain the financial process. for alsoresponsible ofDirectors overseeing are The Board the company’s reporting financial alternative butto doso. Directors either intends to liquidate the Company orto orhasnorealistic ceaseoperations, related basisofaccountingunlessthe to of andusingthe Board goingconcern goingconcern the Company’s ability to disclosing, as applicable, matters continue as a going concern, statements, the the for ofDirectors isresponsible financial assessing Board In preparing material viewfair from free andare misstatement, whether dueto orerror. fraud relevant statements to ofthe that andpresentation financial give the and preparation atrue andcompleteness the for ensuring accuracy effectively operating ofthe accountingrecords, design, implementation and maintenance of adequate that controls, were internal financial and accounting policies;makingjudgmentsandestimates that andprudent; reasonable are and detecting andother selectionandapplicationofappropriate frauds irregularities; with the provisions ofthe Act for safeguardingofthe assets ofthe Company andfor preventing alsoincludesmaintenanceThis responsibility ofadequate inaccordance accountingrecords under Section133 ofthe Act with read relevant issuedthere under. rules generally accepted inIndia,includingthe IndianAccounting Standards (Ind AS)prescribed in equity andcashflows ofthe Company with inaccordance the accountingprinciples total comprehensive income,changes performance, position,financial view ofthe financial the Act with to statements respect ofthese that the financial give preparation andfair atrue The Company’s for ofDirectors isresponsible the Board matters stated inSection134(5) of • • • • continue asagoingconcern. However,report. events future orconditions may cause the Company to cease to basedontheconclusions are auditevidence upto obtained the date ofourauditor’s statements or,financial inadequate, ifsuch are disclosures to modifyouropinion.Our towe to required are the drawattention related inthe report disclosures inourauditor’s exists,ability to If we conclude that continueasagoingconcern. a material uncertainty exists related to events orconditionsthat doubtonthe may Company’s significant cast accounting and,basedonthe auditevidence whether obtained, amaterial uncertainty Conclude on the appropriateness of management’s basis of use of the going concern accounting estimates andrelated madeby disclosures management. Evaluate the appropriateness ofaccountingpoliciesusedandthe of reasonableness system ofsuch controls controls. internal effectiveness financial inplaceandthe operating we for alsoresponsible expressing are ouropiniononwhether the company hasadequate that appropriateprocedures are Under section143(3)(i) inthe circumstances. ofthe Act, ofinternalrelevant control anunderstanding toObtain the to auditinorder designaudit intentional orthe override omissions,misrepresentations, ofinternal control. ishigherthan error, forfraud from oneresulting may asfraud involve collusion,forgery, ofnotbasis for ouropinion.Therisk detecting amaterial misstatement from resulting and appropriatethose to risks, provide audit evidenceand obtain a that is sufficient whether responsive dueto auditprocedures to orerror, fraud designandperform Identify andassessthe risks ofmaterial misstatement statements, ofthe financial EASTERN COALFIELDS LIMITED Auditors’ Report It isastatement offact. It isastatement offact. Management’s Reply Report onotherReport Legal Requirements andRegulatory S. N. 3. 2. d. b. h. 1. e. g. a. c. f. of preparation of the financial statements; ofthe financial of preparation with inagreement the are relevantthis Report books for ofaccountmaintained the purpose Income), the Statement ofChanges inEquity andthe CashFlows Statement dealtwith by The BalanceSheet, the StatementandLoss(includingOther Comprehensive ofProfit this report; preparing the Act by Unit auditors have beensentto usandhave dealtwith by beenproperly usin onthe accounts ofthe Units ofthe CompanyThe reports audited underSection143(8) of ourexamination from asitappears so far ofthose books ofother auditors; andthe reports booksIn ouropinion,proper by ofaccount asrequired law have beenkept by the Company forofouraudit; the purposes knowledge andbeliefwere necessary We have all sought theand and explanationsobtained information which to the of best our byAs required Section 143(3) that: ofthe Act, we report statementsthe ofthe accounts andfinancial Company. complying the suggested methodology ofaudit,the actionstaken thereon anditsimpact on statement onthe issuedby directions, the Comptroller andAuditor ofIndiaafter General underSection143As required (5)ofthe Act, we give inAnnexure a ‘II’to this report, ‘I’, 3and4ofthe astatement order. inthe onthe paragraph matters specified GovernmentCentral ofIndiainterms ofsection143(11) ofthe Act, we give inthe Annexure byAs required the Order, Companies (Auditor’s Report) 2016 (“the issuedby Order”) the applicable,relatedindependence, andwhere safeguards. them andother allrelationships matters that may bethought reasonably to bearonour with relevant ethical independence,andto regarding requirements communicate with We alsoprovide those charged with governance with astatement that we have complied ininternal that control we ouraudit. identifyduring deficiencies includingany significant auditfindings, planned scopeandtimingofthe auditandsignificant We communicate with those charged with governance among other regarding, matters, the work; and(ii)to evaluate misstatements statements. ofany inthe identified financial the effect qualitative factors in (i) planning the scope of our audit work and in evaluating the of our results statementsuser ofthe may financial We beinfluenced. considerquantitative materiality and in aggregate, makes that itprobable the knowledgeable economicdecisionsofareasonably Materiality isthe magnitudeofmisstatements statements inthe that, financial individuallyor (Accounts) Rules, 2014; underSection133Standards specified ofthe Act with read Rule 7ofthe Companies statementsIn ouropinion,the comply with aforesaid financial the IndianAccounting not applicableto the Government Company; Section164(2) Affairs, of Corporate to ofDirectors, is ofthedisqualification Act pertaining toIn pursuance the No. G.S.R.463(E)dated Notification 05.06.2015 issuedby the Ministry Company, for stated reasons therein; ofthe over controls reporting ofthe internal financial financial effectiveness operating units not opiniononthe expresses adequacy audited and anunmodified by us.Ourreport ofthe 19 report andthe auditors’ in Annexure ‘III’which reports isbasedonourauditor’s the ofsuch Company refer to controls, effectiveness andthe ourseparate operating report of toWith respect over the controls reporting adequacy of the internal financial financial applicable to the Government Company; Section197 Affairs, of Corporate to isnot ofthe managerial Act remuneration, pertaining toIn pursuance the No. G.S.R.463(E)dated Notification 05-06-2015 issuedby the Ministry • transactions andeventstransactions inamannerthat achieves presentation. fair including the andwhether disclosures, statements the the represent underlying financial Evaluate the overall andcontent statements, structure ofthe presentation, financial Auditors’ Report EASTERN COALFIELDS LIMITED It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. Management’s Reply Annual Report 2019-20Annual Report 133

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 134 Annual Report 2019-20Annual Report S. N. i. iii. ii. to to andaccording the ofourinformation best the explanations given to us: Rule 11 ofthe Companies (Audit andAuditors) Rules, 2014, asamended,inouropinionand toWith respect the other matters to with beincludedinthe inaccordance Auditor’s Report i. and Protection Fund by the Company. wasThere noamountwhich was to to required betransferred the Investor Education which there were any material foreseeable losses; The Company didnot have any includingderivative long-term contracts for contracts statements –Referits financial Note 38to statements; the financial The Company positionin hasdisclosedthe impact ofpendinglitigations onitsfinancial EASTERN COALFIELDS LIMITED Auditors’ Report It isastatement offact. Management’s Reply the financial statements financial Companythe ofthe for year the ended31 Referred to inparagraph Legal ofeven onOther Requirement’ &Regulatory heading‘Report 1underthe ofourreport date to SL. No. iii. vi. iv. ii. v. i. applicable to the Company. 186 ofthe Act. Accordingly, the provisions not ofclause3(iv)the are Order of loans,investments, guarantees, covered andsecurity undersection185 and examined by us,the Company hasnot entered into any inrespect transaction According to andexplanations the information given to usandasperrecords (iii) (a)to not (c)ofthe are Order applicableto the Company. undersection189maintained ofthe Act. Accordingly, the provisions ofclause3 covered orother inthe register parties limited liabilitypartnerships firms, The Company has not granted any to or unsecured, loans, secured companies, and have dealt with inthe beenproperly books ofaccount. Sodepur Workshop the where noticed discrepancies were material innature Works,and Foundry (ii)MugmaRegional Workshop, and(iv) (iii)MugmaArea inventory to ascompared except bookrecords for (i) Engineering No material have discrepancies beennoticed onphysical ofthe verification toin relation the sizeofthe Company. ofstock Thefrequencyofverification andadequate isreasonable department. coal. Physical Verification ofstores was conducted by team ofinternal audit The management hasconducted physical ofyear-end verification stock of purchasedby ofimmovable thec. Thetitledeeds in respect properties assetsb. Thefixed have beenphysically by verified the management atregular a. TheCompany showing records fullparticulars, proper hasmaintained not applicable. of Deposit)Rules, 2015 with to regard the depositsaccepted the from publicare to 76 orany other relevant provisions ofthe Act andthe Companies (Acceptance directives issued by and the the provisions Reserve of Sections 73 The Company hasnot accepted any the depositsfrom publicandhencethe made adetailed examination ofthese records. have by beenmaintained the Company. However, asnot we required, have not Government under section148 (1)of the Act. Thesaidaccountsandrecords examined by by andaccountshasbeenprescribed us,the the records cost According to andexplanation the information given to usandasperrecords Kolkata-700 071 was not available for ourverification. inbuildingsituated at12C,(ii) titledeedfor apartment SinhaRoad, Lord of724.72documents/deeds inrespect and oflandisinprogress hectare the nameofthe Company except that(i) of Compilation andreconciliation Government landandforest landacquisition underForest Act heldin are Act, 1973, Acquisition LandBearing (A&D)Act, 1957, of transfer direct acquired under Coal Mines Nationalizationfor immovable properties Company heldinthe are nameofthe Company documents andownership assets offixed respect physically the during year. verified Basedonourreview,intervals. nomaterial were discrepancies noticed in including quantitative details assets. andsituationoffixed ANNEXURE ‘I’to INDEPENDENTAUDITORS’ the REPORT of even date Financial onthe Statements ofEastern Limited Coalfields Auditors’ Report EASTERN COALFIELDS LIMITED st March, 2020 of available records/documents. andithasbeendoneinrespect process isanongoing immovable property digitization ofdocuments/deeds further purchaseisinprogress, direct 724.72 HAofLandacquiredthrough ofthedocuments/deeds inrespect Compilation of and reconciliation It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. Management’s Reply Annual Report 2019-20Annual Report 135

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 136 Annual Report 2019-20Annual Report SL. No. xiii. viii. xvi. xiv. xii. vii. xv. ix. xi. x. any disputes given are inAppendix1to this report. Duty/Excise Duty/Value Added Tax that have not beendeposited onaccountof Tax/Customs tax/wealth ofduesincometax/sales in respect tax/Service examined by us,the amountsinvolved andthe dispute where forum ispending b. According to and explanationthe information given to us and as per records thanmore sixmonths the from date they becamepayable. of thein respect above as at 31st were in arrears March, 2020 for of a period to andexplanations the information given to us,noundisputed amountspayable Cess, andany dueswith other the appropriate authorities. According statutory Employees State Income-Tax, Insurance, Tax, GoodsandService Customs Duty, duesincluding Provident indepositingundisputed Fund,been regular statutory examination of the books the of account, and records, Company has generally a. According to andexplanations information given to usandonthe basisofour the Company. Accordingly, the provisions of clause 3 (viii) notof the are Order applicable to the or from institution government and has not issued any debentures. examined by us, the Company has not taken any bank, financial loan from According to andexplanations the information given to usandasperrecords during theduring year. oremployeesor onthe Company hasbeennoticed orreported by itsofficers explanations given by by that thenofraud management,the Company we report and andthe information Based uponthe performed auditprocedures for which thepurpose loanswere obtained. given to us,money by raised way ofterm loanshave beenappliedfor the the basis of ourexamination to andaccording andexplanations the information On (includingdebtinstruments). publicoffer orfurther way ofinitialpublicoffer explanations given by the management, the Company hasnot moneys raised by and andthe information Based uponthe performed auditprocedures applicable to the Company andhencenot commented upon. The provisions ofclause3(xii)the NidhiCompany regarding Order not are Accordingly, 3(xi)ofthe isnot Order applicableto paragraph the Company. Section197 Affairs, of Corporate isnot applicableto the Government Company. no. GSR 463(E) datedAs per notification June 05, 2015 issued by the Ministry standards. statements bydisclosed inthe asrequired financial the applicableaccounting incompliance withare section177 and188 ofthe Act andthe details have been explanations given by the management, with the alltransactions related parties and andthe information Based uponthe performed auditprocedures Order are not are Order applicableto the Company. Bank ofIndiaAct, 1934 andaccordingly, the provisions ofclause3(xvi)the The Company isnot to required beregistered undersection45IAofthe Reserve the Company. Accordingly, the provisions not ofclause3(xv)the are Order applicableto any connected with directors non-cashtransactions orpersons with them. explanations given by the management, the Company hasnot entered into and andthe information Based uponthe performed auditprocedures applicable to the Company. review. Accordingly, the provisions not ofclause3(xiv)the are Order allotmentpreferential orprivate the during year placementofshares under explanations given by the management, the Company hasnot madeany and andthe information Based uponthe performed auditprocedures EASTERN COALFIELDS LIMITED Auditors’ Report It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. Management’s Reply Disputed have Duesthat not beendeposited No. Sl. 10 18 15 14 13 16 12 17 11 1 9 8 7 6 5 4 3 2 1961 Income Tax Act, Act, 1956 SalesTaxCentral Act, 1956 SalesTaxCentral Act, 1956 SalesTaxCentral Act, 1956 SalesTaxCentral Act, 1956 SalesTaxCentral Act, 1956 SalesTaxCentral 1944 ExciseCentral Act, 1944 ExciseCentral Act, 1944 ExciseCentral Act, 1961 Income Tax Act, 1961 Income Tax Act, Act, 1956 SalesTaxCentral Act, 1956 SalesTaxCentral Act, 1956 SalesTaxCentral Act, 1956 SalesTaxCentral Act, 1956 SalesTaxCentral Act, 1956 SalesTaxCentral Name of the Statute Income Tax CST CST CST CST CST CST Excise Duty Central Excise Duty Central Excise Duty Central Income Tax Income Tax CST CST CST CST CST CST Nature ofthe Dues 2010-11 to A.Y. 2017-18 A.Y. 1993-94 &A.Y. 2012-13 F.Y. 2011-12 &F.Y. 2013 &F.Y. 2013-14 2006toApril, August, 2008-09 05, F.Y. 2006-07 to F.Y. F.Y. 2001-02, F.Y. 2004- F.Y. 2017-18 1995-96 F.Y. 1989-90 to F.Y. 2001-02 F.Y. 1999-00 &F.Y. 2015-16 F.Y. 2014-15 &F.Y. 2017 March, 2011 to June, 2016 2014April, to March, 2006-07 A.Y. 2003-04to A.Y. 2011-12 A.Y. 2010-11 &A.Y. F.Y. 2002-03 & F.Y. 2015-16 2005-06 to F.Y. 2010-11 93, F.Y. 2003-04,F.Y. F.Y. 1990-91, F.Y. 1992- F.Y. 2000-01 10 &F.Y. 2014-15 F.Y. 2003-04,F.Y. 2009- 2010-11 to F.Y. 2012-13 03, F.Y. 2007-08 &F.Y. F.Y. 2000-01, F.Y. 2002- 1995-96, F.Y. 1999-00, F.Y. 1992-93 to F.Y. 1979-80, F.Y. 1990-91, F.Y. 1978-79, F.Y. F.Y. 2015-16 Period to which the amount relates EASTERN COALFIELDS LIMITED CIT(A), Asansol DCCT, Deoghar Tribunal, Ranchi TaxesCommercial CCT, Ranchi Taxes, Kolkata Commercial West Bengal Commissioner, Addl. KolkataCourt, Hon'ble High ACCT, Deoghar Ranchi (CAG) Director ofAudit, O/O the Principle CESTAT, Kolkata CCE, Bolpur KolkataCourt, Hon'ble High ITAT Ranchi Tribunal Court, Circle Dy C.C.T, J.C.C.T, Dumka Dumka J.C.C.T (Appeal), Dhanbad J.C.C.T (Appeal), DCCT, Godda Arbitration panel Arbitration Commissioner / Court /Labour Court address oftheaddress Name and Amount Under Consideration Consideration ( ₹ inCrore) 1,031.79 874.25 287.14 40.06 10.82 10.88 11.78 23.11 3.35 0.58 1.66 1.39 0.31 4.74 5.15 0.14 2.12 5.19 Amount ( in Crore) 189.36 47.95 0.00 2.30 0.66 0.29 0.00 0.00 0.02 0.00 0.00 3.29 0.00 0.00 9.01 0.91 0.31 0.14 ₹

Annual Report 2019-20Annual Report Items. Unrecognized clause no.6. Accounts under Notes to in Additional as debts)shown acknowledged company not against the liability (claim in contingent included are disputed dues However, these of fact. It isastatement Management’s Appendix 1 Reply 137

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 138 Annual Report 2019-20Annual Report No. 26 25 23 22 20 36 35 34 33 32 30 29 28 27 24 Sl. 19 21 31 2005 VATJharkhand Act, 2005 VATJharkhand Act, 2005 VATJharkhand Act, 2005 VATJharkhand Act, 2005 VATJharkhand Act, 2005 VATJharkhand Act, Act, 1956 SalesTaxCentral Act, 1956 SalesTaxCentral 2005 VATJharkhand Act, MMDR Act, 1957 MMDR Act, 1957 MMDR Act, 1957 Act, 2003 West Bengal VAT Act, 2003 West Bengal VAT Act, 2003 West Bengal VAT 2005 VATJharkhand Act, 2005 VATJharkhand Act, 2005 VATJharkhand Act, Name of the Statute JVAT JVAT JVAT JVAT JVAT JVAT CST CST JVAT Royalty Royalty Royalty WB VAT WB VAT WB VAT JVAT JVAT JVAT Nature ofthe Dues EASTERN COALFIELDS LIMITED F.Y. 2012-13 2009-10, F.Y. 2011-12 & 01, F.Y. 2002-03,F.Y. F.Y. 1999-00, F.Y. 2000- 1992-93 to F.Y. 1996-97, 80, F.Y. 1990-91, F.Y. F.Y. 1978-79, F.Y. 1979- F.Y. 2015-16 F.Y. 2012-13 2006-07 to F.Y. 2008-09 F.Y. 2004-05&F.Y. 2001-02 F.Y. 1997-98 to F.Y. 1995-96 F.Y. 1989-90 to F.Y. F.Y. 2014-15 2013-14 F.Y. 2012-13 &F.Y. 10 &F.Y. 2014-15 F.Y. 2003-04,F.Y. 2009- F.Y. 1999-00 2005-06 September, 2003 &F.Y. 2007-08 &F.Y. 2008-09 1997, F.Y. 1990-91, F.Y. May, 1973 to December, 2013-14 F.Y. 2012-13 &F.Y. F.Y. 2016-17 F.Y. 2017-18 F.Y. 2002-03 & F.Y. 2016-17 2006-07 to F.Y. 2008-09 93, F.Y. 2003-04,F.Y. F.Y. 1990-91, F.Y. 1992- F.Y. 2000-01 Period to which the amount relates Dhanbad J.C.C.T (Appeal), DCCT, Godda DCCT, Deoghar CCT, Ranchi ACCT, Deoghar KolkataCourt, Hon'ble High Kolkata Revisional Board, Appellate and TaxesCommercial West Bengal KolkataCourt, Hon'ble High Dumka J.C.C.T (Appeal), Officer Mining District D.C., Deoghar Dumka Officer, Certificate Tribunal, Kolkata WB Taxation Asansol Commissioner, Sr. Joint Taxes, Kolkata Commercial West Bengal Commissioner, Addl. Ranchi Tribunal Court, Chirkunda Circle Dy C.C.T, J.C.C.T, Dumka Arbitration panel Arbitration Commissioner / Court /Labour Court address oftheaddress Name and Amount Under Consideration Consideration ( ₹ inCrore) 15.37 17.02 14.13 5.66 9.09 0.32 0.59 0.40 0.56 0.23 1.96 1.54 0.01 0.76 0.76 3.17 1.15 7.76 Amount ( in Crore) 0.00 0.00 0.00 0.00 2.05 0.00 0.00 0.00 0.00 0.00 0.00 3.89 0.00 0.00 0.70 0.27 1.58 1.52 ₹

Items. Unrecognized clause no.6. Accounts under Notes to in Additional as debts)shown acknowledged company not against the liability (claim in contingent included are disputed dues However, these of fact. It isastatement Management’s Reply No. 44 46 45 43 42 40 39 38 37 Sl. 41 Total 1976 Act,Production Employment and West Bengal Rural 1976 Act,Production Employment and West Bengal Rural 1976 Act,Production Employment and West Bengal Rural Act, 1973 Education Primary West Bengal Act, 1973 Education Primary West Bengal Act, 1973 Education Primary West Bengal MMDR Act, 1957 MMDR Act, 1957 MMDR Act, 1957 MMDR Act, 1957 Name of the Statute 5,867.55 Cess Employment Rural West Bengal Cess Employment Rural West Bengal Cess Employment Rural West Bengal Cess Education Primary West Bengal Cess Education Primary West Bengal Cess Education Primary West Bengal Environment Royalty Royalty Royalty Nature ofthe Dues 264.25 2001-02 F.Y. 1997-98 to F.Y. 2016-17 F.Y. 2009-10 to F.Y. & F.Y. 2008-09 2005-06, F.Y. 2007-08 F.Y. 2002-03to F.Y. 2001-02 F.Y. 1997-98 to F.Y. 2016-17 F.Y. 2009-10 to F.Y. & F.Y. 2008-09 2005-06, F.Y. 2007-08 F.Y. 2002-03to F.Y. 2009-10 F.Y. 2000-01 to F.Y. September, 2003 March, 1996 & 1991; 1994; April, 1986;April, February, to 31.12.05 F.Y. 1997-98 &24.09.03 2009-10 F.Y. 2008-09&F.Y. Period to which the amount relates EASTERN COALFIELDS LIMITED Tribunal, Kolkata WB Taxation Asansol Commissioner, Sr. Joint Kolkata Beliaghata, Commissioner, Spl. Tribunal, Kolkata WB Taxation Asansol Commissioner, Sr. Joint Kolkata Beliaghata, Commissioner, Spl. Delhi of Coal,GOINew Authority, Ministry Revisional Court Hon'ble Supreme Ranchi Court, Hon'ble High Officer, Godda Mining District Arbitration panel Arbitration Commissioner / Court /Labour Court address oftheaddress Name and Amount Under Consideration Consideration ( ₹ inCrore) 2,178.14 135.26 306.16 613.34 113.55 29.93 18.05 72.19 5.92 0.09 Amount ( in Crore) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ₹

Annual Report 2019-20Annual Report Items. Unrecognized clause no.6. Accounts under Notes to in Additional as debts)shown acknowledged company not against the liability (claim in contingent included are disputed dues However, these of fact. It isastatement Management’s Reply 139

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 140 Annual Report 2019-20Annual Report Directions underSection143(5) Companies ofthe Act, 2013 Sr. No. 3. 2. 1. List theList casesofdeviation. utilised as peritsterms andconditions? agencies accounted were properly for/ schemes Central/State from specific Whether fundsreceived/receivable for yes, impact may the financial bestated. company’s inabilityto repay the loan?If by alenderto the company dueto the ofdebts/loans/interest etc. made off existing loanorcases ofwaiver/write Whether there ofan isany restructuring implications, ifany, may bestated. the accountsalongwith the financial outside ITSystem onthe integrity of ofaccountingtransactions of processing through ITSystem? Ifyes, the implications to allthe process accountingtransactions Whether the Company hassystem inplace Referred to in paragraph 2 under the heading ‘Report onOtherReferred Legal Requirement’ofour to 2underthe &Regulatory heading‘Report inparagraph report ofeven datereport to statements the ofthe financial Company for the year ended31st March,2020: ANNEXURE ‘II’to INDEPENDENTAUDITORS’ the REPORT Auditors’ Report of even date Financial onthe Statements ofEastern Limited Coalfields EASTERN COALFIELDS LIMITED for year the ended31 terms andconditions. accountedproperly for/utilized asperits scheme Central/State from agencies were Yes, fundsreceived/receivable for specific There is no such case during the isnosuchThere caseduring year. Office. manuallyinKolkata383.53 Crore) Sales (balance asonthe balancesheet date of advance customer received rail from Yes, subjectto maintenance ofsub-ledger Auditor’s Comments st March, 2020 ₹

It isastatement offact. It isastatement offact. done after duereconciliation. done after andwillbe same isunderprogress customer. Implementation of the of advance receipt Rail from generationregarding of sub-ledger Provision exists incoalNet system Management Reply Annexure ‘A’ S. N. 2. 3. 4. 1. new heap,if any, created the during year? the competent authority was for obtained maps inallcases?Whether approval of accompanied by are contour reports Whether physical stock measurement done keeping inview the contour map. Whether coalstock was measurement requisite procedure? followed the subsidiary the concerned Ifso,whether ofanarea. split/ restructure atthe time ofmerger/ and properties physical exercise verification of assets Whether the company hasconducted the utilization offundthe account. companies. Also,examine or itssubsidiary each mineshave by beenmaintained CIL Whether separate escrow accountsfor and accounted for? hasbeendulyconsidered court supreme mining asimposed by the Hon’ble Whether the impact ofpenaltyfor illegal appointed for auditofCoalIndiaLimited anditssubsidiaries for year the ended31 Additional –directions underSection143 Companies (5)ofthe Act, 2013 Auditors to Statutory Auditors’ Report ANNEXURE ‘II’to INDEPENDENTAUDITORS’ the REPORT of even date Financial onthe Statements ofEastern Limited Coalfields for year the ended31 EASTERN COALFIELDS LIMITED the competent authority. New heapscreated the during year have the approval of accompanied by contour maps. The physical are stock reports measurement contour map. Coal Stock was measurement donekeeping inview the There is no such case during the isnosuchThere caseduring year. Escrow the accountsduring year. for each mine.Further, nofundwas these utilizedfrom Yes, separate Escrow accounts have been maintained however, stayed the execution ofthe saiddemandnotice. shown asContingent Liability. ofCoalhas, TheMinistry Rajmahal, which MugmaandSPMinesareas hasbeen of the of capacity in respect maximum production Government for coal in excess of producing Jharkhand isademandnoticeThere ofRs.2178.14 from Crore Auditor’s Comments st March, 2020 st March, 2020: It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. Management Reply Annual Report 2019-20Annual Report Annexure ‘B’ 141

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 142 Annual Report 2019-20Annual Report Meaning ofInternal Financial Controls Over Financial Reporting Auditor’s Responsibility Management’s Responsibility for Internal Financial Controls Sr. No. Report on the Internal onthe FinancialReport Controls underClause(i)ofSub-section3Section143 Companies ofthe Act, 6. 3. 2. 1. effect on the financial statements. onthe financial effect unauthorized acquisition, use,ordisposition ofthe company’s assets that couldhave amaterial of the company; prevention regarding and(3)provide assurance reasonable ortimely detection of the company with beingmadeonlyinaccordance authorizations are of management anddirectors within accordance generally accepted and that accounting principles, receipts and expenditures of statements of financial to preparation permit as necessary recorded thatare assurance transactions anddispositions ofthe the assets transactions reflect ofthefairly company; (2)provide reasonable to the maintenance that that,procedures (1)pertain detail, inreasonable ofrecords accurately and A company’s overInternal Control Financial includesthose policies and Reporting Financial statements for external with in accordance generally accepted purposes accounting principles. of financial and the preparation reporting the regarding of financial reliability assurance reasonable A company’s over Internal Control Financial designedto isaprocess provide Reporting Financial System over Reporting. Financial appropriate to provide abasisfor ourauditopinion onthe Company’s Internal Controls Financial and to referred below, in Other Matters paragraph auditors interms oftheir issufficient reports We believe that the auditevidence we have andthe obtained auditevidence by obtained the other or error. assessment ofthe risks ofmaterial misstatement statements, ofthe whether financial dueto fraud on the assessed selectedrisk. The procedures depend on the judgement, auditor’s including the exists, andtesting andevaluatingofinternal based control effectiveness the designandoperating overof Internal Controls Financial assessingthe that risk amaterial Reporting, Financial weakness audit of Internal over Controls Financial an understanding included obtaining Reporting Financial SystemInternal Controls Financial Our over effectiveness. andtheir operating Reporting Financial to procedures auditevidence obtain Our auditinvolves aboutthe adequacy ofthe performing inallmaterial respects. effectively overControls was andifsuch operated andmaintained controls established Reporting Financial the auditto aboutwhether assurance reasonable obtain adequateand perform Internal Financial Those Standards andthe GuidanceNote that require we comply with ethical andplan requirements and,bothof Internal Controls Financial issuedby the Accountants Institute ofIndia. ofChartered Act, to the extent applicableto both anauditofInternal Controls, Financial applicableto anaudit Standards onAuditing, issuedby ICAI anddeemedto undersection143(10) beprescribed ofthe Note onAudit over ofInternal Controls Financial (the “GuidanceNote”) Reporting Financial andthe based on our audit. We Reporting Financial conducted with our audit in accordance the Guidance is toOur responsibility express an opinionon the Company’s overInternal Controls Financial underthe asrequired Act. information, financial ofreliable andthe timelypreparation records, the prevention theand completeness and detection accuracy and errors, of frauds of the accounting toconduct ofitsbusiness,includingadherence company’s policies, the safeguardingofitsassets, andefficient the for ensuring orderly thatInternal Controls effectively Financial were operating includetheof India.Theseresponsibilities design,implementation andmaintenance ofadequate overInternal Controls Financial issuedby the Reporting Financial Accountants Institute ofChartered theconsidering essentialcomponents ofinternal stated control inthe GuidanceNote onAudit of criteria by established the basedonthe Companycontrols internalover control reporting financial The Company’s management internal for andmaintaining financial isresponsible establishing the Company for the year endedonthat date. (“the Company”) as of 31 We Limited have ofEastern Coalfields audited over controls reporting the internal financial financial ANNEXURE‘III’to INDEPENDENTAUDITORS’ the REPORT of even date Financial onthe Statements ofEastern Limited Coalfields st March, 2020 in statementsconjunction with our audit of the of financial EASTERN COALFIELDS LIMITED Auditors’ Report 2013 Act”) (“the It isastatement offact. It isastatement offact. It isastatement offact. It isastatement offact. Management’s Reply Matters in the report of the audit of financial statements. ofthe auditoffinancial Matters inthe report of IndiaunderSection143 (6)(a)ofthe Companies Act 2013 ofthe inrespect matter dealtwith underclause(c)ofOther Date of audit report: 10Date ofauditreport: The audit report dated 10The auditreport UDIN: 20066421AAAAGQ795 Other MattersOther Inherent ofInternal Limitations Financial Controls Over Financial Reporting Opinion Sr. No. 8. 7. Company is based on the corresponding reports ofauditors ofsuch units. Company reports isbasedonthe corresponding of the over Internal Controls Financial asitrelates insofar to Reporting, Financial 19 unitsofthe underSection143(3)(i)Our aforesaid report of the Act effectiveness onadequacy andoperating AccountantsInstitute ofIndia. ofChartered in the GuidanceNote onAudit oover ofInternal Controls Financial issuedby the Reporting Financial criteria by established the Company the considering essentialcomponents ofinternalstated control in conditions,orthat the ofcompliance with degree the may policiesorprocedures deteriorate. overInternal Controls Financial may Reporting becomeinadequate Financial becauseofchanges overInternal Controls Financial to subjectto are periods Reporting Financial future the that risk the maydue to orfraud occurandnot error bedetected. ofany Also,projections evaluation ofthe the management possibilityofcollusionorimproper override material ofcontrols, misstatements Because of the of Internal limitations over inherent Controls Financial including Reporting, Financial operating effectively asat31 effectively operating system over andsuch over Internal Controls Financial were Reporting Financial Reporting Financial In our opinion, the Company has, in all material an adequate respects, Internal Controls Financial th August 2020 th June 2020 has been revised pursuant to the observations ofthe Comptroller to June2020hasbeenrevised andAuditor pursuant the observations General st March, 2020, based on the internal control over financial reporting March,2020,basedonthe internalover control reporting financial Auditors’ Report EASTERN COALFIELDS LIMITED It isastatement offact. It isastatement offact. It isastatement offact. Management’s Reply Annual Report 2019-20Annual Report 143

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 144 Annual Report 2019-20Annual Report EASTERN COALFIELDS LIMITED ANNUAL “ “ACCOUNTS FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 146 Annual Report 2019-20Annual Report a. Property, Plant&Equipments Non-Current Assets ASSETS b. Capital Workb. Capital inProgress c. Exploration andEvaluationc. Exploration Assets d. Other Assets Intangible g. Financial Assetsg. Financial f. Investment Property Assetse. Intangible underDevelopment i. Other non-current assetsi. Other non-current Taxh. Deferred Assets (net) b. Financial Assetsb. Financial a. Inventories Current Assets Total Non-Current Assets (A) a. EquityCapital Share Equity AND LIABILITIES EQUITY Total Assets (A+B) Total Current Assets (B) Assetsd. Other Current Taxc. Current Assets (Net) b. Other Equity Total Equity (A) InterestsNon-Controlling Equity attributable to equityholders company ofthe i. Investments ii. Loans iii. Other Assets Financial i. Investments ii. Trade Receivables iii. Cash&equivalents iv. Other BankBalances v. Loans vi. Other Assets Financial EASTERN COALFIELDS LIMITED EASTERN COALFIELDS LIMITED (A subsidiary ofCoalIndiaLimited) (A subsidiary BALANCE SHEET BALANCE Note No. 10 15 14 13 12 16 17 11 3 4 5 6 7 8 9 7 8 9 31-03-2020 15,969.54 10,093.37 1,882.88 1,882.88 Asat 3,873.27 5,876.17 2,218.45 3,316.46 3,168.82 (335.57) 1,197.05 503.72 842.52 285.87 473.31 359.13 615.75 973.16 267.07 93.28 0.08 0.05 - - - - 31-03-2019 ( ₹ 13,283.50 in Crore ) inCrore (1,169.94) As at 5,031.85 8,251.65 1,048.51 1,048.51 2,992.37 2,218.45 4,186.82 1,621.92 448.48 448.48 600.00 303.54 420.56 392.96 305.65 845.06 499.94 478.68 187.35 0.08 0.09 - - - - b. Provisions Liabilities a. Financial Non-Current Liabilities Liabilities c. Provisions Liabilities b. Other Current Liabilities a. Financial Current Liabilities Total Non-Current Liabilities(B) Liabilities c. Other Non-Current Company Secretary (RAMBABU PATHAK) The Accompanying Statements. ofFinancial Notes anintegral part form Additional Notes onAccounts Accounting PoliciesSignificant Information Corporate Total Equity andLiabilities(A+BC) Total Current Liabilities(C) Taxd. Current Liabilities(Net) Place: Sanctoria/Kolkata Date: 10-06-2020 ii. Other Liabilities Financial i. Borrowings iii. Other Liabilities Financial Total duesof Creditors other outstanding than andsmallenterprises micro Total andsmall enterprises duesof micro outstanding ii. Trade Payables i. Borrowings G.M. (Finance) Director Director G.M.(Finance) Chairman-cum-Managing (Finance) (MD.TASHFEEN) (GAUTAM CHANDRADE) EASTERN COALFIELDS LIMITED (A subsidiary ofCoalIndiaLimited) (A subsidiary BALANCE SHEET(Contd.) BALANCE EASTERN COALFIELDS LIMITED DIN-08725907 DIN-07379202 Note (PREMSAGAR MISHRA) No. 20 23 20 22 38 18 18 19 21 21 2 1 31-03-2020 As per our report annexed As perourreport CA Rakesh Kumar Singh Membership No. 066421Membership 15,969.54 FOR G.P. Agrawal &Co. Chartered Accountants Chartered 8,324.32 5,762.34 Asat 3,703.91 1,959.81 1,015.73 1,227.08 1,810.01 3,901.17 F.R.No.302082E 368.16 95.84 2.78 2.17 Partner - Annual Report 2019-20Annual Report 31-03-2019 ( ₹ 13,283.50 in Crore ) inCrore As at 5,213.47 7,021.52 1,820.96 1,248.98 1,728.81 3,691.91 3,317.73 351.82 74.78 - - - - 147

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 148 Annual Report 2019-20Annual Report (XIV) (VIII) (XIII) (VII) (XII) (VI) (IV) (XI) (IX) (III) (V) (X) (II) (I) A B Tax exp ofdiscontinuedoperations Other ComprehensiveOther Income for yearProfit the (IX+XIIXIII) inJV’s/Associate’sShare profit/(loss) Profit/(Loss) from discontinued operations (after Tax) (after discontinuedoperations from Profit/(Loss) (X-XI) Profit/(Loss) from discontinuedoperations from Profit/(Loss) Profit for yearProfit the from continuing operations (VII-VIII) Tax expense Profit beforeProfit Tax (V-VI) Exceptional Items Profit beforeProfit exceptional items andTax (III-IV) Sales (Net) Other Operating RevenueOther Operating (Net) Revenue from Operations Total Expenses Depreciation/Amortization Costs Finance Contractual Expense Contractual Repairs Power &Fuel Corporate SocialResponsibilityCorporate Expense Employee Expense Benefits in-Trade Changes inInventories Goods,Work-in-Progress ofFinished andStock- Cost ofMaterialsCost Consumed Expenses Total Income(I+II) Revenue from Operations (A+B) Other Income Stripping Activity Adjustment Other Expenses Write off Write off Provisions i. Items orloss to that willnot profit bereclassified STATEMENT OFPROFIT ANDLOSS EASTERN COALFIELDS LIMITED EASTERN COALFIELDS LIMITED (A subsidiary ofCoalIndiaLimited) (A subsidiary 3,4,5 Note No. 37 36 32 30 29 28 26 25 35 34 33 27 24 24 31 For Year the 31-03-2020 13,953.20 13,338.43 12,451.85 12,823.74 Ended 1,501.35 1,501.35 7,655.22 1,974.85 (218.20) 997.65 997.65 (86.86) 503.70 465.88 635.08 286.92 434.35 134.43 681.90 178.21 514.69 614.77 80.39 11.48 ------For Year the 31-03-2019 ( ₹ 13,449.31 13,907.49 12,609.10 in Crore ) inCrore 12,914.35 1,298.39 1,298.39 Ended 1,930.38 7,448.47 748.77 748.77 534.96 549.62 494.98 109.50 456.24 642.47 (61.39) 476.39 458.18 721.71 163.10 141.12 141.12 16.46 8.28 ------Company Secretary (RAMBABU PATHAK) The Accompanying Statements. ofFinancial Notes anintegral part form Additional Notes onAccounts Accounting PoliciesSignificant Information Corporate (XVI) Place: Sanctoria/Kolkata Date: 10-06-2020 (XV) Earning perequity (in share Earning (Loss) andOther Comprehensive Incomefor the period) Total Comprehensive Incomefor the year Profit (XIV+XV)(Comprising Total Comprehensive Other Income (Face Value of 2. Diluted 1. Basic iv. to relating Incometax orloss items to that profit willbereclassified orloss iii. Items to that profit willbereclassified to relating ii. Incometax items to that willnot profit bereclasfsified or loss ₹ 1000/- pershare) G.M. (Finance) Director Director G.M.(Finance) Chairman-cum-Managing (Finance) (MD.TASHFEEN) (GAUTAM CHANDRADE) STATEMENT OFPROFIT ANDLOSS (Contd.) EASTERN COALFIELDS LIMITED ₹ ) (A subsidiary ofCoalIndiaLimited) (A subsidiary EASTERN COALFIELDS LIMITED DIN-08725907 DIN-07379202 (PREMSAGAR MISHRA) Note No. 38 2 1 As per our report annexed As perourreport CA Rakesh Kumar Singh Membership No. 066421Membership FOR G.P. Agrawal &Co. For Year the Chartered Accountants Chartered 31-03-2020 Ended F.R.No.302082E (163.28) (54.92) 834.37 394.24 394.24 Partner - - - Annual Report 2019-20Annual Report For Year the 31-03-2019 ( ₹ in Crore ) inCrore Ended (42.39) 706.38 282.05 282.05 (19.00) - - - 149

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 150 Annual Report 2019-20Annual Report accounting policy Changes in 04-2018 Balance asat01- Prior period errors period Prior as at01.04.2018 Restated balance B. OTHER EQUITY Profit fot theProfit year Dividend tax) Dividends (including Earnings Transfer to Retained Reserve Transfer to General 03-2019 Balance asat31- 04-2019 Balance asat01- Income for the year Total Comprehensive the Year Adjustment during Earnings Transfer to Retained Reserve Transfer to General 03-2020 Balance asat31- Particulars A. EQUITY SHARECAPITAL EQUITY A. 1000/- each fullypaidincash 10390000 Equity of₹ Shares received other than cash fully paidupfor consideration ₹ 1000/- each allotted as 11794500 Equity of Shares Total ( Company Secretary RAMBABU PATHAK) STATEMENT FOR THEYEARENDED31-03-2020 OFCHANGES INEQUITY Place: Sanctoria/Kolkata Date: 10-06-2020 Preference Portion of Portion Capital Equity Share 855.61 855.61 855.61 855.61 855.61 ------Redemption reserve Capital Capital (MD.TASHFEEN) (GAUTAM CHANDRADE) G.M. (Finance) Director G.M.(Finance) Chairman-cum-Managing (Finance) Balance asat 01-04-2018 EASTERN COALFIELDS LIMITED 2,218.45 1,039.00 1,179.45 ------EASTERN COALFIELDS LIMITED Reserve CSR (A subsidiary ofCoalIndiaLimited) (A subsidiary ------Development Sustainable Changes inEquity Reserve During year the Share Capital ------Reserve General 832.71 832.71 832.71 832.71 DIN-08725907 DIN-07379202 832.71 ------Reserves Balance asat Other Other 31-03-2019 2,218.45 1,039.00 1,179.45 ------(3,002.57) (3,002.57) (3,751.34) (2,004.92) Retained Earnings (3,751.34) 748.77 997.65 ------Balance asat Comprehensive 01-04-2019 Income 2,218.45 Other Other 1,039.00 1,179.45 (PREMSAGAR MISHRA) (163.28) 186.70 (18.97) 144.31 144.31 (42.39) 186.70 ------Membership No. 066421Membership As per our report annexed As perourreport CA Rakesh Kumar Singh Comprehensive FOR G.P. Agrawal &Co. Chartered Accountants Chartered Capital DuringCapital Equity Share Income Changes in Total (1,169.94) (1,169.94) F.R.No.302082E the yearthe (1,876.32) (1,876.32) (335.57) 834.37 706.38 Partner ------Controlling Interests - - - Non- Balance asat 31-03-2020 in Crore ) (₹ inCrore ------in Crore ) (₹ inCrore 2,218.45 1,039.00 1,179.45 (1,876.32) (1,169.94) (1,169.94) (1,876.32) (335.57) Total 706.38 834.37 ------A. C. B. Net CashFlow from Investing Activities (II ) Net CashFlow (usedin)/generated Activities Operating (I) from Income Tax Cash Generated from Operations TermShort/Long Loans/Advances Assets &Other Current TermShort/Long LiablitiesandProvisions Inventories Trade Receivable Adjustments for : Liabilities BeforeOperating Profit Current /Non Current Assets and Loss/(Gain) onExchange Rate Variance Unwinding ofDiscount Interest onBankOverdraft Stripping Activity Adjustment Liability Written Back Provisions onSale ofProperty, Plant&Equipments (Net) Profit Interest Income &Impairment Depreciation Adjustment for: Total Comprehensive Incomefor Year the Cash Flow From Operating Activities: (All figures inbracket(All figures outflow) represent Cash andEquivalent (ClosingBalance)(V ) Cash andEquivalent (Opening Balance)(IV) Net inCash&BankBalances (I+IIIII) Decrease Net CashusedinFinancing Activities (III) Repayment oflong-term borrowings (net)Proceeds/(repayment) borrowings ofother short-term Interest onBankOverdraft Cash Flows From Financing Activities: toInterest Investments Pertaining Proceeds/(Investment) inFixed Deposit Sale ofProperty, Plant&Equipments (Net) Adjustment inValue ofProperty, Plant&Equipment Purchase ofProperty, Plant&Equipment Cash Flows From Investing Activities: Cash Flow Statement (Indirect method) EASTERN COALFIELDS LIMITED (A subsidiary ofCoalIndiaLimited) (A subsidiary EASTERN COALFIELDS LIMITED (1,694.54) For Year the Ended 1,096.16 (802.98) (135.32) (164.28) (377.27) 286.92 434.35 368.00 478.68 178.05 (83.16) 313.55 377.27 (3.25) 80.39 93.28 13.04 (6.61) (0.16) 31-03-2020 3.25 6.66 0.16 (1,110.00) (102.25) 1,282.48 (644.38) (385.40) (385.40) (816.86) 465.62 834.37 361.23 361.23 448.11 (316.46) (400.14) (512.03) (722.99) (802.39) For Year the Ended 423.72 783.39 (13.73) 494.98 456.24 478.68 123.97 400.14 163.10 (6.58) 10.93 (3.13) (3.16) 8.28 3.16 31-03-2019 Annual Report 2019-20Annual Report

- - - ( ₹ in Crore ) inCrore 1,422.88 (718.68) (304.71) (304.71) (718.68) (315.00) (687.33) 706.38 735.55 420.55 716.50 (6.58) (6.58) 151

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 152 Annual Report 2019-20Annual Report Notes to CashFlow the Statement: Company Secretary (RAMBABU PATHAK) 4. 2. 1. 3. Place: Sanctoria/Kolkata Date: 10-06-2020 Total Cash andEquivalents donot includeany amountwhich isnot available to the company for itsuse. * includesamountonaccountofchange inforeign exchange rate. oflongterm debt[Refer maturities b. Current Note no.20] [Refer borrowings a. Non-current Note no.18] Total Cash andcashequivalents asrestated b. Other Loans (Bank Overdraft) [Refer Noteb. Other Loans(BankOverdraft) no.18] oflongterm debt[Refer maturities b. Current Note no.20] a. Non-current borrowings [Refer borrowings a. Non-current Note no.18] Total advance the paidduring year tax amountsto ofexchangeEffect rate changes Cash andcashequivalents Short-Term investemnts Cash onhandandbalanceswith banks Cash andEquivalents Movement the activitiesduring year ended31-03-2020 inassets financing from andliabilitiesarising asfollows: are activities Change financing from inliabilitiesarising Cash Flow Statement (Indirect method) (Contd.) G.M. (Finance) Director Director G.M.(Finance) Chairman-cum-Managing (Finance) (MD.TASHFEEN) (GAUTAM CHANDRADE) EASTERN COALFIELDS LIMITED EASTERN COALFIELDS LIMITED (A subsidiary ofCoalIndiaLimited) (A subsidiary DIN-08725907 DIN-07379202 ₹ 1110.00 ( Crores 31-03-2018 31-03-2019 As at As at 165.55 161.20 158.93 155.01 6.62 ₹ 6.19 315.00 Crores). For Year the Ended - 31-03-2020 (PREMSAGAR MISHRA) 361.23 flows flows Cash Cash 367.84 (6.58) (0.39) (6.62) (6.19) 0.01 93.28 As per our report annexed As perourreport CA Rakesh Kumar Singh 93.28 15.79 Membership No. 066421Membership 77.49 FOR G.P. Agrawal &Co. Chartered Accountants Chartered Non Cash Non Cash Flows* Flows* F.R.No.302082E - 10.93 13.04 12.51 10.11 0.82 0.53 Partner For Year the Ended - 31-03-2019 31-03-2020 31-03-2019 ( Asat Asat ₹ in Crore ) inCrore 165.55 171.98 158.93 164.82 478.68 368.90 109.78 478.68 6.62 7.16 7.16 - - Burdwan, Pin-713333. Sanctoria, Post- District-West Dishergarh, atCMDsOffice, The Company isdomiciledinIndiaandhasitsregistered office of coal. Authority Limited name ofCoalIndiaLimited). (former TheCompany engaged isprimarily andsale inbusinessofproduction ofCoalIndiaLimited over (CIL)upontaking Subsidiary assets andliabilitiesvested with the Eastern DivisionofCoalMines at an amount that reflects the consideration to theat anamountthat consideration reflects which the Company expects to beentitledinexchange for those goodsor to transferred the are Revenue customer with ofthe customers contracts whencontrol from isrecognized goodsor services Revenue from contracts customers with 2.3.1 Revenue recognition asnon-current. All other classified liabilities are A liabilityistreated ascurrent by Company the when: treated by ascurrent the Company when: AnassetThe Company is assets classification. presents andliabilitiesinthe non-current BalanceSheet basedoncurrent/ 2.2 Current andnon-current Classification two decimalpoints. statementsAmounts inthese have, financial indicated, to haveupto ‘Rupees unlessotherwise inCrore’ off beenrounded Rounding ofamounts 2.1.1 statements haveThe financial onhistorical except beenprepared basisofmeasurement, cost for: Standards Rules, 2015. Indian Accounting underthe Standards (IndAS) notified section133 ofCompanies Act, 2013 Act”) IndianAccounting (“The Limited statements ofEastern (ECLorthe Coalfields The financial Company) have with inaccordance beenprepared 2.1 statements Basisofpreparation offinancial Note 2:SIGNIFICANT ACCOUNTING POLICIES LimitedEastern (TheCompany) Coalfields was asaprivate incorporated Limited Company on1 Note: 1CORPORATE INFORMATION • • • d. c. b. a. d. c. b. a. Inventories orNRV atCost whichever islower no.2.20). (refer accounting policyinpara plans-planassets value; atfair measured benefit Defined 2.14); in para instruments assets value atfair andliabilitiesmeasured (refer accounting policy onfinancial financial certain of equity instruments do not affect itsclassification. donotof equity instruments affect Terms period. reporting ofaliabilitythat could,atthe option ofthe counterparty, initssettlement result by the issue it doesnot have to anunconditionalright defer settlement ofthe liability for twelve atleast the months after the liabilityisdueto or period; besettled within twelve the months reporting after foroftrading; it holdsthe the liabilityprimarily purpose it expects to cycle; settle operating the liabilityin itsnormal non-current. or used to All other settle period. as a liability for at twelveassetsleast classified are the months reporting after the asset inIndAS7)unlessthe iscashora equivalent asset isrestricted (asdefined beingexchanged from it expects to the or realize period; asset within twelve the monthsreporting after it holdsthe for oftrading; asset the primarily purpose it expects to the realize asset, orintends cycle; to operating sellorconsumeit,initsnormal NOTES TO THEFINANCIAL STATEMENTS EASTERN COALFIELDS LIMITED st November, 1975 asa100% Annual Report 2019-20Annual Report 153

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 154 Annual Report 2019-20Annual Report When determining ofall of the aCompany following: price, the transaction considerthe effects with acustomerin acontract may amounts,variable includefixed amounts,orboth. to acustomer, goodsorservices promised excluding promised Theconsideration amountscollected onbehalfofthird parties. to isthe price amountofconsideration The transaction which the company expects to beentitledinexchange for transferring toThe Company businesspractices determine considerthe terms price. anditscustomary the ofthe transaction contract Step 3:Determining transaction the price obligation each to promise to transfer the customera performance either: withAt acustomer inacontract inception,promised contract the andidentifyas Company assessesthe goodsorservices Step obligations: 2:Identifying performance asaseparate ifbothThe Company contract modification ofthe accountfor acontract following present: conditionsare Contract modification ofthe customer) ofthe ifoneormore andaccountfor following asasingle the contract parties contracts criteria met: are The Company entered combinestwo contracts ormore into atornearthe sametimewith the samecustomer (orrelated Combination ofcontracts The Company with accountfor acustomer acontract onlywhenallofthe following criteria met: are Step contract: 1:Identifyingthe The principles inIndAS115 are following appliedusingthe five steps: them to before transferring the customer. thecontrols goodsorservices The Company has generally concluded that it is the in its revenue principal services. because it typically arrangements b. a. • • • • • b. a. c. b. a. e. d. c. b. a. circumstances of the particular contract. ofthe particular circumstances andany appropriate to adjustments ofthe that to goodsorservices theprices additionalpromised price reflect bythethe increases ofthe thatcompany’s price contract reflects anamountofconsideration selling stand-alone that and distinct are the becauseofthe increases goodsorservices scopeofthe additionofpromised contract Consideration payableConsideration to acustomer. Non-Cash consideration; component; The existence financing ofsignificant estimatesConstraining ofvariable consideration; Variable consideration; the customer. that the substantially are sameandthat have the goodsorservices ofdistinct samepatterntoa series oftransfer or that isdistinct; (orabundleofgoodsorservices) a goodorservice obligation. a single performance ineach promised are ofthe contracts) (orsomegoodsorservices inthe promised contracts the goodsorservices of the other or thecontract; to amount of consideration depends on the or performance be paid in one contract price negotiated are the contracts asapackage with objective; asingle commercial or similaritems. bonuses, customer concession,discount,rebates, aprice orbeentitledto credits refunds, incentives, performance may belessthan the stated price isvariable ifthe inthe becausethe consideration contract Company the may offer to that willbetransferred the customer.services to Theamountofconsideration which the Company willbeentitled thatit isprobable the Company to willcollectthe consideration which itwillbeentitledinexchange for the goodsor to change and of the asaresult contract); (i.e.the timingoramountofthe substance risk, hascommercial the Company’s contract cashflows future isexpected the Company to canidentifythe payment betransferred; terms for the goodsorservices to betransferred; the the regarding Company goodsorservices rights canidentifyeach party’s to have the contract the parties approved their respective committed obligations; andare the contract to perform EASTERN COALFIELDS LIMITED reached, time elapsed and units produced orunitsdelivered.reached, timeelapsedandunitsproduced completedmethods to includemethods date, ofperformance such achieved, ofresults assurveys appraisals milestones to transferred Output date underthe promised contract. relative tothe goodsorservices the goodsorservices remaining Company apply output methods to revenue recognize on the of the measurements basis of direct value to the customer of oversatisfied time. the period, Company towards itsprogress obligation re-measure each reporting complete ofaperformance satisfaction Company appliesthat method At obligations andinsimilarcircumstances. the consistently endof to similarperformance over obligation satisfied The Company timeand the appliesasingle method for each progress performance ofmeasuring towards obligation. complete ofthat satisfaction performance over obligation satisfied time,the Company revenueFor recognizes each performance over timeby the measuring progress revenuerecognizes over time,ifoneofthe following criteria ismet: obligation and over a performance timeand,therefore, satisfies The Companyofagoodorservice control transfers service. to acustomer. when (or as)thegood orservice customer istransferred ofthat control obtains goodor Agoodorservice obligation apromised The Company by revenue transferring recognizes when(oras)the Companyaperformance satisfies Step 5:Recognizing revenue: prices. to those selling obligation stand-alone andallocate inthe contract inproportion price the transaction performance each underlying Company determines inception atcontract the ofthe sellingprice goodorservice stand-alone distinct To obligation ona relative basis, the sellingprice allocate stand-alone to price the transaction each performance to beentitledinexchange to the customer. the goodsorservices promised for transferring inanamountthat depictstheto amount ofconsideration which the Companyobligation goodorservice) (ordistinct expects The objective isfor the price whenallocatingthe Company transaction to allocate to price the transaction each performance Step transaction 4:Allocating the price: exchange for the goodsorservices. promised or other changes that change incircumstances to the amountofconsideration which the Company expects to beentitledin events inception, canchange contract price the transaction After for variousincludingthe reasons, ofuncertain resolution for changes period incircumstances. of each reporting change and,therefore, liability(andcorresponding liability)isupdatedrefund the price inthe contract transaction atthe end receivable) for which the company doesnot expect to beentitled(i.e.amountsnot The price). includedinthe transaction tosome orallofthat consideration the customer. received atthe liabilityismeasured Arefund amountofconsideration (or The Company liabilityifthe arefund recognizes Company acustomer receives from consideration andexpects to refund when the customer willbeoneyear pays orless. for that goodorservice toit expects, acustomer inception, atcontract and that the betweengoodsorservice apromised period whenittransfers component if financing The Company ofasignificant doesnot for the adjust amountofconsideration promised effects associated with the issubsequentlythe resolved. variable consideration uncertainty extent reversal that inthe that itishighlyprobable amountofcumulative asignificant revenue willnot recognized occurwhen The Company someorallofanamountestimated price includesinthe onlyto transaction variable consideration the ofvariable consideration. part theWhere indetermination itform penaltyisinherent price, oftransaction Insuch accounted cases,penaltiesare for specified. penalties are asperthe ofthe substance In somecontracts, contract. event. ofafuture iscontingentconsideration ornon-occurrence onthe occurrence ifthe bonuses,orother company’s similaritems. canalsovary entitlementto consideration Thepromised performance the becauseofdiscounts,rebates,concessions,incentives, price credits, refunds, canvary An amountofconsideration c. b. a. an enforceable right to payment for performance completed toan enforceableright payment to for date. performance doesnotthe create Company’s anasset with analternative performance useto the Company andthe Company has enhanced; createsthe orenhancesanasset Company’s that the customer performance as the controls asset iscreated or Company performs; the customer provided receives simultaneously by andconsumesthe asthe benefits the company’s performance EASTERN COALFIELDS LIMITED Annual Report 2019-20Annual Report 155

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 156 Annual Report 2019-20Annual Report the head‘Other Income’. relatedGrants to related income (i.e. grant to other and loss under of statement than assets) of profit presented are as part inStatement andLosson systematicrecognised ofProfit basisover the useful life ofasset. Government related Grants to assets presented are inthe balancesheet by setting incomeandare asdeferred upthe grant asexpensesrecognises the related for costs intended which are the grants to compensate. inStatement&LossonasystematicGovernment recognised are grants ofProfit basis over the inwhich the periods company willbereceived. thatattached to grants them andthat there certainty isreasonable Government not that are the untilthere assurance Grants recognised isreasonable company willcomply with the conditions 2.4 Grants from Government reliably. andcanbemeasured realisation Other claims(includinginterest ondelayed customers) accounted from are realization for, of whenthere iscertainty Claims 2.3.4 Other investmentsDividend incomefrom whenthe to isrecognised rights receive payment isestablished. 2.3.3 Dividend InterestInterest usingthe Method. incomeisrecognised Effective 2.3.2 Interest underthe asrevenue recognized contract. liabilitiesare Contract whentheearlier). Company performs to the customer, goods or services transfers when the liability is recognized paymenta contract made or due (whichever is the isdue)from customer. (oranamountofconsideration consideration Ifacustomer pays before the consideration Company to liability is the acustomer obligationA contract to for which goods orservices the transfer Company has received Contract liabilities: before paymenttime isrequired isdue). ofthe consideration A receivablethe represents Company’s to right that an amount of consideration is unconditional (i.e., only the passage of Trade receivables: that asset isconditional. consideration fora contract isrecognized the earned to acustomer before the customergoods orservices by pays transferring or before payment consideration performs isdue, assetA contract isthe to right to inexchange consideration transferred the customer. for goodsorservices Ifthe Company Contract assets: Company any present to unconditionalrights separately consideration asareceivable. liability,or acontract dependingonthe between relationship andthe payment. customer’s the company’s The performance the Company inthe the present balancesheet contract asset to asacontract hasperformed, acontract When either party obligation, the Company considerindicators ofthe which not ofcontrol, include,butare transfer limited to, the following: and the Companyaperformance the satisfies point in timeatwhich acustomer goodorservice ofapromised control obtains obligation atapointintime.To obligationover isnot satisfied time,the Company the performance If aperformance satisfies determine that obligation. that isallocated constrained are consideration to that performance the companyis satisfied, asrevenue recognize the (which excludes price amountofthe transaction estimates ofvariable obligation towards itsprogress measure obligation. When(oras)aperformance complete ofthe satisfaction performance over obligationThe Company satisfied time only if the revenue recognizes Company for can reasonably a performance estimate with inaccordance IndAS8,Accounting Policies, Changes inAccounting Estimates andErrors. obligation. Such changes tothe the performance Company’s isaccounted ofprogress measure for asachange inaccounting changeAs circumstances over time,the Company update to any ofprogress itsmeasure reflect changes inthe outcomeof e. d. c. b. a. the customer hasaccepted the goodorservice. the customer risks hasthe significant andrewards ofthe ofownership goodorservice; the Company physical hastransferred possessionofthe goodorservice; the customer haslegal titleto the goodorservice; the Company to right hasapresent payment for the goodorservice; EASTERN COALFIELDS LIMITED Company saleofthe treats asset to ordisposalgroup when: behighlyprobable for salesofsuch assets anditwillgenuinely itssaleishighly probable; (ordisposalgroups), besold,not abandoned.The isavailabledisposal group for immediate condition,subjectonlyto saleinitspresent terms that usualandcustomary are exchange met is The criteriaregarded substance. forhas commercial only when held thefor sale classification assets or includeexchangesFor saletransactions these purposes, assets for ofnon-current other assets whenthe non-current committed to the saleexpected within oneyear the from date ofclassification. unlikely changes that significant to the salewillbemadeorthat the decisionto sellwillbewithdrawn. Management be must through than asalerather principally through continuinguse.Actions to required complete the saleshouldindicate that itis amountswillberecovered assets asheldfor and(ordisposal groups) saleiftheir TheCompany non-current carrying classifies 2.6 Non-current assets heldfor sale investment inthe lease. at anamountequal to the net investment inthe leaseusingthe interest rate implicit inthe leaseto the measure net initsbalancesheet leaseisinitiallyrecognised Finance them andpresent leases-assets asareceivable heldunder afinance diminished. another systematic the representative from basisismore ofthe useofthe asset underlying pattern inwhich is benefit Operating basisunless asincomeoneither leases-leasepayments recognised leasesare astraight-line operating from toincidental asset. ofanunderlying ownership leaseifitdoesnot allthe asanoperating substantially transfer risks asset.underlying Aleaseisclassified andrewards allthe substantially risks leaseifittransfers andrewards asafinance to incidental ofan A leaseisclassified ownership lease. leaseorafinance All leasesaseither anoperating 2.5.2 Company as a lessor useful life ofthe asset right-of-use orthe endofthe leaseterm. the lesseeshalldepreciate the right-to-useOtherwise, asset the from commencementdate to the ofthe earlier endofthe by the endofthe leaseterm orifthe ofthe cost right-to-use that asset the reflects lesseewillexercise apurchaseoption. Right-of-use asset isdepreciated over the usefullife ofthe asset, ofthe ownership asset ifthe leasetransfers to the lessee amountofanother asset applyingothercarrying applicablestandards. inthe costs StatementandLoss,unlessthe includedinthe chargesFinance are costs infinance recognised are ofProfit amountto any orleasemodifications. reflect reassessment the carrying and re-measuring amountto interest ontheamountto reflect the leaseliability, leasepayments reflect made carrying the reducing carrying Subsequently, asset the right-of-use modelwhereas, by usingcost leaseliabilityismeasured ismeasured the increasing asset isoflow value. the lease payments that not are paidatthat date for allleasesunlessthe leaseterm is12 months orlessthe underlying At the commencementdate, asset aright-of-use alesseeshallrecognise andleaseliabilityatthe atcost value present of 2.5.1 Company asalessee time inexchange for consideration. conveys aleaseifthe is,orcontains, contract A contract the to asset right of for the control aperiod useofanidentified 2.5 Leases Fund”. ofthe “Shareholders part which forms Reserve” in“Capital inthedirectly ofpromoter’sshouldberecognised The Government nature orgrants contribution grants the inwhich itbecomesreceivable. period to the Company support or loss of ofgivingimmediate withpurpose related nofuture financial inprofit isrecognised costs, A government that becomesreceivable grant/assistance ascompensation for expenses orfor the incurred orlossesalready • • • • and The saleisexpected to qualify for asacompleted recognition salewithin oneyear the from date ofclassification, value, fair current The asset isbeingactively (ordisposalgroup) marketed that to for inrelation saleataprice isreasonable its An active to programme locate abuyer andcomplete the planhasbeeninitiated, The appropriate level ofmanagement iscommitted to aplanto sellthe asset (ordisposalgroup), EASTERN COALFIELDS LIMITED Annual Report 2019-20Annual Report 157

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 158 Annual Report 2019-20Annual Report Vehicles Furniture and Fixtures equipment Office Computers andLaptops Plant andEquipment Railway Sidings Telecommunication Roads Building Other Land(incl.LeaseholdLand) the estimated usefullives ofthe asset asfollows: onproperty, plantandequipment,Depreciation except linebasisover land,isprovided freehold modelonstraight aspercost andLoss. inprofit is recognised thefrom continueduseofassets. Any gainonsuch of anitem derecognition orlossarising ofproperty, plantandequipment expected are An item economicbenefits ofproperty, plantorequipmentupondisposalwhennofuture isderecognised isderecognised. physicalfrom parts) ofthecost item reliably. canbemeasured amountofthe ofthe cost previous inspection(asdistinct Any carrying remaining associated that with ifitisprobable economicbenefits as areplacement future the item to willflow the Company; andthe amountofthe item ofproperty, plantandequipment inthe isrecognised itscost carrying When major inspectionisperformed, with inaccordance theis derecognised policymentionedbelow. derecognition toflow the Company; that replaced andthe are ofthe cost item amountofthose reliably. parts canbemeasured Thecarrying amountofthe associated item, that with ifitisprobable economicbenefits future the item intherecognised carrying will to inrelation the significant total ofanitem cost parts Subsequent ofreplacing cost ofproperty, plantandequipment are and lossinthe inwhich the period incurred. sameare in the andmaintenance’ recognised as for are statement thedescribed ‘repairs ofprofit of theCosts day-to-day servicing togethergrouped indetermining the charge. depreciation depreciated separately. However, ofanitem ofPPEhaving sameusefullife method part(s) anddepreciation are significant ofanitem to of property, inrelation plantandequipment withEach that acost the part issignificant total ofthe cost item equipment comprises: andanydepreciation accumulated ofanitem Model.Thecost lossesunderCost impairment ofproperty, plantand anitem recognition, ofallotherAfter lessany atitscost property, plantandequipmentcarried accumulated are etc. displaced persons the landlike, expenses, rehabilitation resettlement andcompensation cost inlieuofemployment for concerned incurred athistorical Historical cost. Land iscarried includesexpenditure cost to attributable which directly are the acquisition of 2.7 Property, PlantandEquipment (PPE) c. b. a. • period. other for purposes period of having than to usedthe item inventories produce aparticular during that during located, the obligation for which the Company either whenthe incurs item isacquiredorasaconsequence the initial estimate ofthe ofdismantlingandremoving costs the item andrestoring the site onwhich itis inthe mannerintendedoperating by management. any to attributable directly the costs for bringing asset itto to becapableof the locationandconditionnecessary rebates. discountsand purchase taxes, deductingtrade dutiesandnon-refundable after includingimport Its purchaseprice, or that the planwillbewithdrawn. Actions to required complete the planindicate that itisunlikely changes those significant to the planwillbemade EASTERN COALFIELDS LIMITED : 8-10 years : 10 years : 3-6years : 3Years : 5-30years : 15 years : 3-9years : 3-10 years : 3-60years : Life ofthe orleaseterm project whichever islower resource which inter comprises resource aliathe following: pendingthe determinationresources, oftechnical feasibility andthe viabilityofanidentified assessmentofcommercial andevaluationExploration to assets which costs attributable capitalised are comprise the searchfor coalandrelated 2.9 Exploration andEvaluation Assets agency. ofthe the certifying amount iswithdrawn concurrence after adjusted asreceivable escrowinitially recognised from accountandthereafter with the obligation inthe year inwhich the The progressive expenses mineclosure onyear ofthe incurred total to year obligation part mineclosure is basisforming Further, escrow for asperthe fundaccountismaintained this approved purpose aspecific Plan. MineClosure expenses. asfinancial recognised The value of the provision is progressively over of discounting increased unwinds; an expense creating timeas the effect over the life.in PPEandamortised balanceproject/mine estimated by MinePlanningandDesignInstitute Central Limited) asaseparate Planisrecognised asperMineClosure item assets inthe Theasset inwhich recognised the the are period representing total liabilityisincurred. site restoration (as cost asset associatedcorresponding Theobligation andmineclosure. andcorresponding with reclamation the liabilityfor final the value present ofthereflects expenditures expected to to berequired settle the obligation. Thecompany a records marketrate current that reflects assessmentofthe timevalue ofmoney andthe risks, such that the amountofprovision as perapproved Plan.Theestimates MineClosure ofexpenses escalated are andthen for discounted inflation, atadiscount the work. required of the expenditure Mine Closure amount and timing of the cash spending to future is provided perform obligation for Site Mine Closure, Restoration andDecommissioningbasedupondetailed calculation andtechnical assessment ofCoal,Government ofIndia.Thecompany with estimates minesinaccordance the Ministry underground guidelinesfrom its The company’s and ofspendingatboth consists obligation for anddecommissioningofstructures landreclamation surface 2.8 MineClosure, Site Restoration andDecommissioningObligation statements inthe asattherecognised financial date to oftransition asperthe IndASs,measured previous GAAP. The company value elected model(for aspercost allofitsproperty, plantandequipment to as continuewith the carrying Transition to IndAS Plant andEquipment. supply of goods or for the access to any existing Assets of the company as Enabling Assets recognised are under Property, by Expensesincurred Capital the assets company which essentialfor are production, onconstruction/development ofcertain Property, PlantandEquipment tested are for impairment. Fully depreciated assets assets, value at its residual retired active from under disclosed separately use are as surveyed off orbalancelife ofthe isbasedonleaseperiod whichever project Leasehold Landsuch islower. amortisation 2013, onthe longtermofgovernment basisofthe transfer andincaseof balancelife landetc., ofthe project; which isamortised Act, 1894, Rightto Fair Compensation andTransparency inLandAcquisition, Rehabilitation Act, andResettlement (RFCTLAAR) Value (Acquisition of“Other Area Land”includeslandacquiredunderCoalBearing &Development) (CBA) Act, 1957, LandAcquisition addition /disposal. ontheDepreciation assets the added/disposedofduring year basiswith isprovided to reference onpro-rata the month of useful life hasbeendetermined to beoneyear with value. nilresidual assets such haulage as,Coaltub,windingropes, stowing ropes, pipes&safety lamps etc. for which the technically estimated valueThe residual ofproperty, plantandequipmentas5%ofthe ofthe cost isconsidered original asset except someitems of The estimated usefullife ofthe assets isreviewed year. atthe endofeach financial Cofschedule IIofcompanies act,2013. underPart prescribed which the management expects to usethe asset. Hencethe usefullives usefullives from ofthe assets as may bedifferent Based ontechnical evaluation, the management believes that the usefullives given above the over represents period best • • • • • determining andexamining the volume ofthe resource; andgrade trenching andsampling; drilling, exploratory gathering exploration through data topographical, geo chemical andgeo physical studies; andanalysingresearching historical exploration data; Acquisition to ofrights explore; EASTERN COALFIELDS LIMITED Annual Report 2019-20Annual Report 159

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 160 Annual Report 2019-20Annual Report blocks not earmarked for however, CIL)are Assets asIntangible andtested classified for impairment. and EvaluationExploration assets to attributable blocks for to sale or proposed identified be sold to outside agencies (i.e. for amountofthe asset inthe recognised andare Statement andLoss. ofProfit andtheproceeds carrying between the asset net ofanintangible asthe derecognition measured from are difference disposal Gains orlossesarising date. asset butistestedAn intangible with usefullife anindefinite isnot ateach reporting for amortised impairment livesfinite inthe isrecognised StatementandLoss. ofProfit as appropriate, treated andare aschanges expense assets inaccountingestimates. onintangible with Theamortisation ormethod, embodiedinthe period assetconsumption to considered are economicbenefits offuture modifythe amortisation Changes period. reviewedare inthe expected atthe atleast endofeach reporting usefullife orthe expected pattern of method for asset anintangible andthe with period amortisation usefullife afinite asset may Theamortisation beimpaired. over theiramortised usefuleconomiclives whenever andassessedfor impairment there isanindicationthat the intangible Theusefullives assetsincurred. ofintangible assessedaseither assets Intangible are orindefinite. finite with lives finite are intheis recognised Statement andLossother comprehensive ofProfit incomeinthe inwhich the period expenditure is Internally generated excluding intangibles, development capitalised not are costs, Instead, capitalised. the related expenditure losses,ifany.impairment lessany(calculatedat cost basisover accumulated onastraight-line amortisation their usefullives) andaccumulated business combinationistheir value fair atthe date ofacquisition. Following assets intangible initialrecognition, carried are assetsIntangible assets acquired at Theof separatelycost. cost intangible on initial recognition measured are acquired in a 2.11 Assets Intangible year whenthe underrevenue mineisbrought in20years orworking life ofthe whichever project isless. the from amortised are Otherand equipment MiningInfrastructure underthe “Other nomenclature MiningInfrastructure”. toOn beingbrought revenue, asacomponent ofproperty, plant the assets reclassified are work undercapital inprogress Whichever event first. occurs criteria: oronthe basisofthe following stated eitherbasis isestablished onthe inthe report basisofconditionsspecifically project to brought are The project/mines revenue; to ofaproject/mine readiness whencommercial onasustainable yieldproduction Commercial operation isnetcapitalised the from ofproceeds saleofcoalextracted the during development phase. under the head“Development”. Allsubsequent development expenditure Thedevelopment isalsocapitalised. expenditure evaluation asassets anddisclosedasacomponentwork isrecognised cost ofcapital inprogress underconstruction determined are anddevelopmentWhen proved exploration issanctioned,capitalised reserves ofmines/project and 2.10 Development Expenditure exploration andevaluation asset isderecognised. to transferred “Development”are However, work undercapital inprogress. not are determined, ifproved the reserves determined are and developmentOnce proved is sanctioned,exploration reserves of mines/project andevaluation assets lessaccumulated atcost measured impairment/provision. viabilityofthe anddisclosedasaseparateand commercial project lineitem assets. They undernon-current subsequently are andevaluationExploration by onaproject capitalised are costs basispendingdetermination project oftechnical feasibility as exploration andevaluation asset. exploitation, future from andrecouped these along with costs be incurred other exploration capitalised recorded are costs ofthe overall expected portion As theaninsignificant/indistinguishable to costs component tangible intangible represents The above includesemployee ofmaterials cost andfuelused,payments remuneration, to etc. contractors c. b. a. From year the beginningofthe inwhich financial the value than ismore ofproduction total expenses. 2 years oftouching ofcoal,or or of rated capacityasperapproved report, project From year beginningofthe immediately the financial year after inwhich the achieves project physical outputof25% • • Conducting market studies. andfinance requirements; andinfrastructure transportation surveying EASTERN COALFIELDS LIMITED arising from impairment are recognised in the profit orloss. inthe recognised are profit impairment from arising orloss.Thelosses incomeinthe profit isincludedinfinance ofthe EIR.TheEIR amortisation thatcosts anintegral are part is cost calculatedrate (EIR) method. by intoAmortised taking account any on acquisition discount or premium and fees or interest usingthe cost effective assets subsequently atamortised are measured such initial measurement, financial After ifboth cost the atthe following ismeasured amortised met: conditionsare A ‘debtinstrument’ 2.14.2.1 cost Debtinstruments atamortised infour categories: assets classified are ofsubsequent financial measurement, For purposes 2.14.2 Subsequent measurement way date, onthe recognised are trade trades) i.e.,the date that the Company commitsto purchaseorsellthe asset. ofassets by established withinassets atimeframe orconvention regulation that delivery require inthe market place(regular to that costs attributable are or loss,plustransaction asset. the acquisition Purchases orsalesoffinancial ofthe financial assets assets value, initially atfair recognised not are inthe value atfair caseoffinancial All financial through recorded profit 2.14.1 Initialrecognition andmeasurement Financial assets ofanotherinstrument entity. isany instrument that liabilityorequity gives contract asset toA financial rise ofoneentityandafinancial afinancial 2.14 Financial Instruments depreciated are method usingtheInvestment straight-line over properties their estimated usefullives. costs. includingrelated applicableborrowing initially atitscost, andwhere ismeasured costs transaction Investment property asinvestment classified businesses are property. of course for, or sale in or thefor administrative ordinary purposes; use in the or supply of goods or services production ofabuildingorboth) orboth, orfor heldto appreciation capital rentals (landorabuildingpart than earn rather Property 2.13 Investment Property toreduced itsrecoverable inthe lossisrecognised amountandthe Statement andLoss. impairment ofProfit amountofthe asset is If the recoverable amountof anasset amount,the carrying isestimated to belessthan itscarrying asset belongs.Company individual minesasseparate cashgenerating considers unitsforoftest the purpose ofimpairment. assets ofassets, orgroups inwhich casethe recoverable amountisdetermined for the cash-generating unitto which the for an individual asset, unless the asset does not generate cash inflows that largely are independent of those other from is the higher ofthe asset’s orcash-generating value unit’s value inuseanditsfair ofdisposal, and isdetermined lesscosts If any such indicationexists, the Company estimates the recoverable amountofthe asset. Anasset’s recoverable amount whether period The Company there isany assessesatthe endofeach indicationthat reporting anasset may beimpaired. 2.12 Impairment ofAssets (other assets) financial than Research andDevelopment asexpenditure isrecognised asandwhenincurred. three years, whichever isless;with value. anilresidual linemethod onstraight over asset, asintangible recognized oflegalto isamortised aperiod right useor ofSoftware Cost interest (SPPI)onthe amount outstanding. principal terms of theb) Contractual asset dates give toon specified rise cash flows that solely payments are and of principal a) Theasset isheldwithin abusinessmodelwhoseobjective isto holdassets cashflows, for and collectingcontractual • • • • Equity instruments measured at fair value atfair measured throughEquity other instruments comprehensive income(FVTOCI) derivatives orloss(FVTPL) Debt instruments, value atfair andequity through instruments profit value atfair throughDebt instruments other comprehensive income(FVTOCI) cost atamortised Debt instruments EASTERN COALFIELDS LIMITED Annual Report 2019-20Annual Report 161

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 162 Annual Report 2019-20Annual Report amount of consideration that theamount ofconsideration Company to couldberequired repay. guarantee over amountofthe asset asset andthe at the maximum the is measured lower transferred ofthe carrying original the andobligationsbasis thatrights that reflects the Company hasretained. Continuing involvement that takes ofa the form the Company anassociated alsorecognises liability. asset and the Thetransferred associated ona measured liabilityare Company continues to asset the to recognise transferred the extent ofthe Company’s continuinginvolvement. In that case, norretained allofthe substantially riskstransferred andrewards ofthe ofthe control asset, asset, the nortransferred itevaluatesarrangement, ifandto whatextent ithasretained the risks andrewards Whenithasneither ofownership. When the to Company its rights receive has transferred cash flows an asset from or has entered into a pass-through (i.e.removedderecognised the from balancesheet) when: assets) isprimarily ofsimilarfinancial ofagroup asset (or,assetA financial orpart ofafinancial applicable,apart where 2.14.2.6 De-recognition value atfair measured are with allchanges inthe category recognized P&L. includedwithinEquity the instruments FVTPL However, the Company may the transfer cumulative gain orlosswithin equity. inthe recognized isnorecyclingdividends, are OCI.There ofthe OCIto amountsfrom P&Leven onsaleofinvestment. If the Company decidesto then value allfair asatFVTOCI, changes classifyanequity instrument excluding onthe instrument, andisirrevocable. ismadeoninitialrecognition classification subsequent changes inthe value. fair TheCompany makes basis.The by-instrument such electiononan instrument For allother the equity Company instruments, may make anirrevocable electionto inother present comprehensive income All other equity investments inscopeofIndAS109 orloss. value atfair measured are through profit 2.14.2.5 Equity Other Investment method 10 inpara asprescribed ofIndAS28. statement,In caseofconsolidated Equity investments financial inassociates andjointventures accounted are asperequity joint ventures atcost. measured are as onthe date to isconsidered oftransition bethe Subsequently, deemedcost. Investment associates insubsidiaries, and ofIndAS101In accordance amountofthese investments timeadoptionasperprevious GAAP ofIndAS),the (First carrying 2.14.2.4 Equity investments insubsidiaries, associates andJointVentures value atfair measured are with allchanges inthe category recognized P&L. includedwithin theDebt instruments FVTPL inconsistency to (referred TheCompany as‘accountingmismatch’). has not designated any asatFVTPL. debtinstrument However,criteria, asatFVTPL. such electionisallowed oreliminates onlyifdoingsoreduces orrecognition ameasurement In addition, the Company may or cost FVTOCI elect to meets designate amortized which otherwise a debt instrument, asatFVTPL. isclassified orasFVTOCI, cost as atamortized Any for debtinstruments. which doesnot debtinstrument, meet category isaresidual the criteria for categorization FVTPL 2.14.2.3 Debtinstrument atFVTPL asinterest incomeusingthe EIRmethod. isreported instrument the from equity to debt gain orlosspreviously inOCIisreclassified holdingFVTOCI whilst P&L.Interest recognised earned losses&reversals andforeign exchangeincome, impairment gain orlossinthe ofthe P&L.Onderecognition asset, cumulative Fair value movements inthe recognized are other comprehensive income(OCI).However, the Company interest recognizes date value. atfair initiallyaswell measured are asateach reporting includedwithin category theDebt instruments FVTOCI ifboth asatthe FVTOCI ofthe isclassified following criteria met: are A ‘debtinstrument’ 2.14.2.2 Debtinstrument atFVTOCI b. a. • • The asset’s contractual cash flows represent SPPI. cashflowsThe asset’s represent contractual assets, and The objective of the business model is achieved both by cash flows and selling thecollecting contractual financial transferred norretained allthe substantially riskstransferred andrewards ofthe ofthe control asset. asset, buthastransferred (a) the allthe Company substantially risks hastransferred andrewards ofthe asset, or(b)the Company hasneither the received cashflows infullwithout material andeither arrangement delay undera‘pass-through’ to athird party toThe Company itsrights receive hastransferred cashflows the from asset orhasassumedanobligation to pay toThe rights receive cashflows the from asset have expired, or EASTERN COALFIELDS LIMITED liability and the recognition of a new liability. The difference between the carrying amount of a financial liability (or part of liability (or part liability and the of a new amount of a financial recognition liability. between the carrying The difference such an exchangeexisting modified, substantially liability are is treated as the or modification of the derecognition original by liability is replaced existingterms, or the anotherterms of an financial the from different same lender on substantially whenthe liabilityisderecognised obligation underthe liabilityisdischargedA financial orcancelledexpires. Whenan 2.14.3.5 De-recognition generally appliesto andloss.Thiscategory borrowings. inthecosts statement ofprofit isincluded as finance interest interest oftherate. rate effective Theeffective amortisation thator costs anintegral are part iscalculated cost by into taking Amortised process. accountany onacquisition discountorpremium andfees amortisation orlosswhenthe aswell interest derecognised liabilitiesare asthrough the rate effective inprofit recognised and lossesare interest usingthe rate cost effective method. Gains these initialrecognition, subsequently at amortised are measured After 2.14.3.4 cost Financial liabilitiesatamortised andloss. valueliability asatfair through profit value and loss.TheCompanyin ofthesuch recognised liabilityare statement has not of profit designated any financial totransferred P&L.However, the Company may the transfer cumulative gain orlosswithin equity. Allother changes infair togains/losses attributable changes inOCI.Thesegains/ not recognized lossesare inown are risk subsequently credit initial date and only if the of recognition, criteria in IndAS 109 value fair For liabilities designated satisfied. are as FVTPL, designated liabilitiesdesignatedFinancial orlossare value atfair assuch uponinitialrecognition atthe through profit orloss. inthe recognised are profit Gains orlossesonliabilitiesheldfor trading hedging instruments. by IndAS109. unless they Separated asheldfor trading embeddedderivatives designated alsoclassified are are aseffective enteredinstruments into by the Company that not are designated inhedge ashedginginstruments asdefined relationships alsoincludesderivative ifthey inthe forofrepurchasing financial trading nearterm. the Thiscategory purpose incurred are asheldfor classified designated liabilitiesare orloss.Financial value asatfair uponinitialrecognition through profit liabilities andfinancial liabilitiesheldfor trading orlossinclude financial value liabilitiesatfair Financial through profit 2.14.3.3 Financial liabilitiesatfair value orloss through profit below: asdescribed liabilitiesdependsontheir classification, offinancial The measurement 2.14.3.2 Subsequent measurement costs. transaction attributable directly valueinitially at fair recognised liabilities are and, in the and case payables,of loans and borrowings All financial net of The Company’s andother liabilitiesincludetrade payables, financial includingbankoverdrafts. loansandborrowings 2.14.3.1 Initialrecognition andmeasurement 2.14.3 Financial liabilities lossallowance date, itsinitialrecognition. impairment from basedonlifetime right ECLsateach reporting approach doesnot the require The applicationofsimplified Company to changes track risk. incredit Rather, itrecognises The Company lossallowance for ofimpairment follows recognition approach’ on: ‘simplified lossonthe assets exposure: following risk impairment andcredit financial withIn accordance IndAS109, the Company AppliesExpected of Loss(ECL)modelfor andrecognition Credit measurement 2.14.2.7 Impairment assets offinancial (other fair than value) • • d. c. b. a. All lease receivables resulting from transactions within the transactions Allleasereceivables from scopeofIndAS116 resulting Trade revenue receivables orcontract receivables; and that within are the scopeofIndAS115. Trade receivables orany to right contractual receive cashoranother asset that transactions from result financial Lease receivables underIndAS116, asatFVTOCI, assetsFinancial measured andare that debtinstruments are receivables andbankbalance, trade deposits, e.g.,loans,debtsecurities, cost atamortised assetsFinancial measured andare that debtinstruments, are EASTERN COALFIELDS LIMITED Annual Report 2019-20Annual Report 163

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 164 Annual Report 2019-20Annual Report Current tax isthe tax amountofincometaxesCurrent payable Taxable loss)for (tax (recoverable) aperiod. ofthe inrespect taxable profit expenseIncome tax payable the represents sumofthe currently tax tax. anddeferred 2.16 Taxation for itsintended use. ofthe ofthose cost use, inwhich asset casethey up to aspart capitalised are the date whenthe qualifying asset isready of qualifyingor production assets i.e. the assets that takes necessarily of timeto period substantial get for ready its intended expensed are costs exceptBorrowing asandwhenincurred they where to attributable directly are the acquisition, construction 2.15 Borrowing Costs ofthe company’s astheynet anintegral bankoverdrafts considered ofoutstanding are part cashmanagement. above,consolidated statement deposits,asdefined ofcashflows, cashandequivalents ofcashandshort-term consist of three months ofchangesmaturity orless,whichrisk subjectto are invalue. aninsignificant For ofthe the purpose Cash andcashequivalent inthe balancesheet cashatbanksdepositswith comprise anoriginal andonhandshort-term 2.14.6 Cashandcashequivalent therealise assets andsettle the liabilitiessimultaneously. the amounts andthere recognised isanintention enforceablelegal to right tois acurrently offset settle onanet basis,to inthe andthe consolidated net amountisreported balancesheet offset ifthere liabilitiesare assetsFinancial andfinancial 2.14.5 instruments offinancial Offsetting The following andhow shows table they various reclassification accounted are for gains orlosses)interest. change inbusinessmodel.TheCompany doesnot restate any previously gains, recognised losses(including impairment day dateprospectively theof the following which from period reclassification is theimmediately first the next reporting assets, itappliesthe to reclassification financial IfCompany anactivitythat itsoperations. issignificant reclassifies perform changes evident are to Achange external whenthe inthe Company businessmodeloccurs parties. either beginsorceasesto the of business externalmodel as a result or internal changes to which significant the are Company’s Such operations. Changes to the expected businessmodelare to beinfrequent.TheCompany’s seniormanagement determines change in ismadeonlyifthere isachange areclassification inthe businessmodelfor debtinstruments, are managingthose assets. assets which liabilities.For financial assets andfinancial which equity ismadefor are instruments financial reclassification no initial recognition, assetsThe Company After and liabilities on initial recognition. of financial determines classification 2.14.4 assets offinancial Reclassification orloss. inprofit orliabilitiesassumed,shallberecognised transferred liability)extinguished to paid,includingany andthe consideration ortransferred a financial another non-cashassets party FVTOCI FVTOCI FVTPL FVTOCI cost Amortised FVTPL cost Amortised classification classification Original FVTPL FVTPL FVTOCI cost Amortised FVTOCI Cost Amortised FVTPL classification classification Revised EASTERN COALFIELDS LIMITED recognized in OCI is reclassified to date. P&Latthe inOCIisreclassified reclassification recognized Assets continue to value. atfair bemeasured Cumulative gain orlosspreviously isrequired. adjustment amount.No other Fair date value becomesitsnew atreclassification carrying cost. amortised Consequently, the asset asifithadalways ismeasured at beenmeasured amount. However, cumulative gain orlossinOCIisadjusted against value. fair carrying cost Fair date value becomesitsnew atreclassification amortised reclassification. value andfair cost inOCI.No change isrecognised inEIRduetoamortised between date. previousFair value Difference atreclassification ismeasured amount. calculated basedonthe new carrying gross amount.EIRis Fair date value becomesitsnew carrying atreclassification gross value andfair cost inP&L. isrecognised amortized between date. previousFair value Difference atreclassification ismeasured Accounting treatment to uncertainties. The calculation is performed at each balance sheet by an actuary usingthe projected ateach balance sheet method. unitcredit by anactuary Thecalculationisperformed to uncertainties. rates etc. Dueto mortality the increases, longtermofthese nature plans,such estimates subject are assets, salary future valuationThe applicationofactuarial involves makingassumptions aboutdiscountrate, expected rates on ofreturn expected are in which the benefits to bepaid. have dates maturity approximating the terms ofthe company’s obligations andthat denominated are inthe same currency any. The discount rate isbased on the prevailing market date that yields of Indian Government as at the securities reporting is discounted The tobenefit periods. and prior determine value its present by and reduced the value fair of plan assets, if calculated that by employees inthe the estimating benefit current amount offuture have oftheir inreturn service earned Thecompany’s plansis plans(with ceilingsonbenefits). benefit benefit net obligation ofdefined inrespect defined are planisapost-employment planother plan.Gratuity, contribution benefit benefit than adefined leaveA defined encashment 2.17.2.2 plans benefits Defined by rendered are employees. whichloss inthe services during periods asanemployee recognised plansare contribution to expensecontributions defined and inthe benefit statement ofprofit an enactment of law and the company will have no legal or constructive obligation to amounts. Obligations for pay further pays into contribution fixed body (Coal byMines Providentfund maintained Fund) a separate statutory constituted under planisapost-employment planfor Provident contribution Fund benefit A defined and Pension underwhich the company 2.17.2.1 contributions Defined plans 2.17.2 Post-employment andother benefits longterm employee benefits term employee inthe inwhich recognized they are period All short incurred. benefits are 2.17.1 Benefits Short-term 2.17 Employee Benefits isincludedinthe accountingfor the businesscombination. for abusinesscombination,the effect tax comprehensive inequity incomeordirectly respectively. the from initialaccounting arises tax ordeferred tax current Where comprehensive in equity, income or directly in other also recognised are tax in which and deferred case, the current orloss,except inprofit recognised are tax anddeferred whentheyCurrent relate to items that inother recognised are liabilities. which the company to period, amountofitsassets expects, recover and atthe endofthe or settle reporting the carrying the liabilitiesandassets consequences tax tax that ofdeferred reflects wouldThe measurement follow the from mannerin period. end ofthe reporting is settled orthe asset rate basedontax isrealised, laws) (andtax that have beenenacted orsubstantively enacted by the assets tax at the Deferred measured and liabilities are rates tax that expected are to apply in the in which period the liability recovered. willbe available asset tax ofthe taxable profit to deferred to allow be allorpart thatit hasbecomeprobable sufficient year to recognised andare assets tax atthe the reassessed deferred are endofeach extentUnrecognised reporting that willbeavailable ofthe taxable to profits asset to allow allorpart berecovered.it isnolonger that probable sufficient assets to tax andreduced amountofdeferred isreviewedperiod the extent atthe endofeach reporting The carrying that differences. against which to ofthe taxable profits temporary utilisethe benefits will besufficient associated with such investmentsdifferences andinterests to onlyrecognised are the extent that that itisprobable there will not reverse assets deductible tax temporary inthe from Deferred arising foreseeable future. difference the temporary associates, except that anditisprobable the where company isableto difference the control reversal ofthe temporary associated with investments differences and insubsidiaries for recognised taxable liabilitiesare temporary tax Deferred northe neither accountingprofit. the taxable profit assets that affects andliabilitiesinatransaction the goodwill or from from (other initial recognition arises than in a business combination) of other difference temporary canbeutilised.Such assets not andliabilitiesare ifthe recognised differences against which those deductibletemporary to the extent difference willbeavailable that for thatrecognised alldeductibletemporary itisprobable taxable profits assets tax generally Deferred are differences. generally for liabilitiesare tax recognised alltaxable temporary Deferred enacted orsubstantively enacted period. by the endofthe reporting that never are taxable ordeductible.Thecompany’s iscalculat EASTERN COALFIELDS LIMITED Annual Report 2019-20Annual Report 165

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 166 Annual Report 2019-20Annual Report variance quantity quantity between andmeasured iswithin limits,asdetailed the hereunder:- permissible reported quantity ofoverburden for incalculatingthe the isconsidered OBRaccountingwhere The reported ratio asper record Adjustment Provisions underthe Assets /Other headNon -Current asthe Non-Current casemay be. Net activityasset variance atthe ofbalancesstripping andratio BalanceSheet date isshown asStripping Activity the to brought minesare asset accountafter revenue. andratio-variance charged on technically evaluated average (OB: COAL) ratio stripping at each mine with activity due foradjustment stripping asapolicy,Therefore, inthe mineswith rated capacityofonemilliontonnes perannumandabove, ofStripping cost is estimated). as ‘Stripping’. mines,the Inopencast company hasto incursuch expenses over the life ofthe mine(astechnically tocoal seamisrequired beremoved to get accessto the coalanditsextraction. Thiswaste removal activityisknown mining,theIn caseofopencast minewaste materials (“overburden”) which ofsoilandrock consists onthe top of 2.19 Stripping Activity Expense/Adjustment items denominated valued are attheNon-monetary inforeign currency exchange rates prevailing onthe date oftransactions. andlossinthe inwhich they period instatementrecognised ofprofit arise. thosefrom at which they statements were the translated or inprevious are during period oninitial financial recognition assets andliabilitiesatrates different assets monetary andliabilitiesorontranslating onthearising settlement ofmonetary translated are atthe period exchangeof the reporting Exchange period. rates prevailing asatthe differences endofreporting prevailing assets and liabilities denominated atthe date. at the outstanding end transaction inforeign currencies Monetary Transactions converted of the are company into currency in foreign currencies the using the reported exchange rate ofthe economicenvironmentthe currency inwhich principal itoperates. for and themajorityThe company’s functional currency is inIndian Rupees currency of its operations (INR) being reported 2.18 Foreign Currency donot havebenefits funding. specific plan.These deceased inmineaccidentsetc., onthe above alsorecognised are samebasisasdescribed benefits for defined Scheme, settlementInsurance allowance, Post-Retirement Scheme andcompensation to MedicalBenefit dependentsof other employeeon account of LTA,Certain namely benefit benefits LTC, Life Cover Scheme, Personal Accident Group 2.17.3 Employee Other benefits asexpenserecognised immediately andloss. inthe statement ofprofit by employees to relating ofthe service past ofthe improved, benefit planare is increased When the benefits the portion andloss. inprofit recognised plansare related benefit to defined payments. Net andbenefit liability (asset) ofcontributions the interest asaresult during period expense andother expenses the to annual liability period (asset), into taking the benefit then net account any defined changes benefit in the net defined liability (asset) for the by period obligation applyingthe atthe discountrate beginningof usedto benefit the measure defined in the other comprehensive income.Thecompany determines the net interest expense benefit (income)on the net defined plan assets (excluding ofthe assets interest) ceiling(ifany, andthe effects excluding interest) immediately recognised are liability,Re-measurement benefit ofthe net gainthe on defined which actuarial andlossesconsidering return comprise liabilities. isavailableplan. Aneconomicbenefit to the company the during life ifitisrealisable ofthe plan,oronsettlement ofplan availableeconomic benefits ofany to inthe thecontributions form from infuture refunds planorreduction future the When the in to calculation results to the benefit the company, the asset recognised is limited to the value present of the activity incurred during the during yearactivity incurred inStatement andLoss. isrecognised ofProfit In caseofmineswith rated capacityoflessthan onemilliontonne, the above policyisnot ofstripping appliedandactualcost However, the where variance is beyond limitsasabove, the permissible the quantity measured isconsidered. More thanMore 5Mill.CUM Between 1and5Mill.CUM Less than 1Mill.CUM Annual Quantum of OBR Of the Mine Annual QuantumofOBROfthe EASTERN COALFIELDS LIMITED Permissible limitsofvariance (%) +/- 2% +/- 3% +/- 5% Actual results could differ from those from estimates. EstimatesActual assumptions could differ andunderlying results reviewed are onanon-goingbasis. assumptions statements in these have financial been disclosed. Accounting estimates could change to period from period. Applicationofaccountingpoliciesinvolving period. the complexduring reported andsubjective judgements andthe useof ofcontingentdisclosures assets andliabilities atthe statements date andthe offinancial amountofrevenue andexpenses amountsofassets the andliabilities, the applicationofaccountingpoliciesandtheand assumptions reported that affect statements with management ofthe IndASrequires inconformity financial toThe preparation make estimates, judgements 2.23 Judgements, Estimates and Assumptions equity that shares couldhave beenissueduponconversion ofalldilutive potential equity shares. average andalsothe pershares weighted basicearnings for numberofequityconsidered deriving shares average numberof the Dilutediscomputed by pershares during tax period. outstanding earnings the by after weighted dividingthe profit computed are pershare by tax byBasic earnings the after dividingthe weighted net profit average numberofequity shares 2.22 Earnings pershare then the related assetcertain, isnot acontingent asset isappropriate. anditsrecognition Contingent Assets statements. not are inthe However, recognised financial whenthe ofincomeisvirtually realisation isremote. ofeconomicbenefits outflow events not wholly within the of the control company, also disclosed as contingent are liabilities unless the of probability uncertain obligations, future ofoneormore whoseexistence by ornon-occurrence the occurrence willonlybeconfirmed the obligation is disclosed as a contingent liability, is remote. unless the of outflow economic benefits probability Possible it is notor the Where will be required, amount cannot that probable an of outflow economic benefits be estimated reliably, All provisions reviewed are ateach balancesheet date andadjusted estimate. best to the current reflect expenditure expected to settle the obligation. of the obligation the canbemade.Where timevalue ofmoney ismaterial, provisions stated are atthe value present ofthe to willberequired that settleis probable ofeconomicbenefits anoutflow the obligation estimate andareliable ofthe amount Provisions when the recognized are company obligation hasapresent (legal orconstructive) event, ofa past as aresult andit 2.21 Provisions, Contingent Liabilities&Contingent Assets not are their ininventory andscraps considered considering valuespares not beingsignificant. However, (other Stock bricks, than press), lyingatprinting ofstationery sand,medicine(except aircraft Hospitals), atCentral valued are hospital atcost. andmedicinesatcentral press at printing Workshop jobsincludingwork-in-progress valued are Stock atcost. andstationary jobs(includingwork ofpress inprogress) Inventories2.20.3 Other for stores not &spares moved for 5years. Provisions madeatthe are rate of100% damaged andobsolete for stores unserviceable, andatthe andspares rate of50% only asperphysically stores valued verified andare atcost. atthe /sub-stores considered lyingatcollieries are year camps/ consumingcentres /drilling end of stores parts &spare stores inpriced appearing ledger valued andare calculated atcost onthe basisofweighted average method. Theinventory The Stock (which also includes loose tools) stores & area of stores as per balances at central considered are parts & spare 2.20.2 Stores &Spares ofstock ofcoal. part (coking/semi-coking),middlingofwasheries andby valued are products atnet value realisable asa andconsidered Slurry Coal &coke-fines valued are ofstock atlower ornet ofcost ofcoal. value realisable asapart andconsidered value whichever orcost islower. Coke ofstock ofcoal. asapart isconsidered theand incaseswhere variance isbeyond +/-5%the stock measured Such isconsidered. stock valued are atnet realisable Book stock inthe ofcoalisconsidered the accountswhere variance between bookstock stock andmeasured isupto +/-5% to makeof completion necessary andcosts the sale. Weighted Average method. Net value the realisable represents estimated ofinventories sellingprice lessallestimated costs Inventories ofcoal/coke stated are atlower andnet ofcost value. realisable ofinventories Costs calculated are usingthe 2.20.1 Stock ofCoal 2.20 Inventories EASTERN COALFIELDS LIMITED Annual Report 2019-20Annual Report 167

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 168 Annual Report 2019-20Annual Report the statements andassumptions consolidated circumstances Existing developments, were aboutfuture prepared. financial year,financial below. described are TheCompany baseditsassumptions andestimates onparameters available when amountsofassets andliabilitieswithinhave ofcausingamaterial the risk to next adjustment asignificant the carrying The key assumptions the andother future concerning date, key that atthe reporting uncertainty ofestimation sources 2.23.2 Estimates andassumptions levies) asperthe statement (net audited last Operation ofstatutory ofthe financial company. adjusted year, the during current and omissions in aggregate if all such does not errors exceed 1% of total revenue from W.e.f 01.04.2019 discovered year inthe errors/omissions to current treated relating are periods asimmaterial prior and bywhen required law. of items couldbethe determining factor. Further, the Company may to alsoberequired separately present immaterial items either the circumstances orthe nature amount ofanitem ofthe oraggregatecompliance requirement IndAS.Inparticular makeusers statements. onthe basisofthe Management financial also usesjudgement ofmateriality for determining the deciding factor iswhether omissionormisstatement couldindividuallyorcollectively the economicdecisionsthat influence of item statements. material are inthe Materiality financial isjudged by to reference the ofthe sizeandnature item. The Ind ASappliesto items which material. are Management uses judgement indeciding whether individual items orgroups 2.23.1.2 Materiality basisofaccounting. basis usingaccrual statements ongoingconcern prepared are The financial development therein shallbeaccounted for prospectively inIndAS8. asperthe laiddown procedure above particularly more The Company continuesto strive to develop accountingpoliciesinlinewith the development ofaccountingliterature andany which inthe areas are of evolution. process specific incertain accounting literature, guidanceand standards absence ofspecific committees and approved by the various regulators owing to itsconsistent applicationover the several last decades. In the by changes),constant research supported the practices have accountingpolicieswhereof evolved industry basedonspecific based onthe varied topographical andgeomining over spread terrain over the running leaseperiod to decadesandprone The Company operates inthe miningsector (asector the where exploration, evaluation, development phasesare production with the inabove sources paragraph. other toaccounting standards, practices, accounting literature the and accepted extent industry that these do not conflict andinabsencethereof thoseBoard ofthe other standard-setting bodies that useasimilarconceptual framework to develop In makingthe judgement, management ofInternational the pronouncements Accounting recent most considers Standards In makingthe judgement, management to the refers applicabilityofthe andconsiders following indescendingorder: sources judgement indeveloping that andapplyinganaccountingpolicythat is: ininformation results In theapplies to absence of an Ind AS that other specifically a transaction, event or condition, management has used its of applyingthem isimmaterial. otherabout the transactions, events andconditionsto which they apply. Thosepoliciesneednot be appliedwhenthe effect Accounting statements formulated policiesare relevant containing inamannerthat infinancial result information andreliable 2.23.1.1 Formulation ofAccounting Policies statements: onthe inthe amountsrecognised financial effect the significant most In the ofapplyingthe process Company’s accountingpolicies,management hasmadethe following judgements, which have 2.23.1 Judgements disclosedintheare notes to statements. the financial Revisions to accounting estimate in the recognised in which are period the estimates revised are and, if material, their effects b. a. b. a. Framework. criteria conceptsrecognition and measurement thefor assets, definitions, liabilities, income and expenses in the the inIndASsdealingwith requirements similarand related issues;and (i) statements inthat : reliable financial relevant to and the economicdecision-makingneedsofusers basis. complete and(v)are prudent; bias;(iv)are from inallmaterial i.e.free onaconsistent neutral, respects are otherthe oftransactions, economic substance events andconditions,not the merely (iii) legal form; andcashflows ofthe Company; (ii)reflect performance position,financial faithfully therepresent financial EASTERN COALFIELDS LIMITED timing ofthose TheCompany costs. estimates provision usingthe DCFmethod life ofthe considering basedon project/mine and estimates to madeinrelation are discountrates, the expected ofsite cost restoration anddismantlingthe expected In determining the value fair ofthe provision for Site MineClosure, Restoration andDecommissioning Obligation, assumptions 2.23.2.6 Provision for MineClosure, Site Restoration andDecommissioningObligation isformulated andapproved. report when aproject isbasedonmanagement’s of costs capitalisation judgement that usually technological andeconomicfeasibility isconfirmed, The Company asset intangible capitalises under development with for in accordance a project the accounting policy. Initial asset2.23.2.5 Intangible under development instruments. value fair offinancial the reported could affect volatility risk, credit andother relevant Changes input /considerations. inassumptions andestimates aboutthese factors ofjudgementdegree values. fair inestablishing isrequired Judgements ofinputs such includeconsiderations asliquidity risk, DCF model.Theinputs to these taken modelsare markets observable from this possible, butwhere where isnot feasible, a on quoted inactive prices markets, their value fair usinggenerally ismeasured accepted valuation techniques includingthe inthe balancesheet liabilitiesrecorded assets cannotWhen the values andfinancial based fair bemeasured offinancial 2.23.2.4 Fair value instruments measurement offinancial rate. inflation basedonexpected are increases andgratuity to increases inresponse changes. future demographic interval Future salary tend tables to ofthe tables ratecountry. change isbasedonpubliclyavailable Thosemortality onlyat mortality The mortality obligation. benefit the interestconsiders rates ofgovernmentconsistent bondsincurrencies with ofthe the post-employment currencies change is the discount rate. In determining the appropriate discount rate for plans operated in India, the management to changes inthese assumptions. Allassumptions date. reviewed are Theparameter ateach subjectto most reporting Due to the complexities involved obligation is highly sensitive in the benefit valuation and its long-term a defined nature, rates. andmortality increases actual developments from that may inthe Theseincludethe future. determination differ ofthe discountrate, salary future obligation determined are gratuity valuations. valuation usingactuarial Anactuarial involves makingvarious assumptions planandother gratuity post-employment andthe value present benefit ofthe medicalbenefits ofthe The cost defined plans benefit 2.23.2.3 Defined planningstrategies.tax assetstax that baseduponthe canberecognised, likely timingandthe level together taxable profits offuture with future managementagainst which the judgement lossescanbeutilised.Significant to isrequired determine the amountofdeferred assets tax for lossesto recognised unusedtax Deferred are the extent willbeavailable that that itisprobable taxable profit 2.23.2.2 Taxes explained inrespectivefurther notes. Thekeyinfrastructures. assumptions usedto determine disclosedand CGUs,are the recoverable amountfor the different cash-inflowsfuture andthe growth rate usedfor Theseestimates extrapolation relevant purposes. most are to other mining CGU beingtested. Therecoverable amountissensitive to the discountrate usedfor the DCFmodelaswell asthe expected the Company is not yet committed investments of the tofuture or significant that will enhance the asset’s performance model. Thecashflows derived are the from budget for the next activitiesthat years anddonot five includerestructuring as separate cashgenerating unitsforoftest theThevalue purpose inusecalculationisbasedonaDCF ofimpairment. amount, which is the valuehigher of its fair less of disposal costs and its value in use. Company individual mines considers value ofanasset orcashgenerating unitexceeds if,the carrying isanindicationofimpairment There itsrecoverable 2.23.2.1 Impairment assets ofnon-financial changes reflected inthe are assumptions whenthey occur. however, may change dueto market changes that beyond arising are orcircumstances the ofthe control Company. Such • • • specific to thespecific liability. marketThe discountrate rate) current tax (pre that reflect assessments ofthe timevalue ofmoney andthe risks Government ofIndia ofCoal, inguidelinesissued byEstimated Ministry asspecified perhectare cost EASTERN COALFIELDS LIMITED Annual Report 2019-20Annual Report 169

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 170 Annual Report 2019-20Annual Report 2.24 Abbreviation used: k. j. i. h. g. f. e. d. c. b. a. EIR SPPI PPE P&L OCI Ind AS GAAP FVTPL FVTOCI DCF CGU Effective Interest RateEffective Solely Payment andInterest ofPrincipal Property, PlantandEquipment and Loss Profit Other Comprehensive Income Indian Accounting Standards AcceptedGenerally Accounting Principal Fair Value &Loss Profit Through Fair Value Other Through Comprehensive Income Discounted CashFlow Unit Cash Generating EASTERN COALFIELDS LIMITED NOTES TO THE FINANCIAL STATEMENTS NOTE 3 : PROPERTY, PLANT AND EQUIPMENTS (₹ in Crore) Building Land (including Furniture Freehold Other Plant and Tele Railway Reclamation/ Office Other Mining Surveyed water supply, and Vehicles Aircraft Others Total Land Land Equipments communication Sidings Site Restoration Equipments Infrastructure Off Assets roads and Fixtures Costs culverts) Carrying Amount: As at 01-04-2018 166.27 563.97 416.24 1,482.89 20.59 25.01 332.89 149.16 25.87 2.51 - 414.82 - 5.47 3,605.69 Additions 56.94 144.26 60.64 244.99 2.25 4.30 - 28.07 8.98 - - 230.30 - 1.44 782.17 Deletions/Adjustments - - 0.02 (31.53) (0.62) - - (2.82) (4.13) - - - - (2.58) (41.66) As at 31-03-2019 223.21 708.23 476.90 1,696.35 22.22 29.31 332.89 174.41 30.72 2.51 - 645.12 - 4.33 4,346.20 As at 01-04-2019 223.21 708.23 476.90 1,696.35 22.22 29.31 332.89 174.41 30.72 2.51 - 645.12 - 4.33 4,346.20 Additions 43.96 158.83 97.44 96.13 0.93 10.99 23.30 16.52 4.44 0.27 - 156.93 0.02 1.72 611.48 Deletions/Adjustments 0.51 - (0.30) (33.50) - - - (1.56) 0.27 0.01 - (0.01) 2.53 (0.88) (32.93) As at 31-03-2020 267.68 867.06 574.04 1,758.98 23.15 40.30 356.19 189.37 35.43 2.79 - 802.04 2.55 5.17 4,924.75 Accumulated Depreciation and Impairment EASTERN COALFIELDS LIMITED As at 01-04-2018 - 107.09 82.28 329.90 6.88 4.71 105.45 71.89 4.95 0.68 - 181.77 - 5.47 901.07 Charge for the year - 75.56 26.58 221.52 2.78 1.80 26.51 14.78 4.60 0.24 - 38.39 - - 412.76 Impairment (Net) - - - 19.86 ------58.47 - 1.44 79.77 Deletions/Adjustments - (2.82) 0.01 (28.55) - - - (1.55) (4.28) - - - - (2.58) (39.77) As at 31-03-2019 - 179.83 108.87 542.73 9.66 6.51 131.96 85.12 5.27 0.92 - 278.63 - 4.33 1,353.83 As at 01-04-2019 - 179.83 108.87 542.73 9.66 6.51 131.96 85.12 5.27 0.92 - 278.63 - 4.33 1,353.83 Charge for the year - 85.14 33.89 208.36 2.89 2.60 38.26 15.63 5.85 0.28 - 44.45 - - 437.35 Impairment (Net) - - - 0.25 ------(9.87) - 1.68 (7.94) Deletions/Adjustments - - 0.08 3.24 - - - (33.56) 0.15 0.01 - 1.08 2.53 (0.84) (27.31) As at 31-03-2020 - 264.97 142.84 754.58 12.55 9.11 170.22 67.19 11.27 1.21 - 314.29 2.53 5.17 1,755.93 Net Carrying Amont As at 31-03-2020 267.68 602.09 431.20 1,004.40 10.60 31.19 185.97 122.18 24.16 1.58 - 487.75 0.02 - 3,168.82 As at 31-03-2019 223.21 528.40 368.03 1,153.62 12.56 22.80 200.93 89.29 25.45 1.59 - 366.49 - - 2,992.37

Note: 1. Land acquired in pursuance to Coal Mines (Nationalisation) Act, 1973, does not require title deeds separately for corresponding land. All other title deeds for land acquired are in possession and are mutated in favour of company except in few cases of freehold lands, where same is under progress pending legal formalities. 2. Land- Others also include Land acquired under Coal Bearing Areas (Acquisition and Development) Act, 1957 and Land Acquisition Act, 1894. 3. Land Reclamation/Site Restoration cost comprises of estimated cost to be incurred at the stage of mine closure duly escalated for inflation (5% p.a.) and then discounted at 8% discount rate that reflects current market rate of fair value and the risk. 4. The assets and liabilities taken over from Coal Mines Labour Welfare Organisation and Coal Mines Rescue Organisation, for which no quantitative details are available, have not been incorporated in the accounts pending determination of value there of. The formal Transfer Deeds/Agreement for Assets & Liabilities transferred and taken over by the Company in respect of Coal Mines Labour Welfare Organisation, Kalla & Central hospital along with 4 other Hospitals/Dispensaries, Mines Rescue Station, Barakar Engineering & Foundry Works are yet to be finalised and executed in favour of the Company. Annual Report 2019-20Annual Report 5. Depreciation has been provided on the basis of useful life determined as per technical estimate. 6. Company considers individual mines as separate cash generating units for the purpose of test of impairment and the same is calculated on DCF model considering projected cash flow for next five years. The discount rate has been considered @8%. Based on above calculation, Impairment amounting to ₹ 29.45 Crore (₹ 79.77 Crore) has been charged and ₹ 37.39 Crore (NIL) has been reversed during the year and shown under the head Depreciation/Amortization in Statement of Profit & Loss. 7. Building includes Roads & Culverts situated in the residential/office/mining areas. 8. Pending completion of legal formalities for transfer of assets and liabilities to the Company certain Assets including Mining Rights etc. continue to be in the name of CIL. 9. Based on technical evaluation, useful lives of certain HEMM under Plant and Equipment have been revised which has resulted in decrease in depreciation charged during the period by ₹ 3.32 Crores (NIL). 171

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 172 Annual Report 2019-20Annual Report NOTE 4:CAPITAL WIP NOTES TO THEFINANCIAL STATEMENTS 1. amountingto Impairment Note: As at31-03-2019 As at31-03-2020 Net Amont Carrying As at31-03-2020 Deletions/Adjustments (Net)Impairment Charge for the year As at01-04-2019 As at31-03-2019 Deletions/Adjustments (Net)Impairment Charge for the year As at01-04-2018 Provision and Impairment As at31-03-2020 DeletionsCapitalisation/ Additions As at01-04-2019 As at31-03-2019 DeletionsCapitalisation/ Additions the inStatement &Loss. year andshown ofProfit underthe headDepreciation/Amortization As at01-04-2018 Amount: Carrying ₹ 7.34 ( Crore (including water supply, roads and culverts) Building EASTERN COALFIELDS LIMITED (94.57) (58.15) 40.38 40.48 69.92 57.53 57.64 (0.11) 45.76 ₹ (0.15) 77.52 57.53 (0.11) 0.04 2.45 Crore) hasbeen charged 2.45 Crore) and 0.10 0.21 - - - - Equipments Plant and (223.59) 196.90 195.68 (44.25) 138.74 127.32 197.46 (1.22) 43.69 (1.22) 42.47 (1.22) (1.97) 42.47 0.57 0.18 - - - - Railway Sidings 148.06 126.30 125.40 125.40 147.16 147.16 (0.90) (0.90) (0.90) (0.90) (4.49) 40.78 30.77 (9.01) 89.11 ------Development ₹ 2.40 Crore (NIL)has been reversed 2.40 Crore during (139.28) (181.89) 158.77 158.47 75.26 88.90 13.64 69.41 92.83 (1.83) 63.19 69.41 6.22 2.48 6.22 2.45 5.60 4.94 - - Others (10.57) (11.08) (0.01) 12.72 12.77 12.71 12.71 (0.01) 10.63 (0.01) 21.03 12.71 0.06 0.07 2.76 - - - - - ( Total ₹ inCrore) (479.20) (297.68) 303.54 484.99 473.31 307.52 428.94 357.78 307.52 475.15 11.68 (3.76) 3.98 0.28 2.48 3.98 2.45 4.94 0.18 5.11 NOTE 5:Exploration andEvaluation Assets NOTES TO THEFINANCIAL STATEMENTS 1. andevaluation Exploration assets includes Note: As at31-03-2019 As at31-03-2020 Net Amont Carrying As at31-03-2020 Deletions/Adjustments (Net)Impairment Charge for the year As at01-04-2019 As at31-03-2019 Deletions/Adjustments (Net)Impairment Charge for the year As at01-04-2018 Provision andImpairment As at31-03-2020 Deletions/Adjustments Additions As at01-04-2019 As at31-03-2019 Deletions/Adjustments Additions As at01-04-2018 Amount: Carrying Murgadangal, Brahamini and Chichri-Pistimal intheMurgadangal, andChichri-Pistimal state Brahamini ofJharkhand. ₹ EASTERN COALFIELDS LIMITED 417.44 towards Crore allottment ofthree coalblocks namelyAmrakonda- Exploration andEvaluation Costs Annual Report 2019-20Annual Report ( ₹ inCrore) 600.00 600.00 615.75 615.75 600.00 528.08 (0.29) 73.56 (1.64) 16.04 ------173

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 174 Annual Report 2019-20Annual Report As at31-03-2019 As at31-03-2020 Net Amont Carrying As at31-03-2020 Deletions/Adjustments Impairment Charge for the year As at01-04-2019 As at31-03-2019 Deletions/Adjustments Impairment Charge for the year As at01-04-2018 andImpairment Amortisation As at31-03-2020 Deletions/Adjustments Additions As at01-04-2019 As at31-03-2019 Deletions/Adjustments Additions As at01-04-2018 Amount: Carrying NOTE 6:OTHER INTANGIBLE ASSETS NOTES TO THEFINANCIAL STATEMENTS EASTERN COALFIELDS LIMITED Computer Software ------Others ------( Total ₹ inCrore) ------NOTE 7:INVESTMENTS NOTES TO THEFINANCIAL STATEMENTS investments invalue of amountofimpairment Aggregate Market value ofQuoted Investment ofunquotedAggregate investments ofQuotedAggregate Investment Total UP 8.5% Tax Free SpecialBonds(Fully Paid up): BOI AXAMutualFund Union KBCMutualFund RobecoCanara MutualFund SBI MutualFund LIC MutualFund UTI MutualFund Mutual Fund Investment Current 1. ofemployees Shares cost. co-operative societies atamortized considered Notes: investments invalue of amountofimpairment Aggregate Market value ofquoted investments amountofquotedAggregate investments Aggregate amountofunquotedAggregate investments Total Co-opt Society Credit Ltd. inDhenomainColly.v) “B”classshares Employees’ Co-Opt Society Credit Ltd. inSodepurCollyEmployee’siv) “B”classshares Coalfield Colly Worker’sCoalfield Co-opt Central Store Ltd ofRs25/-eachiii) 4000shares inthe Mugma Worker’s Co-opt Central Store Ltd. ii) 1000 Colly. inDishergarh “D”classshares operative Society credit Ltd. Co inCoalMinesOfficers i)”B” classshares Others (inCo-operative Shares) Non Current EASTERN COALFIELDS LIMITED (previous year) shares current Number of period/ (4000) (1000) (500) (500) (500) 4000 1000 500 500 500

period/(previous Face value per share current year) (1000) (100) (100) (100) 1000 (25) 100 100 100 25

31-03-2020 As at 0.005 0.005 ------0.08 0.08 0.05 0.01 0.01 Annual Report 2019-20Annual Report - - - 31-03-2019 ( ₹ inCrore) As at ------0.005 0.005 0.08 0.08 0.05 0.01 0.01 - - - 175

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 176 Annual Report 2019-20Annual Report NOTE 8:LOANS NOTES TO THEFINANCIAL STATEMENTS Less: Allowance for doubtfulloans impaired Credit Have risk incredit increase significant good considered Unsecured, good considered Secured, Loans Other Non-Current Total Less: Allowance for doubtfulloans impaired Credit Have risk incredit increase significant good considered Unsecured, good considered Secured, Loans Other Current impaired Credit Have risk incredit increase significant good Considered Unsecured, good considered Secured, CLASSIFICATION Total EASTERN COALFIELDS LIMITED 0.05 0.05 0.05 31-03-2020 As at ------0.05 0.05 - - 0.09 0.09 0.09 31-03-2019 As at ------( ₹ inCrore) 0.09 0.09 - - NOTE -9:OTHER FINANCIAL ASSETS NOTES TO THEFINANCIAL STATEMENTS Reconciliation ofEscrow Account Balance: Government ofWest Bengal. *** Other deposits&receivable includes Account the during year. ** year. ** ofdepositswith* BankDepositsconsists than bankwith of more 12 initialmaturity months. Notes: Total Total Less :Allowance for doubtfulclaims Claims &Other Receivables Interest accrued Account BalancewithCurrent CoalIndiaLimited FundSurplus with CIL Current Balance inEscrow Account onClosingdate Year Current Less: AmountWithdrawn during Add: Interest Credited the during Year Add: Year BalanceDeposited Current during Balance inEscrow Account onopeningdate Less :Allowance for doubtfuldeposits&receivables Other deposits &Receivables*** Receivable Escrow from Account for Expenses MineClosure &Rehabilitation FundShifting scheme Plan** Mine Closure Deposits with bankunder Bank deposits* Non Current ₹ ₹ 32.31 ( Crores 148.37 (NIL)hasbeendeposited Crore with Union BankofIndiatowards Escrow MineClosure Account the during ₹ 25.42 Crore) hasbeencredited 25.42Crore) by Union BankofIndiaasInterest towards Escrow MineClosure ₹ 20.86 Crore ( 20.86Crore EASTERN COALFIELDS LIMITED ₹ 20.86 Crore) as refund of electricity dutyreceivables ofelectricity from asrefund 20.86Crore) 36.74 21.28 21.07 5.81 31-03-2020 31-03-2020 As at As at 632.97 452.29 339.86 973.16 632.97 267.07 148.37 236.14 30.93 32.31 0.21 0.12 - - - - 32.60 21.07 21.07 Annual Report 2019-20Annual Report 4.22 31-03-2019 31-03-2019 As at As at ( ₹ inCrore) 452.29 426.87 305.65 499.94 241.09 452.29 28.38 25.42 36.18 47.53 0.12 - - - - - 177

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 178 Annual Report 2019-20Annual Report NOTE -11 :OTHER CURRENT ASSETS NOTE -10 :OTHER NON-CURRENT ASSETS NOTES TO THEFINANCIAL STATEMENTS been created asabove. 1. Assets goodexcept andconsidered Other unsecured are doubtfuladvances Current for which fullprovision has certain Note: Total MAT Entitlement Credit Input Tax Receivable Credit Less: Provision for DoubtfulAdvances Other Advances &Deposits Advance to Related Parties Less :Provision for doubtfuladvances Depositfor Utilitiesincludes * Security Note: Total c. Advances to related parties Less :Provision for doubtfuldeposits b. Other Deposits andAdvances Less :Provision for doubtfuldeposits Depositfor utilities* a. Security ii. Advances other than advances capital Less :Provision for doubtfuladvances Advance dues payment ofstatutory Less :Provision for doubtfuladvances Advance for Revenue (Goods&Services) Advancesi. Capital security deposittosecurity augmentCISFwingstrength. EASTERN COALFIELDS LIMITED ₹ 2.21 ( Crore ₹ 2.21 towards ofInternal Affairs deposited Crore) to Ministry 228.96 266.67 31-03-2020 31-03-2020 277.30 77.92 0.02 1.89 1.52 1.48 3.74 7.96 0.13 As at As at - 842.52 285.87 270.88 275.82 266.67 227.07 77.90 2.22 7.83 - - - 386.85 185.60 199.79 62.97 31-03-2019 31-03-2019 1.70 1.52 1.48 3.74 0.13 1.14 1.14 As at As at - - ( ( ₹ ₹ inCrore) inCrore) 845.06 187.35 199.79 385.15 184.12 197.15 197.15 62.97 2.22 1.01 - - - NOTE -12 :INVENTORIES NOTES TO THEFINANCIAL STATEMENTS Stock ofCoal(Net) (A) Add: CoalunderDevelopment Stock ofCoal Stock (C) Hospital ofMedicineatCentral Net Stock ofStores (B) (atcost) &Spares Add: Stores-in-transit Stock ofStores (atcost) &Spares Total (A+B+CD) Workshop Jobs(D) Jobs&Press 1. Method ofvaluation :Refer to pointno2.20ofNote Accounting Policy. 2-Significant Notes: RECONCILIATION OFBOOK STOCK &MEASUREDSTOCK ANNEXURE TO NOTE -12 (1) Reconciliation ofClosingStock ofCoaladopted inAccounts BookStock with ason31-03-2020 Note: includesSeizedCoalof0.01 Production Lakhtonne. 8b] + 8a - [6 Accounts in adopted stock Closing 9. 8. Break-up ofDifference: 7. (5-6) Difference 6. Measured Stock6. Measured 5. Derived Stock Total 4. Off-Take for the Period : 3. Sub-Total (1+2) for2. Production the Period 1. Adjusted OpeningStock ason01.04.2019 Add/(Less): Adjustment inOpeningStock Opening Stock ason01.04.2019 d. Shortage beyondd. Shortage 5% c. Excess beyond 5% within 5% b. Shortage a. Excess within 5% C. OwnConsumption B. Coalfeed to Washeries OutsideDespatch A. EASTERN COALFIELDS LIMITED 526.52 504.02 491.35 493.16 Qty. 33.36 32.56 33.36 22.50 22.50 Overall Stock 0.80 0.80 1.81 - - - - - 12,823.74 12,876.04 Value 238.80 323.25 323.25 238.80 238.80 315.81 52.30 0.02 7.44 7.46 322.88 165.50 - - - - 31-03-2020 0.87 Qty. Non-Vendable As at (Qty inLakhTonnes) (Value ------Stock 322.88 503.72 Value 166.37 13.88 0.59 ------526.52 504.02 238.42 491.35 493.16 Qty. 167.51 Vendable Stock 33.36 32.56 33.36 22.50 22.50 0.80 0.80 2.73 1.81 31-03-2019 Annual Report 2019-20Annual Report ------As at 12,823.74 ( 12,876.04 ₹ ₹ inCrore) inCrore) Value 238.80 323.25 323.25 238.80 238.80 238.42 420.56 315.81 170.24 52.30 11.36 0.02 7.44 7.46 0.54 - - - - 179

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 180 Annual Report 2019-20Annual Report ANNEXURE TO NOTE - 12 (1) (Contd.) Summary of Closing Stock of Coal Raw Coal Washed Coal Other Prod- Total Coking Non-Coking Coking Non-Coking ucts Qty. Value Qty. Value Qty. Value Qty. Value Qty. Value Qty. Value Opening Stock (Audited) - - 22.50 238.80 ------22.50 238.80 Less: Non-vendable Coal ------Adj. Opening Stock ( Vendable) - - 22.50 238.80 ------22.50 238.80 Production - - 504.02 ------504.02 -

Offtake EASTERN COALFIELDS LIMITED a. Outside Despatch - - 491.35 12,823.74 ------491.35 12,823.74 b. Coal feed to Washeries ------c. Own Consumption - - 1.81 52.30 ------1.81 52.30

Closing Stock - - 33.36 323.25 ------33.36 323.25 Less: Shortage ------Closing Stock as on 31-03-2020 - - 33.36 323.25 ------33.36 323.25 Provision against Closing Stock of Coal - - - 0.37 ------0.37 Closing Stock as on 31-03-2020 ( Note - 12 ) - - 33.36 322.88 ------33.36 322.88 Less: Provision for Seized Coal - - - 0.96 ------0.96 Closing Stock as on 31-03-2020 (Note - 27) - - 33.36 321.92 ------33.36 321.92 NOTE -13 :TRADERECEIVABLES NOTES TO THEFINANCIAL STATEMENTS 5. Trade Receivables above ofCoalQualityVariance adjustment isafter amountingto Debtors ismadeonExpected4. Allowance LossModel. Credit for Sundry Closing Balance Less:- Written back openingprovision from Add:- New provision the during year Less:- Settled/Written against openingdebtors off/adjusted Opening Balance 3. Thedetails ofallowance asunder:- are Maximum AmountDueatAny Time Closing Balance interested inwhich the2. Dueby Director(s) the ofcompany parties is/are Maximum AmountDueatAny Time Closing Balance also adirector/member 1. Dueby the Companies inwhich directors of the company is Notes: Total Less :Allowance for bad&doubtfuldebts impaired Credit Have risk incredit increase significant good considered Unsecured, Secured, considered good considered Secured, Trade receivables Current EASTERN COALFIELDS LIMITED 3,699.62 3,316.46 383.16 383.16 31-03-2020 31-03-2020 As at As at - - 3,316.46 3,316.46 ₹ 121.99 ( Crore 383.16 307.05 14.63 91.74 1.00 NIL NIL NIL NIL 1,928.97 1,621.92 307.05 307.05 ₹ 31-03-2019 31-03-2019 -74.02 Crore). Annual Report 2019-20Annual Report As at As at - - ( ₹ 1,621.92 1,621.92 inCrore) 307.05 366.00 85.48 26.53 NIL NIL NIL NIL - 181

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 182 Annual Report 2019-20Annual Report NOTE -14 :CASH ANDCASH EQUIVALENTS NOTES TO THEFINANCIAL STATEMENTS 1. for than Bankdepositsare more 3months butlessthan 12 months maturity. Note: Total Dividend accounts Unpaid dividendaccounts andRehabilitation FundShifting scheme Plan Mine Closure Deposit accounts Balances with Banks *Interest (CLTD Bearing Accounts etc.) includesCLTD of Note: Total CashandEquivalents Others Cash onhandoutsideIndia Cash onhand andStamps inhand Cheques, Drafts Bank BalancesoutsideIndia Accountsiii. InCashCredit ii. In Current Accounts ii. InCurrent i. InDepositAccounts Balances with Banks NOTE -15 :OTHER BANK BALANCES for auto ofunsuccessfulbidders. refund linked34.46 Crore) with AxisBankPool Account Money for Earnest depositagainst E-Tendering which canonlybeused Mugma area as per order of Calcutta High Court vide order no.W.P. videorder HighCourt ofCalcutta asperorder Mugma area No.8553 (W)of2015 andCLTD of b. Non-interest Bearing a. Interest (CLTD Bearing Accounts etc.)* EASTERN COALFIELDS LIMITED ₹ 26.20 Crore ( 26.20Crore ₹ 26.54 Crore) against 26.54 BazarTax Crore) payable i.r.o. 31-03-2020 31-03-2020 As at As at 3,873.27 3,873.27 93.28 15.79 77.49 ------₹ 50.26 Crore ( 50.26Crore 31-03-2019 31-03-2019 ( ₹ inCrore) As at As at ( ₹ 4,186.82 4,186.82 inCrore) 368.90 109.78 478.68 ₹

------NOTE -16 SHARECAPITAL :EQUITY NOTES TO THEFINANCIAL STATEMENTS 10390000 Equity of Shares Issued, Subscribed andPaid-up 11794500 Equity of Shares Name ofShareholder 1. inthe Shares company heldby than each holding more shareholder 5%Shares Notes: received other than cash 3. TheCompany i.eEquity hasonlyoneclassofshares Shares. was2. There nochange inthe the Number ofEquity during year. Shares Coal IndiaLimited -HoldingCompany (Equity Share) 25000000 Equity of Shares Authorised ₹ ₹ ₹ 1000/- each allotted asfullypaidupfor consideration 1000/- each fullypaidincash 1000/- each EASTERN COALFIELDS LIMITED 31-03-2020 (Face value of 2,500.00 2,218.45 2,500.00 1,039.00 1,179.45 As at No. ofShares Held Annual Report 2019-20Annual Report ₹ 31-03-2019 ( 1000 each) ₹ inCrore) As at 2,500.00 22184500 2,218.45 2,500.00 1,039.00 1,179.45 183

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 184 Annual Report 2019-20Annual Report NOTE -17 :OTHER EQUITY NOTES TO THEFINANCIAL STATEMENTS Changes inaccountingpolicy Balance asat01-04-2018 Prior period errors period Prior the year Total comprehensive incomeduring Retained earnings Transfer Other from reserves/ Transfer to Retained Earnings Restated balanceasat01.04.2018 Transfer to reserve General Appropriations Transfer to Other reserves Any other change (to bespecified) Dividendtax Corporate Dividend Final Interim Dividend Retained earnings Transfer Other from reserves/ Transfer to Retained Earnings Adjustments the during year Additions the during year Balance asat01-04-2019 Balance asat31-03-2019 the year Total comprehensive incomeduring Interim Dividend Transfer to Other reserves Transfer to reserve General Appropriations Balance asat31-03-2020 Any other change (to bespecified) Dividendtax Corporate Dividend Final 21000000 Cumulative, 6% Non Convertible Redeemable of₹1000/- Shares Preference each 1. Authorised Capital Share ofPreference Capital Share Notes: 7. obligation. Other Comprehensive the benefit Income(OCI)represent balanceinequity to relating gain/(loss) ofdefined remeasurement ofaccumulated6. Retained ofthe the company. represent undistributed earning profit/amount earnings and required. asandwhenpermits purposes for appropriation retained from earnings which isusedfor ofprofits transfer reserve isafree Reserve 5. TheGeneral = Rs.855.61 asnew hasbeenconsidered ason26.12.2014. Shares Preference Crores) between the existingand balanceamounti.e.the difference value Shares Preference andLongTerm (Rs.2050.97 Borrowing -Rs.1195.36 Crore Crores discounting rate value of8%p.a.Thepresent calculated ofcashflow asLongTerm hasbeenconsidered (Rs.1195.36 Borrowing ason26.12.2014) Crore has beensegregated into Equity and LongTerm value hasbeencalculated cashflow ThePresent capital Borrowing. share ofpreference by applying and dividendiscumulative instrument anddiscretionary. isacompound financial Share AsperIndAS1094. Preference this compound instrument were Shares issuedto3. Prefernce the CoalIndiaLimited (HoldingCompany) year inthe 2014-15. financial was2. There nochange the inthe during year. Number Shares ofPreference Share Capital Preference Portion of Portion Equity 855.61 855.61 855.61 855.61 855.61 EASTERN COALFIELDS LIMITED ------Redemption reserve Capital Capital ------reserve Capital Capital Other ReservesOther ------Reserve CSR ------Development Sustainable Reserve ------Reserve General 832.71 832.71 832.71 832.71 832.71 ------31-03-2020 (2,004.92) (3,002.57) (3,002.57) (3,751.34) (3,751.34) Retained 2,100.00 Earnings 748.77 997.65 ------31-03-2019 Comprehensive Total Other 2,100.00 Income (163.28) (18.97) 144.31 144.31 186.70 186.70 (42.39) ------01-04-2018 (₹ inCrore) (1,876.32) (1,876.32) (1,169.94) (1,169.94) 2,100.00 (335.57) Total 706.38 834.37 ------NOTE -18: BORROWINGS NOTES TO THEFINANCIAL STATEMENTS 1. LossonExchange Rate Variance of Notes: Development Canada Corporation, Export Particulars ofLoan Loan Guaranteed by directors &others CLASSIFICATION 2 Unsecured Secured CLASSIFICATION 1 Total Other Loans Shares) (Preference Liability Component ofCompound Instrument Financial Development Canada Corporation, Export From Other Parties From Banks Term Loans Non-Current charge to inorder the inaggregate secure facilities saidworking credit capital of andcreate by forto ofsecurity /arrange creation way such consortium ofHypothecation Assets by Current ofentire way offirst with arrangement State Accounts BankofIndia,Corporate Kolkata Branch, underconsortium Group subsidiaries beingthe LeadBank availed2. CoalIndiaLtdanditsSubsidiaries ofthe the Company from facilities working working lenders Credit Capital Capital andits lenders. and LongTerm ( Borrowing ( Borrowing been calculated by applyingdiscountingrate value of8%p.a.The present calculated ofcashflow asLongTerm hasbeenconsidered hasbeensegregatedinstrument into Equity and LongTerm value has cashflow ThePresent capital Borrowing. share ofpreference anddividendiscumulative instrument anddiscretionary. isacompound financial Share AsperIndAS1093. Preference this compound 2. Repayment 31 Schedule- Repayment EDCCanadaismadesemiannually i.e.onJanuary ofLoanfrom ofinstalment andonJuly31. 35). shown Canadahasbeenadjusted inOther Expenses(Note intheCorporation, value effect ofthe loanandcorresponding - unsecured the unwinding of amortizaion cost of cost the unwinding ofamortizaion on 26.12.2014. Value adjusting hasbeenderived ofthe Shares) (Preference after liabilitycomponent ofCompound Instrument Financial 1. against facility Fixed Deposithasbeenavailed BankOverdraft having BankofBaroda from sanctionedlimitof Note: Unsecured Secured CLASSIFICATION Total Other Loans(BankOverdraft) From Other Parties From Banks Loans repayable ondemand Current ₹ 1195.36 ason26.12.2014) Crore between the existing andbalanceamounti.e.the difference value Shares Preference ₹ 2050.97 - Crore ₹ 132.96 ( Crores ₹ 13.04 ( Crores ₹ 1195.36 = Crores EASTERN COALFIELDS LIMITED ₹ 124.87 Crores). ₹ 10.93 Crores) in respect of unsecured loan from Export Development 10.93 Export loanfrom ofunsecured inrespect Crores) ₹ 855.61 asnew hasbeenconsidered as Shares Preference Crores) ₹ 535.00 Crore granted 535.00Crore by the saidworking capital Amountin 31-03-2020 Crore As at 1,794.99 1,959.81 1,959.81 368.16 164.82 164.82 368.16 368.16 ₹ 625.00 Crore (NIL). 625.00Crore ₹ Annual Report 2019-20Annual Report ------

31-03-2019 Guarantee Nature of ( ₹ As at 1,820.96 1,820.96 1,662.03 inCrore) 158.93 GOI ------185

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 186 Annual Report 2019-20Annual Report NOTE -20:OTHER FINANCIAL LIABILITIES NOTE -19 :TRADEPAYABLES NOTES TO THEFINANCIAL STATEMENTS Total Others Payable for Expenditue Capital Earnest MoneyEarnest Security Deposits Security Unpaid dividends Current maturities oflong-term debt maturities Current IICM Coal IndiaLimited Account with:Current Surplus fund from Subsidiaries fundfrom Surplus Current Total Others Earnest MoneyEarnest Security Deposits Security Non Current (Carried at amortized cost) atamortized (Carried cost) (at amortized Liability for Wages Salary, andAllowances Power andFuel Stores andSpares Other Trade Payables for: Trade Payables for SmallandMediumEnterprises Micro, Current Others interest duesas above actuallypaidto are smallenterprise. intereste. Further dueandpayable remaining even inthe succeedingyears untilsuch date whenthe d. Interest unpaid andremaining asatyear accrued end DevelopmentMedium Enterprises Act, 2006. the appointed day the butwithout Smalland during period) addingthe underMicro, interest specified c. Interest dueandpayable for the ofdelay period inmakingpayment (which have beenpaidbutbeyond day the during year. Development Act, 2006alongwith the amountofthe payment madeto the supplierbeyond andappointed b. Interest paid by the Company interms ofSection16 SmallandMediumEnterprises ofMicro, &Interesta. Principal unpaid amountremaining butnot dueasatyear end 1. Trade Payables -Total &SmallEnterprises duesofMicro outstanding Notes Total : EASTERN COALFIELDS LIMITED 31-03-2020 As at 1,015.73 31-03-2020 31-03-2020 148.73 225.31 118.82 515.71 95.84 94.46 1.38 1,332.92 1,812.18 As at As at 7.16 7.16 386.40 15.83 74.86 - - - - - 2.17 2.17 - - - - 31-03-2019 31-03-2019 31-03-2019 As at ( ( ₹ ₹ 1,728.81 inCrore) inCrore) 1,163.87 As at As at 351.82 173.47 104.21 457.95 74.78 82.33 73.40 24.66 67.52 6.62 1.38 ------NOTE -21 :PROVISIONS NOTES TO THEFINANCIAL STATEMENTS 2. Provisions of long term gratuity is after adjustment of Gratuity Trust ofGratuity adjustment 2. Provisions isafter oflongterm gratuity Fund balancewith LICof death etc. valued are basis. onactuarial Personal AccidentGroup Leave Insurance, Travel Concession, compensation to dependents in case of mine accidental 1. endliabilityofGratuity, Theperiod Leave for employee retirement encashment,post medical benefit like andbenefits Notes: Total (PostOthers Retirement MedicalBenefit) Stripping Activity Adjustment Site Restoration Provision Other Employee Benefits Leave Encashment Gratuity Employee Benefits Non Current Total Provision for (SiezedCoal) Others Site Restoration Provision ason01.04.2019/01.04.2018 Employee Benefits Current Site Restoration Provision Add: Unwinding ofDiscount Add: Addition the during year Crores ( Crores 5. Provision (Post ofOthers Retirement includes MedicalBenefit) 4. Provisions ofCPRMSETrust (Post adjustment ofOthers Retirement isafter MedicalBenefit) Fund balanceof 3. Provisions oflongterm leave ofLeave adjustment encashmentisafter EncashmentFund balancewith LICof 3863.43 Crores). Crores ( Crores 6. Reconciliation ofReclamation ofLand/Site restoration : /MineClosure received non-executives from for medicare. Other Employee Benefit Related PayPerformance Ex- Gratia Leave Encashment Gratuity ₹ ₹ 101.97 Crores). 454.34 Crores). EASTERN COALFIELDS LIMITED ₹ 121.29 ( Crore ₹ 22.70 Crore) of non-refundable fees ofnon-refundable 22.70Crore) 31-03-2020 31-03-2020 3,703.91 1,227.08 As at As at 2,741.29 (131.77) 365.68 606.03 452.33 183.62 100.27 674.41 158.21 183.61 136.10 674.41 66.28 45.08 23.30 0.96 ₹ 4143.17 ( Crores Annual Report 2019-20Annual Report 31-03-2019 31-03-2019 ( ( ₹ ₹ 1,248.98 As at As at 2,454.37 3,317.73 inCrore) inCrore) ₹ (103.12) ₹ 606.03 606.03 352.36 568.77 189.49 132.91 214.36 477.44 131.72 567.80 112.27 58.69 72.26 38.23 0.84 ₹ -

187

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 188 Annual Report 2019-20Annual Report NOTE -22:OTHER NON CURRENTLIABILITIES NOTES TO THEFINANCIAL STATEMENTS year, thereabalancepayable remains amountingto customers onthe value the ofdespatches prevailing ofCoalconsidering saleprice on31st Marchofthe previous financial two ofpreceding production years valuing atarate prevailing ofeach year April ason1st madefrom andrealisation Note 1:-Inthe ofmakingpayment process ofCessonthe annualvalue landbasedonthe ofcoalbearing average Total Others liabilities Others Cess Equalization Account Advance Customers from /Others Advance for CoalImport Dues Statutory NOTE -23:OTHER CURRENT LIABILITIES infrastructure. ofCoalby way ofexpenditure towards Ministry ofreimbursement from assistance incomeare Deferred andrail road Note Total Income Deferred &Rehabilitation FundShifting Cess Equilisation Account. : EASTERN COALFIELDS LIMITED ₹ 2366.40 Crores ( 2366.40Crores ₹ 2239.60 Crores )which hasbeenshown 2239.60Crores under 31-03-2020 31-03-2020 As at As at 2,366.40 3,901.17 752.08 778.79 2.78 3.90 2.78 - - 31-03-2019 31-03-2019 ( ( ₹ ₹ inCrore) inCrore) As at As at 3,691.91 2,239.60 704.90 744.55 2.86 - - - - NOTE -24 :REVENUEFROM OPERATIONS NOTES TO THEFINANCIAL STATEMENTS 1. slippage) Saleisnet for of ofadjustment actualupgradation/(grade 2. Saleisnet for ofadjustment slippage) estimated of upgradation/(grade 3. Salesincludese-auctionquantity of50.89LT (34.25LT) ande-auctiongain of 7. Disaggregated revenue asperIndAS115 information isgiven inNotes 38. coalquality regarding analysis cases w.r.t madeinearlier 6. Basedonhistorical ofthe trend reports to the mine,aprovision 4. SaleincludesMOUquantity of10.810 LT (17.02 LT) andMOUgain of 5. SaleincludesLinkage Auction quantity of7.05 LT (6.20LT) andLinkage Auction gain of Notes: Revenue from Contract Customers with (A+B) OperatingOther Revenue (Net) (B) Levies Less: Statutory Evacuation Charges facilitating Levies Less :Statutory Loading andAdditional Transportation Charges Subsidy for SandStowing &Protective Works OperatingII. Other Revenue Sales ofCoal(Net) (A) Levies Less :Statutory I. SalesofCoal note slippage. for upgradation/grade issued/beingissuedto the parties quantity of pending referee results till March 2020toquantity results ofpendingreferee atthe arrive estimated slippage grade /enhancement. theFinally above average perton cost slippage ofgrade analysis /enhancementas pertrend has beenmultipliedby the has beencalculated by dividingthe sumderived above by quantity ofcoalabove 3months sample. The total sumofabove slippage grade andthen / enhancementhasbeenconsidered the average 3months oflast trend calculated first. slippage asstatedgrade /enhancement ofgrade above onthe 3months basisoflast available hasbeen results referee received available for 3months’ last Actual have results analysis referee report for analysis. beenconsidered trend Actual net amountderived by Slippage Grade adjusting up-gradation. with Grade ofcoalquality Adjustment isrecognised. for/ adjustment for up-gradation coalquality variance istaken the considering for of coal qualitydowngrade of coal quality is estimated or up-gradation and accordingly, provision for down-gradation EASTERN COALFIELDS LIMITED ₹ 108.09 ( Crores ₹ 18.60 ( Crores ₹ For Year the Ended 196.01 ( Crores 353.96 186.47 16.86 31-03-2020 8.88 ₹ 741.77 ( Crores 13,338.43 12,823.74 18,192.36 ₹ 5,368.62 ₹ -41.27 dueto Crores) credit/debit 29.19 Crore). ₹ 514.69 177.59 337.10 25.19 ( Crores ₹ -74.02 Crores). - ₹ 912.53 Crores). 192.06 For Year the Ended 367.68 15.63 9.15 31-03-2019 Annual Report 2019-20Annual Report ₹ 4.14 Crore). ( 13,449.31 12,914.35 ₹ 18,385.03 inCrore) 5,470.68 534.96 352.05 182.91 - 189

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 190 Annual Report 2019-20Annual Report NOTE 26:COST OFMATERIALS CONSUMED NOTE -25:OTHER INCOME NOTES TO THEFINANCIAL STATEMENTS + B) Change inInventory ofStock-in-trade {Decretion /(Accretion)} (A Change inInventory ofWorkshop (B ) Closing Stock ofWorkshop Jobs goods,WIPandPress madefinished Opening Stock ofWorkshop Jobs goods,WIPandPress madefinished Change inInventory ofCoal(A) Closing Stock ofCoal Opening Stock ofCoal Total Miscellaneous Income Excise inStock DutyonDecrease Liability /Provision Write Backs Lease Rent Gain onForeign exchange Transactions onSale ofAssets Profit Apex Charges Others Dividend Income HEMM Spares Oil &Lubricants Timber Explosives Interest Income NOTE 27 :CHANGES ININVENTORIES OFFINISHEDGOODS,WORK INPROGRESS ANDSTOCK INTRADE Total Other ConsumableStores &Spares EASTERN COALFIELDS LIMITED For Year the Ended For Year the Ended For Year the Ended 31-03-2020 31-03-2020 31-03-2020 (86.86) 681.90 (84.34) 230.46 614.77 172.69 164.28 321.92 210.50 237.58 377.27 (2.52) 13.88 69.97 62.41 11.36 5.84 3.25 - - - - For Year the Ended For Year the Ended For Year the Ended 31-03-2019 31-03-2019 31-03-2019 ( ( ( ₹ ₹ ₹ inCrore) inCrore) inCrore) 458.18 109.50 332.80 239.68 721.71 400.14 213.92 237.58 171.16 171.16 13.73 95.22 25.64 14.28 91.27 11.36 41.15 41.15 5.68 3.16 - - - - NOTE -31 :CONTRACTUAL EXPENSES NOTE -28:EMPLOYEE BENEFITS EXPENSES NOTES TO THEFINANCIAL STATEMENTS NOTE 30:REPAIRS 2% ofthe Average Net Profit Average of 3Years Net Profit the company the years. madeduring three immediately financial preceding Note-1: According to Section135 ofthe Companies Act, 2013 CSRExpensesshouldbe2%ofthe average of net profit Note: Total NOTE 29:CORPORATE EXPENSE SOCIALRESPONSIBILITY Total CSR Expenses Welfare Expenses Staff toContribution P.F. &Other Funds andWagesSalary (incl.Allowances andBonusetc.) Other Contractual WorkOther Contractual ofPlantandEquipments Hiring Wagon Loading Transportation Charges Total Others Plant &Machinery Building EASTERN COALFIELDS LIMITED For Year the Ended For Year the Ended For Year the Ended For Year the Ended 31-03-2020 31-03-2020 31-03-2020 31-03-2020 31-03-2020 7,655.22 1,974.85 1,566.99 5,832.47 1,573.84 134.43 255.76 249.01 117.34 127.92 (5.96) 11.48 14.75 24.08 11.48 2.34 - For Year the Ended For Year the Ended For Year the Ended For Year the Ended 31-03-2019 31-03-2019 31-03-2019 31-03-2019 31-03-2019 Annual Report 2019-20Annual Report ( ( ( ₹ ₹ ₹ ( 7,448.47 ₹ 1,930.38 1,532.21 inCrore) inCrore) inCrore) 5,651.13 1,460.63 inCrore) 126.23 265.13 141.12 141.12 326.46 16.46 116.31 16.46 12.94 16.01 26.98 0.32 1.95 191

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 192 Annual Report 2019-20Annual Report NOTE -32:FINANCE COSTS NOTES TO THEFINANCIAL STATEMENTS Unwinding ofdiscounts Borrowings Interest Expenses Total Others Total (A+B) Sub-total (B) Less :-Provided earlier Doubtful advances Sub-total (A) Less :-Provided earlier Doubtful debts NOTE 34 :WRITEOFF(Net ofpast provisions ) Total (A-B) Total (B) Others Stores &Spares DoubtfulAdvances &Claims DoubtfulDebts (B)Allowance/Provision Reversal Total (A) Others Stores &Spares DoubtfulAdvances &Claims DoubtfulDebts (A)Allowance/Provision madefor NOTE 33:PROVISIONS (NETOFREVERSAL) EASTERN COALFIELDS LIMITED For Year the Ended For Year the Ended For Year the Ended 31-03-2020 31-03-2020 31-03-2020 178.21 132.97 45.08 80.39 95.53 14.63 15.14 0.16 91.74 0.28 1.00 1.00 1.80 0.51 1.71 ------For Year the Ended For Year the Ended For Year the Ended 31-03-2019 31-03-2019 31-03-2019 ( ( ( ₹ ₹ ₹ inCrore) inCrore) inCrore) 105.68 163.10 124.87 38.23 85.48 26.53 59.28 97.40 18.40 11.10 8.28 0.82 1.47 ------NOTE 35:OTHER EXPENSES NOTES TO THEFINANCIAL STATEMENTS Total Miscellaneous Expenses Environmental &Tree Expenses Plantation R &Dexpenses Siding Maintenance Charges Rent Dead Rent/Surface Rescue/Safety Expenses Loss onExchange Rate Variance Insurance Rates &Taxes Rent ExciseCentral Duty Rehabilitation Charges Internal Audit Fees &Expenses d. For Reimbursement ofExpenses c. For Other Services Travelling expenses b. For Taxation Matters a. For Audit Fees Auditor’s Remuneration &Expenses ofAssetsLoss onSale/Discard/Surveyed Under LoadingCharges ChargesConsultancy Legal Expenses CMPDI Charges ChargesHire Charges ofCIL Service Expenses Security Demurrage &Publicity Advertisement Telephone &Postage Training Expenses EASTERN COALFIELDS LIMITED For Year the Ended 31-03-2020 635.08 293.47 45.05 46.78 95.65 29.57 10.60 13.04 50.41 12.74 4.50 0.02 0.09 2.63 0.25 0.26 2.34 5.38 1.28 1.43 1.66 0.91 7.39 0.14 4.13 0.19 5.17 - - - - For Year the Ended Annual Report 2019-20Annual Report 31-03-2019 ( ₹ inCrore) 642.47 307.05 30.23 79.98 40.57 10.93 10.63 18.66 54.41 50.16 6.88 0.06 0.03 4.65 3.23 2.56 0.20 0.09 2.89 2.54 1.44 1.02 1.52 0.01 0.21 7.24 0.16 5.12 - - - 193

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 194 Annual Report 2019-20Annual Report NOTE- 36:TAX EXPENSE NOTES TO THEFINANCIAL STATEMENTS Employee Benefit Deferred Tax Assets/(Liability) inrelation to; 2. Reconciliation ofTax Accounting Expensesandthe multipliedby Profit India’s Domestic Tax Rate Net Deferred Tax Assets/(Liability) Provisions Provsion against DoubtfulLoansandAdvances Provision against Assets DoubtfulFinancial Property, Plant&Equipment andDevelopment, andBoring Prospecting 3. Company assets. expects tax for utilization ofdeferred that there taxable Profit willbefuture IncomeTaxEffective Rate Income Tax inStatement &Loss Expensesreported ofProfit MAT Entitlement Credit Loss Adjustment ofIncomeTax inrespect onOther Comprehensive (Income)/ IncomeTaxAdjustment ofCurrent inrespect ofPrevious Year Adjustment Tax for Deferred Asset Tax Payable higherofA/B Income Tax underMAT Provisions u/s115JB (B) Income Tax Provision ofTax ExpensesasperNormal (A) Less: Additional Expensesallowed asperIncomeTax Add: Tax onNon-deductible Expenses/(Income) (net) Less: Tax onExempted Income At IncomeTax Rate of25.168% (P.Y. 34.944%) BeforeProfit/(Loss) Tax 1. Deferred Tax Assets /(Liability)relates to following: Note: Total YearsEarlier MAT Entitlement Credit tax Deferred YearCurrent EASTERN COALFIELDS LIMITED For Year the Ended 31-03-2020 31-03-2020 31-03-2020 1,501.35 (133.17) 503.70 503.70 359.13 426.30 138.25 126.69 (11.95) (11.95) 371.38 371.38 377.86 33.55% 96.43 89.35 89.35 54.92 18.98 97.44 8.03 - - - - For Year the Ended 31-03-2019 31-03-2019 31-03-2019 ( ( ( ₹ ₹ ₹ 1,298.39 inCrore) inCrore) inCrore) (358.10) 448.48 448.48 549.62 549.62 282.27 278.05 282.27 248.35 248.35 186.66 160.53 453.71 301.27 107.30 42.33% 111.66 19.00 37.82 31.17 31.17 - - - - - NOTES TO THEFINANCIAL STATEMENTS NOTE 37 :OTHER COMPREHENSIVEINCOME Grand Total (C+F) Total (F=D-E) Sub-total (E) ofOCIinJointventuresShare loss relatingii. Incometax to to items or willbereclassified that profit Sub-total (D) ofOCIinJointventuresShare toi. Items orloss willbereclassified that profit Total (C=A-B) Sub-total (B) plans benefit Remeasurement ofdefined or loss relatingii. Incometax to items willnot that to bereclassified profit Sub-total (A) plans benefit Remeasurement ofdefined i. Items willnot that to orloss bereclassified profit EASTERN COALFIELDS LIMITED For Year the Ended 31-03-2020 (163.28) (163.28) (218.20) (218.20) (54.92) (54.92) - - - - - For Year the Ended 31-03-2019 Annual Report 2019-20Annual Report ( ₹ inCrore) (42.39) (42.39) (19.00) (19.00) (61.39) (61.39) - - - - - 195

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 196 Annual Report 2019-20Annual Report NOTE -38ADDITIONAL NOTES TO THEFINANCIAL STATEMENTS FOR THEYEARENDED31 1. [A]Financial Instruments by Category 1. Fair Value measurement Total Other Liabilities Financial moneyEarnest Deposit Security Trade payables Bank Overdraft Share) (Preference Liability Component ofCompound Instrument Financial EDC Loan : Borrowings Financial Liabilities Total Other Assets Financial Other Bank Balances Cash &cashequivalents Trade receivables Loans Co-Operative Share Investments : Financial Assets If any item Financial Liabilities Co-Operative Share Investments : Financial Assets atFVTPL 1. [C]Financial Assets andLiabilitiesmeasured atfair value 1. [B]Fair value hierarchy the group has classified its financial instruments into instruments the three itsfinancial levels underthethe hasclassified accountingstandard. group prescribed statements.in the To financial provide anindicationaboutthe ofthe reliability inputs usedindetermining value, fair andfor cost which values fair disclosed are value atfair andmeasured atamortised (a) recognised and(b)measured Table below shows Judgements andestimates made indetermining that the are instruments values fair ofthe financial EASTERN COALFIELDS LIMITED FVTPL ------31-03-2020 Level I Amortised cost Amortised - - 31-03-2020 8,523.37 3,873.27 1,794.99 1,240.23 3,316.46 5,251.72 1,812.18 148.73 635.91 319.77 368.16 171.98 93.28 Level III 0.05 0.08 - - FVTPL st ------MARCH, 2020 Level I 31-03-2019 - - 31-03-2019 Amortised cost Amortised ( ( ₹ ₹ inCrore) inCrore) Level III 7,093.18 1,662.03 1,728.81 3,976.37 4,186.82 1,621.92 805.59 478.68 165.55 246.87 104.21 68.90 - - 0.09 0.08 - Trade payables Bank Overdraft Share) (Preference Liability Component ofCompound Instrument Financial EDC Loan : Borrowings Financial Liabilities Total Other Assets Financial Other Bank Balances Cash &cashequivalents Trade receivables Loans Co-Operative Share Investments : Financial Assets Total Other Liabilities Financial moneyEarnest Deposit Security 1. [D]Financial cost Assets for which andLiabilitiesmeasured atamortised fair values are disclosedat • The Company considers that the Security Deposits does not include a significant financing component. The milestone• TheCompany that financing the Depositsdoes not considers Security includeasignificant term deposits,cashandequivalents, payables trade receivables, considered short amountsoftrade are • Thecarrying 1. cost [G]Fair assets atamortised values andliabilitiesmeasured offinancial inputs. unobservable At value there nofair present are usingsignificant measurements 1. [F]Fair value unobservable inputs measurements usingsignificant Valuation techniques usedto includethe useofquoted instruments value financial market ofinstruments. prices 1. [E]Valuation technique usedindetermining fair value taken includedinlevel III. level III.Thisisthe casefor depositsandother unlisted security borrowings, shares preference equity liabilities securities, Level market inputs isnot ofthe III:Ifoneormore basedonobservable significant isincludedin the data, instrument isincludedin level the instrument inputs to II. required observable, value are fair all significant aninstrument techniquesestimates. market If which maximize the use ofobservable as little aspossible on entity-specific andrely data Level that not are instruments inanactive traded value II:Thefair market offinancial isdetermined usingvaluation Level I:Level usingquoted measured instruments 1hierarchy includesfinancial prices. A brief ofeach level isgiven below: subsequently measured at amortised cost. subsequently atamortised measured Accordingly,under the contract. value asfair depositisconsidered and atinitialrecognition ofSecurity cost transaction is intended to protect the interest ofthe company, the from contractor to failing adequately complete itsobligations for other reasons percentage than ofeach Thewithholding milestone the ofaspecified provision payment offinance. payments amounts to deposits) and coincide therequires with (security contract the company’sbe retained performance to bethe sameastheir values, fair nature. dueto their short-term EASTERN COALFIELDS LIMITED Level I ------31-03-2020 8,523.37 5,251.72 3,873.27 Level III 1,794.99 1,240.23 3,316.46 1,812.18 148.73 635.91 319.77 368.16 171.98 93.28 0.05 0.08 Level I ------31-03-2019 Annual Report 2019-20Annual Report ( ₹ inCrore) Level III 3,976.37 7,093.18 1,662.03 1,728.81 4,186.82 1,621.92 805.59 478.68 165.55 246.87 104.21 68.90 0.09 0.08 - 197

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 198 Annual Report 2019-20Annual Report terest rate Market Risk-in- eign exchange Market Risk- for Liquidity Risk Risk Credit arrangements witharrangements endusecustomers. Our FSAs categorized canbebroadly into: legally enforceable FSAs with customers orwith State Nominated enters into that Agencies inturn appropriate distribution As contemplated with in and in accordance the terms of the New Policy CoalDistribution (NCDP), the company enters into 2. [A](b)Fuel Supply (FSAs) Agreements and e-auctionterms ofthe (FSAs) fuelsupplyagreements changes) aspart isincorporated (such asregulatory -economicinformation Macro (FSAs) ande-auction. Receivables categorized mainlyoutofsaleCoal.SaleCoalisbroadly arise assalethrough fuelsupplyagreements 2. [A](a)Credit risk management: 2. [A]Credit Risk: liquidity. providesIndia. TheBoard written for overall principles management risk aswell aspoliciescovering investment ofexcess The Company’s management out by risk is carried the of Directors as Board per DPE guidelines issued by Government of of hedge statements. accountinginthe financial This note explains which the the ofrisk sources entityisexposed to andhow the entitymanages the andthe risk impact below. objectives.risk ofDirectors reviews TheBoard policiesfor andagrees managingeach ofthese risks, which summarised are risksand managed measured and that with in procedures accordance financial the identified, are Company’s policies and toassurance the ofDirectors that Board the Company’s governed activitiesare risk by financial appropriate policiesand risks governanceon financial risk andthe framework appropriate for the financial Company. committee Therisk provides management of these risks. The Company’s seniorbymanagement committee is a risk supported that advises, inter alia, The Company isexposed to market andliquidity risk. risk TheCompany’s credit risk, seniormanagement oversees the itsoperations. from assets andother includeloans,trade financial receivables,principal andcashequivalents that isderived directly theliabilities isto Company’s finance andto operations TheCompany’s provide itsoperations. guarantees to support andotherThe Company’s trade liabilitiescomprise payables. financial ofthese principal financial Themainpurpose Financial risk management objectives andpolicies 2. Financial RiskManagement period. each reporting valuation techniques. TheCompany usesitsjudgmentto selectamethod andmakes assumptions suitable atthe endof that not are instruments inanactive estimates: traded Significant value Thefair market offinancial isdetermined using Risk - Bank depositsandmutualfunds Cash andequivalents, INR liabilities not denominated in assets and financial recognised Future transactions, commercial andotherBorrowings liabilities cost atamortised measured asset receivables financial trade Cash andequivalents, Exposure arising from EASTERN COALFIELDS LIMITED sensitivity analysis forecast Cash flow sensitivity analysis forecast Cash flow Periodic cashflows rating analysis/Ageing Credit Measurement audit committee. review by seniormanagement and (DPE guidelines), Regular watch and ofpublicenterprises Department management andauditcommittee. Regular watch andreview by senior facilities and borrowing Availability ofcommitted lines credit securities limitsandotherbank depositscredit of (DPE guidelines),diversification ofpublicenterprises Department Management ii. Expected Credit lossesfor trade receivables approach undersimplified ason31-03-2019. allowance Provision) Expected losses(Loss credit Expected lossrate (%) allowance Provision) Expected losses(Loss credit Expected lossrate (%) amount carrying Gross amount carrying Gross Loss allowance on31-03-2020 Change inlossallowance Loss allowance on31-03-2019 committed lines. credit flexibility maintains infundingby availability maintaining ofthe businesses,Companynature underlying under treasury funding through an adequate amount of committed to facilities credit meet obligations when due. Due to the dynamic cashandmarketable management liquidity andthe risk Prudent securities availability implies sufficient maintaining of 2. [B]Liquidity Risk period. end ofeach reporting calculation, basedonthe Company’s history, past existing market lookingestimates atthe conditionsaswell asforward expected lossrates. TheCompany usesjudgmentinmakingthese assumptions andselectingthe inputs to the impairment assets provisions disclosedabove forThe impairment financial basedonassumptions are and of default aboutrisk estimatesSignificant andjudgmentsfor Impairment assets offinancial iii. Reconciliation ofLossAllowance Provision –Trade Receivables i. Expected Credit lossesfor trade receivables approach undersimplified ason31-03-2020. approach). (Simplified The Company provides for expected lossfor assets, impaired doubtful/credit risk credit by lifetime expected losses credit 2. [A](d)Expected credit loss: is reviewed ofCoal. timeto from timeby the Ministry limited ofcoalthat requirement doesnot along-term linkage. warrant underE-Auction Thequantity ofcoalto beoffered due to alessthan fullallocationoftheir underNCDP, normativerequirement seasonalityoftheir and coal requirement their through coal requirement the available mechanisms institutional underthe NCDPfor variousfor reasons, example, scheme to ofcoalhasbeenintroduced provideThe E-Auction accessto coalfor customers whowere not ableto source Scheme 2. [A](c)E-Auction • FSAs with State Nominated Agencies. • FSAs with customers innon-power (includingcaptive industries power plants(“CPPs”));and • FSAs with customers inthe power utilitiessector, includingState power utilities,private power utilities(“PPUs”)and independent power (“IPPs”); producers Ageing Ageing Due for 2 Due for 2 1,239.95 1,763.78 months months 0.00% 0.00% - - EASTERN COALFIELDS LIMITED Due for 6 Due for 6 1,026.98 months months 90.32 0.00% 0.00% - - Due for Due for 1 year 1 year 88.73 68.84 0.00% 0.00% - - Due for Due for 2 years 2 years 152.58 358.72 14.36% 51.50 0.03% 0.04 Due for 3 Due for 3 years years 128.26 20.06% 45.36% 25.73 35.69 78.68 Due for more Due for more than 3yearsthan 3yearsthan 305.93 353.04 278.71 271.32 86.66% 97.35% Annual Report 2019-20Annual Report ( ( ( ₹ ₹ ₹ inCrore) inCrore) 3,699.62 inCrore) 1,928.97 307.05 10.36% 383.16 15.92% Total Total 307.05 383.16 76.11 199

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 200 Annual Report 2019-20Annual Report iii. Longterm debt: capital share ofPreference ii. Equity Portion i. Equity capital Share occur, inother directly comprehensive income. experience from arising andchanges adjustments assumptions inactuarial inthe inwhich recognised they are period obligation iscalculated by periodically usingthe actuaries projected method. unitcredit Remeasurement gains andlosses lessthe value period benefit fair ofplanassets. obligation Thedefined atthe endofthe benefit reporting of the defined plansisthe value present gratuity India. Theliabilityorasset benefit inthe recognised balancesheet ofdefined inrespect ismadeto of retirement planandcontribution the benefit Corporation Life Insurance asadefined ismaintained Gratuity a. Gratuity 3. Employee Recognition andMeasurement Benefits: (IndAS-19) StructureCapital company ofthe isasfollows: offinance. asset management underministry The company ofinvestment beingagovernment entitymanages andpublic asperthe itscapital guidelinesofDepartment managementCapital limitsandothercredit securities. ofbankdeposits (DPE),diversification ofPublicEnterprises Company manages Department the usingguidelinesfrom risk interestflow rate risk. Company policyisto rate. ofitsdepositsatfixed most maintain The Company’s maininterest bankdepositswith from rate change arises risk ininterest rate exposes the Company to cash b. Cashflow andfair value interest rate risk follow up.Company hasapolicywhich isimplemented becomessignificant. risk whenforeign currency ismanaged and risk by toTheCompany isconsidered of foreign operation respect regular be insignificant. also imports The Company isexposed to foreign exchange Foreign exchange transactions. foreign currency from arising risk in risk a. Foreign currency risk 2. [C]Market risk companies ofthe Company andlimitsset with inaccordance practice by the Company. cash and cash equivalents on the basis of expected out at locallevelcash flows. This is generally carried in the operating Management monitors forecastsofthe Company’s liquidity the and position (comprising facilities) undrawn borrowing Particulars Other Liabilities Financial Trade Payables Obligations includingInterestBorrowings Non-derivative Financial Liabilities Long Term ] Share [Pref. Borrowing EDC Loan-Current EDC Loan-Non-Current Particulars EASTERN COALFIELDS LIMITED Less than Less than 1,008.57 1,812.18 1 year 375.32 31-03-2020 Between 1 to 5years 1,823.63 95.84 - More than 5 years 136.18 - - Less than Less than 1,728.81 1 year 345.20 6.62 31-03-2020 1,794.99 2,218.45 164.82 855.61 Between 1 to 5years 31-03-2019 1,688.49 7.16 7.16 74.78 - 31-03-2019 ( More than ₹ inCrore) 5 years 1,662.03 2,218.45 158.93 855.61 132.47 6.62 - - Unfunded : Funded : d. TheCompany plansasfollows operates benefit somedefined which are valued onactuarial basis: The actuarial liabilityason31-03-2020: below: Total liability as on 31-03-2020 is the the is fundduring period named Coal Mines Providenttrust Fund (CMPF), which invests the towards fund The contribution in permitted securities. The Company pays towards contribution fixed Provident Fund andPension Fund atpre-determined rates to aSeparate c. Provident Fund: that period have termsend ofthe approximating reporting to the terms ofthe related obligation. usingthe period projected discounted are method. unitcredit usingthe Thebenefits of themarket reporting yieldsatthe as the value present ofexpected provided by payments future employees to ofservices bemadeinrespect upto the end leaveThe liabilitiesfor earned expected are to the besettled retirement ofemployee. after They therefore are measured b. Leave encashment Heads Total PRMB for non-executives PRMB for Executives GPAIS Fatal MineAccident Settlement Allowance Non-Executives Settlement Allowance Executives LCS -Non-Executive LCS -Executive LTC -Non-Executive LTC -Executive Half Pay Leave Earned LeaveEarned Gratuity • Leave Travel Concession • MedicalBenefits • Settlement Allowance • Compensation to dependentonMineAccident Benefits Personal Accident• Group Insurance • Life Cover Scheme • Leave Encashment • Gratuity ₹ 904.55 Crore ( 904.55Crore ₹ 5586.20 Crore based on valuation 5586.20 Crore made by the Actuary, details of which mentioned are ₹ EASTERN COALFIELDS LIMITED 910.99 inthe hasbeenrecognized Statement &Loss. Crore) ofProfit as on01-04-2019 Opening Liability 5,251.31 4,237.73 653.47 126.35 36.95 29.29 56.99 62.60 24.24 16.17 6.95 0.45 0.12 -

Incremental Liability during Period the 334.89 226.00 (10.85) (0.12) 51.34 45.18 17.76 0.53 0.60 0.70 0.01 3.74 - - as on31-03-2020 lsn Liability Closing Annual Report 2019-20Annual Report ( ₹ 5,586.20 inCrore) 4,463.73 704.81 171.53 42.00 29.82 66.34 16.77 26.10 57.69 6.83 0.46 0.12 - 201

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 202 Annual Report 2019-20Annual Report Table 2:Disclosure Item Table 1:Disclosure Item ACTUARIAL VALUATION ASAT OFGRATUITY LIABILITY 31-03-2020 CERTIFICATES ASPERIND19 (2015) givenare - below: for employee (funded)andLeave for Gratuity certificate benefits Encashment(funded) asperactuary’s The disclosures e. Disclosure asperActuary’s Certificate S.L. S.L. 10. 10. 18. 15. 14. 13. 16. 12. 12. 11. 11. 17. 9. 8. 9. 8. 6. 5. 6. 4. 3. 2. 5. 4. 3. 2. 1. 1. 7. 7. Present valuePresent ofobligation asonvaluation date Other(Unsettled Liabilityatthe endofthe valuation date) Settlement Cost Fair value ofPlanAssets period atEndofmeasurement Curtailment cost Curtailment Disposal/Transfer ofObligation Acquisition Adjustment Paid Benefits Return onPlanAssets excluding Interest Income The effect ofchange inForeign exchangeThe effect rates Administrative Premium Expenses andInsurance The effect ofchange in Foreign ExchangeThe effect Rates The effect ofasset ceiling The effect Benefits Paid Benefits Actuarial gain/loss onobligations dueto Other reason Actuarial gain/loss onobligations dueto Unexpected Experience Actuarial gain/loss onobligations dueto Change Assumption inFinancial Actuarial gain/loss onobligations dueto Change assumption inDemographic Settlement Cost Acquisition/Business Combination Plan Amendments:Non-Vested atendofperiod(Past Service) portion Fair value ofPlanAssets atBeginningofperiod Participant Contributions Participant Employer Contributions Interest Income Plan Amendments:Vested atendofperiod(Past Service) portion Present valuePresent ofobligation valuation asonlast Participant Contribution Participant Interest Cost Cost Service Current Changes inPresent Value ofObligation asat Changes inFair Value ofPlanAssets asat EASTERN COALFIELDS LIMITED 31-03-2020 31-03-2020 3,863.44 3,863.44 4,463.73 4,237.73 4,143.17 (29.07) 254.99 278.05 478.27 478.27 263.91 472.24 191.40 30.77 ------( ( 31-03-2019 31-03-2019 ₹ ₹ inCrore) inCrore) 3,863.44 3,863.44 4,089.22 4,237.73 2,867.07 1,157.04 292.82 421.66 421.66 216.46 171.43 44.53 44.53 60.83 45.08 ------Table 5:Disclosure Item Table 4:Disclosure Item Table 3:Disclosure Item S.L. S.L. S.L. 10. 10. 9. 8. 6. 5. 4. 3. 2. 9. 8. 6. 5. 4. 3. 2. 6. 5. 4. 3. 2. 1. 1. 1. 7. 7. 7. Early RetirementEarly &Disablement(AllCausesCombined) Superannuation atage-FemaleSuperannuation atage-MaleSuperannuation TableMortality Table Showing PlanAssumptions Average ofLiabilities Duration Average (Remaining expected working Life) service future Pension Rate Increase Inflation) Rate (Salary ofCompensation Increase Expected Return onPlanAsset Discount Rate Expense Recognized instatement asat ofProfit/Loss Fund Liability Benefit Cost (Expense Recognized Cost inStatementBenefit ofProfit/loss) ofchanges inForeignNet Exchange Effect Rates Employee Expected Contribution Actuarial GainlossApplicable onlyfor year last Cost (Loss/(Gain)oncurtailment Cost (Loss/(Gain)onsettlement Cost Net Interest Cost (Non-Vested) Cost Past Service (vested) Cost Past Service Cost Service Current Fund Asset Unfunded Accrued/Prepaid Pension cost Post Date Measurement Employer Contribution(Expected) ActuarialUnrecognized gain/loss atendofthe period Unrecognized Past Service Cost PastUnrecognized Service Funded Status Table Showing Reconciliation to BalanceSheet EASTERN COALFIELDS LIMITED 9.00% for Executive IALM 2006-2008 Executive Staffs 6.25% for Non- 31-03-2020 Ultimate 0.30% 6.60% 6.60% 12,11 12,11 Staff N/A 60 60 31-03-2020 31-03-2020 (320.56) 4,463.73 4,143.17 200.32 191.40 8.92 N/A IALM 2006-2008 Executive Staffs Executive Staff 6.25% for Non- Annual Report 2019-20Annual Report ------31-03-2019 9.00% for Ultimate ( 0.30% 31-03-2019 31-03-2019 7.55% 7.55% ₹ 12,11 12,11 N/A inCrore) (374.29) 60 60 3,863.44 3,863.44 4,237.73 171.43 247.79 76.35 N/A ------203

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 204 Annual Report 2019-20Annual Report Table 7: Disclosure Item ( Table 6:Disclosure Item Table 8:Disclosure Item S.L. S.L. S.L. 10. 10. 13. 13. 12. 12. 11. 11. 9. 8. 6. 5. 4. 3. 2. 9. 8. 6. 5. 4. 3. 2. 9. 8. 6. 5. 4. 3. 2. 1. 1. 1. 7. 7. 7. Net(Income)/Expense for the Period Recognized inOCI Balance atthe endofthe Period The effect ofasset ceiling The effect Return onPlanAsset, Excluding Interest Income Total Actuarial (gain)/losses Actuarial gain/loss onobligations dueto Other reason Actuarial gain/loss onobligations dueto Unexpected Experience ComprehensiveOther Income Actuarial gain/loss onobligations dueto Change Assumption inFinancial Actuarial gain/loss onobligations dueto Change assumption inDemographic Table Showing AllocationofPlanAsset atendMeasurement Period Government ofIndiaAssets State Government Securities Real Estates Debt Structured Asset-Backed Securities Derivatives Investment Funds Special DepositScheme Cash &Equivalents Total Other FundAnnuity Contracts/Insurance Debt Securities Bonds Corporate Government ofIndiaAssets State Government Securities Real Estates Debt Structured Asset-Backed Securities Derivatives Investment Funds Special DepositScheme Cash &Equivalents Total Other FundAnnuity Contracts/Insurance Debt Securities Bonds Corporate Table Showing Total Allocationin%ofPlanAsset at end Measurement Period EASTERN COALFIELDS LIMITED 31-03-2020 31-03-2020 31-03-2020 (29.07) 278.05 248.97 218.20 218.20 ------30.77 - - - ( 31-03-2019 31-03-2019 31-03-2019 ₹ ₹ inCrore) inCrore) 105.91 ------44.53 44.53 60.83 45.08 61.39 61.39 - - - Table Showing Information Benefit Estimated Future payments (Past Service) Table 12: Disclosure Item Company’s Discretion Minimum Funding Requirements Next Year Total (Expected) Table Showing CashFlow Information Table 11: Disclosure Item Table 10: Disclosure Item TableMortality Table 9:Disclosure Item S.L. 6. 5. 4. 3. 2. 1. 7. 4,099.49 4,262.64 4,318.28 4,241.03 Increase -3.26% 0.08% 0.59% 1.90% 31-03-2019 Decrease 4,234.42 4,384.01 4,148.99 4,212.81 -0.08% -2.09% -0.59% 3.45% Age 70 65 60 55 50 45 40 35 30 25 % Change to Compared basedueto sensitivity % Change to Compared basedueto sensitivity % Change to Compared basedueto sensitivity % Change to Compared basedueto sensitivity EASTERN COALFIELDS LIMITED More thanMore 10 years Salary Growth (-/+0.5%) Salary Discount Rate (-/+0.5%) Mortality Rate (-/+10%)Mortality Attrition Rate (-/+0.5%) Sensitivity Analysis 6 to 10 Year 1 5 4 3 2 Mortality (Per Annum) Mortality 0.0258545 0.0170085 0.000984 0.007888 0.004946 0.001056 0.001803 0.002874 0.001282 0.011534 4,533.90 4,313.62 4,490.16 Increase 4,467.17 -3.36% 0.08% 0.59% 1.57% 31-03-2020 Annual Report 2019-20Annual Report ( ( ( ₹ ₹ ₹ Decrease 4,386.82 4,460.30 4,622.87 4,437.31 inCrore) inCrore) inCrore) ( Amount -0.08% -0.59% -1.72% ₹ 3.57% 2,545.66 4,462.37 2,871.93 inCrore) 428.63 465.28 527.93 454.15 467.02 457.81 - 205

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 206 Annual Report 2019-20Annual Report Table Showing expected return onPlanAsset atendMeasurement Period Table 14: Bifurcation ofNet liability Table Showing OutlookNext Year Components ofNet Periodic Cost Next benefit Period Table 13: Disclosure Item Closing Balance at the end of the year endofthe Closing Balanceatthe Less: Fund the during year released Add: the during Interest year earned Add: Investment the during year Opening Balanceatthe beginningofthe year Particulars on 31-03-2020 isasfollows: TrustGratuity by hasbeenformed entering into aTrust Deedwith the Trustees.Balance with LICunderthe saidScheme as beenentereda MOUhasalready into with LICinthe year 2012-13. To manage the aforesaid Scheme anEmployees Group Company hasadopted the Employees Scheme with Assurance LICofIndiafor Gratuity itsemployees Group andfor which GROUP GRATUITY ASSURANCE SCHEME S.L. S.L. S.L. 10. 11. 9. 8. 9. 8. 6. 5. 4. 3. 2. 3. 2. 1. 1. 7. Curtailment Cost Curtailment Benefit Cost Benefit Other (Actuarial Gain/loss) Settlement Cost actuarial/gain lossattheUnrecognized endofthe period Cost service past Unrecognized Expected Return onPlanAsset Interest next Cost period Current service Cost (Employer Cost Only)Next period portion service Current Particulars Current liability Current Net Liability Liability Non-Current Total Undiscounted Payments Past andFuture Service Total Undiscounted Payments related to Past Service EASTERN COALFIELDS LIMITED Projected Benefit ObligationProjected Benefit Particulars Less DiscountFor Interest Year 31-03-2020 31-03-2020 4,463.73 3,863.43 4,143.17 4,011.40 452.33 285.77 478.27 472.24 ( ( 31-03-2019 31-03-2019 ₹ ₹ inCrore) inCrore) Amount Amount 3,863.43 4,463.73 3,226.74 7,690.48 4,237.73 3,760.31 2,867.07 1,157.04 260.98 421.66 294.61 477.42 279.19 193.15 177.74 ------Table 2:Disclosure Item Table 1:Disclosure Item The valuation ataglance estimate basedonbest assumption valuation date asoncurrent isasprovided below: ACTUARIAL VALUATION OFLEAVE ENCASHMENT BENEFIT(EL/HPL)ASAT 31-03-2020 CERTIFICATES ASPERIND S.L. S.L. 10. 10. 18. 15. 14. 13. 12. 16. 12. 11. 11. 17. 9. 8. 6. 5. 4. 3. 2. 9. 8. 6. 5. 4. 3. 2. 1. 1. 7. 7. Fair value of PlanAssets period atEndofmeasurement Present valuePresent ofobligation asonvaluation date Return onPlanAssets excluding Interest Income Administrative Premium Expenses andInsurance ofchange in Foreign ExchangeThe effect Rates The effect ofasset ceiling The effect Paid Benefits Other (Unsettled Liabilityatthe endofthe valuation date) Settlement Cost Curtailment cost Curtailment Disposal/Transfer ofObligation Acquisition Adjustment Paid Benefits Settlement Cost Acquisition/Business Combination Contributions Participant Employer Contributions Interest Income Fair value ofPlanAssets atBeginningofperiod The effect ofchange inForeign exchangeThe effect rates Actuarial gain/loss onobligations dueto Other reason Actuarial gain/loss onobligations dueto Unexpected Experience Actuarial gain/loss onobligations dueto Change assumption inDemographic Actuarial gain/loss onobligations dueto Change Assumption inFinancial Plan Amendments:Non-Vested (Past atendofperiod Service) portion Plan Amendments:Vested (Past atendofperiod Service) portion Contribution Participant Interest Cost Cost Service Current valuePresent ofobligation valuation asonlast Changes inPresent Value ofObligation asat Changes inFair Value ofPlanAssets asat EASTERN COALFIELDS LIMITED AS 19 (2015) 31-03-2020 31-03-2020 (106.80) 454.34 568.77 145.02 716.07 125.61 771.15 771.15 29.99 56.95 45.09 65.77 65.77 5.19 Annual Report 2019-20Annual Report ------( 31-03-2019 31-03-2019 ₹ ( ₹ inCrore) inCrore) 454.34 646.83 491.73 (17.54) 716.07 101.14 69.34 69.34 46.22 (5.18) 37.13 37.13 8.77 ------207

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 208 Annual Report 2019-20Annual Report Table 5:Disclosure Item Table 4:Disclosure Item Table 3:Disclosure Item S.L. S.L. S.L. 10. 10. 2. 9. 8. 3. 6. 5. 4. 9. 8. 6. 5. 6. 4. 5. 4. 3. 3. 2. 2. 1. 1. 1. 7. 7. 7. Discount Rate Expected Return onPlanAsset Voluntary Retirement Early RetirementEarly &Disablement(AllCausesCombined) atage-FemaleSuperannuation atage-MaleSuperannuation Rate of Compensation Increase(Salary Inflation) Rate ofCompensation Increase(Salary Mortality TableMortality Average (Remaining expected working Life) service future Pension Rate Increase Benefit Cost(Expense Recognized Cost(Expense inStatementBenefit ofProfit/loss) Net Effect ofchanges inForeignNet Exchange Effect Rates Fund Liability Employee Expected Contribution Actuarial Gain/loss Fund Asset Unfunded Accrued/Prepaid Pension cost Cost (Loss/(Gain)oncurtailment Cost Post Date Measurement Employer Contribution(Expected) Cost (Loss/(Gain)onsettlementCost Net Interest Cost ActuarialUnrecognized gain/loss atendofthe period Past Service Cost (Non-Vested) Cost Past Service Cost PastUnrecognized Service Current Service Cost Service Current Funded Status Past Service Cost (vested) Cost Past Service Expense Recognized instatement asat ofProfit/Loss Table Showing PlanAssumptions Table Showing Reconciliation to BalanceSheet EASTERN COALFIELDS LIMITED IALM 2006-2008 Executive Staffs Executive Staffs 6.25% for Non- 31-03-2020 0.30%p.a. 9.00% for Ultimate Ignored 6.60% 0.066 12,11 N/A 60 60 31-03-2020 31-03-2020 (202.38) (55.04) 568.77 125.61 771.15 771.15 85.67 9.00% for Executive 15.10 N/A IALM 2006-2008 Executive Staffs 6.25% for Non- 31-03-2019 0.30%p.a. ------Ultimate Ignored 0.0755 Staffs 7.55% N/A ( ( 60 60 12 31-03-2019 31-03-2019 ₹ ₹ inCrore) inCrore) (261.73) 454.34 106.64 716.07 101.14 (3.59) 9.09 N/A ------Table 8:Disclosure Item Table 6:Disclosure Item Mortality TableMortality Table 7: Disclosure Item S.L. 9. 8. 6. 5. 4. 3. 2. 1. 7. Increase 720.20 689.30 744.64 717.80 -3.74% 0.58% 3.99% 0.24% Net(Income)/Expense for the year Recognized inOCI Balance atthe endofthe Period ofasset ceiling The effect Return onPlanAsset, Excluding Interest Income Total Actuarial (gain)/losses Actuarial gain/loss onobligations dueto Other reason Actuarial gain/loss onobligations dueto Unexpected Experience Actuarial gain/loss onobligations dueto Change assumption inDemographic Actuarial gain/loss onobligations dueto Change Assumption inFinancial 31-03-2019 Decrease 744.78 714.35 689.18 711.95 -0.58% -0.24% -3.76% 4.01% Age 70 65 60 55 50 45 40 35 30 25 Other ComprehensiveOther Income %Change to Compared basedueto sensitivity %Change to Compared basedueto sensitivity %Change to Compared basedueto sensitivity %Change to Compared basedueto sensitivity EASTERN COALFIELDS LIMITED Salary Growth (-/+0.5%) Salary Discount Rate (-/+ 0.5%) Mortality Rate (-/+10%)Mortality Attrition Rate (-/+0.5%) Sensitivity Analysis Mortality (Per Annum) Mortality 0.0258545 0.0170085 0.000984 0.007888 0.004946 0.001056 0.001803 0.002874 0.001282 0.011534 Increase 803.98 775.58 773.00 740.24 -4.01% 4.26% 0.57% 0.24% 31-03-2020 31-03-2020 ------Annual Report 2019-20Annual Report Decrease ( 31-03-2019 ₹ ( 804.45 766.73 740.37 769.31 -3.99% ₹ -0.57% -0.24% inCrore) 4.32% inCrore) ------209

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 210 Annual Report 2019-20Annual Report Total revenue from contract customers with • Others • Coal Types ofgoodsorservice Disaggregated revenue information: 4. DISCLOSURE ASPERIND115 REVENUEFROM CONTRACT WITHCUSTOMERS Closing Balanceatthe endofthe year Opening Balanceatthe beginningofthe year Particulars with LICunderthe saidScheme isasfollows: Master ofLICnamely‘New Proposal Leave Group EncashmentCashAccumulation Scheme (UIN512N282V01)’. Balance Encashment Plan.Accordingly, the fundinginthe Company New Leave Group hasstarted EncashmentPlanadopting the companies were advisedby CILto initiate the fundingofLeave Encashmentliabilitywith LICofIndiainNew Leave Group Selection ofIRDAI approved atCILlevel. Companies isunderprocess Life Insurance Inthe meantime,allsubsidiaries of India and IRDAILiability with Corporation Life Insurance approved Companies Life of in the70:30. Insurance ratio itsapproval accorded Coal IndiaBoard inthe 322ndmeeting heldon13th November, 2015 for fundingofLeave Encashment LEAVE ENCASHMENT FUNDING Table Showing expected onPlanAsset return Period atendMeasurement Table 10: Bifurcation ofNet liability Less: Leave EncashmentFund the during year released Add: the during Interest year earned Add: Investment the during year Table Showing Information Benefit Estimated Future payments (Past Service) Table 9:Disclosure Item S.L. S.L. 10. 11. 3. 9. 8. 6. 5. 4. 3. 2. 2. 1. 1. 7. Net Liability Non-Current Liability Non-Current Current liability Current Total Undiscounted Payments Past andFuture Service Total Undiscounted Payments related to Past Service EASTERN COALFIELDS LIMITED Projected Benefit ObligationProjected Benefit Particulars Less DiscountFor Interest More thanMore 10 years 6 to 10 Year 5 4 3 2 1 31-03-2020 31-03-2020 31-03-2020 12,823.74 12,823.74 705.55 454.34 568.77 145.02 771.15 771.15 65.77 65.61 35.18 - ( ( ( 31-03-2019 31-03-2019 31-03-2019 ₹ ₹ ₹ 12,914.35 inCrore) inCrore) inCrore) Amount 12,914.35 1,554.21 783.06 795.72 454.34 643.84 491.73 398.15 716.07 771.15 771.15 75.58 70.42 72.38 69.34 72.24 31.95 67.85 74.11 - - - portion and has been shown in Other Equity (Noteportion 17) of and debt portion Total revenue from contract customers with (CMPDIL) orServices • Others • Non-Power Sector • Power sector Types ofcustomers Trade receivables (Refer Note 13) Contract balances: Total revenue from contracts customers with over transferred time • Services atapointintime transferred • Services over• Goodstransferred time atapointintime • Goodstransferred Timing ofgoodsorservice Total revenue from contract customers with • Others • E-Auction • FSA Types ofcontract Current Account BalanceofCILtoCurrent ECL aggregating to inits310thCIL Board Meeting Board heldon08th November 2014 itsapproval accorded to the loanand convert past 5. Preference Share Capital previous during year Revenue obligation performed outofPerformance recognised period Revenue Liabilitiesatbeginning ofreporting outofContract recognised liabilities(ReferContract Note 23) assetsContract interest ason31st (Note Borrowings March 2020hasbeenshown inNon-Current 18). December 2014 at8%discountrate i.e., Redeemable value offace Shares Preference of Interest atthe discountrate of8%amountingto Finance cost (Note cost Finance 32). yearfor the current ended31st March,2020has beencharged &LossA/c underthe in cost to headborrowing Profit The difference between the valueThe difference ofthe above i.e., capital share ofDividendthereon isatthe& Declaration discretion ofthe company. (6%Cumulative, Capital Share &Redeemable) asPreference Non-convertible isaCompound Instrument Financial modified In IndAScompliant Statements Financial ended31st March,2017 hasbeen Capital Share ofPreference treatment the date of issue andallotment i.e.26th December2014. ₹ 1195.36 amountingto Crore, EASTERN COALFIELDS LIMITED ₹ ₹ 132.96 ( Crore 1000.00 each which of7years to from are atthe beredeemed expiry ₹ 2050.97 to Crore fullypaid6%Cumulative, & Non-convertible ₹ ₹ 124.87 Shares ofPreference on the Crore) debt portion 2050.97 value &present ofthe Crore sameason26th ₹ 855.61 asEquity hasbeenconsidered Crore ₹ 1794.99 ( Crore ₹ 31-03-2020 31-03-2020 31-03-2020 31-03-2020 1662.03 along with Crore) 12,823.74 12,823.74 12,823.74 10,229.25 12,823.74 11,008.86 2,362.37 3,316.46 1,814.88 778.79 232.12 Annual Report 2019-20Annual Report ------( ( ( ( 31-03-2019 31-03-2019 31-03-2019 31-03-2019 ₹ ₹ ₹ ₹ 12,914.35 12,914.35 12,914.35 inCrore) inCrore) inCrore) inCrore) 10,652.65 10,539.10 12,914.35 2,010.86 1,621.92 2,261.70 364.39 744.55 ------211

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 212 Annual Report 2019-20Annual Report Table -II The management believes that the outcomeofthe above willnot have onthe any company. material adverse effect Contingent Liabilities:Claimsagainst company the not acknowledged asdebt. 6. Unrecognized items accumulated losses. Company iscarrying Table -I Dividend asat31st Cumulative March,2020on6%Non-Convertible Redeemable of Shares Preference stands at stands S.L. S.L. S.L. 4. 3. 2. 1. 2. 1. Closing ason31-03-2020 c. Total settled the during year (a+b) b. Out of addition during theb. Outofadditionduring period a. From openingbalance Settled the during period: Addition the during period Opening ason01-04-2019 Sub-Total (ii) Others RE Cess&PE Others: Duty Electricity MADA TaxEntry Environment Clearance Royalty State Government Sales Tax/VAT Sub-Total (i) Others Service TaxService Central SalesTaxCentral ExciseCentral Income Tax Central Government ₹ 646.06 Crore (asat31st 646.06 Crore March,2019 Particulars EASTERN COALFIELDS LIMITED Particulars Particulars 2,336.33 Central 2,056.49 ₹ Govt. (213.52) (213.52) 523.00 Crore). No Provision 523.00Crore). hasbeenmadefor the sameasthe 493.36 - Other localities** Other State Govt. & 3,577.22 3,573.63 (11.28) (11.28) 14.87 - CPSE 31-03-2020 31-03-2020 ------2,336.33 3,577.22 1,258.55 1,320.59 As on As on 2,178.14 880.02 (258.39) (258.39) 135.72 Others 40.40 527.64 753.75 54.13 43.11 2.89 32.28 ₹ - - - - 2050.97 Crore - 31-03-2019 31-03-2019 ( ( ₹ 2,056.49 3,573.63 inCrore) ₹ 6,383.87 6,441.19 1,048.61 As on As on 1,267.50 (483.19) (483.19) inCrore) 2,178.14 Total 540.51 102.93 794.31 110.64 43.55 29.21 53.74 1.49 - - - - mined mineral of mined mineral (Development ademandunderMinesandMinerals raised andRegulation) Act, 1957 asapenaltyfor illegally orunlawfully Mineral underMMDRAct, 1957 :Government has basisofjudgmentHon’ble onthe ofJharkhand Supreme Court ** Sub-Total (iv) • The amount remaining to• Theamountremaining beexecuted accountnot oncapital provided for is Estimated to remaining amountofcontracts beexecuted accountandnot oncapital provided for: 6. [A]Commitments favour subjectto decisionofrevision petition. Rajmahal, S.P. ofECLhave MinesandMugmaarea caseandthe facie balanceofconvenience madeaprima isintheir hasnotof Jharkhand to yet the applicant i.e. Rajmahal been forwarded Rejoinders. In view ECL for of above Area, filing of copymonths revision the from to applications. The reply date the of service Revision Applications by the Government notices. Government was ofJharkhand directed to areply to the file revision applicationswithin timeof3 the prescribed directed that nocoercive actionwillbetaken against the applicantsby to the pursuant respondents the impugned Demand exercise ofpower ConcessionRules, 55(v)ofMineral underrule 1960 with read section30ofMMDRAct. MOChadalso The above Revision admitted Applications are by MOC by staying the execution of the 11 notices as mentioned above in the allegedregarding violationbefore the Revisional Authority, ofCoal,Government ofIndia. Ministry ofECLhaveMugma Area 11 filed Revision Applicationchallenging the Demandnotices issuedby the State ofJharkhand to Rajmahal claiming S.P theMines and Mugma area area, penalty mentioned above. CGM (GM I/C), Rajmahal, SP Mine, 7. Information Other Provision andImpairment Note 5:-Exploration AndEvaluation Assets : CWIP Against Note Work 4:-Capital inProgress : of Assets &Impairment Depreciation Note 3:-Property, PlantandEquipments : The positionandmovement ofvarious provisions asperIndAS-37, ason31-03-2020 given are ( below: ProvisionsA. 80.21 ( Crore Crore) • The amount remaining to• Theamountremaining beexecuted onrevenue accountnot provided for is As on31-03-2020 Letters outstanding (LoC) is ofCredit 6. [B]Letter ofCredit : S.L. 4. 3. Demand ofState ofJharkhand andDistrict MiningOfficer, Dhanbadaspenalty for illegal orunlawful Mined Grand Total (i+iiiiiiv) Others (EmployeeOthers Related &etc.) Miscellaneous -Land Others Sub-Total (iii) Others Suit against the Company underlitigation Arbitration Proceedings Arbitration PublicSectorCentral Enterprises ₹ 75.04Crore). ₹ 2,178.14 State Crore. Mining Officer, Dhanbadhadissued 11 andDistrict of Jharkhand Demandnotices Provisions Particulars EASTERN COALFIELDS LIMITED Balance ason 01-04-2019 Opening 1,353.83 ₹ 22.14 ( Crore 3.98 - Addition the yearthe 466.80 during 7.62 - ₹ 22.41 andBankGuarantee Crore) issuedis during year the Write back/ ₹ Adj./Paid 573.90 ( Crore ₹ 6746.75 ( Crore (0.08) 64.70 - 31-03-2020 Unwinding Discount ₹ As on 6,441.19 186.27 Crore). ₹ of 6250.05Crore). 506.87 527.64 20.77 - - - Annual Report 2019-20Annual Report - - - - Balance ason 31-03-2020 31-03-2019 Closing ₹ 6,383.87 1,755.93 in As on 753.75 729.92 23.83 11.68 - - - - - ₹

213

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 214 Annual Report 2019-20Annual Report C. Earnings Per Share each 21000000 Cumulative, 6%Non Convertible Redeemable of Shares Preference B. Authorised Preference Share capital Advances for Revenue Note 11:- Current Other Assets : Claims &other receivables Account withCurrent Subsidiaries Depositfor utilities Security Other Deposits andReceivables Note Financial 9:-Other Assets: Loans: Other Note 8:-Loans: Site Restoration/Mine Closure Others Note 21:- Non-Current &Current Provision : Provision for bad&doubtfuldebts Note 13:-Trade Receivables : Other Advances andDepositsto Employees Advance dues payment ofstatutory Stock ofstores &spares Stock ofCoal Note 12:- Inventories (i) Holding&itsSubsidiaries D. Related Disclosures Party S.L. iii. iv. ii. v. i. d. b. h. e. g. a. c. f. Basic andDiluted inRupees perShare (Face Earnings value Less: Profit attributable to attributable ( Shareholder Pref. Less: Profit Net profit after tax attributable tax Net to after Equity profit Shareholder ( Weighted Average no.ofEquity Outstanding Shares Central Mine Planning andDesignInstituteCentral Limited (CMPDIL) Limited (MCL) Mahanadi Coalfields Limited (NCL) Coalfields Northern Western Limited (WCL) Coalfields LimitedSouth Eastern (SECL) Coalfields limited (CCL) Coalfields Central Bharat CoakingCoalLimitedBharat (BCCL) iii ÷iv] Coal IndiaLimited (Holding Company) Profit/(Loss) after tax ( tax after Profit/(Loss) Provisions ₹ inCrore) EASTERN COALFIELDS LIMITED Particulars Balance ason 01-04-2019 ₹ Opening inCrore) 3,960.68 606.03 307.05 21.07 45.14 4.22 0.38 1.70 - - - - - ₹ Addition the yearthe ₹ inCrore) 295.90 606.03 during 1000/- ( pershare) 91.74 0.02 1.59 1.71 0.19 ------during year the Write back/ ₹ Adj./Paid 1000/- 15.63 0.01 0.51 ₹ ) [ ------31-03-2020 31-03-2020 For year the 2,21,84,500 Unwinding Discount 2,100.00 ended of 23.30 123.06 394.24 874.59 997.65 ------Balance ason 31-03-2020 31-03-2019 31-03-2019 2,21,84,500 Year ended 2,100.00 Closing For the 4,256.58 282.05 123.06 625.71 748.77 383.16 674.41 46.34 21.07 0.02 0.37 1.89 5.81 - - - - (ii) Remuneration ofKey Managerial Personnel. 1. Company Secretary: 2. 1. Independent Directors: 3. 2. 1. Director: Official Part-time 6. 5. 4. 3. 2. 1. Whole timeFunctional Directors: E. (i)Key Managerial Personnel S.L. S.L. iii. ii. i. d. b. e. a. c. f. Total Gratuity Leave Encashment Termination (Paid : atthe time ofSeperation) Benefits toContribution P.F. &Other Fund Post-Employment : Benefits Perquisites andOther Benefits Medical Benefits Salary Gross TermShort Employee : Benefits Shri RambabuShri Pathak AnilKumarShri Ganeriwala Pravin KantShri SanjivSoni Shri AnimeshBharti Shri B.P.Shri Pati Dutta Samiran Shri De Chandra Gautam Shri B.VeeraShri Reddy VinayShri Ranjan JaiprakashShri Gupta Shri Prem Sagar Prem Mishra Shri CIL Executive Pension Contribution Scheme-2007 Defined Post-RetirementContributory MedicalScheme for Executive Trust Coal MinesProvident Fund (CMPF). New Leave Group EncashmentScheme with LICI. CashAccumulationNew Gratuity Planwith Group LICI(for employees 01.04.2014). joiningafter CashAccumulation Gratuity PlanwithGroup LICI. Remuneration to CMD,WholeTime Directors andCompany Secretary Particulars EASTERN COALFIELDS LIMITED Director CIL (Finance), Economic Adviser, MoC(w.e.f 17.03.2020) Joint Secretary, MoC(upto 17.03.2020) 02.03.2020) Director (Additional (Finance) charge w.e.f 16.08.2019 upto Director (w.e.f (Finance) 03.03.2020) Director (Technical) (w.e.f Operations 01.01.2020) Director (Personnel) Director (Technical) P&P Chairman cum-Mg.DirectorChairman 31-03-2020 31-03-2020 For year the For year the ended ended 2.42 0.20 0.04 0.23 0.70 1.25 Annual Report 2019-20Annual Report - 31-03-2019 ( 31-03-2019 Year ended year ended ₹ inCrore) For the For the 2.30 0.40 0.20 0.02 0.43 1.07 0.18 215

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 216 Annual Report 2019-20Annual Report (iv) BalancesOutstanding Key with Management Personnel amount of significant transactions. amount ofsignificant C&F Charges andEmployees related expenses. AsperIndAS24, following and the nature are regarding disclosures with ApexNature CILare oftransactions charges, R&Dexpenses, Rehabilitation Expenses,Subsidy, EDCLoanrepayment, (v) Related Transactions Party Group: within (iii) Payment to IndependentDirectors year 2018-19, for previous year figure hasnot beenrestated. hencereported relevantmore to However, information users. impact onvaluation ofclosingstock there hasbeeninsignificant ofprevious Method ofinventories ofcalculationcost hasbeenchanged to Weighted Average Method FIFO method from for providing G. IndAS02-Inventories accounting ofLeasesfor Lessor. to Ontransition IndAS116 impact. Limited Eastern hasnofinancial Coalfields assetright-of-use andalease liabilityfor leasepayments future incase ofcompany beinglessee.No changes in required hasgiven leases.Leaseagreements to asoperating rise the ofa by classified recognition lesseesofleasescurrently has beenchanged asperIndAS116. change Theprincipal ofIndAS116, Leasesischange inthe accountingtreatment for the companyhas becomeeffective 01.04.2019 from Ind AS 17, replacing Leases. The accounting policy on leases dated 30th March, 2019 Affairs of Corporate of Ministry Notification Vide Indian Accounting Standard (Ind AS) 116, Leases F. IndAS116- Leases NTPC control ofthecontrol sameGovernment. under sameGovernment. Thefollowing have transactions beenentered length atarm’s with price entitiesunderthe balances with and outstanding the transactions to in Governmentrelation controlling and another related party entity ofholdingcompany.shares TheCompany beingaGovernment entityisexempt the from general requirements disclosure by (CPSU) controlled GovernmentThe Company Central Public Sector by isa Central holding majority Undertaking of control(vi) Entitiesunderthe samegovernment: ofthe on payment of Note: Besidesabove, wholetimeDirectors have beenallowed to for private useofcars journey upto aceilingof1000 KMs CIL Name of S.L. S.L. Related Parties ii. i. i. Amount Receivable Amount Payable Sitting Fees ₹ Related Loan to Parties Parties 2000/- per month as per service conditions. 2000/-permonth asperservice - Name ofEntity Loan from Payment to IndependentDirectors Payment to IndependentDirectors Related Parties Parties - EASTERN COALFIELDS LIMITED Charges Apex 50.41 Charges Rehab. 29.57 Lease Rent - Transaction Sale ofCoal Funds parked Interest on with CIL with 1.04 Charges For year the For year the 31-03-2020 31-03-2020 31-03-2020 IICM 4.56 ended ended 5,834.09 - - 0.10 Current Account (Payable) Balance ( ( ( 31-03-2019 31-03-2019 31-03-2019 year ended year ended ₹ ₹ ₹ ( inCrore) inCrore) inCrore) ₹ For the For the inCrore) 6,123.47 515.71 - - 0.06 Position ofUnutilized Fund underMaster Planason31st March,2020isshown hereunder: ECL hasalsoopted for settlement taxes ofdirect disputes with apayment of of deferred tax asset tax of deferred by (as on31st March 2019 from 34.944%from to 25.168% resulted year inprovision inreduction for ofcurrent incometax by inthe isconsidered tax accountsforcorporate the year ended31-03-2020 andonwards. Such change inrate ofincome tax unchanged.Cess 4%willremain Reducedto rate the isbeneficial tax ofcorporate company, hencethe revised rate of the F.Y. 2019-20 (A.Y. 2020-21) inlieuofexisting Tax rate of30%andsurcharge rate of12%. Therate ofHealth &Education the Company Domestic canopt Tax for Corporate reduced Rate of22%alongwith Surcharge reduced rate of10% w.e.f. ofthe TaxationBy virtue (Laws) AmendmentAct 2019, No. 15 of2019, underSection115BAA ofthe IncomeTax Act 1961 debts etc. adequate considered are to cover possiblelosses. Provisions madeinthe accountsagainst slow moving/non-moving/obsolete stores, claimsreceivable, advances, doubtful K. Provisions Accounts madeinthe accounted andescalationclaimsare settlement.Insurance for onthe basisofadmission/final J. Insurance andescalationclaims Closing balanceofunutilizedfund the during Less: Utilization/adjustment year Add: Fund Received the during year Opening balanceofUnutilized Fund underMaster Planatthe beginningofthe year on the basis ofutilizationstatement submitted by ADDA. isanunutilizedfundof There advanced to ADDA and such Advance (shown under Other Advance in Note-11) as well as the relevant Fund, both adjusted are dwelling in non-ECL houses, of forpersons which the Company acts as a nodal agency. Fund received as nodal agency is of the Company leasehold.AsansolDurgapur Development Authority (ADDA) isthe implementing agency for rehabilitation The Company receives area fundunderMaster dwelling affected Planfor incoalbearing dealingwith ofpersons rehabilitation I. Fund underMaster Plan books ofrespective directly. subsidiaries accountedAs perexisting companies are goodspurchasedby for practice, inthe CoalIndiaLimited onbehalfofsubsidiary H. Goodspurchased by CoalIndiaLtd.onbehalfofSubsidiaries notified by Ministry of Corporate Affairs (MCA) underthe Companies (Indian Accounting Standards) Rules, 2015. Affairs of Corporate bynotified Ministry elucidate the accountingpoliciesadopted by the Company with inaccordance IndianAccounting Standards (IndASs) to Accounting over Policies Significant (Note-2) /re-drafted previous asfound necessary period, modified suitably are P. accountingpolicy Significant conditions andimpact onitsbusiness. ended 31st March2020.TheCompany will continue to closelymonitor any material changes economic future from arising for results the yearreview impact on its indicatorsfinancial of economic conditions, there and current is no significant theand across globe. TheCompany hasevaluated the impact Basedonits ofthis pandemiconitsbusinessoperations. of CoronavirusO. (COVIDThe outbreak -19) and disturbance slowdown is causing significant of economic activity in India balances. liabilities.Provision ismadeagainstand current doubtfulunconfirmed loans & advances, long term liabilities out for cash & bank balances, certain is carried Balance confirmation/reconciliation BalanceConfirmations N. Estimated liabilityhasbeenprovided actualliabilitycouldnot where bemeasured. M. Current Liabilities equal ofbusinessatleast to course the amountatwhich theyin the stated. are ordinary In the opinionofthe Management, assets other than investments assets fixed andnon-current have avalue onrealisation L. Current Assets, LoansandAdvances etc. 2003-04 to 2007-08 and2012-13 Taxes underDirect VivadSeVishwas Scheme (DTVsVs). ₹ ₹ 217.05 ADDA from awaiting Crore) for their utilizationcertificate adjustment. 125.47 Crores. Particulars EASTERN COALFIELDS LIMITED ₹ 9.93 Crore in respect ofAssessmentYear inrespect 9.93Crore ₹ 204.35 Crore ason31st 204.35Crore March,2020 ₹ 144.26 andwithdrawal Crore 31-03-2020 As at 204.35 150.00 162.70 217.05 Annual Report 2019-20Annual Report ( 31-03-2019 ₹ inCrore) As at 164.87 381.92 217.05 - 217

FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW 218 Annual Report 2019-20Annual Report March 2020.Note-38 provides Additional Notes to the Statements. Financial of the BalanceSheet as at31st March2020and24 to ofStatement&Lossfor the 37 year ofProfit ended31st part form Accountingd. Note- Policies andSignificant respectively, information Corporate 1and2represents Note 3to part 23form inNotec. Previous period’s figures No. 3to inbrackets. 38are haveb. Previous period’s wherever figures beenrestated andrearranged asperIndASandregrouped necessary. considered a. Thecompany cycle estimates operating to itsnormal beoftwelve (12) months. R. Others Total 2 1 iii. The various heads under which CSR Expenditure were incurred isdetailediii. Thevarious headsunderwhich were asfollows: CSRExpenditure incurred theii. Amountspentduring year on: to amountrequired i. Gross bespentby the company the 2019-20 during period is Q. CSRExpenditure: Company Secretary (RAMBABU PATHAK) Sl. Sl. Place: Sanctoria/Kolkata Date: 10-06-2020 8 7 6 5 4 3 2 1 On Purpose otherOn Purpose than above (1) any Assets /AcquisitionConstruction of Clause (x) Clause (vii) Clause (vi) Clause (iv) Clause (iii) Clause (ii) Clause (i) schedule Act VIIofthe Relevant clauseof Year Ended G.M. (Finance) Director Director G.M.(Finance) Chairman-cum-Managing (Finance) (MD.TASHFEEN) (GAUTAM CHANDRADE) Rural development andothers Promotion of Sports Promotion ofSports Benefit of armed forces ofarmed Benefit Environmental Sustainability Promoting gender equality andempowering women Promotion ofeducation available water safe drinking &Promoting healthcare hunger, Eradicating making andmalnutrion, poverty Administrative Expenditure EASTERN COALFIELDS LIMITED In Cash/ Bank - 9.36 Description ofCSRactivities 31-03-2020 in Cash/Bank DIN-08725907 DIN-07379202 Yet to bepaid - 2.12 Total 11.48 - (PREMSAGAR MISHRA) In Cash/ ₹ NIL Crore ( NILCrore Bank - 14.56 FOR G.P. AGRAWAL &CO. As per our report annexed As perourreport CA Rakesh Kumar Singh Membership No. 066421Membership Chartered Accountants Chartered Year Ended 31.03.2020 31-03-2019 F.R.No.302082E ₹ in Cash/Bank Yet to bepaid 0.32Crore) Partner Partner 11.48 2.80 4.20 2.75 1.30 0.21 0.11 0.11 - - 1.90 ( Year Ended 31.03.2019 ₹ ( ₹ inCrore) inCrore) 16.46 16.46 Total 0.78 5.39 0.06 6.70 3.22 0.14 0.17 - -

Eastern Coalfields Limited (A subsidiary of Coal India Limited) CMD’S office, Sanctoria Post : Dishergarh Dist : Paschim Bardhaman Pin : 713333, West Bengal www.easterncoal.nic.in