Coal India Ltd.

Coal India management and its subsidiaries have signed a memorandum of understanding (MOU) with representatives of Central Trade Unions viz. INTUC, AITUC, HMS and CITU on January 31, 2012. The MOU is part of national coal wage agreement - IX a period of five years with effect from July 01, 2011 for its 3.63 lakh strong non-executive work force.

Coal India would bear the additional financial impact of around Rs 6,500 crore per annum due to signing of NCWA-IX.

Coal India is the largest coal producing company in the world. The company also produces non-coking coal and coking coal of various grades for diverse applications.