Presentation about Internship in BCCL

1. BCCL
BHARAT COKING COAL LIMITED

2. Mission
To Produce planned quantity of coal Efficiently
and Economically in an Eco-friendly manner
with due regard to Safety, Conservation &
Quality.

3. Introduction
 BCCL meets almost 50% of the total prime coking coal
requirement of the integrated steel sector.
 BCCL is the major producer of prime coking coal (raw and
washed) in India.
 BCCL operates washeries, sand gathering plants, a network of
aerial ropeways for transport of sand, and a coal bed methane-
based power plant.

4. Formation of BCCL
• BCCL was incorporated in January, 1972 to operate
coking coal mines.
• It was operating in the Jharia & Raniganj Coalfields,
taken over by the Govt. of India on 16th Oct, 1971.
• The company operates 81 coal mines which include
40 underground, 18 opencast and 23 mixed mines as
on April 2010.

5. Various Mining Areas In BCCL
Area No 1 Barora Area
Area No 2 Block II Area
Area No 3 Govindpur Area
Area No 4 Katras Area
Area No 5 Sijua Area
Area No 6 Kusunda Area
Area No 7 Putkee Balihari Area
Area No 8 Western Jharia Area
Area No 9 Bastacolla Area
Area No 10 Lodna Area
Area No 11 Eastern Jharia Area
Area No 12 Chanch / Victoria Area

6. Different products and services of BCCL
• COKING COAL
• SEMI COKING COAL
• NON-COKING COAL
• HARD COAL
• MIDDLINGS
• REJECTS

7. ORGANIZATION CHART

9. Various Departments of BCCL
Personnel Technical
Finance Project &
Planning

10. Divisions In Finance Department
• Central Accounts & Taxation
• Cost & Budget
• Pay Section
• Purchase Finance
• Internal Audit Department
• Sales Account
10

11. COST & BUDGET DEPTT
PROFILE
(1) Creating Cost Sheet
• Monthly
• Quarterly
• Annually
(2) Assessment Of Revenue Budget
• Day To Day
• Year To Year
(3) Budget Certification (BC) of Capital Budget
(4) Replying to Parliamentary/ Ministerial Queries

12. Major Objectives Of Cost Sheet
(1) Cost Control
• To minimise the cost incurred in Revenue Budget
(2) Cost per tonne
• To determine the cost/tonne of coal
(3) To lie within the MOU Target
• Coal Target
• Over Burden (OB) Target

13. Financial Statement of BCCL
Quick Estimate of Profitability
↓
Assessing Profit/Loss
↓
Total Cost Incurred
↓
Quantity of Production
↓
Total Sale
↓
Profit or Loss
↓
To be submitted to Coal India

14. Budget Certification (BC)
• Proposal for Capital Budget is sent to
Director(F) for approval.
• Before sending it is certified from the Cost &
Budget Deptt.
• In certification it is checked whether the
proposed budget is available.

15. SWOT ANALYSIS
Strength
• Energy saving equipment are
eligible for 100 percent
depreciation
• 1/10th of the expenditure on
production of minerals allowed
as a deduction from the total
income.
• Mining in specified backward
districts is eligible for a
complete tax holiday
Weakness
• Limited access to capital
• Mines are increasingly more
costly to find, acquire, develop
and produce
• Long lead times on production
decisions
• Mining industry suffers from
an outdated, unattractive
approach to mining education

16. Opportunity
• Considerable
opportunities for future
discoveries of deposits
• Potential exists for
setting up
manufacturing units
• Strengthening of
logistics in coal
distribution
Threats
• Threat of being taken
over by foreign
companies
• Heavy tax burden
discourages further
investment
• Politicians undervalue
the industry's
contributions to the
economy
• Stricter environment
rules restricting mining
activities

17. CONCLUSION
• Public sector companies are major consumers of coal.
• It has very limited area to work.
• Prices are set by the Ministry of Power.
• The profitability of BCCL has been fluctuating every year.
• The revenue is generated mainly from the Outsourcing which
BCCL has started doing since 2008.

18. BIBLIOGRAPHY
• www.google.com
• www.coalindia.in
• www.bccl.gov.in
• Magazines of navratan company
• BCCL magazine