New Delhi: Coal India Limited (CIL) has breached the 400 million tonne (MT) production
mark in the quickest time ever on November 24 of the ongoing fiscal. This represents a y-o-y growth of 17 percent. "CIL produced 342 MT of coal in the corresponding period of the same year," the company stated in an official statement. "CIL hit the record time output of 400 MT 31 days ahead as compared to December 25 of the last year. The company's accelerated production brought down the asking annual growth rate to 6.9 percent from 12.4 percent at the year's start. All the subsidiary companies of CIL sustained double-digit production growth since the beginning of FY23 compared to the preceding fiscal," the company said in the statement.
"We began FY23 requiring 78 MT jump in volume terms to touch the target of 700
MT. As of November 24, the company has already achieved an increase of nearly
58 MT. In the ensuing months, we aim to sustain the tempo and further scale up
the production and feel upbeat about achieving the target," said a senior executive
of CIL. "CIL's production peaked to 2.1 MT as of the referred date which is the highest-ever recorded single day's output till November in any fiscal," he added.
'CIL's OBR has risen to high orbit of 5.8 MCuM'
The statement also said, "Paving the path to increased production in the remaining months of FY23, the company's overburden removal (OBR) has been consistently logging an average of 5.4 million cubic metres (MCuM) per day during November till now. This level
of OBR removal was never witnessed earlier. CIL's OBR has risen into a high orbit of 5.8
MCuM on November 23 which is yet another high. OBR is an important performance parameter that exposes the coal seam which simplifies future extraction of coal. OBR also lends better mine geometry leading to ease of operations and improved safety."
"With the monsoon season ended most of the mines have been dewatered. The
festive season is also over. There will be greater availability of machines and
manpower leading to better production and productivity in the coming months," it added.
Coal India has said it exceeded the annual target of green coverage by mid-November. Coal India's plantation of 1,526 hectares, as of November 15, has exceeded the FY23 annual target of 1,510 hectares achieving 101 per cent target satisfaction, it said.
"The increased plantation helped in creating 76,544 tonnes of carbon sink potential per year. Driven up by the eco concerns and to reduce carbon dioxide emissions, CIL in recent years has stepped up the efforts on greening its mining areas," the miner said.
The plantation area of Coal India grew by 77 percent so far over 862 hectares of FY21. In the last five years till March this year, 4,392 hectares of greening inside the mine lease area has created a carbon sink potential of 2.2 lakh tonne per year, the PSU said.
"Coal India supports India's commitment of Intended Nationally Determined Contributions and aims to become a net-zero company by FY 2027," company chairman Pramod Agrawal said.
The company has planted over 30.42 lakh saplings during FY'22 expanding the green cover in mining areas to 1,468.5 hectares.
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