Coal India production rises by 17% in April-October period

CIL has said that its coal production has increased by 17.4% to 351.9 million tonnes (MT) in the April-October period of the ongoing fiscal

Alt=
Coal India Ltd (CIL)

New Delhi: State-owned CIL said on Tuesday its coal production increased by 17.4 percent to 351.9 million tonnes (MT) in the April-October period of the ongoing fiscal. The company’s coal output in the corresponding period of the last fiscal was 299.6 MT, Coal India Ltd (CIL) said in a filing to BSE. Coal India accounts for over 80 percent of the domestic coal output.

CIL increased its coal production from 49.8 MT to 52.9 MT

The coal production by CIL has also increased to 52.9 MT last month as compared to 49.8 MT of coal production in the corresponding month of the previous fiscal. The public sector enterprise also said its coal offtake during April-October went up to 385.7 MT from 364.4 MT in the year-ago period.

However, in October, the offtake dropped to 53.7 MT from 56.5 MT in the same month of last fiscal. The coal major did not give the reason for the drop in offtake.

CIL targets producing 1 BT of coal by 2025-26

CIL will achieve 1 billion tonnes of coal production by 2025-26 as against the earlier timeline of 2023-24 in view of the COVID-19 pandemic, Coal Minister Pralhad Joshi had earlier said.

Coal output by CIL in the current financial year is expected to be 700 MT and there would be an additional output of 200 MT from other sources.

(PSU Watch– India’s Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)