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Coal India Limited
In a step towards enhancing research capabilities in the coal and energy sector, the Coal India Ltd and IIT Hyderabad on Friday joined hands to establish a Centre of Excellence for Clean Coal Energy and Net Zero. Coal India Ltd CMD P M Prasad and IIT Hyderabad Director B S Murty signed an MoU here in this regard in the presence of Union Coal and Mines Minister G Kishan Reddy. As per the understanding, the Coal India Ltd would fund the centre with an initial grant of Rs 98 crore. Speaking on the occasion, Reddy said the joint initiative underscores India's commitment to developing advanced clean coal technologies and promoting the sustainable utilisation of coal resources in alignment with its net-zero commitments. Observing that the Coal Ministry has prioritised the development of research capabilities in the coal sector, he said the National Centre for Coal and Energy Research (NaCCER) has been established at Central Mine Planning and Design Institute (CMPDI) in Ranchi. A decisio
Coal India Limited (CIL) is expecting a production of 788 million tonnes (MT) and an offtake of 765 MT for the current fiscal year ending March 2025, its chairman P M Prasad said on Monday. The initial production target was 838 MT, which was revised to 806-810 MT in January. In FY'24, the company achieved production of 773.65 MT, reflecting a 10 per cent year-on-year growth. Speaking at a mjunction organised Coal market conference the chairman attributed the slowdown in offtake to a rake shortage in large mines, but remained optimistic about growth in the coming months. Both production and offtake are expected to grow by 1.5 per cent this year, based on current estimates against 10 per cent and 8.5 per cent growth, respectively, last year. Prasad also mentioned that the availability of rakes had been a concern due to the Kumbh Mela, but after discussions with the Railways, rake availability has improved. On the issue of international coal prices softening, Prasad ruled out any pr
State-owned Coal India Ltd (CIL) recorded a marginal 0.9 per cent decline in coal production in February compared to the year-ago period. The company's' coal production stood at 74.1 MT in February this fiscal, down from 74.8 MT in the corresponding month of previous fiscal. The company's production in the April-February period was 695.3 MT over 685.1 MT in the year-ago period, CIL said in a filing to BSE. Coal India accounts for over 80 per cent of domestic coal output. The cumulative coal production during April-February period was at 928.95 million tonnes, registering an increase of 5.73 per cent, over 878.55 MT of fossil fuel produced in the year-ago period, the coal ministry said in a statement. The cumulative coal dispatch during the April-February period rose to 929.41 MT, registering a growth of 5.50 per cent from 880.92 MT produced in the corresponding period of previous year, the ministry said. "This robust performance underscores India's commitment to energy security a
State-owned CIL expenditure on corporate social responsibility (CSR) initiatives increased 36.5 per cent to Rs 497 crore in the April-January period of the current financial year. Coal India Ltd (CIL) spent Rs 364 crore in the year-ago period, a company official said. CIL, which accounts for over 80 per cent of domestic coal production, directs over 70 per cent of its CSR funds toward healthcare, nutrition and sanitation and education and livelihood, the official said. As the highest CSR spender among Central Public Sector Undertakings (CPSEs) for the past five years, CIL spent Rs 572 crore to CSR activities in the last fiscal year alone, the company said in a statement. The company's CSR initiatives have positively impacted over 35 million lives so far, it said. The coal behemoth has spent Rs 5,570 crore in CSR initiatives over the past decade. The company recently received the Golden Peacock CSR Award 2024 at the 19th International Conference on Corporate Social Responsibility
Coal India Ltd (CIL) on Saturday reported its first monthly production de-growth with the miner's output reducing by 0.8 per cent year-on-year in January. The company produced 77.8 million tonnes (MT) of coal in January as compared to 78.4 MT in the year-ago month. Despite the January production decline, CIL's management remains optimistic about achieving strong growth in the February-March period of the current fiscal, an official said. In December 2024, Coal India's production increased by 5.25 per cent year-on-year. For the period from April 2024 to January 2025, CIL recorded a growth of 1.8 per cent with output reaching 621.1 MT, up from 610.3 MT in the corresponding period of the previous fiscal. CIL's offtake in January stood at 68.6 MT, a 2.2 per cent increase, from 67.1 MT in the year-ago month. For the first 10 months of the current fiscal (April 2024-January 2025), CIL's offtake reached 630.2 MT, reflecting a 1.8 per cent increase, from 619.4 MT in the corresponding per
Chhattisgarh-based coal producer SECL, an arm of Coal India, on Monday said it has increased the pace of clearing mine overburden to ramp up its output. In the current financial year from April till date, it removed 281 million cubic metres (MCuM) of overburden, registering a growth of 7.6 per cent year on year. Overburden removal (OBR) involves clearing of soil and rock layers from the surface of a mine to access coal reserves. OBR of South Eastern Coalfields Ltd (SECL) has "crossed 281 million cubic metres, achieving 105 per cent of its pro-rata target and recording 19.82 MCuM (7.58 per cent) increase compared to the same period last year", the public sector enterprise said in a statement. The company said it is removing over 1.3 million cubic metres of overburden daily. With this momentum, SECL is confident of surpassing its annual target and achieving an additional 40-45 million cubic metres of OBR, marking the highest-ever in the company's history. "Despite various challenges
Coal India Ltd (CIL) has acknowledged that the realistic production target for the current fiscal will be 806-810 million tonnes (MT), down from 838 million tonnes, company Chairman PM Prasad said on Friday. CIL production grew 2.2 per cent to 543 million tonnes till December in the current fiscal. But aiming to ramp up production in the remaining days of the fiscal, efforts are on to achieve a growth of around 4 to 5 per cent, he said. "We are targeting a production of 806-810 million tonnes in the current fiscal," Prasad said on the sidelines of the announcement of the 11th edition of the International Mining and Machinery Exhibition (IME 2025). "In the full year, we are targeting to achieve a realistic target of about 4-5 per cent growth," Prasad told PTI. In FY24, CIL produced 773.65 million tonnes, marking an 11 per cent growth over FY'23. He expressed optimism about getting closer to the target, citing the performance of subsidiaries Mahanadi Coalfields, Northern Coalfields
Coal India Ltd (CIL) has set its sights on Argentina as a destination in its strategic diversification into critical minerals, with a focus on lithium brine assets, an official said on Sunday. Recognising the economic significance and strategic value of minerals like lithium (Li), nickel (Ni), cobalt (Co), and others, the Maharatna company has initiated steps to explore opportunities in key resource-rich nations such as Argentina, Australia and Chile. "The state-owned mining behemoth has invited expressions of interest (EoI) from experienced consultants to conduct technical due diligence on lithium brine assets in Argentina," a senior Coal India official told PTI. The selected consultant will undertake due diligence, an initial review process to assess the financial, strategic, and geological viability of the identified assets, he said. Lithium brine is a concentrated salt solution that contains dissolved lithium and other minerals. Lithium is in great demand for its use in ...
Coal India Ltd (CIL) has spent Rs 5,570 crore in Corporate Social Responsibility (CSR) initiatives over the past decade, a top official said on Sunday. Coal India Chairman P M Prasad said the PSU has been focusing on education, healthcare, skill development, sports, and women empowerment. Inaugurating the 3rd CIL CSR Conclave 2024 on Sunday, West Bengal Governor C V Ananda Bose underscored the transformative power of CSR initiatives in improving the lives of communities, particularly in tribal belts of coal-bearing areas. He lauded CIL's contributions, including its efforts to support cancer patients, stating that such initiatives contribute to the holistic development of the nation. CSR initiatives are a powerful tool to transform lives, especially in vulnerable regions, Bose said. "Coal India spent Rs 5,570 crore in Corporate Social Responsibility initiatives over the past 10 years," Prasad said. Coal Secretary Vikram Dev Dutt commended coal companies for their impactful CSR .
The government on Thursday gave letters of award to four entities, including BCGCL- a joint venture of CIL-BHEL - for availing fiscal incentives totalling Rs 4,150 crore for setting up coal gasification projects. Letters of Award (LoAs) have been given to CIL-BHEL , a consortium of CIL-GAIL , Coal India Ltd and New Era Cleantech Solution Pvt Ltd. "Ministry of Coal has reached a significant milestone in India's Coal Gasification Initiative with the issuance of LoAs to the selected applicants under Categories I and III of the Rs 8,500 crore Coal Gasification Incentive Scheme," the coal ministry said in a statement. BCGCL has been awarded Rs 1,350 crore of financial incentive under the scheme for its coal gasification project in Lakhanpur, Odisha. With a total investment of Rs 11,768 crore, the project aims to produce 0.66 million tonne per annum of ammonium nitrate. The CIL-GAIL joint venture project in Sonepur Bazari, West Bengal, has been awarded Rs 1,350 crore. This project, costi
State-owned CIL's coal production rose by 2.4 per cent to 471 million tonnes (MT) in the April-November period of the current financial year. Coal India Ltd (CIL) produced 460 MT of coal in the year-ago period. CIL accounts for over 80 per cent of the domestic coal production. The company's production also rose by 1.7 per cent to 67.2 MT in November against 66 MT in the corresponding month a year ago, CIL said in a regulatory filing to BSE. Coal offtake by CIL, which is the amount of dry fuel supplied from coal pitheads, rose by 1.5 per cent to 492.6 MT in the April-November period of the current fiscal, compared to 485.2 MT in the year-ago period. The company's coal offtake in November was almost flat at 63 MT, over 62.9 MT in the corresponding month of the previous fiscal, the filing said. Coal India Ltd said it produced 773.6 million tonnes of coal in 2023-24 but fell short of its production target of 780 MT for the fiscal. Its production was 703.2 MT in the preceding 2022-23
Coal India arm NCL is planning a huge rehabilitation and resettlement (R&R) project and is working on relocating the residents from the township in Madhya Pradesh's Singrauli, which has 600 million tonnes of mineable coal underneath, company's CMD B Sairam said. Talking to reporters here, Sairam said Morwa township in Singrauli, Madhya Pradesh, is spread across 927 hectares. The project, which is quite huge, will have its own share of challenges as it will involve relocation of the entire Morwa township of Northern Coalfields Ltd (NCL). "The good thing is that in this acquisition, the people are ready to relocate. So half of the problem is solved because the first resistance comes from the people only," the chairman and managing director (CMD) said. Once people are ready, the only thing to decide is the rates of the compensation and the R&R benefits, he said. For the last six months, NCL has been regularly negotiating with the people on rehabilitation and resettlement. "Based .