Coal India Projects

Coal India shares reached their 52-week high of Rs 543.55 per share on the NSE on August 26, 2024, while they fell to their 52-week low of Rs 349.25 per share on February 17, 2025

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 is likely to report production of around 773.7 million tonnes (MT) for the 2023-24 fiscal, which will be close to a 10-per cent growth over last year, company sources said. However, it is expected to fall short of the target of 780 million tonnes. Coal offtake is expected to stay restricted to 753 million tonnes, nearly 90 per cent of the target of 780 million tonnes, they said. The miner will announce its production and offtake numbers later on Monday. The company's dry fuel supplies to thermal power plants touched the 610.8-million tonne mark on Wednesday, surpassing the target for this sector. Coal India Chairman P M Prasad in a recent investor concall projected a shortfall in the wake of some land-related production hurdle in South Eastern Coalfields Ltd. All other subsidiaries, however, topped its targets. The largest coal producer in the world registered its highest-ever production of 703.2 MT in the 2022-23 fiscal. The target for the next fiscal year has be

The miner plans to start operations at five new mines, with a combined annual capacity of 14.3 million tons, in the next fiscal year, Prasad said

Coal India Ltd has committed a capital investment of about Rs 24,750 crore in the next few years on as many as 61 first-mile connectivity (FMC) projects in a bid to boost eco-friendly coal transportation. In a statement, the world's largest coal producer said the projects, which will be set up in three phases, will have a combined capacity of 763.5 million tonnes per annum on completion. FMC projects involve the transportation of coal in mechanized piped conveyors from production points to coal handling plants/silos with a rapid loading system where coal is loaded directly into rail wagons. "It is essential that coal transportation is environment friendly to improve the quality of life of people living in the proximity of coalfield areas. "FMC projects offer benefits like suppression of dust pollution and carbon emissions. They also reduce the load on road transportation leading to safety. Other benefits include precise quantity and quality coal is loaded for consumers with minimal

The country's largest domestic supplier has been appointed a quasi-canalising agency for sourcing overseas supplies

The announcement has come just a day after Coal India saw its profit for the fiscal year 2020-21 (FY21) fall by 23.9%

The power sector accounts for close to 80 per cent of Coal India's total supplies

Along with protest, the union has decided to submit a memorandum jointly to the Prime Minister through the head of the company/area and also through e-mail

Coal despatch to the power sector in the first nine months of the current fiscal was down by 8.1 per cent at 334.27 million tonnes

Though coal production from the captive mine has started, the fuel could not be reached to the thermal power plant due to evacuation bottlenecks, forcing OCPL to stop mining, the official said

Coal Secretary Sumanta Chaudhuri calls upon allottees to go extra mile with govt to operationalise the mines

Further fresh auction of coal mines to private players can also lead to higher competition for Coal India

As many as 89 projects of Coal India are running behind schedule due to reasons such as delay in green clearances and law and order problems, the world's largest coal miner said in a report. Of the 89 delayed projects, 62 are mining projects and 27 are non-mining projects, Coal India (CIL) said in the report. Coal India has ambitious target of raising its annual production to 1 billion tonnes by 2020 from around 550 million tonnes at present. "Out of 120 (mining) coal projects, 58 projects are running on schedule and 62 are delayed," the PSU said. Of the 62 delayed mining projects, 34 are running behind the schedule on account of delays in getting forestry clearances and 17 are delayed because of land acquisition and associated R&R issues. "In addition, seven projects are running behind the schedule due to delay or discontinuance of work or non- participation in tender by contractor, one project due to law and order problem and three projects due to lack .