India's total coal production went up by 11.66 per cent to 75.87 million tonnes in November 2022 from 67.94 million tonnes recorded during the corresponding period of last year
State-owned Coal India on Friday said it will further boost production in the coming months and is optimistic that the company will achieve the output target set for the current financial year. Coal India (CIL), which accounts for over 80 per cent of domestic coal production, is eyeing an output of 700 million tonnes (MT) for FY'23. "We began FY'23 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 MTs. "In the ensuing months we aim to sustain the tempo and further scale up the production and feel upbeat about achieving the target," the PSU said in a statement. Following the end of the monsoon season, 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, the company said. The PSU produced 400 million tonnes (MT) of coal as on November 24 of the
CIL has set a target of 700 million tonnes (MT) for FY23
'Both domestic exploration and buying stake in overseas mineral mines is on the agenda'
The dispatch of coal to the power sector registered 5.5 per cent decline at 56.49 million tonne last month. The coal supply to the power sector was at 59.79 million tonne (MT) in October 2021. "The power utilities dispatch has reduced by 5.51 per cent to 56.49 MT during October 2022 as compared to 59.79 MT in October 2021," provisional statistics of the coal ministry showed. However, in April-October period of ongoing financial year, the dispatch increased 13.07 per cent to 413 MT from 365.25 MT in the year-ago period. The overall dispatch of the dry fuel to different sectors in October also dropped to 67.02 MT from 70.21 MT in the year-ago period. The supply to captive power plants also fell to 3.54 MT from 4.97 MT. Many states faced power outages due to shortage of coal in the summer season this year. However, the coal ministry had said the "power crisis" happened mainly on account of the sharp decline in electricity generation from different fuel sources and not due to the ...
The furious pace of production has helped prevent the blackouts of last year but there are questions over whether the state-owned miner can sustain the pace
Union Coal Minister Pralhad Joshi on Thursday said to meet the coal requirements of the country, it is necessary that all subsidiaries of Coal India Ltd (CIL) achieve their annual targets. Joshi visited Western Coalfields Ltd headquarters in Nagpur and attended various programmes, said a press release issued by WCL. Western Coalfields Ltd (WCL) is one of the eight subsidiary companies of CIL, a central PSU. The minister also presided over a review meeting and took stock of the production, productivity and coal dispatch status of WCL, said the release. Chairman-cum-Managing Director of WCL Manoj Kumar briefed the minister on coal mining activities and assured the company would achieve the production target by the year-end. In order to meet the coal requirements of the country, it is necessary that all CIL subsidiaries achieve their annual targets, the release quoted Joshi as saying. He said to make the country self-reliant in the coal sector, it is necessary to strengthen the ...
State-owned CIL on Monday said that it produced 47.3 million tonnes (MT) of coal last month, registering a growth of 11 per cent from the year-ago period. The production of domestic coal usually dips during monsoon every year due to disruptions in mining activity. The company's output in the corresponding month of previous fiscal was 42.6 million tonnes (MT), the coal behemoth said in a BSE filing. Coal India Ltd (CIL) said it maintained the double-digit rising streak for four consecutive months of the current financial year. Coal India accounts for over 80 per cent of domestic coal production. The public sector enterprise produced 207.1 MT of coal in the first four months of the ongoing fiscal, registering a growth of 24.3 per cent over 166.6 MT in the year-ago period. In the wake of a surge in demand from the power sector, CIL supplied 199.4 MT of coal to this sector in the April-July period of the current fiscal, 19.2 per cent more than 167.3 MT supplied in the year-ago ...
The production of coal during the month of June 2022 almost doubled to 15.55 lakh MT from 7.73 lakh MT in the same month a year ago
Coal India braced up to meet its part of committed coal supplies to power sector, says Chairman Pramod Agrawal
The dispatch of the dry fuel also increased 15.87 per cent to 37.18 MT in the first half of the current month over the corresponding period of the last fiscal
India's total coal production in FY22 was 777.02 million tonnes, up by 8.5 per cent from 716 million tonnes in FY21
Coal output and offtake targets are pegged at 700 MTs for FY23
There are other metrics too, such as e-way bills, mobility measures and power generation, all of which are used to support the national accounts figures, not replace them
State-owned NLC India is making efforts to ramp coal output from one of its mines in Odisha to up to 10 million tonnes per annum this year.
372 non-coal, 60 coal mines, 14 factories suspend output
NTPC Ltd is ramping up coal output from its mines and importing 270,000 tonnes of the fossil fuel under existing contracts, as it seeks to boost stocks at its plants and meet rising electricity demand
Impact on IIP likely even as some economists believe consumer goods might tone it down to some extent. Core sector accounts for 40.27% of IIP
Contraction due to decline in production of crude oil, natural gas, refinery products and steel
For the first time in the ongoing fiscal, Coal India has recorded growth in both production and off-take