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March 2, 2024

Coal India Boosts Production by 11% to 685 Million Tonnes in April-February Period

Coal India Ltd (CIL), the state-owned coal producer, reported a significant 11% increase in production, reaching 685.1 million tonnes (MT) during the April-February period of the current fiscal year, according to a filing made to the Bombay Stock Exchange (BSE).

Compared to the output of 619.7 MT recorded in the corresponding period of the previous year, this marks a notable growth for the public sector coal giant.

The surge in production continued into February, with output rising to 74.8 MT from 68.8 MT reported in the same month of the previous fiscal year, as per the filing.

It’s important to note that these figures are provisional and subject to finalization.

In terms of offtake, which represents the amount of coal supplied from the pitheads, the total during the April-February period climbed to 684.7 MT, up from 630.5 MT recorded in the same period a year ago.

Similarly, the offtake for February saw an uptick, reaching 65.3 MT compared to 58.3 MT in the corresponding month of the previous fiscal year.

Coal India’s contribution to the domestic coal output remains significant, accounting for over 80% of the country’s coal production.

The increase in coal production by Coal India reflects efforts to meet the growing demand for coal, especially in sectors like power generation, steel, and cement. As the backbone of India’s energy infrastructure, the rise in coal output underscores the company’s commitment to fueling the nation’s industrial growth and meeting energy needs.

Rajan Shukla

Rajan Shukla

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