As the world turns its back on fossil fuels, Coal India faces a reckoning

India's largest supplier of coal is pivoting to boost its renewable energy output. It will need to cut its operating costs first, and increase coal output to keep the numbers up

The current financial year is turning out to be one of reckoning for the 50-year-old Coal India Ltd (CIL).

 

The country’s largest coal miner has seen a drop in almost all of its key operational and financial parameters in the April-September period. Production has fallen 4 per cent to 329 million tonnes (MT), offtake dropped 3 per cent to 357 MT, overburden removal 3 per cent to 855 million cubic meters, revenue from operations 4 per cent to ₹66,029 crore, net sales 3 per cent to ₹58,790 crore, and profit after tax slumped 25 per cent to ₹12,997 crore.

 

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