Coal India reported a 12% rise in Q4 net profit while its annual profit and revenue declined marginally; board proposes final dividend of Rs 5.15 per share
State-owned CIL on Monday said it has signed an MoU with UPRVUNL to set up a 500 MW solar power project in Uttar Pradesh. The development is a part of initiatives of Coal India Ltd in the green energy space and to meet the growing energy demand of Uttar Pradesh. "Coal India Ltd (CIL) and UP Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) have executed a non-binding Memorandum of Understanding (MoU) on May 5, 2025 at Lucknow with an intent of setting of 500 MW Solar Power project in Uttar Pradesh," CIL said in a filing to BSE. The pact also includes provision for any additional opportunities which the parties mutually agree to collaborate in the foreseeable future. In April, Coal India had entered into a pact with Damodar Valley Corporation (DVC) for setting up an ultra supercritical power plant in Jharkhand with a total investment of Rs 16,500 crore. Ultra-supercritical power plants operate at higher steam temperatures and pressures than supercritical plants, leading to improved efficien
Both coal production and dispatch witnessed steady growth in April 2025, compared to the same period last year, the coal ministry has said
The Union government had earlier projected coal production to reach 1 bt by FY24, but it was later pushed to FY25
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
Union minister G Kishan Reddy on Thursday said that since India's energy demand was growing rapidly, the government was working on augmenting the coal production to achieve the dream of 'Viksit Bharat'. The Coal and Mines Minister also said the government has set the target of producing one billion tonnes of coal this year in a bid to ensure that people do not have to face power shortage, especially in the summer season. Noting that there was a huge demand for critical minerals like lithium and copper, he said India was acquiring critical mineral blocks in Argentina. Reddy addressed the coal industry workers at the National convention of Akhil Bharatiya Khadan Mazdoor Sangh affiliated to Bharatiya Mazdoor Sangh here, and later also interacted with reporters. "Energy demand is increasing rapidly in India and coal is an important pillar of our energy security. The government is moving forward with the target of one billion tonnes of coal production for this financial year. Coal ...
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
Western Coalfields Ltd (WCL), a subsidiary of Coal India, has projected flat coal production at 69 million tonne in FY'25, mirroring last year's output, as it grapples with operational and pricing challenges. Despite achieving its highest-ever coal production of 69.113 million tonne in FY24, reflecting a 7.5 per cent growth, WCL anticipates no growth this fiscal or the next due to limited reserves, adverse geo-mining conditions, and escalating production costs, a top company official said. "Our total production for FY'25 will remain around 69 million tonne, similar to last year. Despite our best efforts, we expect production to remain flat next fiscal as well due to unique mining and pricing challenges," WCL Chairman and Managing Director Jai Prakash Dwivedi said. The Nagpur-headquartered company operates 52 mines, including 19 underground and 33 open-cast mines, across 10 areas in Maharashtra and Madhya Pradesh. WCL produced 45.1 million tonne of coal between April and December, .
State-owned CIL's subsidiaries Bharat Coking Coal Ltd (BCCL) and South Eastern Coalfields Ltd (SECL) registered a decline in coal production in the April-December period of the current financial year. While coal production of BCCL dropped by 2.6 per cent, in case of SECL the fossil fuel output declined by 9.4 per cent, Coal India Ltd (CIL) said in a regulatory filing. However, other subsidiaries of Coal India Ltd like Northern Coalfields Ltd, Eastern Coalfield Ltd (ECL), Central Coalfields Ltd (CCL) and Western Coalfields Ltd registered a growth in coal production in April-December period of the ongoing fiscal, the filing said. Coal India's production in the April-December period was 543.4 million tonnes (MT), against 531.9 MT in the year-ago period. In December coal production by the maharatna firm was at 72.4 MT, as against 71.9 MT of coal produced in the corresponding month of previous fiscal. Coal India accounts for over 80 per cent of domestic coal output. The company has set
Coal production from captive and commercial mines was 162 MT between January and November 2024, the ministry said
India's coal-fired power output had fallen for a second straight month in September due to slower growth in electricity use and a surge in solar generation
India's dependence on the dirtiest fossil fuel will likely continue for years, despite plans for the rapid deployment of clean power capacity
The Chhattisgarh-based firm produced 13.3 million tonne (MT) coal in November, which is 9.9 per cent less than 14.8 MT produced during the corresponding period of last year
Indian shipments of the fuel used mainly for power generation have been tracking the trajectory of growth in shipments by top importer China over the last year, shoring up international prices
The government on Saturday expressed optimism that it will achieve the production target of more than 170 million tonnes from captive and commercial coal blocks in the ongoing fiscal year. The production from captive, commercial mines from April 1 to November rose 33 per cent to 100.08 MT over 75.05 MT in the year-ago period, the coal ministry said in a statement. The total dispatch from captive, commercial coal mines during the period rose to 107.81 MT from 80.23 MT, it said. "The coal ministry is optimistic about reaching a production target of more than 170 million tonnes from captive and commercial coal blocks in 2024-25," the statement said. "The share of captive and commercial coal mines in India's total coal production has been steadily increasing, reflecting the success of reforms in the coal sector and strengthening the nation's path toward self-sufficiency in energy resources," it added.
State-owned CIL's priorities should be to ramp up production of coal and scale up supplies to reduce imports, Union Minister G Kishan Reddy has said. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. Speaking at CIL's 50th Foundation Day on Sunday, the minister stressed upon the importance of miners' welfare and the rehabilitation of communities affected by mine closures. "Contractual workers play a significant role in Coal India's output, and I applaud the management's decision to implement Performance Linked Incentives for them, effective FY 2023-24," he was quoted as saying in a coal ministry statement. The launch of commercial coal mining has led to transparency, ease of doing business and investment opportunities, helping open the coal sector. Exuding confidence in CIL, he stated that the company has the competency and commitment to compete in the current open market scenario. While coal will remain a central component of the country's energy landsc
Coal production rose by 7.4 per cent to 84.45 MT in October compared to 78.57 MT in the corresponding month of the previous fiscal, the Coal Ministry said in a release. Coal production from captive and other entities rose to 16.59 MT in October over 11.70 MT in the corresponding month of the previous fiscal. Coal dispatches witnessed a boost in October reaching 82.89 MT compared to 79.25 MT recorded in October last fiscal. "Coal dispatch from captive and other entities also grew to 16.18 MT in October 2024, compared to 11.83 MT in October 2023, representing growth of 36.83 per cent," the coal ministry said. In the April-October period of 2024-25, India's coal production rose by 6.1 per cent to 537.45 million tonnes (MT) compared to 506.56 MT in the corresponding period of the previous fiscal, the coal ministry said. Cumulative coal dispatch during the April-October period rose to 571.39 MT compared to 541.51 MT during the corresponding period in 2023-24. The Centre, the ministry
The biodiversity-rich Hasdeo Aranya forests in Chhattisgarh -- where hundreds of tribals are protesting against tree felling for coal mining -- can be protected while still meeting India's coal demands, forest rights activist Alok Shukla has asserted. In an interview with PTI, Shukla, who received the Goldman Environmental Prize, also known as the 'Green Nobel', this year, said claims that coal mining brings development, and rehabilitation improves people's lives are "misleading". He said when communities protest, it's often because corporations have broken their promises and taken away indigenous people's rights and livelihoods. "This has created massive distrust. No community wants to give up its land to greedy corporations, and the government must understand this," Shukla, who has been leading the Chhattisgarh Bachao Andolan, a community campaign to save the pristine Hasdeo forests since 2012, said. According to central government data, India's coal demand is expected to reach .
The coal production from both captive and commercial coal blocks rose by 32 per cent to 79.72 Million Tonne (MT) in the April-September period of the ongoing fiscal. The coal output from both captive and commercial coal blocks was 60.52 MT in the first half of the previous fiscal. The coal dispatch rose by 34 per cent year-over-year, from 65.37 MT in H1 of FY'24 to 87.86 MT in H1 of FY'25. There has been "a significant rise in coal production and dispatch from both captive and commercial coal blocks during the first half of FY 2024-25, from April 1, 2024, to September 30, 2024, compared to the same period last year," the coal ministry said in a statement. The coal production in September rose by 32 per cent to 13.74 MT from 10.40 MT. Likewise, dispatch in the month of September has grown by 47 per cent year-over-year, from 9.68 MT in FY'24 to 14.27 MT in FY'25. The coal ministry said that it applauds the efforts of all stakeholders, including coal companies and industry partners,