State-owned Coa India Ltd is exploring options to monetise its four old washeries by leasing out those assets and plans to bundle lease contracts with long-term coal supply agreements. The move aims at optimising asset utilisation. "We are exploring the monetisation of four old washeries," Coal India Ltd (CIL) said in a report. The company which accounts for over 80 per cent of domestic coal output is diversifying its portfolio by setting up a non-coking coal washery at Ib Valley, Lakhanpur in Mahanadi Coalfields Ltd (MCL) -- one of the subsidiaries of CIL. The public sector enterprise commissioned the operation of Madhuband Washery having 5 million tonnes of annual capacity during 2023-24 to further enhance coking coal beneficiation capacity. The company is also setting up three new washeries in Bharat Coking Coal Ltd (BCCL) -- another arm of CIL -- with a total throughput capacity of seven million tonnes per annum. Besides, five coking coal washeries with a total capacity of 14
State-owned CIL's coal production dropped marginally by 1 per cent to 50.9 million tonnes (MT) in September. The coal behemoth, which accounts for over 80 per cent of the domestic coal output, produced 51.4 MT in the corresponding month of the previous fiscal year, Coal India Ltd (CIL) said in a filing to the BSE. However, the PSU's coal output in the April-September period of the current fiscal year increased 2.5 per cent to 341.5 MT, over 332.9 MT in the year-ago period. The amount of coal supplied from the pitheads of Coal India dropped to 54.4 MT last month, over 55.2 MT in the corresponding month of the previous fiscal year. However, the coal offtake in the April-September period increased to 366.6 MT, over 360.6 MT in the corresponding period of previous fiscal year. Coal India's production rose 10 per cent to 773.6 million tonnes in 2023-24 but fell short of its production target of 780 MT for the fiscal year. CIL's production was 703.2 MT in the preceding 2022-23 fiscal .
The country's coal production rose by 6.48 per cent to 384.08 million tonne (MT) in the first five months of the ongoing fiscal. The production was 360.71 MT in April-August FY24. The figures for the period under review are provisional. The production of CIL, which accounts for over 80 per cent of the domestic coal output, rose to 290.39 MT during April-August FY25, marking a growth of 3.17 per cent year-on-year, the coal ministry said in a statement. Coal production from captive and other entities rose to 68.99 MT in April- August FY25 from 52.84 MT a year ago. The cumulative coal dispatch up to August was at 412.07 MT against 391.93 MT during the same period of FY24.
The country's coal production rose by 7.12 per cent to 370.67 million tonne from April to August 25, an official statement said on Tuesday. Coal production was 346.02 MT in the year-ago period. "Ministry of Coal has achieved upswing in overall coal production up to 25th August 2024. The cumulative coal production for 2024-25, as on August 25, 2024, has significantly increased to 370.67 MT, compared to 346.02 MT during the same period in FY 2023-24," it said. The overall coal dispatch was 397.06 MT as on August 25, 2024, in the current financial year, registering year-on-year growth of 5.48 per cent. Coal dispatch to the power sector rose to 325.97 MT from 313.44 MT in the year-ago period. "This ensures a steady supply of coal to meet the energy requirements of the power sector," the statement added. The overall coal stock position, including pitheads at mines, thermal power plants, and in transit, reached 121.57 MT as of August 25, 2024. This represents a substantial increase of
India's coal output rose by 6.69 per cent year-on-year to 74.07 million tonnes (MT) in July, the government said on Thursday. The country's coal production was 69.42 MT in the corresponding month of previous fiscal, the coal ministry said in a statement. Cumulative coal dispatch witnessed a significant boost in July 2024, touching 79.54 MT, compared to 76.05 MT recorded in July 2023, registering a growth rate of 4.58 per cent. In a separate statement, the ministry said that vesting orders were issued for 10 strategically important coal mines, marking a significant advancement in the nation's coal production capabilities. This initiative, which includes one fully explored and nine partially explored mines, is set to enhance energy security and drive economic growth across the states of Jharkhand, Chhattisgarh, West Bengal, and Madhya Pradesh, it said. Coal and mines minister G Kishan Reddy urged the successful bidders to focus on increasing coal production and reducing imports.
India has a potential to export 15 million tonnes of coal to its neighbouring countries like Nepal and Bangladesh, according to a study. By promoting exports, increasing domestic production, and facilitating import substitution, the country aims to achieve self-reliance, strengthen energy security and support the growth of the coal sector. "According to a study conducted by IIM Ahmedabad, there may exist potential of exporting 15 MT to the...neighbouring countries," the coal ministry said in a statement. The country has a capacity to export 8 million tonnes (MT) of coal to Bangladesh, 3 MT to Myanmar, 2 MT to Nepal and 2 MT to others. The increased production and export of coal will lead to economic growth, create jobs and generate revenue for the government. The government is actively promoting coal exports to capitalise on the growing global demand for fossil fuels. This initiative aims to position the country as a key player in the international coal market, generating revenue
Coal India Ltd is advancing 119 projects with a capacity of 896 million tonne per year and a sanctioned capital of Rs 1,33,576 crore, the world's largest miner said. These projects, which are at various stages of implementation, are part of CIL's proactive strategy to increase production capacity and meet future coal demands, the company said in its latest annual report. Though the mining major did not specify a timeline for the capex, it said the development of these projects involves substantial investments in advanced mining technologies and infrastructure, aimed at enhancing productivity and ensuring sustainable mining practices. The Kolkata-headquartered company has set an ambitious target of achieving 1 billion tonne of production by 2025-26 to fulfill the nation's coal demand and support the goal of Atmanirbhar Bharat'. In the 2023-24 fiscal, its production stood at 773.6 million tonne. CIL said in 2023-24, one coal mining project with a sanctioned capacity of 20 million to
Increased renewable generation led carbon dioxide emissions from the power sector, which make up some 40 per cent of China's overall emissions, to fall by 3.6 per cent in May
The government on Wednesday said that coal production from the captive and commercial coal mines grew by 35 per cent to 39.53 million tonnes (MT) in the first quarter of this fiscal. The coal production from captive and commercial coal mines was 29.26 MT in the first quarter of FY24. "Similarly, dispatch has shown a growth of 34.25 per cent YoY, from 34.07 MT in Q1 of FY24 to 45.68 MT in Q1 of FY25," the coal ministry said in a statement. The coal output for the power sector has seen a substantial increase, rising from 25.02 MT in the first quarter of last year to 30.16 MT in the first quarter of this year, marking a 20.5 per cent year-on-year growth. The government said that it remains firmly committed to assisting all coal block allottees to overcome challenges and optimise their operations. The primary goal of the coal ministry is to significantly augment coal production, ensuring a consistent and reliable supply to meet the nations' escalating energy needs. "Through collabora
The country's coal production rose by 14.49 per cent to 84.63 million tonne (MT) in June. The country's coal output was 73.92 MT in June last fiscal, according to provisional figures of the government. In June Coal India Ltd's (CIL) production was at 63.10 MT, registering a rise of 8.87 per cent compared to the same period last year, the coal ministry said in a statement. India's coal dispatch in June was at 85.76 MT, up by 10.15 per cent compared to the same period last year. Additionally, as on June 30, the coal stock held by coal companies witnessed a surge, reaching 95.02 MT. "This surge reflects an impressive annual growth rate of 41.68 per cent underscoring the robust performance and efficiency of the coal sector. Concurrently, the coal stock at thermal power plants (TPP) marked a notable increase to 46.70 MT (Provisional) on the same date, with an annual growth rate of 30.15 per cent," it added. Coal India accounts for over 80 per cent of domestic coal output.
The Union Ministry of Power has mandated the import of coal for blending at thermal power plants to continue till October 2024
India has ramped up electricity generation in recent months as a strong economy and an ongoing heatwave boost demand for power
The world's most populous nation expects to add 15.4 gigawatts in the year through March 2025, the most in nine years
India, which is under pressure from rich economies to stop or reduce coal use, has plans to set up new coal power plants with power generation set to begin four years later
State-owned Coal India Ltd's contribution to the government's exchequer dropped 2.2 per cent to Rs 9,560.28 crore in the April-May period of the ongoing fiscal. Coal India Ltd (CIL), which accounts for over 80 per cent of domestic coal output, paid Rs 9,777.64 crore to the government exchequer in the year-ago period, according to provisional figures of the coal ministry. Total levies paid to the government in May went up to Rs 4,763.20 crore from Rs 4,716.5 crore paid in the corresponding month of FY23. The amount paid to the Centre and state governments include royalties, GST, cess on coal, and other levies. Coal production generates substantial revenue for both central and state governments. Of the total amount paid to the government exchequer in the first two months of FY24, maximum amount of Rs 2,122.39 crore was made to the state government of Jharkhand, followed by Rs 2,116.15 crore to the Odisha government, Rs 1,933.59 crore to Chhattisgarh, Rs 1,496.80 crore to Madhya ...
The country's coal production rose by 10.15 per cent to 83.91 million tonnes (MT) in May compared to 76.18 MT in the year-ago period. Coal production by state-owned CIL rose by 7.46 per cent to 64.40 MT in May compared to 59.93 MT in the year-ago period, according to the Coal Ministry's provisional data. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. "Additionally, coal production by captive and other entities in May 2024 stood at 13.78 MT (provisional), reflecting a growth of 32.76 per cent from the previous year, which was 10.38 MT," the ministry said in a statement. Similarly, India's overall coal dispatches in May reached 90.84 MT, up by 10.35 per cent as against 82.32 MT reported in the same period last financial year. During the reported month, CIL dispatched 69.08 MT of coal, with a growth of 8.50 per cent compared to the corresponding period of the previous fiscal when it was 63.67 MT. The total stock of dry fuel with coal companies stands at
India's domestic coal production rose 7.41 per cent to 78.69 million tonnes (MT) in April. The country's coal output was 73.26 MT in the corresponding month of the previous fiscal year. "India's coal production for April 2024 reached 78.69 MT (provisional)," the coal ministry said in a statement. During the last month, Coal India Ltd (CIL) achieved production of 61.78 MT (provisional), registering a growth of 7.31 per cent compared to the same period last year when it was 57.57 MT. Additionally, coal production by captive/others last month stood at 11.43 MT (provisional), showing a growth of 12.99 per cent from the previous year, which was 10.12 MT. The country's coal dispatch in April rose to 85.10 MT (provisional) against 80.23 MT in April last fiscal year. Coal India accounts for over 80 per cent of domestic coal output.
State-owned CIL on Wednesday said its production increased 7.3 per cent to 61.8 million tonnes (MT) in April. The company had produced 57.6 MT of coal in the corresponding month of the previous fiscal, Coal India Ltd (CIL) said in a filing to the BSE. CIL accounts for over 80 per cent of domestic coal production. The company's coal offtake also registered a rise of 3.2 per cent to 64.3 MT last month, over 62.3 MT in the year-ago period. Coal offtake is the amount of dry fuel supplied from the pitheads. Of the 61.8 MT of coal produced by CIL last month, a maximum of 16 MT was produced by Mahanadi Coalfields Ltd (MCL) followed by 14.1 MT by South Eastern Coalfields (SECL) and 11.8 MT by Northern Coalfields Ltd among others. CIL's production increased 10 per cent to 773.6 MT in FY24 but fell short of its production target of 780 MT for the fiscal. Coal India Ltd's production was 703.2 MT in 2022-23.
Out of the total production of 147.2 MT, the power sector captive mines produced around 121.3 MT, captive mines of the non-power sector produced 8.4 MT
Captive and commercial coal blocks produced 147 million tonne coal in financial year 2023-24, registering a year-on-year growth of 27 per cent, Union Minister Pralhad Joshi said on Wednesday. The mines had produced 116 MT coal during 2022-23. Out of 147.2 MT, power sector captive mines produced around 121.3 MT, non-power sector mines produced 8.4 MT and the production from commercial mines was 17.5 MT, Joshi said in a post on X. The production from power sector captive mines in FY24 rose 19 per cent as compared to the previous year. In non-power captive mines, the production growth was 63 per cent year-on-year. Output from commercial coal mines registered the highest year-on-year growth of 93 per cent in FY24. Dispatch from the mines during FY24 was 143 MT as against 110 MT in FY23. A total of 9 new coal mines commenced production during FY24 which includes 4 captive mines and 5 commercial mines. "The Ministry extends its appreciation to all stakeholders for their dedication and