State-owned Coal India Ltd (CIL) on Friday said its coal offtake dropped by 1.2 per cent to 63.4 million tonnes (MT) in April over the corresponding month of the previous fiscal. The offtake of the dry fuel by Coal India was at 64.2 MT in the year-ago period, the public sector undertaking said in a regulatory filing. Coal offtake refers to the volume of coal supplied from a coal pithead. It's different from coal production as it can include previously stored coal. Meanwhile, coal production by Coal India was almost flat at 62.1 million tonnes in April. It had produced 61.8 MT of coal in the year-ago period, the filing added. Coal India accounts for over 80 per cent of domestic coal output. In the financial year 2024-25, CIL produced 781.1 MT of coal, nearly 7 per cent less than the company's target for the financial year. CIL's coal production target for 2024-25 was at 838 million tonnes (MT). Coal India Ltd is targetting a production of 875 million tonnes and offtake of 900 MT
The share of coal in India's total final energy consumption (TFEC) inched up from 31.08 per cent in FY23 to 33.01 per cent in FY24
Thermal behemoth issues tender for 3 million tonne coal from privately owned mines
State-owned CIL is looking at lithium blocks in Australia and Argentina, company's Chairman P M Prasad said on Wednesday. Speaking on the sidelines of the 11th Asian Mining Congress and the 11th International Mining Exhibition, Prasad said Coal India Ltd (CIL) is targetting a production of 875 million tonnes (MT) and offtake of 900 MT in the 2025-26 fiscal year. The company accounts for over 80 per cent of domestic coal production. Prasad further said the Rs 10 per tonne price hike for both coking and non-coking coal with effect from April 16 will have minor impact on the company's revenue. CIL's pithead stock as on March 31, 2025 was 106 million tonnes, the highest so far. CIL's foray into critical minerals is driven by the need to reduce its reliance on coal and align with global trends prioritising these minerals for clean energy technologies.
State-owned Coal India Ltd on Tuesday said its board has approved a Rs 10 per tonne increase in the prices of both coking and non-coking coal with effect from April 16. "CIL board at its meeting held on date, inter alia approved enhancement of notified price of coal by Rs 10 per ton i.e from existing Rs 10 per ton to Rs 20 per ton for non-coking and Rs 10 per ton for coking coal for regulated and non-regulated sectors across CIL towards contribution to the corpus of CMPS-1998," it said. This price adjustment is aimed at contributing to the corpus of Coal Mines Pension Scheme (CMPS)-1998 and is likely to impact both regulated and non-regulated sectors, potentially affecting the company's revenue and market positioning, according to a company official. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. Eastern Coalfields Ltd (ECL), a subsidiary of Coal India, had in November last year announced increase in add-on price of coal in Rajmahal area of Jharkhand to
State-owned CIL produced 781.1 MT of coal in 2024-25, nearly 7 per cent less than the company's target for the financial year. CIL's coal production target for 2024-25 was 838 million tonnes (MT). However, coal production by Coal India Ltd (CIL) grew marginally by one per cent in FY25, over the year-ago period, the public sector enterprise said in a regulatory filing. CIL's coal production in March dropped by 3.1 per cent to 85.8 million tonnes over the year-ago period. The output was 88.6 MT in the same month of FY24. The subsidiaries of the coal behemoth, which registered a decline in production are Central Coalfields Ltd (CCL), Western Coalfields Ltd (WCL) and South Eastern Coalfields Ltd (SECL). Coal India accounts for over 80 per cent of domestic production. In FY24, CIL produced 773.65 million tonnes, marking an 11 per cent growth over FY23. Coal India Ltd had earlier said that the realistic production target for 2024-25 fiscal will be 806-810 million tonnes, down from 83
The country's coal import rose marginally by 1.23 per cent to 21.37 million tonne (MT) in January. The coal import was 21.11 MT in the corresponding month of the previous fiscal. The shipments were flat at 222.67 million tonne in April-January FY25, according to data compiled by mjunction services ltd, a B2B e-commerce platform. During April-January 2024-25, non-coking coal import was at 141.18 MT, lower than 146.86 MT imported during the same period last financial year. Coking coal import was at 45.88 MT during the 10-month period, down from 47.32 MT recorded for the same period last fiscal. Of the total imports in January 2025, non-coking coal imports stood at 12.33 MT, lower than 13.40 MT imported a year ago. Coking coal import volume was 5.23 MT, against 4.50 MT imported in January 2024. "There is a subdued demand for imported material despite softness in seaborne prices, primarily due to ample stock available in the domestic market. We expect the weak trend to continue till
The newly auctioned mines are projected to generate an annual revenue of approximately Rs 3,330 crore and attract a capital investment of approximately Rs 2,319 crore
The Union government had earlier projected coal production to reach 1 bt by FY24, but it was later pushed to FY25
India crossed a record milestone of 1 billion tonnes of coal production in the current fiscal, a landmark, which Prime Minister Narendra Modi described as a proud moment for the country, showing its commitment to energy security and self-reliance. Coal, which is predominately used to produce electricity as well as fuel in several industries, is the mainstay energy source for the world's fifth largest economy. India produced 997.83 million tonnes of coal in 2023-24 (April 2023 to March 2024). In a social media post on X, Modi described the 1 billion tonnes of coal production in the current fiscal as "A Proud Moment for India!" He said, "Crossing the monumental milestone of 1 Billion tonnes of coal production is a remarkable achievement, highlighting our commitment to energy security, economic growth and self-reliance." Modi said the feat also reflects the dedication and hardwork of all those associated with the sector. The Prime Minister was commenting on Union Minister of Coal an
The world's fastest growing major economy opened up coal mining to private companies earlier this decade, ending the near-monopoly of state-run Coal India, the world's largest coal miner
JP Morgan recently cut the per-share target price of the state-owned firm by almost Rs 35, largely on account of a 250 per cent increase in cess on each tonne of coal output
Fair trade regulator CCI has dismissed allegations of abuse of dominance against Coal India concerning its e-auction scheme introduced in December 2022, ruling that the state-owned company had not violated norms. Coal India Ltd (CIL), a Maharatna public sector undertaking under the Ministry of Coal, is the single-largest coal producing company in the world. "In view of the... facts and circumstances of the present matter, the commission is of the view that there is no prima-facie case of contravention of provisions of the act warranting an investigation into the matter," Competition Commission of India (CCI) said in a order on December 30. The case, filed by a Kolkata-based individual, claimed that Coal India's 2022 e-auction scheme replaced its earlier spot e-auction scheme 2007 with terms allegedly unfair to buyers, the order said. The individual argued that the scheme's conditions, such as requiring advance bid security and forfeitures without reciprocal obligations on CIL, ...
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
The output of eight key infrastructure sectors slowed down to 4.3 per cent in November 2024 against 7.9 per cent growth registered a year ago, according to official data released on Tuesday. On a monthly basis, the production growth of these sectors was higher than the 3.7 per cent expansion recorded in October 2024. In November, production of crude oil and natural gas contracted. The production growth of coal, refinery products, fertiliser, steel, and electricity moderated to 7.5 per cent, 2.9 per cent, 2 per cent, 4.8 per cent, and 3.8 per cent, respectively, against 10.9 per cent, 12.4 per cent, 3.3 per cent, 9.7 per cent and 5.8 per cent in November last year. However, cement output rose to 13 per cent in the month under review. The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 4.2 per cent during April-November this fiscal. It was 8.7 per cent in the same period last fiscal. The eight core sectors
The government on Friday said it has issued allocation order for a coal mine in Odisha to Aditya Birla Group firm Hindalco Industries Ltd. The government issued the vesting order for the Meenakshi coal mine that has a peak rating capacity of 12 million tonnes per annum (MTPA). This follows the signing of the agreement for development and production of coal mine last month. The Meenakshi coal mine, a fully explored block, has geological reserves of 285.23 million tonnes (MT). The block is likely to generate an annual revenue of Rs 1,152.84 crore, based on its peak rated capacity (PRC), the coal ministry said in a statement. With an estimated capital investment of Rs 1,800 crore, the mine will significantly augment domestic coal production and contribute to strengthening energy security, it said. The development of the block is likely to provide employment to about 16,224 individuals, both directly and indirectly, contributing to the economic growth in the region. "This initiative
The coal sector is likely to witness a spate of activities in the upcoming year from launching maiden coal exchange to facilitating trading and rate determination of dry-fuel to meet the booming demand of the economy. The government also intends to work more closely in the area of coal gasification as it is on a high priority list for energy transition. Coal gasification is a cleaner option compared to burning of coal as it facilitates utilisation of the chemical properties of dry fuel. Talking to PTI, Coal Additional Secretary Rupinder Brar said that "the demand (for coal) is extremely important. And we do see demand growing in India considering the growing size of the economy... Therefore, coal will also definitely be required and we are conscious of that and are working towards that". The efforts will be to continuously augment coal output and align it with the demand, she said. Brar said the pre-2014 policy on mine allocation has been disbanded and now the government gives blo
The government has imposed import restrictions on low ash metallurgical coke for six months from January 1 to June 30, 2025, according to a notification. The government has also imposed quantitative restrictions (QR) on the imports from certain countries, including Australia, China, Colombia, Indonesia, Japan, Poland, Qatar, Russia, Singapore, Switzerland, and the UK. Based on the recommendations of the directorate general of trade remedies (DGTR) in April this year, "....import of low ash metallurgical coke have been placed under restriction as per the country-wise QR for a period of six months, effective from January 1, 2025 up to June 30, 2025," the Directorate General of Foreign Trade (DGFT) said in a notification. It said the imports would be allowed only against an import authorisation issued by the DGFT for the specified country during the six months. However, the coke with high ash content (above 18 per cent) is outside the scope of this restriction. The country wise ...
India's dependence on the dirtiest fossil fuel will likely continue for years, despite plans for the rapid deployment of clean power capacity
CIL Chairman and Managing Director P M Prasad on Monday said coking coal import cannot be substituted fully, but some part of it can be reduced. Coking coal, also known as metallurgical coal, is used to produce coke, a key component in steel-making process. As per the data compiled by mjunction services ltd, India's coal import in 2023-24 was 268.24 MT, which includes 57.22 MT coking coal and 175.96 MT non-coking coal. Speaking during stakeholders' consultation on mining operators-cum-developers (MDO) and Star Rating of Coal Mines Award Ceremony, the CMD said coking coal import cannot be substituted fully, but some part of it can be reduced. The coking coal import can be brought down if its production through domestic sources is increased, he noted. He further said achieving coal production of 1.5 billion tonne in the next four to five years is not a small thing and in order to achieve this output, mining projects have to be awarded to MDOs. Import of thermal coal can be reduced