Coal India production rises 17pc in April-October | Biden News


State-run CIL on Tuesday said its coal production increased by 17.4 percent to 351.9 million tonnes (MT) in the April-October period of the ongoing fiscal.

The company’s coal production in the corresponding period of last fiscal was 299.6 MT, Coal India Ltd (CIL) said in a filing to BSE.

The Maharatna company’s coal production also increased to 52.9 MT last month, up from 49.8 MT of coal production in the corresponding month of previous fiscal.

The public sector company also said its coal consumption during April-October rose to 385.7 MT from 364.4 MT in the year-ago period.

However, in October the consumption fell to 53.7 MT from 56.5 MT in the same month of the last fiscal year. The coal major did not give the reason for the decline in consumption.

Coal India accounts for more than 80 percent of domestic coal production.

CIL will achieve 1 billion tonne coal production target by 2025-26 against the earlier timeline of 2023-24 in view of the COVID-19 pandemic, coal minister Pralhad Joshi had earlier said.

Coal production of CIL in the current financial year is expected to be 700 MT and there would be an additional production of 200 MT from other sources.

(This story has not been edited by Devdiscourse staff and is automatically generated from a syndicated feed.)


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