State-owned NLC India is making efforts to ramp coal output from one of its mines in Odisha to up to 10 million tonnes per annum this year.
372 non-coal, 60 coal mines, 14 factories suspend output
NTPC Ltd is ramping up coal output from its mines and importing 270,000 tonnes of the fossil fuel under existing contracts, as it seeks to boost stocks at its plants and meet rising electricity demand
Impact on IIP likely even as some economists believe consumer goods might tone it down to some extent. Core sector accounts for 40.27% of IIP
Contraction due to decline in production of crude oil, natural gas, refinery products and steel
For the first time in the ongoing fiscal, Coal India has recorded growth in both production and off-take
The move comes at a time when the government has set an ambitious one billion tonnes of coal output for Coal India (CIL) which accounts for over 80 per cent of domestic coal output
All coal producing arms of CIL advised to immediately implement the increase; move is designed to encourage power plants to fo domestic supply instead of relying on imports
The Bilaspur-headquartered company contributed 25 per cent to the total coal production of Coal India
The company had produced 469.65 million tonnes (MT) of coal in the year-ago period
Mahanadi Coalfield's output plummeted 33 per cent in September, engendering huge shortage for CPP-based industries
Panel also proposed splitting Coal India's 7 units into independent companies to improve efficiency