India's coal imports increased by 32 per cent to 148.58 million tonne (MT) in April-February FY23 against 112.38 MT in the year-ago period, according to a report. The import of coking coal rose 7.69 per cent to 50.50 MT during April-February FY23 compared to 46.89 MT a year ago, mjunction said in its latest report. In February 2023 alone, the non-coking coal import stood at 11.68 MT against 9.42 MT in the same month last year. Coking coal imports were 4.40 MT against 4.03 MT imported in February 2022. India is among the top five coal-producing countries in the world. However, some parts of its coal requirement are met through imports as the country is also among the major consumers of the dry fuel. For coking coal - a key raw material used in steel making - the country remains heavily dependent on imports. mjunction MD Vinaya Varma said, "The softening of seaborne prices coupled with high domestic demand resulted in continued buying interest among Indian traders and ...
At the same time, coal dispatches increased by 7.49 per cent to 83.18 million tonnes from 77.38 million tonnes during March 2023 as compared to March 2022
The government plans to provide Rs 50 per kg of hydrogen in the first year and the support will be brought down to Rs 30 per kg of production in the third year
Central Coalfields Limited (CCL), a Coal India subsidiary, has posted a record output of 76.09 million tonne (MT) in 2022-23 fiscal, registering 11 per cent growth over the previous fiscal's production of 68.85 million tonne. The target for the fiscal, which ended on Friday, had been fixed at 76 mt. "This is for the first time since 2018-19 when target was not only achieved but it surpassed too," CCL chairman-cum-managing director PM Prasad. Speaking to media persons here on Saturday, he said that the production target for the current fiscal of 2023-24 is 84 million tonne. The Jharkhand-based CIL arm also achieved a record off-take at 75.03 mt during the last financial year, with an increase of 4.5 per cent against 71.8 mt achieved in fiscal 2021-22. "The company's overburden removal (OBR) rose to historic high at 107 million cubic metres (MCuM) in 2022-23 with growth of 7 per cent against 100.1 MCuM in 2021-22," he said. Dispatch to power sector surged by 8.8 per cent from 59.2 m
Volume surpasses CIL's own output target, is up 12% over last year's figure
Coal imports have seen a 25% fall in the last three years as India strives to increase domestic production and reduce dependence on imports
Coal India Ltd (CIL) reported production of 619.70 million tonnes up to February 2023 as compared to 542.38 million tonnes during the same period of the last fiscal, an increase of 14.26 per cent
India's domestic coal production has shown impressive growth during the past few years and this rise in output has helped the nation to check the import of fossil fuel considerably, the government said on Friday. In the current financial year, the country's total coal production recorded a more than 16 per cent rise to 698.25 MT during the period from April 2022 to January 2023, as compared to 601.97 MT during the corresponding period of the previous fiscal. In this period, Coal India Limited (CIL) production has also gone up by about 15.23 per cent to 550.93 MT from 478.12 MT, the coal ministry said in a statement. The increase in domestic coal production has helped the country curb import to a large extent in face of sharp increase in coal demand arising due to continuous rise in power consumption. The country's total coal production has increased from 730.87 MT (Million Ton) in 2019-20 to 778.19 MT in 2021-22, achieving a growth of 6.47 per cent. The Coal Ministry has fixed the
Coal production grew by 16 per cent touching 698 mn tonnes during April-January period of the current fiscal, against 601 mn tonnes production recorded during the corresponding period of last year
The country's coal production target has been fixed at 1,017 million tonnes for the next fiscal, Parliament was informed on Monday. In a written reply to the Rajya Sabha, coal minister Pralhad Joshi said the steps were being taken by the Centre to augment the coal output in the country by engaging mine developers and operators. "The target of all India coal production has been fixed at 1,017 million tonnes (MT) for the financial year 2023-24," the minister said. State-owned CIL has identified 15 projects having a total project rated capacity of 168.58 million tonnes per year for implementation through MDO mode. Out of these 15 projects, Letter of Award has already been given to nine projects. NLC India Ltd is implementing two MDO projects.
Financial mismanagement of the pension scheme has depleted corpus meant for pensioners of public sector mines
The country's coal production increased by 12.94 per cent to 89.96 million tonnes in January 2023. The country's coal output stood at 79.65 million tonnes (MT) in the corresponding month of the previous fiscal. As per provisional data of the coal ministry, Coal India Ltd (CIL) registered a production growth of 11.44 per cent in January, whereas SCCL and captive mines, and others posted a growth of 13.93 per cent and 22.89 per cent, respectively. Of the top 37 coal producing mines, production of 28 was more than 100 per cent, while the output of three mines stood between 80 and 100 per cent during last month. At the same time, coal despatch increased by 8.54 per cent to 81.91 MT last month compared to 75.47 MT in January last fiscal. "The power utilities despatch has increased by 8.01 per cent to 67.72 MT during Jan'23 as compared to 62.70 MT in Jan'22," it said. CIL accounts for over 80 per cent of domestic coal output.
India's coal sector is likely to grow at 6-7 per cent per year to reach production level of 1.5 billion tonne by 2030 and this rise in output is expected to replace imports and increase exports, the Economic Survey said on Tuesday. There has also been constant efforts to improve system capacity utilisation from about 80 per cent to above 90 per cent. Various measures have been initiated towards achieving self-reliance in coal production. These include FDI under the automatic route, auctioning of coal blocks for commercial production, expansion of existing mines and opening of new mines, greater use of mass production technology in mining, mechanisation of loading and development of evacuation infrastructure, among others, the survey said. Coal production in FY23 is likely to increase to 911 million tonne, about 17 per cent higher compared to the previous year. In April-December FY23, coal production rose 14 per cent year-on-year and was 21 per cent higher than the pre-pandemic ...
A total of 290 mines are operational in Coal India Ltd (CIL) out of which 97 mines produce more than one MT per year
The power ministry has asked gencos to use imported coal to the extent of 6 per cent of their requirement
State-owned NTPC on Tuesday said its coal production increased 51 per cent year-on-year from its captive mines to 14.55 million tonne (MT) in April-December 2022. The power giant had produced 9.65 MT of coal from its captive coal mines in the year-ago period, NTPC said in a statement. "Coal mining division of NTPC is maintaining its growth trajectory. NTPC surpassed its earlier record with coal production of 14.55 MT till December 2022 in this fiscal compared with 9.65 MT in the same period of the previous year," it added. The four operational coal mines -- Pakri-Barwadih (Jharkhand), Chatti-Bariatu (Jharkhand), Dulanga (Odisha) and Talaipalli (Chhattisgarh) -- have contributed to accomplish the highest-ever monthly coal production of 22.83 lakh tonnes in December 2022. In the third quarter, NTPC produced 5.79 MT of coal and dispatched 5.42 MT to its power plants. NTPC, under the Ministry of Power, is India's largest power-generating company.
Power utilities despatch also increased by 4.26 per cent to 65.65 million tonnes during December 2022
Coal Ministry sources said that production has increased due to greater usage of mining capacities of captive coal blocks
The country is expected to produce 997.14 million tonnes (MT) of coal in the coming financial year. Of the projected figure, state-owed CIL's output is likely to be 760 MT, followed by Singareni Collieries Company Ltd (SCCL) at 75 MT, and captive and others at 162.14 MT, according to government data. During 2024-25, the country is expected to produce 1,111.60 MT of coal, which includes 850 MT by Coal India Ltd (CIL), 181.60 MT by captive and others and 80 MT by SCCL, as per the data. While in FY'26 India's production is expected at 1,288.39 MT, in FY'27 the figure is likely to reach 1,342.80 MT. Coal India accounts for over 80 per cent of domestic coal output. The country is targeting a production of 911 MT in the current fiscal. However, the total demand for coal in 2022-23 is estimated is 1,087 MT. The demand for the dry fuel from the power sector is expected at 775 MT, steel at 70 MT and non-regulated sectors at 242 MT. The government has taken various steps to augment domest
Coal India Chairman Pramod Agrawal on Tuesday exuded confidence that the PSU will achieve the production target of 700 million tonnes for the current financial year. Coal India (CIL) accounts for over 80 per cent of the domestic coal output. I am confident...Coal India will achieve the 700 million tonne coal production target this financial year, the chairman was quoted as saying in a statement. Addressing virtually a team of CIL-arm MCL, Agrawal congratulated company officials for registering a growth of 15.9 per cent over the targeted production of coal, which is almost 19 million tonne. Stating that the demand for power will increase in coming days, Agrawal said, There will be increased demand for coal from Coal India, and MCL, which is successfully supplying about 435,000 tonne of coal daily to the power sector, will have to increase its contribution.