Indonesia has targeted to raise its coal production to 694 million ton to fulfill domestic supply and export demands, the country's Ministry of Energy and Mineral Resources announced
India's coal production will touch one billion tonnes in the next financial year from 900 million tonnes this fiscal ending March, as the country gears up to stop the import of thermal coal by 2024-25, Union Coal Minister Pralhad Joshi informed Parliament on Monday. Replying to queries in the Rajya Sabha during the Question Hour, the Coal Minister said India's domestic coal requirement will reach 1,500 million tonnes by 2030, for which the nation needs to scale up its production. "As far as production is concerned, in FY14 it was 566 million tonnes. This year our total production will be 900 million tonnes, this means all our PSUs are producing to the optimum level," Joshi said in the Rajya Sabha. Without naming any political party, the minister said the previous regime was riddled with scams whereas the current dispensation led by Prime Minister Narendra Modi was ensuring energy security for India. "...Our requirement by 2030 will be 1,500 million tonnes, and for that, we have to
India's total coal production went up by 11.66 per cent to 75.87 million tonnes in November 2022 from 67.94 million tonnes recorded during the corresponding period of last year
Domestic coal production went up by 17.13% to 524.20 million tonnes during April-November 2022 as compared 447.54 million tonnes of production recorded during the corresponding period of last year
State-owned CIL on Thursday said it produced 412.6 million tonnes of coal in the April-November period of the current fiscal and expressed confidence that it will surpass the the output target set for the current financial year. The PSU had produced 353.4 MT in the April-November period of the last financial year. Coal India Ltd (CIL) which accounts for over 80 per cent of domestic coal output is eyeing a production of 700 million tonnes (MT) in the current financial year. "This is achievable", said a senior official of CIL. The coal behemoth has to produce 287.4 MT of coal during the remaining four months of the current fiscal to reach its output target for the current fiscal. "With strong augmentation in production so far and overburden removal displaying robust growth that helps in faster extraction of coal in the coming months, we feel confident of surpassing the fiscal's production target. Also, during Q4 production steps up into a higher trajectory," the official added. The
State-owned Coal India on Friday said it will further boost production in the coming months and is optimistic that the company will achieve the output target set for the current financial year. Coal India (CIL), which accounts for over 80 per cent of domestic coal production, is eyeing an output of 700 million tonnes (MT) for FY'23. "We began FY'23 requiring 78 MT jump in volume terms to touch the target of 700 MT. As of November 24, the company has already achieved an increase of nearly 58 MTs. "In the ensuing months we aim to sustain the tempo and further scale up the production and feel upbeat about achieving the target," the PSU said in a statement. Following the end of the monsoon season, most of the mines have been dewatered. The festive season is also over. There will be greater availability of machines and manpower leading to better production and productivity in the coming months, the company said. The PSU produced 400 million tonnes (MT) of coal as on November 24 of the
Coal Minister Pralhad Joshi on Thursday directed the officers of the Eastern Coalfields Ltd (ECL) to work for achieving the production target of 50 MT during the current fiscal to meet the energy requirement of the country, a statement said. In 2021-22, ECL produced 45 million tonnes (MT) of coal. On the second day of his two-day visit to the ECL areas, Joshi inaugurated several infrastructure projects that would help increase coal-loading capacity and control the pollution caused by coal production and dispatch, the statement said. Joshi also visited the View Point of Sonepur Bazari opencast project. He inspected the project and held a review meeting with officials. The minister also visited the underground coal mine in Jhanjhara, about 225 metres deep. At an annual production capacity of 3.5 MT, it is the most coal-producing underground mine in India, the statement said. Joshi is the first coal minister to visit the mine. There, he interacted with coal mine workers, besides ...
CIL has set a target of 700 million tonnes (MT) for FY23
Coal India is targeting 50 million tonne sales through the e-auction route in the second half of the current fiscal, a top company official said on Wednesday. The coal behemoth had sold around 30 million tonne via e-auction in the first six months of the 2022-23 financial year. "We are targeting another 50 million tonne in e-auction sales for the year," Coal India Chairman Pramod Agrawal said on the sidelines of Global Mining Summit 2022, organised by CII here. Coal India's e-auction sales were at 108 million tonne in 2021-22. In the July-September quarter of the current fiscal, the miner had sold 10.36 million tonne of coal via e-auction, and the average realisation was Rs 6,061 per tonne. The Maharatna PSU sold 141 million tonne of the dry fuel through the fuel supply agreement in the three months that ended on September 30, 2022 with an average realisation of Rs 1,413 per tonne. During the programme, Agrawal said the Kolkata-headquartered company has been focused on evacuation
Larger shares of the state-owned miner's production are sold significantly below global benchmark prices, deterring global investors from participating in divestment plans
India is the world's second-largest coal-producing nation (770 million tonnes per annum) and coal accounts for 50 per cent of the 407.79 Gw of electricity generation in the country
The Centre on Wednesday said that the demand for coal in India is still to reach its peak and the dry fuel will continue to play a key role in the energy mix till 2040 and beyond. Therefore, shift from coal will not happen in foreseeable future in the country, according to coal minister Pralhad Joshi. Joshi in his opening remarks, while chairing a meeting of Parliamentary Consultative Committee of the coal ministry, said that there is a push towards energy transition away from coal in the global world. "However, for India, coal, being an affordable source of energy, holds prime importance for meeting its energy needs being fuelled by rising economy," he said. Coal accounts for more than 51 per cent of India's primary energy requirement and around 73 per cent of power generation. During the meeting it was also informed by the coal ministry that although there are no immediate challenges of coal phase down, companies involved in coal mining will have to manage the closure of already
On Novemebr 3, Union Finance Minister Nirmala Sitharaman launched the biggest ever coal mine auction of 141 mines in India
The coal ministry has auctioned close to 64 coal mines to date under commercial auction
The furious pace of production has helped prevent the blackouts of last year but there are questions over whether the state-owned miner can sustain the pace
Union Coal Minister Pralhad Joshi on Thursday said to meet the coal requirements of the country, it is necessary that all subsidiaries of Coal India Ltd (CIL) achieve their annual targets. Joshi visited Western Coalfields Ltd headquarters in Nagpur and attended various programmes, said a press release issued by WCL. Western Coalfields Ltd (WCL) is one of the eight subsidiary companies of CIL, a central PSU. The minister also presided over a review meeting and took stock of the production, productivity and coal dispatch status of WCL, said the release. Chairman-cum-Managing Director of WCL Manoj Kumar briefed the minister on coal mining activities and assured the company would achieve the production target by the year-end. In order to meet the coal requirements of the country, it is necessary that all CIL subsidiaries achieve their annual targets, the release quoted Joshi as saying. He said to make the country self-reliant in the coal sector, it is necessary to strengthen the ...
CIL will achieve 1 billion tonne coal production target by 2025-26 as against the earlier timeline of 2023-24 in view of the COVID-19 pandemic, Union Minister Pralhad Joshi said on Wednesday. Coal India Ltd (CIL) accounts for over 80 per cent of the domestic coal output. "Due to COVID our earlier target has been postponed. We will fulfil our dream of one billion tonne and we will be aatmanirbhar in thermal coal...By 2025-26, Coal India will produce one billion tonne," Joshi said on the sidelines of a function here. CIL was earlier eying 1 billion tonne coal production by 2023-24. Replying to a question, he said as far as thermal power plants are concerned, there is an average coal stock of 24 million tonne and day-to-day stock of the fossil fuel is adding. "Our plan is to keep at least 40 million tonne of coal as far as March 31 is concerned," he said. Coal output by CIL in current financial year is expected to be 700 MT and there would be additional output of 200 MT from othe
The country's coal output rose a 12 per cent to 57.93 million tonnes in September. India's coal output stood at 51.72 MT in the year-ago period. "During September 2022, CIL (Coal India Ltd), Singareni Collieries Company Ltd (SCCL) and captive mines/others registered a growth of 12.35 per cent, 8.43 per cent and 12.37 per cent by producing 45.67 MT, 4.93 MT and 7.33 MT, respectively," as per the provisional statistics of the coal ministry. Of the top 37 mines, the output of 25 blocks has been more than 100 per cent and another five mines' production stood between 80 and 100 per cent in the last month. The dispatch of coal also went up marginally by 1.95 per cent to 61.18 MT in September, over 60.02 MT in the corresponding period last year. "During September, 2022, CIL, SCCL and captive mines /others registered a growth of 1.03, 4.13 and 6.84 per cent by despatching 48.88 MT, 4.77 MT and 7.53 MT, respectively," the coal ministry said. The dispatch of coal to power utilities also we
Northern Coalfields Ltd on Saturday said it has produced 64 million tonne of coal, registering a 19.8 per cent growth in the first half of the 2022-23 financial year. The miner had produced 53.44 million tonne of coal in the year-ago period. The Singrauli-based subsidiary of Coal India said its dispatch also grew by 16.1 per cent year-on-year in the first two quarters of the current fiscal. The company dispatched 66.82 million tonne of coal in the April-September period as against 57.55 million tonne achieved in the corresponding months last year. NCL has fed powerhouses with 60.80 million tonne of coal, which is 91 per cent of the total dispatched to consumers till date, the miner said in a statement. "The company has been entrusted with the prime responsibility of fulfilling the energy aspiration of the country and exhorted every miner of the company for concerted efforts to make the nation self-reliant in the coal sector," NCL CMD Bhola Singh said. NCL has been entrusted with
Coal production has stopped at Parsa East & Kanta Basan block in Chhattisgarh since last month, and it may "adversely impact" the coal output target from captive mines for this year, an official statement said on Tuesday. Parsa East and Kanta Basan, a 15 million tonnes per annum (MTPA) coal mine operated by Adani Group and owned by Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL) in Chhattisgarh, stopped producing dry fuel since mid-August due to continuous protests by residents of the nearby forest area, according to sources. During the review of the coal blocks undertaken by additional secretary, coal, and nominated authority in the presence of project proponents, "it was noted with concern that Parsa East & Kanta Basan coal block production has stopped and Parsa coal block production has not started. Continued stoppage may adversely impact achievement of target this year." The government has set the coal production target of 130 million tonnes from captive blocks during the