The challenge for the companies is how to make the banks finance the projects
FY23 target for Railways slashed 47%, from Rs 57,222 crore projected earlier
India needs to increase domestic coal production in order to fulfil the ever-growing demand for fuel and reduce import dependency, Union Coal and Mines Minister Pralhad Joshi said on Friday.
The overall coal production was at 51.6 mt in April 2021
Northern Coalfields Limited registered a 26.22% YoY production growth and an 18% rise in dispatch in April 2020, helping the parent company achieve a 28 per cent traction in output for the month
India's total coal production in FY22 was 777.02 million tonnes, up by 8.5 per cent from 716 million tonnes in FY21
Systemic weakness in power sector exposed again
The statement assumes significance amid reports of coal shortages due to rising demand for electricity with the onset of summer season
Mahanadi Coalfields Ltd (MCL) said it has produced 168 million tonnes (MT) of coal during the financial year 2021-22 registering a growth of about 14 per cent over the previous fiscal.
Coal output and offtake targets are pegged at 700 MTs for FY23
Imported coal-based power generation which was 78.07 BU during April to January 2020 has reduced by 55 per cent to 35.13 BU during corresponding months of current FY'22
The domestic coal-based power generation upto January 2022 is 815.72 Billion Units (BU) with an increase of 12.55 per cent over 724.746 BU during the corresponding period of FY20
The Mahanadi Coalfields Limited (MCL) has crossed 157 million tonne (MT) in coal production in the financial year of 2021-22, to become the leading coal producing company in the country
The fuel supply by CIL to the power sector peaked to a historic high of 493 million tonnes (MT) as on Thursday in the ongoing fiscal
Coal India, accounts for over 80 per cent of domestic coal output, has a production target of 670 million tonnes for the 2021-22 financial year
Increase in production, higher prices, better margins and high dividend yield are key positives
In an effort to tide over inflationary pressure, the miner will likely raise prices after the assembly elections in five states, including Uttar Pradesh, in March, the sources said
India's coal output stood at 75 million tonnes (MT) in January 2020
Consolidated revenue from operations rose 20% to Rs 28,434 cr
The country's total coal production rose 6.74 per cent to 74.78 million tonnes in December as compared to the same period in 2019, the government said