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Coal India clocks 400 MT production in record time

Coal production to improve further in coming months, CIL stated. The company’s target is to hit 700 MT of coal production in FY 2023.

November 25, 2022 / 05:05 PM IST
A coal handling terminal in Andhra Pradesh. (Image via Unsplash)

A coal handling terminal in Andhra Pradesh. (Image via Unsplash)

 
 
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Coal India Limited (CIL) has clocked its quickest 400-million-tonne coal production for any fiscal year in the state-run company's history, it said on November 25. CIL also added that it expects coal production to further increase in the coming months to hit its target of 700 MT in FY23.

“CIL has breached its 400 MT production mark in the quickest time ever, since the inception of the company, till 24 November of the ongoing fiscal. This represents a year on year growth of 17 percent,” the world’s largest government-owned coal producer said in a statement.

In 2021, CIL had produced 342 MT on November 24 and hit 400 MT of production on December 25. This year, the same quantum of production was achieved 31 days ahead compared to last year, which will give the company additional time to meet its target of producing 700 MT this fiscal, a CIL spokesperson told Moneycontrol.

Nationally, the coal ministry has projected a production of 900 MT in this fiscal, a feat which has not been achieved until now. This comes at a time when India has renewed its thrust on using coal for electricity generation as globally cost of oil and gas has skyrocketed owing to the Ukraine-Russia war and global inflation.