Moneycontrol PRO
HomeNewsBusinessEconomyCoal production to be nearly 1bn tonnes in 4 yrs: Goyal

Coal production to be nearly 1bn tonnes in 4 yrs: Goyal

The government has set an ambitious target of achieving coal production of nearly 1 billion tonnes in the next four years. "Coal production in the last four years has hardly been growing by 1-1.5 per cent. I have an ambitious target of nearly a billion tonnes in the next four years," Power and Coal Minister Piyush Goyal told reporters.

October 17, 2014 / 22:14 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    The government has set an ambitious target of achieving coal production of nearly 1 billion tonnes in the next four years. "Coal production in the last four years has hardly been growing by 1-1.5 per cent. For the last year I see production going up by about 6 per cent. I have an ambitious target of nearly a billion tonnes in the next four years," Power and Coal Minister Piyush Goyal told reporters here. He said, "We together with Coal India can increase coal production to nearly a billion tonnes in the next four years and introduce new technologies to enhance production." More than half of thermal power plants, at present, facing fuel shortage due to low coal production in the country.On asked about the fuel shortage, Goyal said, "I see no reason for power plants to suffer the kind of shortage they are doing now for very long. I am confident that once the appropriate measures are taken post the SC judgement and our efforts to increase Coal India production are in place." According to recent data by the Central Electricity Authority, total fuel stocks at 103 coal-based stations have come down to around 73 lakh tonnes. This 73 lakh tonnes comprise 65.8 lakh tonnes of indigenous coal and 7.06 lakh tonnes of imported fuel. Coal India has set a target of producing 5,070 lakh tonnes of fuel. The company produced 4,620 lakh tonnes dry fuel, last fiscal.

    Also Read: Cos given 6mths to wind up can't be stopped from mining: SC

    Goyal today met SAARC energy ministers and said initial discussions have started for setting up an integrated power transmission grid connecting India with its neighbouring nations including Bhutan, Bangladesh and Pakistan.

    first published: Oct 17, 2014 09:49 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347