CIL gets revenue of over Rs 1.52 trillion from coal sales in FY'22
COAL & MINING

CIL gets revenue of over Rs 1.52 trillion from coal sales in FY'22

Coal India Ltd has earned revenue of over Rs 1.52 trillion from coal sales in financial year 2021-22, selling 661.89 million tonnes of the fuel. Coal Minister Prahlad Joshi further told parliament this week that the ‘Mahartana’ company has garnered Rs 294 billion by selling 177.59 mt of coal in the April-June period of the ongoing financial year.

The revenue figure for the first quarter of FY'23 is provisional, it added.

While in FY'21, CIL earned Rs 1.26 trillion from sale of coal, in FY'20 the figure stood at Rs 1.35 trillion.

In order to increase the revenues of the public sector companies operating in the coal space, the government has permitted them to diversify into other sectors, including renewable energy.

The captive mine owners, other than atomic minerals, can sell up to 50 per cent of their annual mineral, including coal, in the open market after meeting the requirement of their end-use plants. Moreover, coal production is being increased continuously, the minister said.

Coal India accounts for over 80 per cent of domestic coal output. The company is eyeing one billion tonnes of coal production by FY'25.

See also:
Power sector’s dues to Coal India rise 10% to Rs 152. 52 bn
CIL cancels maiden tender

Coal India Ltd has earned revenue of over Rs 1.52 trillion from coal sales in financial year 2021-22, selling 661.89 million tonnes of the fuel. Coal Minister Prahlad Joshi further told parliament this week that the ‘Mahartana’ company has garnered Rs 294 billion by selling 177.59 mt of coal in the April-June period of the ongoing financial year. The revenue figure for the first quarter of FY'23 is provisional, it added. While in FY'21, CIL earned Rs 1.26 trillion from sale of coal, in FY'20 the figure stood at Rs 1.35 trillion. In order to increase the revenues of the public sector companies operating in the coal space, the government has permitted them to diversify into other sectors, including renewable energy. The captive mine owners, other than atomic minerals, can sell up to 50 per cent of their annual mineral, including coal, in the open market after meeting the requirement of their end-use plants. Moreover, coal production is being increased continuously, the minister said. Coal India accounts for over 80 per cent of domestic coal output. The company is eyeing one billion tonnes of coal production by FY'25.See also: Power sector’s dues to Coal India rise 10% to Rs 152. 52 bnCIL cancels maiden tender

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?