CIL reports 13.4% YoY Surge in July 2023 Coal Production

Coal India (CIL) reported a significant surge in coal production in July 2023, with a year-on-year increase of 13.4 per cent, reaching 53.6 million tonnes (MT). This marked a notable rise of 6 MT compared to the output of 47.3 MT in July the previous year.For the period of April-July 2023, CIL's total coal production reached an impressive 229.1 MT, a growth of 10.7 per cent compared to the 207 MT produced during the same period in 2022.The company has set an ambitious target of producing 780 MT of coal for the fiscal year 2023-2024. In the previous fiscal year (FY23), CIL successfully produced 703 MT of coal.A senior company official stated that all subsidiaries showed growth compared to the previous fiscal year, with South Eastern Coalfields (SECL) leading the way with a remarkable 10 MT increase in production. Other subsidiaries such as Bharat Coking Coal (BCCL), Northern Coalfields (NCL), and Western Coalfields (WCL) also surpassed their respective production targets progressively until July 2023.In terms of supplies, CIL achieved a total peak of 58.3 MT in July 2023, indicating a robust growth of 7.2 per cent compared to 54.4 MT in July 2022. During the period of April-July 2023, total supplies to all consuming sectors reached 244.5 MT, showing a commendable increase of 5.7 per cent compared to 231.2 MT during the same period in the previous fiscal year.Supply to coal-fired plants during the ongoing fiscal year until July 2023 stood at 201.5 MT, with a modest growth rate of 1 per cent.