Coal India Boosts Govt Revenue by 6.4% in FY24
COAL & MINING

Coal India Boosts Govt Revenue by 6.4% in FY24

Coal India Limited (CIL) has reported a 6.4% increase in its contribution to the government exchequer, reaching Rs 60,140 crore during the fiscal year 2024. This surge in revenue reflects the company's continued role as a significant contributor to government finances, bolstering economic stability and funding key development initiatives.

CIL's robust financial performance is attributed to various factors, including increased coal production and sales volumes, improved operational efficiency, and favourable market conditions. Despite challenges faced by the coal sector, CIL has managed to enhance its revenue generation capacity, demonstrating resilience and adaptability in a dynamic market environment.

The increased contribution from CIL to the government exchequer has positive implications for fiscal consolidation and public expenditure, enabling the government to finance critical infrastructure projects, social welfare programs, and other priority initiatives. It also underscores the importance of the coal sector in supporting economic growth and employment generation across various sectors.

As India continues its transition towards cleaner energy sources and renewable alternatives, the coal sector remains a vital component of the country's energy mix, providing reliable and affordable energy to meet growing demand. CIL's sustained contribution to government revenue highlights the ongoing significance of coal in India's energy landscape, while also emphasising the need for sustainable and responsible coal mining practices.

Moving forward, CIL aims to further enhance its operational performance and contribute to the country's energy security and economic development goals. By leveraging innovation, technology, and responsible mining practices, CIL seeks to maintain its position as a cornerstone of India's energy sector while promoting environmental sustainability and social welfare.

Coal India Limited (CIL) has reported a 6.4% increase in its contribution to the government exchequer, reaching Rs 60,140 crore during the fiscal year 2024. This surge in revenue reflects the company's continued role as a significant contributor to government finances, bolstering economic stability and funding key development initiatives. CIL's robust financial performance is attributed to various factors, including increased coal production and sales volumes, improved operational efficiency, and favourable market conditions. Despite challenges faced by the coal sector, CIL has managed to enhance its revenue generation capacity, demonstrating resilience and adaptability in a dynamic market environment. The increased contribution from CIL to the government exchequer has positive implications for fiscal consolidation and public expenditure, enabling the government to finance critical infrastructure projects, social welfare programs, and other priority initiatives. It also underscores the importance of the coal sector in supporting economic growth and employment generation across various sectors. As India continues its transition towards cleaner energy sources and renewable alternatives, the coal sector remains a vital component of the country's energy mix, providing reliable and affordable energy to meet growing demand. CIL's sustained contribution to government revenue highlights the ongoing significance of coal in India's energy landscape, while also emphasising the need for sustainable and responsible coal mining practices. Moving forward, CIL aims to further enhance its operational performance and contribute to the country's energy security and economic development goals. By leveraging innovation, technology, and responsible mining practices, CIL seeks to maintain its position as a cornerstone of India's energy sector while promoting environmental sustainability and social welfare.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?