Coal India Boosts Govt Revenue by 6.4% in FY24

08 May 2024 CW Team

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.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..