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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..