Coal India surpasses annual output target for first time in 17 years

03 Apr 2023 CW Team

Coal India announced that it had exceeded its annual production target of 700 million tonnes for the first time since the fiscal year ended in March 2006.

The world's largest coal mining company expects to end its fiscal year with an output of 703.4 million tonnes, 13% more than the previous fiscal year's output of 622.6 million tonnes.

"A volume increase of 81 million tonnes in a single year by the end of fiscal year 2023 would be a historic high since the company's inception," the company said in a statement.

Coal India last met its annual production goal in 2006, when it produced 343.4 million tonnes against a plan to produce 343 million tonnes.

The miner, which accounts for 80% of India's annual coal output, is aiming for 780 million tonnes of output in the coming fiscal year in order to fuel its power utilities, which are expected to burn 8% more coal this year.

Since Russia's invasion of Ukraine, India's coal-fired power output has increased much faster than any other country in Asia Pacific, highlighting the challenges that the world's third-largest greenhouse gas emitter faces in transitioning its economy away from carbon.

When asked about rising coal use, the government has previously cited lower per capita emissions compared to richer nations and surging renewable energy output.

Coal accounts for nearly 75% of India's power generation and utilities account for more than 75% of its coal use. India is the world's second largest producer, consumer and importer of the fuel.

Coal India intends to ramp up production to 1 billion tonnes by March 2026 by increasing the capacity of its existing mines and opening new mines.

Also Read
Dust city: Mumbai has a whopping 11,125 construction sites
Authum completes takeover of Reliance Home Finance Ltd

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..