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 Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..