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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..