Coal India’s output up 17.4% in Apr-Oct period at 52.9 MT

03 Nov 2022 CW Team

Coal India Ltd said this week that its coal production increased by 17.4% to 351.9 million tonnes (MT) in the April-October period of the ongoing financial year. The company's coal output in the corresponding period of last fiscal was 299.6 MT, CIL said in a regulatory filing.

Coal production by the ‘Maharatna’ firm increased to 52.9 MT in October, against 49.8 MT in the corresponding month of the previous fiscal.

The public sector enterprise also said its coal offtake during April-October went up to 385.7 MT from 364.4 MT in the year-ago period.

However, in October the offtake dropped to 53.7 MT from 56.5 MT in the same month of last fiscal. The coal major did not assign any reason for the drop in offtake.

Coal India accounts for over 80 per cent of domestic coal output. It will achieve 1 billion tonnes of coal production targeted by 2025-26 as against the earlier timeline of 2023-24 in view of the COVID-19 pandemic, coal minister Pralhad Joshi had earlier said.

Coal output by CIL in current financial year is expected to be 700 MT and there would be additional output of 200 MT from other sources.

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