Coal India Ltd. (CIL) has revised its production target for the current fiscal year, lowering it to 806-810 million metric tonnes (MT) from the earlier target of 838 MT. Chairman PM Prasad acknowledged that meeting the original target was becoming increasingly difficult and described the new target as more achievable.
As of December 2024, Coal India has achieved a 2.2% increase in production, reaching 543 MT. The company is now focused on ramping up output in the final quarter to reach a growth rate of 4-5% by the end of the fiscal year.
Prasad expressed confidence that the subsidiaries of Coal India, including Mahanadi Coalfields Ltd (MCL), Northern Coalfields Ltd (NCL), and Western Coalfields Ltd (WCL), are on track to meet their individual production targets. Eastern Coalfields Ltd. (ECL) is also expected to meet its goal, while the performance of South Eastern Coalfields Ltd.’s (SECL) large mines over the next 75 days will be crucial for meeting the overall production target.
The Chairman also highlighted the impressive 30% growth in production from captive and commercial coal mines by December 2024, which is contributing positively to India’s domestic coal supply. Additionally, coal India is making efforts to reduce the country’s dependence on thermal coal imports. From April to December 2024, coal imports decreased by 3.1%, with total imports standing at 149.39 MT.
