The Kolkata-headquartered company had last hiked coal prices in 2018. Its current average regulated price realisation is Rs 1,394 per tonne.
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Companies claim that they’re left with 4-5 days of stock.
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Coal India produced 37.2 million tonnes of coal in August last fiscal, the maharatna firm said in a filing to BSE.
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The supply of coal to power plants is being monitored at the highest level in the ministry on a daily basis in coordination with the Ministry of Power, Railways and the coal companies.
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A total royalty of Rs 12,962.92 crore was paid to states during 2019-20, Rs 14,746.11 crore during 2018-19, Rs 13,126.03 crore during 2017-18, Rs 11,227.14 crore during 2016-17, and Rs 10,736.7 crore during 2015-16
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The total number of mines successfully auctioned in the first tranche of auction for commercial mining was 20 out of the total 38 coal mines offered, the coal ministry had earlier said.
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CIL's coal supply accounted for about three-fourth of the country's total coal-based power generation of 82.119 billion units in July.
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The cooperation with Russia will help India reduce its dependence on far-located countries like Australia, South Africa, Canada and the US for sourcing of coking coal.
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The Bangladesh-bound coal left the Indian shore from Syama Prasad Mookerjee Port, Kolkata, the sea route that connects India and Bangladesh.
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Of the total production of 716.084 MT, 671.297 MT was non-coking coal and the remaining 44.787 MT was coking coal
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