Output Of Coal India Increases By 13.4% To 53.6 MT In July

Coal India increased coal production by 13.4 per cent year on year to 53.6 million tonnes (MT) in July 2023. Coal India (CIL) stated in a statement on Tuesday that its July output was 53.6 MT, up from 47.3 MT in July last year.

CIL’s output reached 229.1 MT in April-July 2023, up 10.7 per cent from 207 MT in April-July 2022. The coal PSU has set a target of 780 MT of coal production in FY24. CIL produced 703 MT of coal in FY23.

The coal PSU has set a target of 780 MT of coal production in FY24.

“All of our subsidiaries increased production over the previous fiscal year, with SECL leading the way with a 10 MT increase. Bharat Coking Coal (BCCL), Northern Coalfields (NCL), Western Coalfields (WCL) and South Eastern Coalfields (SECL) have progressively exceeded their respective targets until July 2023,” a senior company official stated.

CIL’s total supplies reached 58.3 MT in July, a 7.2 per cent increase from 54.4 MT on 22 July. Total deliveries to all-consuming sectors increased to 244.5 MT from April to July 2023, a 5.7 per cent increase over the previous fiscal period of 231.2 MT.

Supply to coal-fired power plants stood at 201.5 MT in July of the current fiscal year, representing a 1 per cent increase over the previous year. “Coal stocks at their end stood at 33 MT as of July end, providing a comfortable buffer to domestic coal-based plants. This is nearly on a level with the beginning of the year, with little contraction. CIL’s end-of-year coal inventory is 53 MT,” the business stated.

According to CIL, the overburden of coal from mines totalled 641 million cubic metres.