State-owned CIL on Tuesday said its capital expenditure increased by 6.5 per cent to Rs 19,840 crore in FY24. The company’s capital expenditure was Rs 18,619 crore in FY23, Coal India Ltd (CIL) said in a statement. It accounts for over 80 per cent of the domestic coal output. “CIL achieved 120 per cent target […]
Category: Coal
China’s March coal output drops 4.2% amid oversupply, weak demand
China’s coal output fell 4.2 per cent in March, statistics bureau data showed on Tuesday, amid oversupply and weak demand. China produced 399.33 million metric tons of coal last month, the National Bureau of Statistics said on Tuesday. That brought output in the first quarter of the year to 1.11 billion tons, down 4.1 per […]
Govt sets coal production target of producing 170 million tonnes for FY25
The government has set the target of producing 170 million tonnes of coal from captive and commercial coal blocks in the country during the current financial year. In FY24, captive and commercial coal blocks produced 147.12 million tonnes (MT) of dry fuel, 26 per cent higher from 116 MT produced in FY23. According to an […]
Digi Yatra likely to expanded to 14 more airports: Check the full list
Digi Yatra is a system that uses facial recognition technology for contactless and seamless passenger movement at airports. It will be used by 14 more airports in India by the end of April. Digi Yatra is available at 13 airports: Delhi, Bengaluru, Varanasi, Hyderabad, Kolkata, Vijayawada, Pune, Mumbai, Cochin, Ahmedabad, Lucknow, Jaipur and Guwahati. Suresh […]
Domestic coal import rises 13% in Feb to 21.64 MT ahead of summer
India’s coal import rose by 13 per cent to 21.64 million tonnes (MT) in February as some buyers took fresh positions to replenish stocks ahead of summer, according to online marketplace mjunction. The country’s coal import was 19.15 MT in the corresponding month of FY23. “Coal imports in February 2024 were up by 13 per […]
CIL’s FY24 production jumps 10% as stock gets a fillip ahead of summer
National miner Coal India Limited (CIL) witnessed a double-digit growth in production for the second year in a row, for the first time in its history. The company, which closed the financial year 2023-24 with 773.6 million tonne (MT) of coal production, registered an annual growth of 10 per cent. That’s an increase of 70 […]
Coal sector grows 11.6% in February, highest growth in core sectors
The coal sector has registered an 11.6 per cent growth, the highest among all eight core industries of the economy, in February, an official statement said on Monday. The index of coal industry has reached 212.1 points during February as compared to 190.1 points during the same month last year, the coal ministry said. “The […]
Coal India’s output increases 10% to 773.6 million tonnes in FY24
State-owned Coal India’s production rose by 10 per cent to 773.6 million tonnes (MT) in 2023-24 but fell short of its production target of 780 MT for the fiscal, according to an exchange filing. Coal India Ltd’s (CIL) production was 703.2 MT in the preceding 2022-23 fiscal, the miner said in an exchange filing. CIL’s […]
Coal, lignite production hits all-time high of 1 bn tonnes in FY24: Joshi
The country has for the first time crossed the milestone of 1 billion tonnes of coal and lignite production in the financial year 2023-24, Union Coal and Mines Minister Pralhad Joshi said on Monday. India’s total coal and lignite output was at 937 million tonnes (MT) in the preceding 2022-23 fiscal, as per official figures. […]
Coal India likely to report production of around 773.7 MT in FY24
Coal India Ltd is likely to report production of around 773.7 million tonnes (MT) for the 2023-24 fiscal, which will be close to a 10-per cent growth over last year, company sources said. However, it is expected to fall short of the target of 780 million tonnes. Coal offtake is expected to stay restricted to […]
CIL tops annual growth target, achieves 610.8 MT supply to power sector
Coal India Ltd (CIL) has surpassed its annual supply target of 610 million tonnes to the thermal power sector, achieving 610.8 MT till March 27, a company official said. This marks the highest coal supply till date to the power sector, he said. CIL’s coal supply to the sector rose by 29.3 million tonnes in […]
Baltimore bridge collapse: Coal exports likely to be blocked for weeks
The collapse of a major Baltimore bridge Tuesday is likely to shut down the port’s coal exports for as many as six weeks and block the transport of up to 2.5 million tonnes of coal, said Ernie Thrasher, chief executive officer of Xcoal Energy & Resources LLC. The US exported about 74 million tonnes of […]