Coal India’s production rises 4.4% in FY22

Coal India on Friday said it registered production of 622.6 million tonne in 2021-22, a 4.4 per cent jump over that in FY21, bucking two years of declining streak.

The mining major informed the bourses that its total off-take in 2021-22 was nearly 661.9 million tonne, a sharp 15.3 per cent jump compared to the previous year. The absolute volume expansion was 87.4 million tonne compared to the offtake of 574.5 million tonne in FY21.

The supplies to the power sector soared to a record 540.4 million tonne with an absolute volume increase of 95.4 million tonnes, representing 27.4 per cent year on year growth compared to 445 MT supplied in FY’21.