Consumers opt for 71 MT indigenous coal in Apr-Feb 21 on steps for import substitution: CIL

Coal India Ltd (CIL) on Tuesday said its drive for coal import substitution has gained tempo with consumers opting for about 71 million tonnes (MT) of indigenous coal during the April-February period of the current fiscal. CIL NSE 4.85 % accounts for about 83 per cent of India’s domestic dry-fuel production and aims to achieve 1 billion tonne coal production by 2023-24.

“Coal India’s drive for import substitution backed by a set of multiple measures facilitated coal consumers to opt for around 71 million tonnes (MT) of indigenous coal ending February of the current FY (financial year),” CIL said in a statement.