Don’t foresee any coal shortage till March 2022, says Coal India chief

Coal India Ltd on Thursday said it does not foresee any shortage of dry fuel for power producers till March 2022 as it is focusing on ramping up production to secure a stock of about 70 million tonne by end of the current fiscal.

Around 100 million tonne of pithead stock, which was carried forward from the last fiscal, was “not desired” but it helped the miner meet requirements when coal demand went up a few months ago, an official said.

“We don’t foresee any challenge for coal till March for supplying to power stations as we are ramping up production so that we can add around 40 million tonne to the stock to achieve a desirable stock level of 70 million tonne by the year-end,