No dethroning coal in the next two decades
The country’s largest miner Coal India does not anticipate a fuel supply crunch as seen last summer. Coal India chairman Pramod Agrawal, in an interview with The Telegraph said that there is no “dethroning” of coal as a major fuel source at least in the next two decades and touched upon a need for a judicious increase in the price of coal.
Coal India has an ambitious production target of 700 million tones (mt) in 2022-23. Based on the current production trend, what is the anticipation for March 31, 2023?
A: The target is definitely ambitious. We began FY23 entailing a quantum jump of 78 mt to breach the target. So far we have produced 61 mt more coal than last fiscal.
