Coal India Ltd (CIL), a state-owned company, has reported a 12.6 per cent year-on-year growth in coal production, reaching 51.4 million tonnes (MT) per month. This is an increase compared to the 45.7 MT produced the previous year, according to a filing with the Bombay Stock Exchange (BSE).
Moreover, CIL’s cumulative coal production for the April-September period of this year also showed growth of 11.3 per cent, reaching 332.9 MT compared to 299 MT produced last year.
The quantity of fuel supplied by CIL from coal pitheads, known as offtake, also experienced growth. In September, CILs offtake surged by 12.6 per cent to reach 55.1 MT compared to 48.9 MT in the corresponding month of the previous fiscal year.
During the April and September period, this leading Maharatna firm witnessed an increase in offtake by 8.6 per cent, reaching 360.7 MT as opposed to 332 MT during the period year.
It is important to highlight that Coal India plays a role in India’s coal industry and contributes over 80 per cent of coal output. The impressive production and sales numbers demonstrate the company’s commitment to meeting the country’s coal requirements and supporting industries that depend on this crucial energy source.
CIL’s outstanding performance is crucial for India’s energy stability and economic development as coal plays a role in the nation’s energy mix, powering industries, generating electricity, and more.