State-owned CIL produced 619.7 million tonnes (MT) from April through February of this fiscal year, representing a 14.3% increase over the same period last year. 542 MT of coal were produced by the Maharatna company during the same time last year. "This is a perfect accomplishment of a developing goal. CIL is well on its approach to exceeding the production target of 700 MT for FY'23 with a quantum gain of 77.3 MT "In a statement, Coal India Limited (CIL) stated.
All the subsidiaries of the coal behemoth have logged growth over previous year. The Dhanbad-based Bharat Coking Coal Ltd has already wrapped up its annual production target of 32 MT on 27 February. On progressive basis, CIL has
consistently maintained a high double-digit production growth since the beginning of the fiscal. CIL began its 700 MT target chase with an asking growth rate of 12.4 per cent. 'The company is aiming to augment the growth further in March'23 and any increase would have supplementary influence over the target," a senior official of the company said. Despite being a shorter month, CIL's output last month stood at 68.8 MT, the highest for the month in any year till now. This represents a growth of seven per cent compared to February last year.
"The increase of 4.5 MT in volume terms was notched over a high base of 64.3 MT," it said. Sequentially, compared to January this fiscal, CIL on an average produced 1.37 lakh tonnes more coal per day in February. CIL's total supplies at 630.5 MT increased by 30.6 MT, year-on-year, during the April-February period of the current fiscal.
In comparison to 599.8 MT of the same period last year, the company reported growth of 5.1%. The annual off-take goals for three of CIL's subsidiaries, BCCL, NCL, and MCL, have all been surpassed. Throughout the first eleven months of the current fiscal year, the PSU supplied 534 MT of coal to the power industry, an increase of 46 MT due to increased demand. In comparison to 488 MT over the same period last fiscal year, this represents a 9.4% gain. CIL had 50 MT of coal storage at its pitheads at the end of February despite greater supplies to consuming sectors. More than 80% of the domestic coal production is attributed to Coal India.
