State-owned Coal India Ltd (CIL) produced 61.10 million tonnes of coal in October 2023, up 15.5% from a year earlier and 18.87% from the preceding month. The figure notched a new high so far this fiscal year (April-October 2023), the company said.

The company produced 52.90 million tonnes of coal in October of the preceding year and 51.40 million tonnes in September this year, data showed. Coal India produced over 80% of India's coal production.

The company's coal production totaled 394 million tonnes in the first seven months of the ongoing fiscal ending in March 2024, rising 11.98% from 352 million tonnes over the same period of FY2022-23, which has achieved 50% of the production target of 780 million tonnes for the fiscal.

CIL sold 61.60 million tonnes of coal in October, rising 14.71% from 53.70 million tonnes a year ago and 11.8% from September's 55.10 million tonnes. The total coal sales during the first seven months of FY2023-24 were up 9.47% year on year to 422 million tonnes, data showed.

In the first half of the current fiscal, the company's coal production remained low due to the monsoon season in India. Despite achieving only 42% of the annual production target in the first half of last fiscal, the company still managed to reach the target of 700 million tonnes by the end of the previous fiscal year.

The company supplied 50.80 million tonnes of coal to the power sector in October, rising 10.9% year on year. This took the total deliveries so far this fiscal to 346 million tonnes, a 4.5% increase from 331 million tonnes compared with the corresponding period of last fiscal.

CIL set the supply target of 610 million tonnes for this fiscal year.

(Writing by Riley Liang  Editing by Emma Yang)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article

Connect with us