Coal India Limited (CIL) produced 773.6 million tonnes (MTs) of coal in FY 2024 registering 10% growth over a high base of 703.2 MTs of FY 2023. This is the first instance that the company recorded double digit growth in two successive years since its inception.
In previous two financial years CIL has increased its production by 151 MTs. This was higher by 22.6 MTs than the combined increase of 128.4 MTs achieved in six years from FY 2016 till FY 2022. Coal production of 88.6 MTs in March 2024 was the highest ever for any month till date. While all the coal producing arms of CIL have recorded positive growth, five of them BCCL, CCL, NCL, WCL and MCL have stepped over their respective annual targets for the second consecutive year. Mahanadi Coalfields Limited, the Odisha based CIL subsidiary has emerged as the country’s first coal producing company to have breached 200 MT with production at 206.1 MTs.
Total coal supplies have hit 753.5 MTs during FY 2024 logging 8.5% growth. The 58.8 MT volume increase came over 694.7 MTs of FY 2023. Supplies to power sector have reached 618.5 MTs in the just concluded fiscal, 31.9 MTs more compared to 586.6 MTs of FY 2023 with a growth of 5.4%.
CIL supplied 8.5 MTs more coal to power plants than its assigned commitment of the year, that is, 610 MTs. Concurrently, supplies to non-power sector (NPS) have risen to 135 MTs with a year-on-year jump of 26.9 MTs registering around 25% growth. CIL supplied 108.1 MTs to NPS in FY 2023.
