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India’s coal production target at over 1 billion tons for FY24: Govt

Jatin Batra by Jatin Batra
January 18, 2023
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India's coal production target at over 1 billion tons for FY24: Govt
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Last updated: January 18, 2023, 6:34 PM IST

With continued efforts by coal companies, out of 97 coal mines, there are no ongoing problems in 56 mines.

CIL has been tasked to produce 780 tons of coal, followed by 75 tons for Singareni Collieries Company Ltd and 162 tons for proprietary and commercial mines

The government said on Wednesday it has set a coal production target of more than a billion tonnes (GT) for the next financial year. From the said target, state-owned company CIL has been tasked with producing 780 tons of coal, followed by 75 tons for Singareni Collieries Company Ltd (SCCL) and 162 tons for proprietary and commercial mines.

“The coal ministry aims to produce more than one billion tons of coal in the year 2023-2024,” the coal ministry said in a statement.

To achieve this goal, Coal Secretary Amrit Lal Meena has conducted an in-depth investigation of all coal companies. A total of 290 mines are operational in Coal India Ltd (CIL), of which 97 mines produce more than one tonne per annum. For all 97 such coal mines, issues such as land acquisition, deforestation, environmental reclamation, rail and road connections have been discussed and timetables set.

With continued efforts by coal companies, of the 97 coal mines, there are no ongoing problems in 56 mines. Only 41 mines have 61 problems, for which ongoing coordination and monitoring is carried out by the top management of coal companies with the concerned state governments and the central ministries.

CIL produced 622 tons of coal in FY22 and 513 tons of coal have been produced so far in the current fiscal year. CIL is expected to exceed the target of 700 tons set for the current fiscal year and accordingly reach 780 tons for the year 2023-24. CIL accounts for more than 80 percent of domestic coal production.

Read all the latest business news here

(This story has not been edited by News18 staff and was published from a syndicated news agency feed)

Tags: BillionCoalFY24GovtIndiasNewsMaduraproductiontargettons
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