In order to further reduce use of imported coal by power producers, state-run miner Coal India Ltd (CIL) on Monday urged power utilities, which are importing the fuel for blending, to avail higher grade of coal from its subsidiaries as a mean of import substitution.
Coal India Ltd has put in place over 5,000 security cameras across 300 mines of its subsidiaries to thwart pilferage attempts and ensure quick response to disasters, a senior company official said.
The Coal India Ltd Monday reported a growth of 7 per cent in dry fuel production in 2018-19 to 606.9 million tonne, a shade below the MoU target of 610 million tonne with the coal ministry. The production was 567.4 million tonne in FY18.
Coal India Ltd witnessed a 6.6-per cent growth in production at 527.70 million tonnes (mt) so far during this fiscal (April-February), compared with 495.08 mt during the same period last year.
Coal India Ltd, the world’s biggest coal miner, reported a 50.1 percent jump in third-quarter profit on Tuesday as it benefited from higher coal production.
The coal ministry has expressed concern over delay in the commissioning of around 18 washeries by state-owned Coal India Ltd (CIL) and stressed upon the need for timely completion of the projects.
While the country is being forced to import coal and domestic power plants run on low stocks, Coal India Ltd (CIL) has been able to spend just 30% of its capital expenditure plans for the year till November, report submitted by the company to the coal ministry shows.
The government is hopeful of higher output in the next year from already allocated mines and plans to further allot 10 mines to state-run behemoth Coal India Ltd (CIL) in 2019. With the power production having increased in the last few years, the demand for coal has gone up.
The Indian Railways allotted at least 4,300 goods trains or rakes in the past 12-15 months on instruction from Coal India Limited, for supplying about 17 million tonnes of coal to the state-run miner’s non-power consumers
State-run miner Coal India Ltd (CIL) today reported a 4.21 per cent increase in its consolidated net profit at Rs 3,004.79 crore for the quarter ended December 2017.