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Coal India surpasses annual target of coal supplies to power sector this fiscal

Thehindubusinessline

Thehindubusinessline · 1y ago

Coal India surpasses annual target of coal supplies to power sector this fiscal

Indian state-run coal miner, Coal India, has surpassed its annual target by supplying a record 610.8 million tonnes of coal to the country's thermal power plants so far this fiscal year. This exceeds the target of 610 million tonnes. The company achieved this milestone four days earlier than expected. The increase in supplies compared to the same period last year was 29.3 million tonnes or 5% higher year-on-year. Currently, Coal India's daily average supplies to coal-fired plants stand at 1.76 million tonnes due to growing demand from the power sector.

Related News

CIL supplies record coal to power sector this fiscal

Livemint

Livemint · 1y ago

CIL supplies record coal to power sector this fiscal

State-run Coal India Ltd (CIL) has achieved a record of supplying 610.8 million tonnes of coal to the power sector in FY24. This is a 5% increase from the previous fiscal year, making it the highest level of coal supplies to the power sector in a year by the company. The increased supplies have helped raise coal stock at domestic coal-based power plants to 47.1 million tonnes, anticipating higher power demand in the coming summers. The Central Electricity Authority expects peak power demand to reach 260 GW in FY25, compared to 243 GW in FY24.

Coal India to supply more coal to power plants than annual contracted quantity | Mint

Livemint

Livemint · 1y ago

Coal India to supply more coal to power plants than annual contracted quantity | Mint

Coal India Ltd (CIL), the world's largest coal mining company, has decided to supply more coal to power plants than their annual contracted quantities (ACQs). This change eliminates the provision that previously limited coal supplies to a maximum of 120% of ACQ. With a current coal stock of 72 million tonnes, CIL aims to meet the increasing power demand in India. The government plans to add 80 gigawatts of thermal capacity by 2032 to the current 210.96 GW capacity.

Coal ministry prepared for summers; will meet entire 906 MT coal demand for power sector: Official

Livemint

Livemint · 6m ago

Coal ministry prepared for summers; will meet entire 906 MT coal demand for power sector: Official

The Indian coal ministry is prepared to meet the anticipated coal demand of 906 million tonnes for the power sector in the fiscal year 2025-26. Meetings at inter-ministerial and secretary levels are being held to ensure coal supply readiness for the coming summer. The ministry plans to distribute the coal target among major sources, including Coal India and Singareni Collieries. Current stock levels at thermal power plants indicate readiness for a comfortable summer.

India's record coal output tad shy of 1 billion tonne target

Livemint

Livemint · 1y ago

India's record coal output tad shy of 1 billion tonne target

India's coal production reached a record high of 997.4 million tonnes in fiscal year 2024, an 11.67% increase from the previous year. The cumulative production of coal and lignite exceeded 1 billion tonnes. Coal India Ltd, the world's largest coal miner, produced 773.6 million tonnes in FY24, with March seeing the highest monthly output of 88.6 million tonnes. The company aims to produce and supply 838 million tonnes in the current financial year, aligning with the government's goal to eliminate coal imports for the power sector by FY26.

Coal India production soars 10.5% to 685.1 mt during April-February

Thehindubusinessline

Thehindubusinessline · 1y ago

Coal India production soars 10.5% to 685.1 mt during April-February

Coal India, the state-owned miner, reported a 10.5% increase in coal production for the April-February period of the current financial year. The company produced 685.1 million tonnes (mt) of coal, compared to 619.7 mt during the same period last year. In February alone, production rose by 8.72% year-on-year to 74.8 mt. It was noted that there might be a shortfall of around 10 mt against the production target of 780 mt for this fiscal year. Coal India is working on minimizing this output gap.

India's coal sector records 5.85% growth in FY 2024-25, reaches 411.62 MT despite challenges

Money Control

Money Control · 11m ago

India's coal sector records 5.85% growth in FY 2024-25, reaches 411.62 MT despite challenges

India's coal production has increased by 5.85% in the fiscal year 2024-25, reaching 411.62 million tonnes (MT), as per data from the Ministry of Coal. Despite facing challenges due to adverse climate conditions, the coal sector has demonstrated resilience and dedication in driving the country's energy security. Coal India Limited (CIL), the largest player in the sector, has contributed significantly to this growth with a production of 311 MT, showing a 2.80% increase. Coal dispatches and stocks have also seen improvements, further enhancing India's energy capabilities.

Coal India liberalises long-term supply deals to allow power sale on exchanges

Economic Times

Economic Times · 23d ago

Coal India liberalises long-term supply deals to allow power sale on exchanges

Coal India has liberalized long-term supply deals, allowing power generated from coal under "linkage contracts" to be sold on power exchanges, according to a recent notice. This decision aims to maintain consistent coal demand amid declining purchases by coal-fired power plants. The move comes as coal use for power generation has decreased for the fourth consecutive month, despite heightened electricity demand. This change provides utilities more flexibility in power sales, enhancing operational responsiveness.

India’s coal & lignite production at ‘historical’ one billion tonnes

Thehindubusinessline

Thehindubusinessline · 1y ago

India’s coal & lignite production at ‘historical’ one billion tonnes

India has achieved a significant milestone by producing one billion tonnes of coal and lignite, making it the world's second-largest coal producer after China. The achievement was reached 25 days ahead of schedule and surpasses the previous fiscal year's production. The country's focus on increasing output from captive and commercial mines is driven by the growing demand for coal in the power and industrial sectors. India's power demand is projected to grow by 6-7% annually, with coal accounting for 70% of electricity generation. The achievement ensures energy security and supports the economy's growth. India also currently maintains sufficient coal stocks for the peak summer season.

Gevra coal mine gets environmental nod for expansion

Livemint

Livemint · 1y ago

Gevra coal mine gets environmental nod for expansion

The Gevra mine in Chhattisgarh, operated by SECL, has received environmental clearance to increase its production capacity to 70 million tonnes per annum. This expansion will make it the largest coal mine in Asia, surpassing Indonesia's Sangatta mine. Currently, Gevra is already the largest coal mine in India, with a production capacity of 52.5 million tonnes per year. The expansion aligns with India's goal of becoming self-sufficient in coal production and reducing its reliance on imports for power generation by FY26. SECL aims to increase its coal production to 200 million tonnes this fiscal year.

Coal Import Drop of 9.2 % in Apr-Feb Helps Save Rs 53,138 Crore in Foreign Exchange

OutlookIndia

OutlookIndia · 3m ago

Coal Import Drop of 9.2 % in Apr-Feb Helps Save Rs 53,138 Crore in Foreign Exchange

India's coal imports decreased by 9.2% in the April-February period of 2024-25 to 220.3 million tonnes, saving approximately Rs 53,138 crore in foreign exchange. The non-regulated sector experienced a sharper decline, with coal-based power generation increasing slightly by 2.87% while imports for thermal power plant blending dropped by 38.8%. This development underscores India's efforts to boost domestic coal production, reduce import reliance, and achieve self-sufficiency in coal production.

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