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Green Concerns to Take a Toll on Coal India’s Output Growth

07 Mar 2011 Evaluate

Coal India’s production growth is likely to nosedive to less than 1% in the current financial year compared to the projected growth of about 7%, as a number of its projects have been hit by environmental concerns. CIL has set a production target of about 460 million tonnes (MT) for this fiscal. Due to ‘no-go’ classification by the environment ministry, several CIL projects are lying stranded. The production growth, as compared to the last fiscal is likely to be almost nil this fiscal.

In 2010-11, CIL’s coal output, which accounts for over 80% of the domestic production, is expected to be almost the same as 2009-10 fiscal years’ 431.26 MT. CIL’s 2009-10 coal output was 7% more than the previous fiscal. In 2008-09 CIL’s production stood at 403 MT.

Ministry of forest and environment has put 203 coal blocks with a potential output of 660 million tonnes per annum in nine coalfields under the 'no go' mining zone. Besides, as many as 154 projects of CIL are stalled due to delay in environmental and forest clearances at the Centre and state level.

Coal India Share Price

438.70 5.80 (1.34%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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