-7.95 (-1.85%) Coal India (CIL) is aiming to supply 610 million tonnes (MTs) of coal to power sector to meet the demand of coal fired plants in 2023-24 (FY24). This is 23.4 MTs more or 4% higher than the record ever 586.6 MTs that CIL has supplied to power plants in FY23.
CIL’s apportioned quantity accounts for a little over 74% of the estimated coal requirement of domestic coal based plants during the year, which is 821 MTs. In the wake of forecasts that a hot summer may push up coal demand, CIL is gearing itself to meet the requirement on the back of adequate coal stocks at its pitheads and increased production in the first quarter of FY24.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.