Team News Riveting
Kolkata, September 2
State-run Coal India Limited (CIL) reported a growth of 3.2 per cent in in the overall coal production so far in the current financial year 2024-25.
The company has produced 290.4 million tonnes (MT) of coal in the last five months of the current fiscal. The output is 3.2 per cent more compared to 281.5 MT coal produced by the CIL during the corresponding period of last financial year.
The company however reported a 11.9 per cent drop in production in the month of August from the same month last year to 46.1 MT from 52.3 MT last year. Barring Mahanadi Coalfields Limited (MCL), all major subsidiaries of the CIL reported a decline in the production for August. The monsoon-related hurdles are attributed to the production loss.
CIL has set a production target of 838 MT for financial year 2025. However, the current output figure is just 34 per cent of the target set for the year. The coal production generally reports low in the first half of a financial year due to the monsoon months. However, it picks up later in the year.
The offtake also saw a drop in the month of August, declining by 12 per cent from last year to 52.1. The cumulative offtake till August stands at 310 MT, which is just 1.4 per cent higher than last year.
The major arms of the CIL, the South Eastern Coalfields Limited (SECL) and Northern Coalfields Limited (NCL) reported a production loss of 28.1 per cent and 25 per cent respectively last month. The Sambalpur-Odisha-based subsidiary of CIL, MCL has registered a growth of 8.1 per cent in August.
