CIL Achieves Record Coal Production of 703.91 MT up to 7th March 2024
This impressive figure surpasses last year's production of 703.20 MT by 24 days. Additionally, CIL currently maintains a coal stock of 72.70 MT as of 7th March 2024.
![CIL Achieves Record Coal Production of 703.91 MT up to 7th March 2024](https://www.psuconnect.in/sdsdsd/cil_achieves_records_high_coal_production.jpg)
Coal India Limited (CIL) has achieved a new record in coal production. As of 7th March 2024, CIL has produced 703.91 million tonnes (MT) of coal in the current fiscal year. This impressive figure surpasses last year's production of 703.20 MT by 24 days. Additionally, CIL currently maintains a coal stock of 72.70 MT as of 7th March 2024.
To enhance domestic coal production, the Ministry of Coal has implemented several key initiatives. Adoption of the Mine Developer and Operator (MDO) model, mechanization and modernization of CIL mines, both Underground (UG) & Opencast (OC), undertaking new projects, and expanding existing projects, have boosted coal production.
Moreover, the induction of enhanced Mass Production Technologies and the digitization of operations, including the introduction of ERP, have played pivotal roles in enhancing mine efficiency and productivity.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYFurthermore, the Ministry of Coal has played an important role in facilitating the growth of the coal sector by formulating policies and providing necessary support to coal mining companies. Policy reforms aimed at promoting sustainable mining practices, ensuring environmental compliance, and attracting investments in the coal sector have contributed to the overall growth and success of Coal India Limited.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsThe accomplishment of this milestone not only displays Coal India Limited's operational excellence but also reinforces the government's commitment to ensuring energy security and meeting the increasing demand for coal in the country.
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