CIL production increases by 9.85% during April- June 2023
The consistent upward trajectory in coal production highlights India's commitment to meet its energy demands and drive sustainable economic growth.
New Delhi: Coal India Limited (CIL) registered 175.48 Million Tonnes production between April and June 2023, marking a commendable growth rate of 9.85% in comparison to 159.75 MT during the corresponding period of the previous year.
The consistent upward trajectory in coal production highlights India's commitment to meet its energy demands and drive sustainable economic growth.
Consequently, the e-auction premium over the notified prices of CIL has witnessed a significant reduction, declining from 357% in June 2022 to 54% in June 2023, mainly due to the sharp fall in import prices.
The premium on coal auction speaks of pulse of industry.
The sharp decline in coal auction premium is indicative of adequate coal availability in domestic market. This decline in import prices has played a crucial role in shaping the import landscape for coal.