Coal India aims for output target of 1 billion tonnes by FY26

Coal India is projected to touch the 1 billion tonne production mark in 2025-26. The largest public sector miner has produced 773.65 million tonnes mt) in 2023-24 and is looking forward to producing 838 mt in 2024-25.

 “As part of the Atmanirbhar Bharat initiative, India aims to increase efficiency, enhance productivity, and ensure sustainable coal production to meet the country’s energy needs while reducing reliance on imports. We have set an ambitious coal production target of 1 billion tonnes by FY2025-26,” Coal India said in its annual report for 2023-24.

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Coal India said it is advancing 119 coal projects with a sanctioned capacity of 896 million tonnes per year and a sanctioned capital of Rs 133,576 crore. “These projects are at various stages of implementation, as part of our proactive approach to increasing production capacity and meeting future coal demands,” the annual report said.

As part of its comprehensive modernisation strategy, CIL is embracing latest equipment, advanced exploration and assessment techniques, efficient mine planning and development, and optimised extraction processes, the report said.

The company plans to procure high-capacity equipment worth more than Rs 3,700 crore in the next financial year, aiming to bolster coal production capabilities for increased efficiency, as per the report.

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Additionally, the company has set a capital expenditure target of Rs 15,500 crore for the 2024-25 fiscal. In line with its investment plans, CIL intends to allocate a significant portion of funds to diversification projects, including solar power, thermal power plants, revival of fertilizer plants, surface coal gasification (SCG) and coal bed methane (CBM) during the year.

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