CIL Meets More than 90% of ITS Supply Commitment

NEW DELHI . Coal India Limited (CIL) has been meeting more than 90% of its supply commitment as against the Annual Plan target finalised by Ministry of Coal/ Planning Commission . The gap between demand and supply of coal in the country is to be met through coal imports.

Government has also reduced the import duty on coal to 0% for coking coal and 5% for non-coking coal in 2004-05. Further, in the Union Budget for 2013-14, in respect of steam coal and bituminous coal, Government has reduced the import duty to 2% and has levied countervailing duty of 2%.

In the draft Annual Plan for 2013-14, Ministry of Coal/Planning Commission has assessed the demand of coal in the country as 769.69 Million Tonnes. Against this demand, supply plan from indigenous sources has been planned to be 614.55 Million Tonnes with a demand-supply gap of 155.04 Million Tonnes which is envisaged to be met through imports by consuming sectors. This information was given by the Minister of State for Coal, Shri Pratik PrakashBapu Patil in a written reply in Rajya Sabha today.