Coal India records 7.9% growth in production to reach 189.3 MTs in Q1, achieves nearly a quarter of its FY25 production target

coal india records 7.9% growth in production to reach 189.3 mts in q1, achieves nearly a quarter of its fy25 production target

Coal India Ltd (CIL) recorded coal production of 189.3 million tonnes (MTs) in the first quarter ending June FY2025.

State-owned Coal India Ltd (CIL) on Monday announced that it has recorded coal production of 189.3 million tonnes (MTs) in the first quarter ending June FY2025, posting a growth of 7.9 per cent in comparison to 175.5 posted during the same period last year. This was 13.8 MTs more in volume terms compared to the corresponding quarter of FY 2024.

Moving past the target of 189.2 MTs, CIL achieved 100 percent satisfaction in Q1 of the current fiscal year. While all the seven producing arms of CIL achieved positive growth, five of them have breached their respective targets, it said in a regulatory filing.

Also Read‘No change in our business strategy’, says Paytm; refutes reports of shift from licensed businesses

Meanwhile, coal offtake during the period stood at 197 MTs, up 5.5 per cent as against 186.8 MTs reported during the same period last year. The total offtake in the month of June stood at 64.1 MTs, reporting an increase of 5.4 per cent on-year from 60.8 MTs during the same month of previous year.

CIL’s output for the month of June 2024 rose to 63.1 MTs, growing by around 8.9 per cent over last year’s June when it produced 58 MTs. The month’s output increase in volume terms was a strong 5 MTs.

On the back of a strong production growth and increased coal loading, CIL’s total supplies shot up to 198.4 MTs during April-June 2024 with 6 per cent year-on-year growth. The increase of 11.4 MTs in absolute numbers came over a high base of 187 MTs.

At a time when the power demand in the country is spiking up, CIL’s supplies to the coal fired plants grew by 4 per cent to 160 MTs during Q1 FY2025, with a year-on-year jump of 6 MTs. CIL’s off-take to thermal power plants was 154 MTs in the same period of FY 2024.

CIL’s supplies to the non-power sector came in at 38.4 MTs during the referred period, which was an all-time high for Q1 of any year to date. This sector was supplied with 33 MTs in April-June 2023. The growth for the month of June 2024 alone was 23 per cent at 13.4 MTs, CIL said.

On an average CIL loaded 325.7 rakes per day to the power sector during the first three months of the current financial year. This was 19 rakes more per day compared to 306.7 rakes that CIL loaded in the first quarter FY2024 marking, up 6 per cent. One rake corresponds to approximately 4,000 tons of coal.

OTHER NEWS

2 hrs ago

World Gold Council predicts another leg up in gold prices

2 hrs ago

In Tamil Nadu’s Villupuram, Graduate Volunteers Teach Children For Free

2 hrs ago

Surprising benefits of eating curry leaves on an empty stomach

2 hrs ago

After Bhole Baba's Pic With Akhilesh Yadav Goes Viral, Yogi Highlights Godman's 'Political Links'

2 hrs ago

Vodafone Idea Q1 loss seen at Rs 7,600 crore; here're estimates for Bharti Airtel, Jio, Tata Comm, Indus Towers

2 hrs ago

'We are keeping India in mind': OpenAI VP Srinivas Narayanan on AI and how it's transforming industries globally

2 hrs ago

Couple Arrested at Delhi Airport After Failed Attempt to Fly to Canada with Fake Passports

2 hrs ago

OpenAI reaffirms support to India's AI Missions

2 hrs ago

Is 'Hanuman' fame Prasanth Varma directing the father-son duo Balakrishna-Mokshagna? Here is what we know

2 hrs ago

‘Modi is no Vajpayee': BJP tears into Rahul Gandhi for ‘heckling’ PM during Lok Sabha speech

2 hrs ago

Official Announcement: Sudheer Babu to star in pan-India supernatural mystery thriller

2 hrs ago

Hemant Soren to be Jharkhand CM again

2 hrs ago

Kamal Haasan: ‘Truth be told, I did Indian 2 only because of Indian 3’

2 hrs ago

Wipro: After 23% rally in less than a month, will this IT major sustain its upward momentum?

2 hrs ago

"Received a call from Gill...": Abhishek Sharma opens up on Team India selection

2 hrs ago

Global IndiaAI Summit 2024: World needs to collectively figure out ways to stop AI misuse, says Ashwini Vaishnaw

2 hrs ago

Kissing Disease Leaves Student Hospitalized; All About The Life-Threatening Glandular Fever and Its Symptoms

2 hrs ago

CMF by Nothing reveals CMF Phone 1 design: Most customisable smartphone ever?

2 hrs ago

"I firmly believe that KANGUVA, PUSHPA2, and COOLIE will also achieve this feat and bring pride to Indian cinema, just as Kalki has done,” says director Shankar

2 hrs ago

India Today HR Insights conclave 2024 | Why hybrid work culture is here to stay in India

2 hrs ago

Leicestershire's Chris Wright admits to serving nine-months anti-doping ban

3 hrs ago

When Aditya Chopra gave reality check to Divya Dutta after she signed 22 films: ‘Do you need money?’

3 hrs ago

Watch: Terrifying video captures landslide in Uttarakhand’s Dharchula

3 hrs ago

Hyderabad: New Cherlapalli Rail Terminal To Open This Month With Airport-Like Facilities

3 hrs ago

TWICE reveals mirror teaser images showcasing Nayeon, Jeongyeon, Momo, and Sana for their upcoming 5th Japan album 'DIVE'

3 hrs ago

After Hijab, Burqa, Mumbai College Bans Jeans, T-Shirt, Jersey on Campus, Issues Dress Code Notice

3 hrs ago

Poverty in India declines to 8.5% from 21.2%

3 hrs ago

Bansal Wire IPO gets fully subscribed on first day; Read key details here before you subscribe

3 hrs ago

Stock Split: Ashish Kacholia portfolio stock to split one equity share into 10

3 hrs ago

Indian team to meet PM Modi at 11 AM: Rajeev Shukla confirms full schedule

3 hrs ago

US, France, Canada, UK, Korea, and others back India's bid to make GPAI the global AI regulator

4 hrs ago

Bansal Wire IPO: Issue subscribed 94% on Day 1 so far; retail investors frontrunners

4 hrs ago

Now, you cannot use CRED, PhonePe, Amazon Pay, Paytm for credit card payments

4 hrs ago

Calcutta court adjourns Bengal Governor's defamation suit against Mamata Banerjee

4 hrs ago

Narendra Modi's 'habit is to lie', says Mallikarjun Kharge as Opposition walks out of Rajya Sabha over 'insult'

4 hrs ago

Cristiano Ronaldo announces retirement from European Championships

4 hrs ago

Roads Get Blocked As Large Chunk of Mountain Collapses in Uttarakhand's Pithoragarh | VIDEO

4 hrs ago

Farmers' Protest: Delhi-Chandigarh NH Closed for 5 Months, Concerns Mount As Monsoon Arrives

4 hrs ago

Budget 2024: Will government extend NPS benefits to both tax regimes?

4 hrs ago

Nithya Menen approached to star opposite Vijay Sethupathi in Pandiraj's directorial