State-run Coal India Ltd (CIL) has set a lofty target of supplying 610 million tonnes of coal to power plants in the financial year 2023-2024, the company said in a statement on April 5.
This is 4% more than the record 586.6 million tonnes of coal it supplied in the previous financial year. The company is confident in its ability to meet the goal, citing adequate coal stocks at its pitheads and a rise in production in FY2023.
CIL's coal production totaled 703.4 million tonnes in the previous fiscal year ended March 31, an increase of 12.94% from 622.6 million tonnes in the 2021-22 fiscal year, the first time it had exceeded the production target since the 2005-06 fiscal year.
"With increasing production and adequate pithead stocks of 69 million tonnes, we aim to meet the projected target with our best short and satiate the demand. Ramping up production should not be a problem," a company executive said.
As of April 1, there were 125 million tonnes of coal available for use, with 69.6 million tonnes at CIL's mines, 34.6 million tonnes at power plants, 13.7 million tonnes at sheds, washing plants, captive mines and ports, and around 3 million tonnes in transit and 4.5 million tonnes at SCCL, another state-run producer, industry media reported.
Coal Minister Pralhad Joshi assured the public that there will not be coal supply disruptions in the summer. In April, the peak demand is expected to 229 GW.
(Writing by Alex Guo Editing by Harry Huo)
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