Tuesday, January 25, 2022
HomeBusinessDon’t foresee any coal shortage till March 2022: Coal India Ltd chief

Don’t foresee any coal shortage till March 2022: Coal India Ltd chief


Coal India Ltd on Thursday said it does not foresee any scarcity of dry gas for ability producers till March 2022 as it is focusing on ramping up production to protected a stock of about 70 million tonne by conclude of the present-day fiscal. 

About 100 million tonne of pithead stock, which was carried forward from the final fiscal, was “not desired” but it helped the miner fulfill needs when coal demand went up a number of months back, an official said. 

“We don’t foresee any challenge for coal till March for giving to electrical power stations as we are ramping up generation so that we can add close to 40 million tonne to the inventory to reach a appealing inventory stage of 70 million tonne by the calendar year-end,” Coal India chairman Pramod Agrawal stated at an e-conclave organised by the Bengal Chamber of Commerce and Industry. 

He stated the past quarter noticed “high” output, and troubles similar to the production of Central Coalfields Ltd and Bharat Coking Coal Ltd are also obtaining resolved. 

The Maharatna PSU generated 125.83 million tonne of coal in the July-September quarter, up from 114.98 million tonne in the calendar year-ago interval. 

The miner is also optimistic about resolving challenges pertaining to land for Rajmahal mine of Eastern Coalfields with the Jharkhand governing administration at the earliest, he said.

Jharkhand Chief Minister Hemant Soren experienced in July requested Coal India for immediate payment of 56,000 crore excellent dues in lieu of govt land allotted to it for mining. 

The coal behemoth is also exploring opportunities in solar ability and mining other means. 

“We are attempting for bauxite mining in Odisha, and if we get it, we will go for an aluminium project,” Agrawal mentioned. The Centre had previously accredited diversification plans of the miner. 

This story has been released from a wire agency feed without modifications to the textual content.

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