The Prime Minister’s Economic Advisory Council (PMEAC) said growth rate in coal production will decelerate to 6 per cent in 2010-11 from over 8 per cent in the previous fiscal. The PMEAC said India’s coal production is expected to touch 560 million tonnes this fiscal.

Coal output grew by 6.8 per cent in 2007-08, 7.8 per cent in 2008-09. In
2009-10, it grew by 8.3 per cent to touch 527 million tonnes.

“Although coal output growth has been extremely weak in the first two
months of 2010-11, overall for the year it would be reasonable to expect
coal output in excess of 560 MT, implying a growth of well over 6 per
cent,” the PMEAC said in its economic outlook report for 2010-11.

State-owned Coal India is accountable for over 80 per cent of the
country’s total coal production. The Navratna PSU has set a target for
461.5 MT output for the current fiscal.

The rest is produced by Singareni Collieries Company and others like Tata Steel for captive use.

In 2009-10, the CIL produced 431.27 MT of coal, missing target of 435 MT by a whisker.

CIL mainly supplies to domestic power, steel and cement firms.

Source: PTI

Search to find what you want

• Coal Allied Contributions stronger Q4 coal

    Coal & Allied Industries Ltd, a company managed by Rio Tinto Coal Australia, has posted a three per cent increase in fourth quarter coal output, with total sales in line with fiscal 2008. Total coal production for the quarter was 6.9 metric tonnes (Mt), three per cent higher than the

• CIL targets 461.5 mln. Ton of coal in FY11

    State-owned Coal India Ltd., or CIL, is targeting 461.5 million tons of coal production during the next fiscal, compared to the envisaged production of 435 million tons in the current fiscal, reports said quoting a company official. It would enter into an agreement with the Coal Ministry in this regard

• India: Coal production increases by about 8 percent in 2008/09

    The country’s coal production grew by about 8 per cent to 492.95 Million tonnes (Mt) in 2008-09 from 457.08 MT in the same period previous fiscal as Coal India Ltd has increased its output to meet the growing demand of user industries like power, steel and cement.

• CIL targets 7.7% growth in 2009/10

    State-owned Coal India Limited (CIL) has set a production growth target of 7.7 per cent during the current financial year, its Chairman Partha S Bhattacharya said. “Last year, the production growth rate of CIL was 6.4 per cent. This fiscal, we want to set it at 7.7 per cent,” Bhattacharya

• India: Government may sell a 10% stake in Coal India

    State-run Coal India today said the government may divest only 10 per cent stake in the PSU in the next fiscal, against the desired 15 per cent, as regulatory provisions bars it from reserving some shares for employees. Also, the company said it plans to divest an additional stake of

• JSW Steel production rises 88 pc in Q3

    JSW Steel, the country’s largest private sector steel maker by domestic capacity, on Tuesday said its production rose 88 per cent to 14.69 lakh tonnes in the third quarter of the current fiscal. The company’s crude steel production during the nine-month period ended December 31, 2009 was 43.9 lakh tonnes,

• Tata Steel April-February sales rose 22% to 5.54mt

    Tata Steel said it has sold 22 per cent more steel at 5.54 million tonne during the April-February period against a year ago on account of steady rise in demand for products. “The company achieved sales of 5.54 million tonne cumulatively up to February 2010 in the current fiscal year

• India: Major ports see growth of 3.6% in April-October

    The major ports – those under the jurisdiction of Central Government — handled a total of 314.63 million tonne (mt) traffic in April-October, registering a 3.6 per cent growth over the corresponding period last fiscal.

• Coal India 2010/11 imported coal directly to the

    Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the current fiscal year, D.C. Garg, chairman of the company’s subsidiary Western Coalfields Ltd told Reuters. The country’s demand for coal is rising, particularly from

• Crude oil production to 4% in February

    India’s crude oil production rose by four per cent in February, the third straight? month of increase, led by state-owned Oil and Natural Gas Corp and Cairn India. Crude output rose to 2.66 million tonnes, against 2.56 million tonnes in February last year, according to the data released by the