Kolkata Mar 29 PTI Mining major Coal India Ltd is set to post its highest-ever production during the 2021-22 fiscal topping the 620-million-tonne mark and bucking two years of a declining streak of annual output a company official saidThe miners production for the current fiscal stood at 6144 million tonnes as of March 28We have crossed the previous production highs and may close the year at around 622 million tonnes the official told PTICoal despatch is expected to exceed 660 million tonnes for 2021-22The Centre had set an ambitious target of 670-million-tonne production for the currrent fiscal The miner had earlier said it was aiming at 640 million tonnes for 2021-22In 2019-20 the company had produced 602 million tonnes of coal and in 2020-21 the output stood at 596 million tonnes PTI BSM RBT RBT

Kolkata Feb 18 PTI Mining major Coal India has flagged an urgent need for price hike of the dry fuel contending that without which certain subsidiaries would find it difficult to survive company sources said on FridayIt is also trying to bring stakeholders on board to build a consensus for hiking prices they saidIn an effort to tide over inflationary pressure the miner will likely raise prices after the assembly elections in five states including Uttar Pradesh in March the sources saidEvery day is critical for me A price hike has become very urgent For certain subsidiaries survival depends on it Coal India Chairman Pramod Agrawal is understood to have told investors on Thursday they saidAgrawal however did not disclose the name of the subsidiariesGlobal coal prices have been on the higher side which has led to greater demand for the dry fuel from domestic sourcesHe also said wage negotiations are expected to be completed in 2022-23The mining behemoth is facing huge cost pressure from proposed wage hikes and fuel costs the sources saidIn the second quarter of the current fiscal higher diesel prices had resulted in cost inflation by around Rs 700 crore the chairman had said earlier PTI BSM RBT RBT

Kolkata Jan 18 PTI Mining major Coal India Ltd is committed to meet the elevated demand of the dry fuel from the power sector including coastal plants dependent on imports a company official said on TuesdayThe miner had hoped the demand would ease by December last year but that did not happen he said We are committed to catering to the coal needs of the power sector be it domestic or those dependent on imports despite CIL being stretched a senior company official told PTI when asked whether it was capable of plugging the gaps arising out of Indonesian supply disruptionsWe have already started supplying some amount of coal to the coastal plants to cut down on imports he addedIndonesia had banned coal exports since January 1 due to domestic shortages and the impasse still prevails This has led to a surge in prices in the international marketIndia imports 5-9 million tonnes of coal per month from Indonesia officials saidThe worlds largest miner is trying to keep up to the demand by dispatching over 175 million tonnes of coal per day to the power sector they saidIndias power consumption grew by 45 per cent in December 2021 to 11034 billion units BU over the same period a year ago according to power ministry dataIn the first 16 days Coal Indias average daily production stood at 235 million tonnes It is targeting 670 million tonnes of production in the 2021-22 fiscal Till January 16 the total ouput was at 445 million tonnes PTI BSM RBT RBT