Coal India achieves record production of 622 MT in FY22

amid rising coal demand from the countrys power generation companies, the company said in a regulatory filing.According to the filing, CIL began FY22 with 99.13 MT of stock at its pitheads and could liquidate 38.4 MT of coal in March 2022-end.

State-owned Coal India Limited (CIL) on Friday reported a record coal production in FY22 at 622.6 million tonnes, registering an annual growth of 4.4 percent.

In 2020-21, coal production stood at 595.2 million tonnes (MT).

Coal supplies to power generation companies during FY22 also touched a record of 540.4 MT, up 21.4 percent as compared to 445 MT in FY21.

''CIL ended FY22 scripting a historic high in coal production, offtake and coal despatch to power plants... amid rising coal demand from the country's (power) generation companies,'' the company said in a regulatory filing.

According to the filing, CIL began FY22 with 99.13 MT of stock at its pitheads and could liquidate 38.4 MT of coal by March 2022-end. Coal output and offtake targets are pegged at 700 MTs for FY23, it said.

''With a focus on production boost, CIL has cleared 16 coal mining projects, of which seven are greenfield and nine are expansion projects. Combined, they have a total capacity of nearly 100 MT a year and incremental capacity of 56.7 MT per year.''