Coal news and updates

India’s captive blocks’ FY16 output down 34.32% y-o-y

The production of coal from captive coal mines during 2015-16 (April-March), stood at 40.98 million tons (mt), nearly 34.32% lower compared to 62.40 mt produced in the same period of last fiscal, according to provisional data available with ICMW.

The target for coal production from the captive blocks in 2015-16 was 94 mt, of which only 43.59% has been achieved during the year.

ICMW understands that the target was not met as a number of mines that were auctioned at the beginning of 2015 are yet to start production.

However, in March, the last month of 2015-16, production from the captive blocks increased 11.49% to 4.17 million tons (mt) as against 3.74 mt in February 2016.

Captive coal blocks include those allotted via e-auction in 2015 and also that of Tata Steel and the blocks in operation in Meghalaya.

However, in March 2016, coal production from the captive blocks was down 4.35% from 4.36 mt recorded in the same month last year (March 2015).