Coal news and updates

Coal India targets 12% production growth in FY23 amid power crunch

National miner Coal India (CIL) is eyeing 12 per cent growth in its production during the current financial year as it opens new mines to tackle the incremental demand for coal from the power sector. The firm said it has received environmental clearance for 20 proposals, which shall add an incremental capacity of 22 million tonne per year (mty).

Additionally, 36 mining projects have been cleared by CIL with a sanctioned capacity of 333 mt and an incremental capacity of 220 mt. Senior executives said these new projects would add substantially to production growth in the future. As ...