The country’s total coal production has increased by 6.74 percent to more than 74.7 million tonnes in December, 2021 as compared to the same period of 2019.
Growth in coal production
About two months ago, there was a possibility of a power crisis due to the shortage of coal in the country, although now the situation has completely changed. The country’s coal production is registering an increase, during December, coal production in the country has increased by about 7 percent compared to the level before the pandemic.
Production reached close to 70 million tonnes
According to the information given by the Ministry of Coal, the total coal production of the country has increased by 6.74 percent to more than 74.7 million tonnes in December, 2021 as compared to the same period of 2019. Public sector major Coal India Ltd. in the total coal production in December last year. Its share stood at 6.02 million tonnes. In this month, the production of Coal India increased by 3.79 percent. The Coal Ministry said in a statement on Wednesday that the country’s total coal production increased by 6.74 percent to 74.7 million tonnes in December, 2021 as compared to the same month of 2019. The coal production figures for the financial year 2021-22 have been compared with that of 2019-20, because the year 2020-21 was not favorable for commercial activities due to restrictions imposed due to Kovid-19.
Coal India’s capital expenditure of Rs 10,717 crore
Public sector company Coal India Limited (CIL) today informed that its capital expenditure in the first nine months of the current financial year stood at Rs 10,717 crore. CIL said in a statement that its capital expenditure during April-December, 2021 is 37.4 per cent higher than the same period a year ago. In the first nine months of the financial year 2020-21, the company had incurred a capital expenditure of Rs 7,801 crore. According to CIL, a major part of its capital expenditure during this period was on account of land acquisition, purchase of heavy machinery and joint ventures. This amount stood at Rs 5,786 crore, which is 54 percent of the total capital expenditure during this period. Apart from this, Rs 1,344 crore has been spent on construction of coal disposal plants and Rs 1,785 crore on rail corridors. This is 29 per cent of the company’s total capital expenditure. Coal India said that it is looking at expanding the carrying capacity by rail. Its target is to increase the capacity to transport coal by rail by 330 million tonnes per annum by the end of the year 2023-24. According to the statement, CIL wants to increase the use of advanced technology in place of old machinery. For this, it is increasing the use of heavy machines in coal mining.