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Coal India's Production Grows 10% To 773.6 MT In FY24

Coal India's coal production increased by 10% to 773.6 million tonnes in the fiscal year 2023-24, falling short of its target by 6.4 million tonnes.

<div class="paragraphs"><p>(Source: Coal India website)</p></div>
(Source: Coal India website)

State-owned Coal India has posted a 10% rise in its coal output at 773.6 million tonne. However, the output fell short of its 780 MT production target for the 2023-24 financial year by 6.4 MT.

It had produced 703.2 million tonne of coal during the preceding 2022-23 fiscal, the miner said in an exchange filing.

In March, the company produced 88.6 MT coal, up 6.1% over 83.5 MT in the same month last year.

The coal offtake also rose by 8.5% to 753.5 MT during the fiscal ended March 31, from 694.7 MT in 2022-23.

The offtake in March was at 68.8 MT as compared to 64.2 MT last year, up 7.2%.

Kolkata-based Coal India, under the Ministry of Coal, is the country's largest producer and supplier of dry fuel.