State-owned Coal India’s coal production dropped by 3.7% to 453.5 million tonnes (MT) in the April-November period of FY26. The drop came despite Indian government is taking several steps to ramp up domestic output and bring down the reliance on imports.
Coal India production dips in Q3
Coal India (CIL), which accounts for over 80% of domestic coal output, produced 471 MT of fossil fuel in the corresponding quarter of the previous fiscal. However, the company’s production rose by 1.2% to 68 MT during the last month, over 67.2 MT in November last fiscal.
In the financial year 2024-25, Coal India produced 781.1 MT of coal, nearly 7% below the company’s target for the year.
Coal India revises production goal to 875 MT
Coal India’s coal production target for 2024-25 was 838 million tonnes. The company is targeting a production of 875 million tonnes and an offtake of 900 MT in the 2025-26 financial year.
Coal India had earlier said that it would aspire to reach its production target of 875 MT in the current fiscal year. Coal India missed its production target in September and October. While CIL’s production declined 9.8% to 56.4 MT in October, in September, the output of the Maharatna firm dropped to 48.97 MT.
Share price of Coal India
The share price of Coal India has declined 4.63% in the past six month.
With the inputs from PTI