India ‘s coal output rose by 105 million tonnes during the past four years

Coal India Ltd’s (CIL) production has increased from 462 MT in 2013-14 to 567 MT in 2017-18, a compounded jump of 22.72 per cent, Coal and Railways Minister Piyush Goyal said.

“This 105 MT increase in production in four years took almost seven years to achieve before 2013-14,” he told media while highlighting the ministry’s achievements in the past four years.

However, the annual increase is just above 5 per cent per year.

The minister also informed that drilling for exploration has almost doubled to 13.7 lakh metres in 2017-18 from 6.9 lakh meters in 2013-14.

Goyal also spoke about how the ministry has worked for ensuring superior quality. Third party sampling procedure have been put in a place. The UTTAM App has been launched for ensuring transparency and efficiency in quality monitoring process. Re-gradation of all the mines of Coal India Ltd and Singareni Collieries Company Ltd has been done by Coal Controller’s Organization.

Focus has been on the cost of electricity through lower cost and higher quality, and the Specific Coal Consumption (amount of coal required per unit of electricity) has reduced by 8 per cent in the last 4 years, Goyal said.

He also informed that of the 89 coal mines that have been transparently auctioned and allotted with 100 pe cent revenues to coal bearing States.

“The additional revenue generated will help these states to ensure economic development especially for the socio-economically backward and aspirational districts, a government statement said.

Shekhar Ghosh is consulting editor, Indoasiancommodities.com. He has edited and written for publications like Business India, Business Standard, Business Today, Outlook and many other international publications. He can be reached at shekhar.ghosh@indoasiancommodities.in.

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