CIL’s optimism comes from good performances by its key subsidiaries, such as Mahanadi Coalfields, Northern Coalfields Ltd, and Western Coalfields Ltd, which are on track to meet their targets. Eastern Coalfields Ltd (ECL) is also hopeful. However, the performance of South Eastern Coalfields’ megamines is a concern, and their results in the next 75 days will be crucial to achieving the revised target.
For the next year, India’s national coal production target has been set at 1,080 million tonnes, an increase from last year’s target of 997 million tonnes. Although there are concerns about coal demand, CIL believes the sector will still grow in FY’25. The company is also working to reduce India’s dependence on coal imports, which fell by 3.1% in the first half of FY’25.
Experts say that future growth in India’s mining and metal industries will rely on both domestic demand and exports. With support from the government and participation from businesses, CIL is committed to meeting its updated production target and helping India meet its energy needs while contributing to the country’s economic growth.
