Bhubaneswar, February 16: Two Central Public Sector Undertakings (PSUs), Coal India Limited (CIL) and NLC India Limited (NLCIL) have collected a total revenue of Rs 13,960.50 crore from their coal mining operations in Odisha during past three financial years.
The CIL is a Maharatna Company and NLC India Limited is a ‘Navratna’ Central PSU under the Ministry of Coal.
According to official data, CIL has earned a revenue of Rs 12,741.80 crore and the NLCIL collected Rs 1218.70 crore revenue during the financial years 2022-23 to 2024-25.
The revenue was generated from their operations in the districts of Angul, Jharsuguda, Sundergarh and Sambalpur. While the CIL has its operations in Angul, Jharsuguda and Sundergarh districts, the NLC India Ltd is operating coal mines only in Sambalpur district.
The data revealed that the CIL’s revenue is going down in each passing year. The Central PSU has generated coal mining revenue of Rs 4765.79 crore during the financial year 2022-23, which goes down to Rs 4175.21 crore in 2023-24 and further decreased to Rs 3800.80 crore during last financial year.
The revenue of CIL has witnessed a steady decline in its operation in Angul district while the graph is like a wave in other two districts of Jharsuguda and Sundergarh.
In its coal mining operation in Angul district, the Coal India Ltd had collected revenue of Rs 2771.89 crore in the financial year 2022-23, which fell down to Rs 2388.71 crore in 2023-24 and further declined to Rs 1950.88 crore during FY 2024-25, according to the data.
In Jharsuguda district, the central coal company has recorded a collection of Rs 879.70 crore revenue during the FY 2022-23, which declined to Rs 789.39 crore in the next FY but slightly increased to Rs 798.94 crore in the last fiscal.
Similarly, in Sundergarh district, the CIL recorded a revenue collection of Rs 1114.20 crore, Rs 997.11 crore and Rs 1050.98 crore during the financial years 2022-23, 2023-24 and 2024-25.
However, the NLC India Ltd has witnessed a steady rise in its coal mining revenue during the past three fiscal years. The company collected revenue of Rs 319.54 crore in 2022-23, which was enhanced to Rs 377.68 crore in 2023-24 and further to Rs 521.48 crore in 2024-25. This company has an operational coal mine in Sambalpur district.
Sources attributed steady coal price in the market as the reason behind the slight decrease in CIL revenue. In 2022, when India faced power crisis due to shortage of coal, the Ministry of Coal had enhanced its coal production in all of its entities and also ensured sufficient availability of affordable coal stock with all power generating plants. Since then, the price has remained almost stagnant, which affected the overall revenue generation of the entities, the sources said.
During the past three fiscal years, the state of Odisha has received Rs 11,706.38 crore as royalty and Rs 3155.27 crore towards District Mineral Foundation (DMF) from coal PSUs.
As per the available data, the state has earned Rs 4137.88 crore coal royalty from the Central PSUs during the year 2022-23, which goes down to Rs 3881.79 crore in 2023-24 and further declines to Rs 3686.71 crore during the next fiscal.
Similarly, the central coal PSUs contribution towards DMF has also recorded a decline trend during the period. The central coal entities have paid Rs 1163.29 crore to the DMFs in 2022-23, which fell down to Rs 1010.79 crore and Rs 981.19 crore during the next two fiscal years.
Coal PSUs have ensured that timely payment to state authorities is made within the stipulated time period. CIL subsidiaries make advance payment of royalty on estimated dispatch and difference, if any, on actual dispatch, is remitted within the stipulated time period, officials said.
Monthly account adjustment and payment is ensured. Monthly returns of Royalty, DMF etc. are also regularly filed with the District Deputy Director to ensure statutory compliance, they said.
All payments of royalty and DMF are made through electronic/online mode in I3MS portal of state government, ensuring transparency, accuracy and timely credit to the state government accounts, they informed. (EOM)h
