‘There is no shortage of coal in the country’
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‘There is no shortage of coal in the country’

Agency News

New Delhi, Dec 23 : As per International Energy Agency (IEA), India is the third largest coal producer in the world during 2016-17 and there is no shortage of coal in the country.

As on April 1, 2018, the vendible stock of coal was 55.6 MT and as on December 15, 2018, coal stock was 22.93 MT with CIL, official sources said. All India raw coal production has increased from 565.77 MT in 2013-14 to 676.48 MT in 2017-18. The all India coal production during April-November 2018 was 433.90 MT with a growth of 9.8 per cent over the corresponding period of the previous year 2017-18.

Under the provisions of the Coal Mines (Special Provisions) Act 2015 and Rules made thereunder, so far 25 coal mines (24 to private companies and 1 to a Government Company) have been allocated through Electronic Auction till date. As per the current import policy, coal is kept under Open General License (OGL) and consumers are free to import coal from the source of their choice as per their contractual prices on payment of applicable duty.

'There has been a consistent effort to increase domestic coal production so as to reduce dependence on coal imports. The all India raw coal production has increased from 565.77 MT in 2013-14 to 676.48 MT in 2017-18. 'Absolute increase in all India coal production from 2013-14 to 2017-18 (four years) is 110.71 MT as compared to increase of coal production of 33.73 MT from 2009-10 to 2013-14 (four years),' sources said.

Coal India Limited (CIL) has also increased its production from 462.41 MT in 2013-14 to 567.36 MT in 2017-18 (four years), an absolute increase of 105 MT as compared to increase of coal production of 31.15 MT between 2009-10 and 2013-14 (four years).Further, in the current year during April-November, 2018, all India coal production was 433.90 MT with a growth rate of 9.8 per cent and coal production of CIL was 358.32 MT with a growth rate of 8.8 per cent over the corresponding period of previous year.

However, coking coal will continue to be imported as there is limited availability of coking coal in the country. Further, power plants designed on imported coal will also continue to import coal. (UNI)

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