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Organizational Profile, Finance and Strategic Initiatives

Organizational Profile, Finance and Strategic Initiatives
A Glance at Coal Mining:-
Today India is the 2nd largest producer of coal in the world. The All India Coal Production during 2023-24 stood at 997.25 MT with a positive growth of 11.65%. Coal India Limited (CIL) produced 773.647 MT with a positive growth of 10.02% during 2023-24. Singareni Collieries Company Limited (SCCL) production of coal during 2023-24 was 70.02 MT with a positive growth of 4.30%. Small quantities of coal are also produced by TISCO, IISCO, DVC and others. The dependability on coal may be gauged by the fact that about 49% of India’s installed power capacity is coal (excluding Lignite)-based. CIL produces around 78% of India’s overall coal production and it alone meets to the tune of 40% of primary commercial energy requirement. As India aims to increase its power generation capacity in coming years, to cater to demand from rising economy, population growth and rapid urbanization, a significant portion of the capacity is expected to come from coal itself. Despite the increasing thrust on development of renewable energy sources, coal will continue to remain the bedrock for India’s energy matrix for the time being, given its domestic availability as an efficient fuel. Coal is likely to remain a significant part of India’s energy mix in the short-to medium term, especially in sectors such as power generation, steel and cement, where alternative energy sources are not yet fully viable. As per assessment under Vision of 2047, coal is likely to be the major contributor for energy security of the nation. Though demand may slow down in coming years, the absolute demand will not be less than the present as base load requirement will continue to be met from coal. CIL and its subsidiaries have planned to achieve 1 BT production by 2025-26. Further, considering the demand of coal in the country, the tentative long term production projections for CIL is expected to peak at 1300 MTPA by 2034-35 and it is expected that 1 BT production will continued to be required up to 2047. In terms of availability, coal is the most abundant fossil fuel available with India. The estimated coal reserves of the country as on 01.04.2023 are 378.21 billion tonnes, which are spread over 69 coalfields, are mainly confined to eastern and south central parts of the country.
India is committed to increasing renewable energy capacity, targeting 3 GW of non- fossil fuel capacity by 2025-26.