The 610-MT target is 23.4 MT more or 4% higher than the record ever 586.6 MT that CIL supplied to power plants in FY23, the coal miner said in a stock exchange filing on Wednesday.
The company's apportioned quantity accounts for a little over 74% of the estimated coal requirement of domestic coal-based plants during the year, which is 821 MT. In the wake of forecast that a hot summer may push up coal demand, the company is gearing itself to meet the requirement on the back of adequate coal stocks at its pitheads and increased production in the first quarter of FY24.
"With increasing production and adequate coal stock of 69 MTs at our pitheads we aim to meet the projected target with our best shot and satiate the demand," said a senior executive of the company.
This story is from the April 06, 2023 edition of Financial Express Mumbai.
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This story is from the April 06, 2023 edition of Financial Express Mumbai.
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