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Steel Mint

Indian coal industry scenario in FY20

14, Sep 2020
Coal India Ltd (CIL) missed its production target for FY20; however, despite posting a steep recovery of late, the miner could not prevent its output level falling Y-o-Y, an unlikely performance that has not been seen in recent times.

CIL's coal production also managed to breach the 600 mn t as it did in the previous fiscal, which was supported by combined efforts from its subsidiaries.

Nevertheless, the total output of 602.14 mn t attained in FY20 was approx. 58 mn t short of the MoU target of 660 mn t, while it had also noted modest decline Y-o-Y from 606.89 mn t in FY19.

The short-fall in domestic coal supply resulted in higher demand for imports, as the country recorded its highest-ever coal shipment during FY20. Imports of non-coking coal was recorded at 182.6 mn t, up by 3% Y-o-Y followed by coking coal imports at 57.2 mn t, up by 8% Y-o-Y basis.