About 100 million tonnes of mine stock, which was carried over from last fiscal year, was “unwanted,” but helped the miner meet needs when demand for coal increased a few months ago, he said. declared an official.
“We do not anticipate any challenges for coal until March for supplying power plants as we ramp up production so that we can add around 40 million tonnes to the stockpile to reach a desirable stock level of 70 million tonnes. by the end of the year, “Coal India President Pramod Agrawal said at an e-conclave hosted by the Bengal Chamber of Commerce and Industry.
He said the last quarter saw “high” production and that production issues at Central Coalfields Ltd and Bharat Coking Coal Ltd were also being resolved.
The Maharatna PSU produced 125.83 million tonnes of coal in the July-September quarter, up from 114.98 million tonnes a year ago.
The miner is also optimistic that Eastern Coalfields’ Rajmahal mine land issues will be resolved with the Jharkhand government at the earliest, he said.
Jharkhand Chief Minister Hemant Soren in July asked Coal India for immediate payment of 56,000 crore in unpaid rupees instead of government land allocated to him for mining.
The coal giant is also exploring opportunities in solar energy and the exploitation of other resources. âWe are trying to mine the bauxite at Odisha, and if we get it, we will go for an aluminum project,â Agrawal said.
The Center had already approved the minor’s diversification plans.