Ministry of Coal has declared a fix production target of around 68 MnT, extracted through captive Coal mines. This has been allocated to various public & private companies.
Government has set a fix Coal production target for captive Coal block holders in FY15. The step taken by the government may help to examine Coal scarcity crisis and persistently rising Coal import owing to increase in domestic demand-supply gap.
An official meeting was held under the chairmanship of Additional Secretary with Representatives from SAIL, JSPL, Sasan Power, Jaiprakash Associates and other mine holders, to analyze the development from captive mines in current fiscal.
As per the information, there have 21 captive Coal blocks, which are running under production and 6 blocks are likely to start production in current fiscal year.
The Ministry expressed concern over the several blocks included Tasra Coal blocks of SAIL, Moher & Amlori blocks allocated to Sasan Power and Damodar Valley Corporation’s Barjore block, which has been involved in production but running under capacity.
India has one of the world’s biggest Coal reserves. Contrastingly,the country has been increasing Coal imports from last few years.
As per the SteelMint analysis, Coal imports hit a massive 181 MnT in FY14, climbing from 148 MnT in previous fiscal year.
The reason behind rise in imports pointed towards slow development of domestic Coal sector. Emphasize the fact that few major Coal mines began production just last week.
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