India to produce 700 million tonne coal in FY21
About half of this is non-substitutable
India will produce a record 700 million tonne of coal in FY21 helping cut down on imports. India produced 602.14 million tonne of coal in FY20, marginally lower than 606 million tonne output in 2019. India imports 235 million tonne of coal annually.
About half of this is non-substitutable as they are tied to the power plant or user factories, but the rest can be cut down. Coal India (CIL) is targeting to raise its annual output to one billion tonne by FY24.
CIL has stocked up a record 75 million tonne at its mines while power station inventories have surged to 44.7 million tonne, the highest in data going back to 2008. The combined inventories are more than the two-month average of production at CIL’s FY20