Ranchi. State-owned Central Coalfields Limited (CCL) Chairman and Managing Director PM Prasad said on Tuesday that the import of non-coking coal used in power generation is likely to come down significantly by the financial year 2025-26.
The chief of CCL, a subsidiary of the country’s largest coal producer Coal India Limited, said that Coal India’s production capacity is expected to increase to one billion tonnes by 2025-26. In such a situation, the import requirement of non-coking coal will come down significantly. “We have to keep in mind that production targets are already set,” Prasad, who has been recommended for the post of Coal India’s next chairman and managing director, told PTI.
Coal India’s production in the last financial year was 703.4 million tonnes. It is estimated to be 780 million tonnes in the year 2023-24 and 880 million tonnes in the year 2024-25. Along with this, he said that Coal India will start producing one billion tonnes of coal by the financial year 2025-26.
He said, “If we achieve this target, then definitely the import of non-coking coal will come down. In this way, the import of non-coking coal can be brought down to the lowest level within three years. was 22.6 percent higher.