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    CIL's newly appointed Chairman Mr. P M Prasad has emphasized that CIL will make every effort to achieve its 780 MT output target for FY2024. Ensuring uninterrupted coal supply to the power sector is another priority. In Q1 FY2024, CIL's production reached a record 175.5 MT, nearly 10% higher than the previous year. However, heavy rainfall in late June impacted production in some mining areas. CIL's overburden removal continues at a high pace of around 30% growth. Total supplies during the quarter were 187 MT, posting 5% growth over the previous year. Supplies to the non-power sector grew 34% in the current fiscal year.

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    Press 0107

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    CIL's newly appointed Chairman Mr. P M Prasad has emphasized that CIL will make every effort to achieve its 780 MT output target for FY2024. Ensuring uninterrupted coal supply to the power sector is another priority. In Q1 FY2024, CIL's production reached a record 175.5 MT, nearly 10% higher than the previous year. However, heavy rainfall in late June impacted production in some mining areas. CIL's overburden removal continues at a high pace of around 30% growth. Total supplies during the quarter were 187 MT, posting 5% growth over the previous year. Supplies to the non-power sector grew 34% in the current fiscal year.

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    CIL's newly appointed Chairman Mr. P M Prasad has emphasized that CIL will make every effort to achieve its 780 MT output target for FY2024. Ensuring uninterrupted coal supply to the power sector is another priority. In Q1 FY2024, CIL's production reached a record 175.5 MT, nearly 10% higher than the previous year. However, heavy rainfall in late June impacted production in some mining areas. CIL's overburden removal continues at a high pace of around 30% growth. Total supplies during the quarter were 187 MT, posting 5% growth over the previous year. Supplies to the non-power sector grew 34% in the current fiscal year.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    21 views2 pages

    Press 0107

    Uploaded by

    Kushwaha Auto part
    CIL's newly appointed Chairman Mr. P M Prasad has emphasized that CIL will make every effort to achieve its 780 MT output target for FY2024. Ensuring uninterrupted coal supply to the power sector is another priority. In Q1 FY2024, CIL's production reached a record 175.5 MT, nearly 10% higher than the previous year. However, heavy rainfall in late June impacted production in some mining areas. CIL's overburden removal continues at a high pace of around 30% growth. Total supplies during the quarter were 187 MT, posting 5% growth over the previous year. Supplies to the non-power sector grew 34% in the current fiscal year.

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    कोल इि डया ल मटे ड Coal India Limited

    Company Secretariat
    कंपनी स चवालय Regd. Office:3rd floor, Core-2
    3 त ला, कोर-2, े मसेस-04-एमआर, लॉट-ए एफ- Premises no-04-MAR, Plot no-AF-III, Action
    Area-1A, Newtown, Rajarhat,Kolkata-700156
    III,ए शन ए रया-1A, यूटाउन, रजरहट, कोलकाता-
    PHONE; 033-2324-6526,
    700156, फोन 033-२३२४६५२६, E-MAIL: comsec2.cil@coalindia.in
    ईमेल: comsec2.cil@coalindia.in WEBSITE: www.coalindia.in
    एक महार न कंपनी
    CIN- L23109WB1973GOI028844
    वेबसाइट: www.coalindia.in A Maharatna
    सी आई एन - L23109WB1973GOI028844 Company

    Ref.NoCIL:XI(D):4157/4156:2023: Dated:01.07.2023

    To, To,
    Listing Department, Listing Department,
    Bombay Stock Exchange Limited, National Stock Exchange of India Limited,
    14th Floor, P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex,
    Mumbai – 400 001 Bandra (E), Mumbai – 400 051.
    Scrip Code 533278 Ref: ISIN – INE522F01014

    Sub: - Press Release.

    Dear Sir/Madam,

    CIL is going to publish a press release with caption “ CIL to give its best shot at 780
    MT output target: CIL’s new Chief, Mr. P M Prasad” in leading newspapers on
    01.07.2023 (copy of the press release is enclosed). This is for your information and
    record as per Regulation 30 of SEBI LoDR’ 2015.

    Yours faithfully,
    BIJAY Digitally signed by
    BIJAY PRAKASH
    PRAKASH DUBEY
    Date: 2023.07.01
    DUBEY 13:38:15 +05'30'

    (बी पी दब
    ु /े B. P Dubey)
    Company Secretary/कंपनी सिचव
    & Compliance Officer/क लायंस ऑिफसर

    Encl: As above
    CIL to give its best shot at 780 MT output target: CIL’s new Chief, Mr. P M Prasad

    Coal India’s (CIL) newly appointed Chairman Mr. P M Prasad on taking over the charge
    on 1 July underlining his priority said “CIL would achieve the 780 million tonne (MT)
    output target of FY 2024 with all efforts and means available at its disposal”. He added
    “on supply side ensuring uninterrupted coal flow to the power sector is another
    priority area”.

    Before donning the mantle of CIL’s top post he led the Jharkhand based Central
    Coalfields Limited – a CIL arm - to its production target achievement in FY 2023. Mr.
    Prasad a three and half decade coal mining veteran is a post-graduate in mining
    engineering from Indian School of Mines IIT Dhanbad. He succeeds Mr. Pramod
    Agrawal who stepped down on 30 June on attaining the age of superannuation.

    Mr. Prasad began his CIL career in 1984 as a management trainee at Western
    Coalfields Limited and served in different capacities across different CIL’s
    subsidiaries. He also had a three year stint in NTPC as Executive Director (coal
    mining).

    Bolstering CIL’s 780 MT target chase, production during Q1 FY 2024 shot up to 175.5
    MTs, the highest ever recorded during first quarter of any year, with near 10%
    growth. Expansion in volume terms was 15.7 MTs which is significant as it came over
    a high base of 159.8 MT in similar quarter previous fiscal. Production for the month
    of June at 58 MT grew by 6.4 MTs posting a double digit growth of 12.4% compared
    to 51.6 MTs in June 2022.

    “Output could have been even higher but for the heavy rainfall in the last week of June
    across our mining areas”, said a senior executive of CIL.

    CIL’s over burden removal (OBR) continues its runaway pace as CIL excavated 497.5
    million cubic metres (M.CuM) of OB during April-June 2023 period with the
    comparative period growth hovering high at around 30%. “This is an encouraging
    signal for us that facilitates faster future production” said the executive.

    Total supplies during the quarter ended June 2023 were 187 MTs posting 5.3%
    growth compared to 177.5 MTs of Q1 FY 2022. Volume increase was 9.5 MTs.

    Non-power sector consumers continue to receive higher quantities of coal in the


    current fiscal, which at the first quarter end at 33.4 MTs logged a robust growth of
    34%. During the comparative quarter last fiscal supplies to this sector were 24.8 MTs.

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