CIL pushes ahead with evacuation amid Q1FY26 slowdown in coal demand
(CIL) is pressing ahead with its production and evacuation infrastructure plans under its
capital expenditure programme
for the current fiscal, even as coal demand remained sluggish in the first quarter of FY 2025-26.
Independence Day 2025
Modi signals new push for tech independence with local chips
Before Trump, British used tariffs to kill Indian textile
Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency
The company has earmarked the largest share of Rs 5,622 crore - about 35 per cent of the total proposed Rs 16,000 crore capex in FY26 - for coal transportation and evacuation infrastructure, including rail sidings, corridors, coal handling plants, silos and roads.
The investments are critical to ramp up
mechanised coal evacuation
capacity from the present 151 million tonnes per annum (MTPA) to 994 MTPA by FY 2028-29 under
first mile connectivity
, an official told PTI.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Secure Your Child's Future with Strong English Fluency
Planet Spark
Learn More
Undo
The state-run miner, which accounts for over 75 per cent of
domestic coal output
, reported a decline in performance in the June quarter, with production falling 3 per cent to 183.32 million tonnes and offtake slipping 4 per cent to 191 million tonnes.
Already, there are signs of demand improvement after Coal India carried out various reforms for coal consumers, the official said.
Live Events
Despite this, CIL said it remains committed to its long-term roadmap of achieving 1 billion tonnes of production by FY 2028-29.
"The Indian growth story remains intact and we are positioning ourselves for future energy requirements," the official said.
In addition to evacuation infrastructure, the miner continues to invest in land acquisition, heavy earth moving equipment, washeries and renewable projects, aiming to ensure supply reliability while gradually diversifying its portfolio.
Meanwhile, CIL has scaled up its
renewable energy initiatives
, commissioning 114 MW of solar capacity in FY 2024-25. This took its cumulative installed solar capacity to 209.08 MW as of March 2025, as the miner intensifies efforts to achieve 3 GW of solar capacity by FY 2027-28 under its de-carbonisation roadmap.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
5 minutes ago
- Hindustan Times
Why America can't shake off inflation
The Yiddish phrase 'farshlepteh krenk', untranslatable into English, describes an illness that just won't go away. That is how some rich countries' experience of inflation has felt. The rate of price increases has fallen sharply since the acute phase in 2022, when inflation across the OECD rose to nearly 11%, its highest since the 1970s. In June average inflation across the club was around 2.5%, only a smidge above most central banks' targets. But many Anglophone countries still have lingering symptoms. To diagnose the malaise more accurately, we have updated our measure of 'inflation entrenchment' for ten rich countries. We construct this from five indicators: core inflation, unit labour costs, inflation dispersion, inflation expectations and Google-search behaviour. We rank each country on each indicator, then combine the rankings to form an overall score. Chart The results reveal a linguistic divide. Countries in the EU and Asia perform well. France, which also did well the last time we conducted this exercise, in 2024, now has the least entrenched inflation of all the countries we looked at. Chapeau bas to them. Japanese inflation, true to form, has a feeble grip. In the English-speaking world, however, inflation looks chronic. Britain is the worst performer overall. In the year to the second quarter of 2025 the country's core prices (which exclude food and energy) rose by 4.3%. Three-quarters of the items in a Briton's consumer basket have risen in price by more than 2% over the past year—unusually high 'inflation dispersion'. Australia is not far behind, with unit labour costs (what is paid to workers to produce a unit of output) nearly 5% higher in the first quarter than they were a year before. Despite a weaker economy than its southern neighbour, Canada's inflation problem is almost as bad. A few factors may explain the persistence of inflation in these places. From 2022 to 2024 the governments of Anglophone countries, on average, increased their budget deficits by two percentage points of GDP, versus a one-percentage-point contraction elsewhere. This boosted demand—the equivalent of licking doorhandles in an attempt to fight off an illness. English-speaking countries have also welcomed lots of immigrants in recent years. At least in the short run, the new arrivals may push up the prices of certain things, especially housing. Amid this bad news, there is still cause for hope that inflation will soon look less entrenched. The absolute level of inflation entrenchment seems to be ebbing: the country with the least entrenched inflation last time we did the exercise, Japan, would have ranked sixth-worst this time. The Bank of England can point to Britons' weak inflation expectations as evidence that price pressures will soon fade. The Bank of Canada can highlight low inflation dispersion. In addition, most Anglophone governments are simultaneously tightening fiscal policy and slashing immigration. America is the exception. Although immigration is declining, the government still has its foot on the fiscal pedal. And President Donald Trump's tariffs have stoked fears of another round of price rises, as American firms pass their higher costs on to consumers. Americans are more likely than others to Google inflation-related terms. Over the coming year, the public expects prices to rise by 5.5%, higher than people in any other country. A lingering illness is annoying; one that gets worse is harder to bear.
&w=3840&q=100)
Business Standard
5 minutes ago
- Business Standard
MakeMyTrip charts global expansion route, boosts corporate travel focus
Cofounder says growth driven by three engines: Customers, artificial intelligence, and supply Akshara Srivastava Gulveen Aulakh New Delhi Listen to This Article India's largest online travel aggregator, MakeMyTrip, is sharply expanding its footprint in the corporate travel segment while reinforcing a long-term strategy centred on technology, artificial intelligence (AI), and regional dominance. With a market capitalisation of over $9.8 billion, powered by a profit-making business, the company is pushing its brand into newer markets such as Saudi Arabia and the United Arab Emirates (UAE), while keeping its door open for future fundraising opportunities. 'Our grand objective is to become a one-stop shop for every conceivable need of the Indian traveller. Our recent launches — tours, attractions, and cruises — along with established
Economic Times
5 minutes ago
- Economic Times
Amid US tariff heat, PM Modi bats for Aatmanirbharta
Synopsis Prime Minister Narendra Modi emphasized the importance of following the principles of Lord Krishna and Mahatma Gandhi to strengthen India and achieve self-reliance. He reiterated his government's commitment to economic reforms and good governance, while criticizing the Congress party for mistreating Dalits with outdated laws. Modi also highlighted infrastructure development and the simplification of life and business through good governance. ANI Prime Minister Narendra Modi asserted on Sunday that India will have to follow the principles of both Lord Krishna and Mahatma Gandhi to become a strong power and to be self-reliant. Reiterating his Independence Day remarks, Modi said his government is committed to far-reaching economic reforms and good governance even as he charged Congress with treating Dalits as "slaves" by continuing with their archaic laws while flashing copies of the a rally here after inaugurating two major national highway projects - the Dwarka Expressway and Urban Extension Road-II - worth ₹11,000 crore, Modi underscored two key themes of his Independence Day speech - of India giving a befitting reply to its enemies and of becoming Aatmanirbhar (self-reliant). "To make India strong, we must move forward taking inspiration from Chakradhari Mohan (Lord Krishna) and to make India self-reliant, we have to tread on the path of Charkhadhari Mohan (Mahatma Gandhi)," Modi appealed to the people to be "vocal for local" and buy swadeshi products. He also underlined that the next-generation GST reforms will be a double bonus for people during Diwali. He emphasised that his government stands for expansion of good governance to make life and business easy. He underlined that good governance means treating the people as supreme. "You are our high command. Our constant endeavour is to make the lives of people easy. This is visible in our policies, in our decisions," he said. Modi attacked the erstwhile Congress governments for what he termed as an "indifferent attitude" towards development. This was visible in the low budgets allocated for infrastructure development."Pressure and interference of the government used to be very high earlier. Our aim is to end both," Modi cited an example of a harsh law against sanitation workers that was prevalent for a long time."Previous governments in Delhi used to treat the sanitation workers as their slaves. Those who dance with (copies of) the Constitution on their head used to trample the Constitution. You will be shocked to hear the truth about how they used to betray your feelings. There was a dangerous law against our sanitation workers. In the Delhi Municipal Corporation Act, there was a provision that if a sanitation worker does not turn up for work for a day without informing (his superiors), then he could be imprisoned for a month. Can you put somebody in jail for such a minor mistake?" Modi claimed that while those who make tall claims about social justice kept such laws in force, his government is looking out for such laws and abolishing them.
