New Delhi: State-owned Coal India Limited (CIL) is planning to increase its coal production to 384.5 million tonnes in 2007-08, an increase of 24 million tonnes from the amount achieved last year and would be investing around Rs18,000 crore in the 11th Plan period.
Raw coal off-take to consumers was 350.90 million tonnes, an increase of 17.24 million tonnes over the previous year while the coal stocks have increased by 10.04 million tonnes during the year, reaching a level of 42.91 million tonnes by March 31.
The company recorded 540.1 million cubic metres of over burden removal in 2006-07 as against 533.95 million cubic metres achieved last year.
“Ideally, coal production and over burden removal should increase at the same percentage. However, this time we encountered problems in acquiring explosives,” Bhattacharyya said.
CIL’s sales realisation during 2006-07 is Rs35,746 crores, Bhattacharyya said, adding the realisation included adjustments of Rs36,446 crores of billing. The company’s outstanding dues have reduced by Rs246 crores and stood at Rs2,400 crore in 2006-07.