July 8, 2015 8:14 AM

printer

Coal import dependence will reduce if CIL production goes up

An ICRA survey says that dependence on coal imports will reduce to up to eight per cent only if Coal India (CIL) meets the production of 1,000 million tonnes by 2020 and if auctioned coal mines are able to achieve their peak capacity in a timely manner. ICRA Vice President Corporate Sector Girish Kadam told reporters in a conference call yesterday that if CIL is able to sustain seven per cent annual growth in production during FY16 till FY20 and both the schedule II and schedule III coal mines are able to achieve their peak-rated capacity in a timely manner, overall dependence on coal imports could decrease significantly.He said, however, dependence on coal imports is likely to remain high in the near to medium term till FY19 and gradually moderate thereafter, given the overall challenges in coal mine development as well as risk of delays in increasing production of coal output by the allottees of schedule II and III mines.

Most Read
View All arrow-right

No posts found.