India’s Power sector is expected to consume around 830-835 million tonnes (mt) of domestic coal in the current financial year, compared to around 808 mt in FY26.

Asked whether the sector will consume around 830-835 mt of coal in FY27, Coal India Chairman and Managing Director B Sairam said, “Yes, it is expected. However, this is Pan-India.”

On the lower target of 810 Mt in FY27, he said, this is to even out the stocks at the pit head, as at the beginning of FY27 India had 130 mt.

“So, deliberately we took a considered decision in talks with all stakeholders including the Coal Ministry to let production level be a bit smaller (than last year), but we are ready to supply for any demand because we are sitting at a comfortable stock of 113 mt.” he noted.

The mining behemoth has set a target of 810 mt for FY27, down from 875 mt in FY26. Sairam was speaking on the sidelines of the roadshow on the scheme to promote Surface Coal/Lignite Gasification projects.

The government has launched a Rs 8,500 crore incentive scheme and recently approved an additional ?37,500 crore financial support package to accelerate coal gasification across the country.

These initiatives are expected to attract investments worth nearly Rs 2.5 lakh crore, generate large-scale direct and indirect employment opportunities, and create a robust industrial value chain across sectors such as fertilisers, methanol, hydrogen, and petrochemicals.

During his address at the roadshow, Coal and Mines G Kishan Reddy emphasised that amid evolving global economic trends, geopolitical developments, instability in West Asia and changing global supply chain dynamics, strengthening resilient domestic industrial capacities has become increasingly important for India’s long-term economic growth and strategic industrial security.

Coal Secretary Vikram Dev Dutt underlined that the initiative is not merely about energy security, but about reducing strategic import dependence, strengthening critical industrial supply chains, creating domestic manufacturing capability and unlocking greater value from India’s abundant natural resources. Inviting the industry to become equal partners in this national endeavour, he thanked all stakeholders for their enthusiastic participation in the roadshow. 

Source: The Hindu Business Line 

#theshippingtribune #latestnews #shippingnews #dailynews #Maritimenews #shippingindustry #news #media #newsupdate #maritime #shippingnewsworldwide