Coal India, one of the largest coal producers globally, is gearing up for a robust financial year 2023-24 with a projected total income of ₹1,40,526.07 Crore. The company’s revenue and operating profit have shown a positive trend over the last five years, reflecting its resilience and adaptability in a dynamic market.
Here is a breakdown of Coal India’s revenue and operating profit for the last five fiscal years:
| Fiscal Year | Revenue from Operation (₹ in Crores) | Profit Before Tax (₹ in Crores) |
| 2022-23 | 1,38,251.91 | 38,000.81 |
| 2021-22 | 1,09,715.42 | 23,616.28 |
| 2020-21 | 90,026.01 | 18,009.24 |
| 2019-20 | 96,080.34 | 24,071.32 |
| 2018-19 | 99,585.61 | 27,126.87 |
In a bid to enhance customer satisfaction and improve the quality of domestically procured coal, the Government, in collaboration with Coal Public Sector Undertakings (PSUs), has implemented a strategic plan. The focus is on quality management, selective mining techniques, and the adoption of blast-free mining methods. Here are some of the key measures adopted:
· Third-Party Sampling: All consumers are subjected to third-party sampling for quality assessment, ensuring transparency and reliability in the assessment of coal supplies.
· Surface Miners in Opencast Mines: Increased use of surface miners in opencast mines allows for blast-free selective mining, leading to better quality and consistently sized coal output.
· Auto Mechanical Samplers (AMS): Installation of more AMS is prioritized wherever applicable and feasible, reducing human intervention in the sampling process.
· Mechanical Coal Handling: First Mile connectivity projects involve the adoption of mechanical coal handling from mines to loading points, streamlining the process and maintaining coal quality.
· Crushed Coal Supply: The installation of mobile crushers/feeder breakers ensures a supply of crushed coal to power sectors with a size of less than 100mm, wherever feasible.
Furthermore, the revenue contribution from coal companies to states, reflected in royalty, District Mineral Foundation (DMF), and National Mineral Exploration Trust (NMET) payments, has been significant.
Notably, Chhattisgarh, Jharkhand, and Odisha have consistently been major beneficiaries of these contributions, showcasing the regional impact of coal mining activities.
