Coal India’s Coal supply increased by 3.4% to 294.8 million tonnes in the first six months of 2023-24. The company has awarded a Rs 766 crore order to GOCL Corporation for bulk explosives…

The power sector received 294.8 million tons of coal from government-owned Coal India in the first half of 2023-24, up 3.4%. 1.8 MT of coal was supplied during six months, exceeding 293 MT demand. Coal is India’s most abundant fossil fuel, according to the Ministry of Coal’s website. It provides 55% of US energy. In April-September, Coal India supplied 360.7 MT, up from 332 MT.

A BSE filing states that Coal India made a big order with GOCL Corporation for energetics and commercial explosives due to strong demand.

In the Rs 766 crore procurement, 2011 Maharatna Coal India received bulk explosives.

The order takes two years—October 2023–October 2025.

The government-run Coal India Limited produces 80% of India’s coal, the main source of electricity.

The Rs 766 crore Coal India order lifted GOCL Corp shares to a 52-week high Friday. Stock peaked at Rs 622.95. However, Coal India shares closed at Rs 312.30.

Blasting occurs in mines. Additionally, GOCL Corporation makes mining infrastructure.

The Ministry of Coal manages Coal India, India’s largest coal producer. It mines the most coal globally.

Conclusion

India’s government-owned coal producer, Coal India, provided 3.4% more coal to the power sector in the first half of 2023-24. The 293 million tons projected was exceeded by 1.8 million tonnes. Coal, the most abundant fossil fuel, provides 55% of Indian energy. In April-September, Coal India supplied 360.7 million tons, up from 332 million last year. Coal India, a 2011 Maharatna, has contracted with GOCL Corporation for bulk explosives worth Rs 766 crore as demand rises. The order will take two years, October 2023–October 2025. Coal India is the world’s largest coal miner.

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