For last three months June, July and August, coal production could not meet its target. The production volume declined significantly from 38.83 MT in June 15 to 34.83 in July 15 to recover moderately to touch a production level of 36.21MT. Actual offtake of coal declined continuously for three consecutive months and could not reach its target level for the same period. The decline in offtake reflects the decline in industrial activity as a whole in this period.
Indian Government asserts that the Government will be able to more than double coal production in next five years which translates to an output of 1 billion tones coal production per annum. India will produce 1.5 billion tones of coal by end of this decade as per projection. However increase in coal production must come with increase in industrial activity to make the optimum usage of this coal.In next two to three years, it is likely Indian coal demand growth will exceed the expansion in domestic output, meaning a growing gap that needs to be met by imports.
Policy level Changes:
Skill Development Centre on anvil at Western Coalfields Ltd in Madhya Pradesh
To enhance skill set of rural youths and project affected people (pap), the foundation stone was laid at Western Coalfields by Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal and New & Renewable Energy. It is expected to boost the self employment scenario as well. A record amount (1851 Ha)land was acquired with a compensation of Rs 445 crore by WCL in last ten months.