{"id":3197,"date":"2020-01-10T12:00:04","date_gmt":"2020-01-10T12:00:04","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2020\/01\/10\/coal-india-resources-get-a-boost-of-8-3-bt-after-centres-allocation-of-16-blocks\/"},"modified":"2020-01-10T12:00:04","modified_gmt":"2020-01-10T12:00:04","slug":"coal-india-resources-get-a-boost-of-8-3-bt-after-centres-allocation-of-16-blocks","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2020\/01\/10\/coal-india-resources-get-a-boost-of-8-3-bt-after-centres-allocation-of-16-blocks\/","title":{"rendered":"Coal India resources get a boost of 8.3 BT after Centre\u2019s allocation of 16 blocks"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-1818424 size-full\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2020\/01\/cats-687.jpg\" alt=\"Coal India resources,\u00a0coal resource,\u00a0Maharatna PSU,\u00a0coal production,\u00a0coal mining,\u00a0Coal imports\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/cats-687.jpg 660w, https:\/\/images.financialexpress.com\/2020\/01\/cats-687-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/01\/cats-687-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/01\/cats-687-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"wp-image-1818424 size-full\" src=\"https:\/\/images.financialexpress.com\/2020\/01\/cats-687.jpg\" alt=\"Coal India resources,\u00a0coal resource,\u00a0Maharatna PSU,\u00a0coal production,\u00a0coal mining,\u00a0Coal imports\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/cats-687.jpg 660w, https:\/\/images.financialexpress.com\/2020\/01\/cats-687-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/01\/cats-687-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/01\/cats-687-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">The country\u2019s coal requirement is huge and is increasing with the thrust on capacity addition in power sector.<\/span><\/figure>\n<\/div>\n<p>Mining monolith <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/coal-india-ltd-stock-price\/\" rel=\"noopener noreferrer\">Coal India<\/a> Ltd (<a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/coal-india-ltd-stock-price\/\" rel=\"noopener noreferrer\">CIL<\/a>) on Thursday said its resources had received a boost of 8.3 billion tonne (BT) after the Centre\u2019s latest allocation of 16 coal block to the Maharatna PSU. The resource capacity of CIL took a leap to over 172 BT from 164 BT after the allocation of new blocks. This has increased CIL\u2019s resources to about 54% of the country\u2019s entire coal resource.<\/p>\n<p>At the current rate of coal production and even after taking into account the projected growth in the ensuing years, the present coal resources under CIL\u2019s fold will enable it to meet the expanding coal demand of the country to a considerable extent.<\/p>\n<p>The country\u2019s coal requirement is huge and is increasing with the thrust on capacity addition in power sector. Evidently, the domestic demand for coal is far outstripping the rate of indigenous production. Coal India alone, despite its best efforts, may not be able to meet the burgeoning coal demand.<\/p>\n<p>If commercial miners step in to fill this gap by increasing domestic coal production it would be a welcome step, CIL chairman and managing director Anil Kumar Jha told FE. Coal imports were at 235 million tonne during FY19. The point is to become self-reliant in meeting demand internally and reduce the import dependency.<\/p>\n<p>\u201cNotwithstanding, the entry of private miners in commercial coal mining, CIL is confident of staying ahead of the competition with a strong resource base, core expertise of operations, updated mechanisation and multi-disciplinary work force,\u201d a CIL official said.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n<div class=\"jobbi-after-content-jh-placement jobbi-entity-placement\" id=\"jobbi-252958115\"><div id=\"jobbi-1044028537\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5862940809620110\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-5862940809620110\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] The country\u2019s coal requirement is huge and is increasing with the thrust on capacity addition in power sector. Mining monolith Coal India Ltd (CIL) on Thursday said its resources had received a boost of 8.3 billion tonne (BT) after the Centre\u2019s latest allocation of 16 coal block to the Maharatna PSU. The resource capacity [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":3198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-3197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/3197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=3197"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/3197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/3198"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=3197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=3197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=3197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}