will also address additional coal demand from power sector," Coal Joint Secretary Ashish Upadhyaya said. Moreover, the government also plans to allot 10 mines to CIL in 2019, he said. This would be in addition to 10 mines allotted to the PSU this year. "Our aim is to make all subsidiaries (of CIL) 100 million tonnes plus units in the long term," he said.
Coal India accounts for over 80 percent of domestic coal output. On coal shortage, he said it happened due to the surging demand the power sector had and attempts were made to meet this challenge of increased demand consistently through the year. He said the government was actually able to meet the coal demand, but fuel stocks available at the power houses at times went down to the level of 3-4 days. "And the number of critical power houses had gone up to 33 in the month of May, but gradually it is coming down. Now it is around 10. And the stock available at the power houses has also gone up to approximately 10 days... We hope to improve it further," he said. "Ideally it (coal stock) should be for 21 days, but let's see how demand fluctuates," the senior official said. Over the years, the coal production generally picks up in the third and fourth quarters and this trend was seen in 2018 as well, he added. "So production is going up. If the demand remains stable, then the stock will start picking up," Upadhyaya said. He said the government is committed to make coal available as per the demand in 2019 and the target is for 10 per cent growth rate in the next fiscal. The sector has seen production growth of around 8 per cent in 2018 till date, which is "quite good" in comparison to the trend of past two years, the official said.
On challenges faced in 2018, Upadhyaya said there was also an issue regarding import substitution because of the rising prices of the dollar. "The effort was to supply more and more from the domestic sector and so it had put more pressure on the coal sector to supply from our own resources. So it has been overall a mixed feeling of satisfaction of doing 8 per cent growth," he said.
On achievements of his ministry in 2018, he said a fresh round of captive coal auctions kick-started in October this year after a gap of about 15 months.
"In 2017-18 we didn't get a good response. It (coal auctions) had to be postponed. But in October this year, we started the process of coal mines auction and the response so far has been good. We have been able to get enough interest. Our bid documents have been sold and hopefully we will do better," he said. The government has permitted captive coal block owners to sell 25 per cent of their production in open market and provided some flexibility in coal output.
The coal ministry had in October invited tenders seeking bids for 18 captive coal blocks to non-power plants in Jharkhand, Madhya Pradesh, Maharashtra, West Bengal, Odisha and Chhattisgarh.
Coal India Limited (CIL), the Maharatna coal mining corporate came into being in November 1975. With a modest production of 79 Million Tonnes (MTs) at the year of its inception CIL today is the single largest coal producer in the world. Operating through 82 mining areas CIL is an apex body with seven wholly-owned coal producing subsidiaries and one mine planning and consultancy company spread over eight states. CIL also manages 200 other establishments like workshops, hospitals etc. Further, it also owns 26 technical & management training institutes and 102 Vocational Training Institutes Centres. Indian Institute of Coal Management (IICM) as a state-of-the-art Management Training ‘Centre of Excellence’ – the largest Corporate Training Institute in India - operates under CIL and conducts multi-disciplinary management development programmes.