Govt. tells CIL to benchmark against global standards

Govt. tells CIL to benchmark against global standards

Maharatna PSU Coal India Ltd has been asked by its parent ministry to benchmark its activities against international standards in respect of parameters such as quality, grades, cost of production, productivity and environmental issues.

“We have been asked to benchmark ourselves,” A. K. Jha, chairman and managing director, CIL said, adding that the Central Mine Planning and Design Institute Ltd. (CMPDIL) had been asked to assess CIL’s present status on these parameters.

He said that the CIL was targeting to produce 630 million tonnes of coal in 2018-19 and 1,000 million tonnes by 2024-25. It produced 567 million tonnes in 2017-18, accounting for 84 % of India’s total output.

‘Lagging global norms’

Mr. Jha admitted that CIL may be lagging international norms in most respects. “The geo-political situation differs...benchmarking in coal mining is not the same like manufacturing of other goods... but once we know where we stand, we can certainly try to improve our performance,” he said, adding that the CMPDIL study was necessary to pinpoint these areas.

CIL’s output rose 14.1% to 177.4 million tonnes between April and July 2018 with evacuation to the power sector increasing by 12.1 %.

A CIL statement attributed this to “close coordination of efforts between the Ministry of Coal, Railways and CIL.” Its July output stood at 40.6 million tonnes while the offtake was 48.2 million tonnes.

In its report, Edelweiss Securities said it was upbeat on CIL recording 8%-plus shipments growth in July as it comes over a reasonably high base of 6.9 % growth of July 2017 YoY. With demand from both power and non-power sectors looking good, the firm felt that CIL might beat fiscal 2019 shipments estimate of 621million tonnes.

The Hindu, Google pics