(Rediff Money)
The payment made by state-owned CIL to the government exchequer dropped by 4.7 per cent to Rs 5,832.69 crore last month over the year-ago period.
Coal India Ltd, which accounts for over 80 per cent of domestic coal production, had paid Rs 6,126.42 crore to the central and state exchequer in March FY24.
The company had paid Rs 60,959.52 crore to the government exchequer in FY25 which was a marginal rise of 1.2 per cent over the previous fiscal.
CIL had made a payment of Rs 60,197.8 crore in FY24, according to provisional data of government.
Of the total Rs 60,959.52 crore paid to the government exchequer in 2024-25, maximum amount of Rs 14,047.44 crore went to Jharkhand, followed by Rs 12,979.20 crore to Odisha, Rs 11,351.84 crore to Madhya Pradesh and Rs 11,303.76 crore to Chhattisgarh.
The coal-producing states earned the revenue from royalty, District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET), among others.
The coal mining sector has proved to be a big booster for the economic growth of the states that produce fossil fuel.
CIL produced 781.1 MT of coal in 2024-25, nearly 7 per cent less than the company’s target for the financial year. The production target for 2024-25 was 838 million tonne (MT).
However, coal production by CIL grew marginally by one per cent in FY25, as compared to the year ago.
The company is aiming to produce 875 million tonne of coal by 2025-26 fiscal year, with an offtake target of 900 million tonne.
