Coal India's Big Dig: 32 Mines Revived, New Projects Launched

Coal India Ltd. (CIL) plans to revive 32 previously closed mines and launch up to five new greenfield projects in the current financial year, as part of efforts to bridge India’s growing energy demand. Chairman and Managing Director PM Prasad stated that mines once deemed unviable due to outdated methods will be reopened through revenue-sharing partnerships with private firms.

This initiative aligns with the Coal Ministry’s December 2024 policy aimed at reactivating closed mines and reducing dependence on coal imports. Of the 32 targeted mines, tenders have been awarded for 27, and five are under review. At least six are expected to restart production in FY26.

India consumed approximately 40.5 exajoules of energy in 2023, with 49 percent used by industry. Coal remains the dominant source for electricity, contributing 74 percent of the power mix in 2024. However, its share is projected to decline to 55 percent by 2030 and 27 percent by 2047, reflecting a gradual energy transition.

CIL currently operates 310 mines and supplies 75 percent of the country’s coal. The company targets annual production growth of 6–7 percent, aiming to scale output to 1.5 billion tonnes by 2030.

News by Rahul Yelligetti.