Union Minister for Coa Pralhad Joshi on Monday (1 November) urged Coal India Ltd (CIL) and its subsidiaries to make all out efforts to ensure at least 18 days’ coal stock with thermal power plants by November end.

Addressing the 47th foundation day function of CIL virtually, Joshi called upon CIL to attain one billion tonne production by the end of 2024.

He directed the CMDs of coal PSUs to formulate revised targets and detailed strategy to attain this goal, the Coal Ministry said in a statement.

The minister pointed out that international coal prices has increased more than three times recently which resulted in 38 per cent decrease in coal imports to India. At the same time, electricity demand has gone upby more than 24 percent indicative of robust economic growth.

Complimenting the dedicated man power of CIL, Joshi recalled his recent visits to coal mines in different parts of the country. He said that even during lockdown days due to Covid-19, coal warriors worked round the clock to ensure the energy security of the nation.

Minister of State for Coal, Raosaheb Patil Danve, who also addressed the foundation day and award ceremony virtually, underlined the need to make use of the huge coal deposits available in the country.

The minister congratulated CIL for the recent excellent performance and the efforts put in during Covid-19 pandemic especially in the social responsibility sector.