Coal India's Strategic Move into Lithium Mining

State-owned Coal India Limited (CIL) is making headlines with its ambitious plan to acquire lithium blocks in Argentina and explore critical mineral opportunities in Australia. This strategic move is aimed at bolstering clean energy technologies, including the production of batteries for electric vehicles and wind turbines.

Assuring Coal Supply and Production Targets

Amid concerns over coal supply, CIL's Chairman P.M. Prasad has reassured that there will be no shortages this year, with coal stocks at pitheads standing at 106 million tonnes. The company is targeting a production of 875 million tonnes of coal in the current financial year, with a dispatch goal of 900 MT for FY26.

Financial Adjustments for Future Growth

In a recent board meeting, CIL approved a Rs 10 per tonne price hike for both coking and non-coking coal, effective April 16. This adjustment is designed to support the Coal Mines Pension Scheme-1998 corpus, with minimal impact on the company's profitability.