India’s state-owned company Coal India Limited (CIL) has released its 2024–2025 annual report, recording its highest-ever coal production at approximately 781.06 Mt in FY24–25, up from 773.65 Mt in the previous fiscal year. CIL aims to reach 1 Gt of annual production by FY28–29 and currently accounts for around 75% of India’s total coal output.
Despite a slight decline in profit, CIL maintained strong financial performance, reporting a profit after tax of INR35,302 crore (US$4bn) (down 5% year-on-year) and revenue from operations of INR143,369 crore (US$16.3bn) (down 1% YoY).
Coal remains central to India’s energy mix, with coal-fired power accounting for 50% of the country’s installed capcity and 70% of total power generation in 2024—twice the global average. As of 2024, India has an ambitious target of 50% of non-fossil fuel capacity in 2030 and has pledged to reach carbon-neutrality by 2070.