Bharat Coking Coal Limited (BCCL) Expansion Plans: Targeting 100 Million Tonnes by 2030

BCCL expansion plans 100 million tonnes
WhatsApp Group Join Now
Telegram Group Join Now
📷 Instagram Group Follow me

BCCL expansion plans 100 million tonnes

Bharat Coking Coal Limited (BCCL) Expansion Plans: Targeting 100 Million Tonnes by 2030

Bharat Coking Coal Limited (BCCL), a wholly-owned subsidiary of the state-run Coal India, has set an ambitious target to significantly boost its coal production and revenue by the financial year 2029-30. With plans to ramp up production from 41.1 million tonnes in FY24 to 100 million tonnes by FY30, BCCL aims to drive its revenue to ₹40,000 crore through increased coal sales and diversification into new energy sources.

BCCL expansion plans 100 million tonnes
BCCL expansion plans 100 million tonnes

Current Production and Future Goals

BCCL’s production in the financial year 2023-24 stood at 41.1 million tonnes of raw coal. For the current financial year, the company has set a target of producing around 45 million tonnes. By 2029-30, the goal is to achieve an impressive 100 million tonnes of coal production. Chairman and Managing Director Samiran Dutta emphasized the company’s commitment to developing large coal blocks to meet these targets.

Financial Targets and Investments

In FY24, BCCL’s net sales were recorded at ₹13,216.17 crore. By FY30, the company aims to increase its revenue to around ₹40,000 crore. To support this growth, BCCL plans to invest approximately ₹3,000 crore over the next few years. These investments will be channeled into enhancing production capacity and diversifying into new business areas.

BCCL expansion plans 100 million tonnes
BCCL expansion plans 100 million tonnes

Washed Coal Production

BCCL produced around 1.5 million tonnes of washed coal in FY24. The company is aiming to increase this to 2.5 million tonnes in FY25. Washed coal, which is primarily coking coal, constitutes a significant portion of BCCL’s production. The focus on increasing washed coal production is part of the broader strategy to enhance the quality and value of its coal output.

Diversification into New Energy Sources

In addition to boosting coal production, BCCL is diversifying its portfolio to include coal bed methane (CBM) and solar power generation. The Jharia CBM Block-1 is currently under development, with an estimated gas reserve of 26 billion cubic meters expected to be extracted over the next 25 years. Moreover, BCCL is installing around 45 MW of ground-mounted solar projects, signaling its commitment to sustainable energy initiatives.

BCCL expansion plans 100 million tonnes
BCCL expansion plans 100 million tonnes

Asset Monetisation and Private Sector Participation

BCCL is also implementing an asset monetisation strategy, seeking private sector participation in developing coal washeries. Four coal washeries, with a total capacity of around 7.1 million tonnes, are under the process of monetisation. Private players will source coal from BCCL and lease land for operations, ai

BCCL expansion plans 100 million tonnes
BCCL expansion plans 100 million tonnes

ming to leverage private sector efficiency to increase washed coal production.

Dividend Declaration

For the first time in its history, BCCL has declared a dividend of ₹44.43 crore for FY24. This move underscores the company’s strong financial performance and its commitment to delivering value to its stakeholders.

 

Conclusion

BCCL’s ambitious plans to ramp up coal production, diversify into new energy sources, and invite private sector participation are set to transform the company’s operational and financial landscape. By FY30, with a target of producing 100 million tonnes of coal and achieving ₹40,000 crore in revenue, BCCL is poised to play a pivotal role in India’s energy sector.

FAQs

1.What is BCCL’s target for coal production by FY30?

A. BCCL aims to increase its coal production to 100 million tonnes by FY30.

2.How much revenue does BCCL aim to generate by FY30?

A. BCCL is targeting a revenue of ₹40,000 crore by FY30.

3.What was BCCL’s coal production in FY24?

A. BCCL produced 41.1 million tonnes of raw coal in FY24.

4.What is BCCL’s target for washed coal production in FY25?

A. The company aims to produce 2.5 million tonnes of washed coal in FY25.

5.What are BCCL’s diversification initiatives?

A. BCCL is diversifying into coal bed methane (CBM) and solar power generation.

6.What is the estimated gas reserve of Jharia CBM Block-1?

A. Jharia CBM Block-1 has an estimated gas reserve of 26 billion cubic meters.

7.How much is BCCL investing by FY30?

A. BCCL plans to invest around ₹3,000 crore by FY30.

8.What is BCCL’s asset monetisation strategy?

A. BCCL is inviting private sector participation to develop coal washeries and increase washed coal production.

9.How much dividend did BCCL declare for FY24?

A. BCCL declared a dividend of ₹44.43 crore for FY24.

10.What are BCCL’s plans for solar power generation?

A. BCCL is installing around 45 MW of ground-mounted solar projects.

BCCL expansion plans 100 million tonnes

Tata Curvv ICE Launch Expected in Mid-September: What We Know

2 comments

Post Comment