Coal India’s H1 FY25 contribution to government exchequer stood at Rs 28,930 cr

New Delhi: State-owned Coal India Ltd's contribution to the government exchequer decreased slightly by 0.6% to Rs 28,930.27 crore in the first half of the current fiscal year compared to the previous year.

Coal India Ltd (CIL), which accounts for over 80 percent of the domestic coal output, paid Rs 29,122.13 crore to the government exchequer in the April-September period of FY24, according to provisional figures of the coal ministry. Total levies paid to the government in September also dropped by 11.1 percent to Rs 4,335.24 crore from Rs 4,878.84 crore paid in the corresponding month of FY24.

Of the total Rs 28,930.27 crore paid to the government exchequer in April-September FY25, maximum amount of Rs 6,452.30 crore went to the Jharkhand government, followed by Rs 6,383.14 crore to the Odisha government, Rs 5,432.02 crore to Chhattisgarh, Rs 5,177.41 crore to Madhya Pradesh, and Rs 2,782.25 crore to Maharashtra, among others.

The coal-producing states earned the revenue from royalties, the District Mineral Foundation (DMF), and the National Mineral Exploration Trust (NMET), among others. The government had earlier said that coal-producing states earned a revenue of Rs 1.52 lakh crore in the last nine years from royalty, DMF, and NMET.

The coal mining sector has proved to be a big booster for the economic growth of the states that produce the fossil fuel. The PSU's coal output in the April-September period of the current fiscal year increased 2.5 percent to 341.5 MT, over 332.9 MT in the year-ago period.

Coal India's production rose 10 percent to 773.6 million tonnes in 2023-24 but fell short of its production target of 780 MT for the fiscal year. The company's output was 703.2 MT in the preceding 2022-23 fiscal year.