Coal production surges 16%; touches 698 mn tonnes for April-Jan period of current fiscal

An increase in domestic coal production has helped the country curb imports to a large extent in the face of the sharp increase in coal demand

PGurus Newsdesk

February 24, 2023

An increase in domestic coal production has helped the country curb imports to a large extent in the face of the sharp increase in coal demand

The Coal Ministry fixes the target of 1.31 billion tonnes for 2024-25

India’s coal production grew by 16 percent touching 698 million tonnes during the April-January period of the current fiscal, against 601 million tonnes of production recorded during the corresponding period of last year.

The increase in domestic coal production has helped the country curb imports to a large extent in the face of the sharp increase in coal demand due to the continuous rise in power consumption.

According to coal ministry sources, during the period mentioned above, Coal India Limited‘s (CIL) production rose by 15.23 percent to 550.93 million tonnes against 478.12 million tonnes recorded during the corresponding period of last year.

The coal ministry has fixed a target of 1.31 billion tonnes for 2024-25, which it expects to reach 1.5 billion tonnes by 2029-30.

The ministry has been actively engaging with various state governments and central government agencies for starting new coal mines and enhancing coal production in the currently operational mines.

As a result, production from captive and commercial coal mines increased to 93.22 million tonnes during the April-January period of 22-23 from 71.31 million tonnes in the same period of 2021-22, showing a growth of more than 30 percent.

[With Inputs from IANS]

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