India’s coal production hits 100 million tonnes, achieves 33% year-on-year growth

Coal India’s production rises India’s coal production from captive and commercial mines has surpassed 100 million tonnes (MT) in the current fiscal year (as of November 8), marking a 33% increase compared to the same period last year, the government announced on Saturday. This achievement comes nearly 100 days earlier than the previous fiscal year, […] The post India’s coal production hits 100 million tonnes, achieves 33% year-on-year growth appeared first on PGurus.

Nov 10, 2024 - 07:23
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India’s coal production hits 100 million tonnes, achieves 33% year-on-year growth
Production from captive and commercial coal mines between Apr 1 - Nov 8, 2024, stood at 100.08 MT, compared to 75.05 MT during the same period in FY 2023-24

Coal India’s production rises

India’s coal production from captive and commercial mines has surpassed 100 million tonnes (MT) in the current fiscal year (as of November 8), marking a 33% increase compared to the same period last year, the government announced on Saturday. This achievement comes nearly 100 days earlier than the previous fiscal year, when the milestone was reached in January 2024, underscoring the nation’s progress towards its vision of a Viksit (developed) and Atmanirbhar Bharat (self-reliant India).

According to a statement from the Ministry of Coal, the production from captive and commercial coal mines between April 1 and November 8, 2024, stood at 100.08 MT, compared to 75.05 MT during the same period in FY 2023-24, reflecting a significant year-on-year growth of 33%. Similarly, coal dispatches from these mines also saw a substantial increase, reaching 107.81 MT in the same period, up from 80.23 MT last year—an improvement of 34%.

The increase in production and dispatch is attributed to ongoing reforms in India’s coal sector, which have steadily boosted the contribution of captive and commercial coal mines to the country’s overall coal output. The Ministry of Coal noted that the share of these mines in India’s total coal production has been growing, signaling progress towards the nation’s energy self-sufficiency.

The ministry expressed confidence that India would exceed its target of 170 million tonnes from captive and commercial coal blocks in the 2024-25 fiscal year. “This achievement demonstrates India’s growing capabilities in the coal sector and is a significant step towards energy independence and economic growth, aligning perfectly with the government’s goals for Viksit Bharat 2047,” the statement read.

In addition to the year-on-year growth, India’s coal production also saw a notable rise in October 2024. The country produced 84.45 MT of coal in October, surpassing the 78.57 MT produced in the same month last year, reflecting a growth rate of 7.48%. Coal production from captive and other entities also surged, reaching 16.59 MT in October, up from 11.70 MT during the same period in 2023, a growth of 41.75%, according to the latest Ministry of Coal data.

This strong performance highlights India’s continued progress in meeting its energy demands and supporting its economic growth, as the nation moves closer to its goal of energy independence.

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The post India’s coal production hits 100 million tonnes, achieves 33% year-on-year growth appeared first on PGurus.

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