India’s Coal Production Increases To 698 Million Ton With 16 Per Cent Growth
India’s total coal production has recorded an impressive growth of more than 16 per cent with production of 698.25 MT (Million Ton) during the period from April 2022 to January 2023 as compared to 601.97 MT during the same period in previous year.
In this period, Coal India Limited’s (CIL) own production also went up by about 15.23 per cent to 550.93 MT from 478.12 MT.
The Coal Ministry has fixed the target of 1.31 BT (Billion Ton) for FY 25 and the same is to go up to 1.5 BT by FY30.
“The increase in domestic coal production has helped the country curb import to a large extent in face of sharp increase in coal demand arising due to continuous rise in power consumption,” the Ministry of Coal said.
“The Ministry has been actively engaging with various State Government and Central Government agencies both for starting new coal mines and also for increasing coal production in the currently operational mines. As a result of such initiatives, production from captive and commercial coal mines has increased to 93.22 MT in ‘April 2022 to January 2023’ period of FY 22-23 from 71.31 MT in the same period of FY 21-22, showing a growth of more than 30 per cent,” it added.
Also, the coal production has increased from 730.87 MT in 2019-20 to 778.19 MT in 2021-22, achieving a growth of 6.47 per cent.