New Delhi: Coal production by the state-owned Coal India Limited (CIL) has gone up by about 15.23 percent to 550.93 MT from 478.12 MT during April 2022-January 2023, said the statement by the Coal Ministry. “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,” it added.
India’s coal production has increased by 16%
The country’s total coal production has recorded an impressive growth of more than 16 percent with production of 698.25 MT during the period from April 2022 to Janaury 2023 as compared to 601.97 MT during the corresponding period of the previous year, said the Coal Ministry in a statement. “Coal production has increased from 730.87 million tonnes (MT) in 2019-20 to 778.19 MT in 2021-22, achieving a growth of 6.47 percent,” it added.
Coal Ministry has fixed the target of 1.31 BT for FY25
“The Coal Ministry has fixed the target of 1.31 billion tonnes (BT) for FY25 and the same will go up to 1.5 BT by FY30. The Ministry has been actively engaging with various state government and central government agencies for starting new coal mines and 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 Janaury 2023 period from 71.31 MT in same period of FY 21-22, showing a growth of more than 30 percent,” the statement added.
News & Image Source : psuwatch.com
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