Today, the Ministry of Coal unveiled a significant upswing in coal production and dispatch from captive and commercial mines during the ongoing fiscal year, showcasing notable growth and increased efficiency in the sector.
According to a statement from the Ministry of Coal, spanning from April 1, 2023, to February 29, 2024, the sector witnessed a remarkable surge, with coal production hitting 126.80 million metric tonnes (MT) and dispatch reaching 128.88 MT. This marks a substantial increase of 27.06 percent and 29.14 percent, respectively, compared to the corresponding period in the previous fiscal year.
As of February 29, 2024, the coal sector boasted a total of 54 producing mines, with 35 allocated to the Power sector, 11 to the Non-Regulated Sector, and 8 for Sale of Coal. Furthermore, the successful auctioning of 91 mines under Commercial Coal Auctions, with 7 already in production, highlights the government’s commitment to enhancing coal production and reducing import dependency, noted the press release.
In February 2024 alone, coal production and dispatch surged impressively, with 14.85 MT and 12.95 MT, respectively, representing a notable increase of 37 percent and 33 percent compared to the same period in the previous fiscal year. The average daily coal production and dispatch rate stood at 5.12 million metric tonnes (MT) and 4.46 MT per day, respectively, demonstrating consistent performance and operational efficiency.
This substantial growth in coal production and dispatch underscores the Ministry of Coal’s steadfast dedication to ensuring India’s energy security and promoting self-reliance, as stated in the press release. By reducing reliance on imported coal and bolstering domestic production, the government aims to support the ‘Make in India’ campaign and drive economic growth.
The Ministry attributes this success to strategic policy reforms and the unwavering commitment of mine allottees. Looking ahead, the Ministry remains focused on sustaining this growth trajectory and further enhancing infrastructure to meet the nation’s rising energy demands.
This surge in coal production represents a significant step towards achieving India’s energy goals and reinforcing its position as a self-sufficient energy powerhouse on the global stage.