The Ministry of Coal in India has achieved a substantial surge in coal production, marking a significant milestone in the country’s energy sector. In the first quarter of FY 2023-24, the overall coal production witnessed an impressive growth of 8.40%, reaching 222.93 million tonnes (MT) compared to 205.65 MT in the same period of FY 2022-23. These accomplishments, led by Coal India Limited (CIL) and other entities, have contributed to driving the positive trajectory of India’s energy sector.
Coal India Limited (CIL) Reports Noteworthy Growth:
Coal India Limited (CIL), the leading coal production company, has recorded a commendable growth of 9.85% in coal production for FY 2023-24. The production volume reached 175.35 MT, surpassing the previous year’s figure of 159.63 MT during the same period. This remarkable growth highlights CIL’s commitment to meeting the nation’s energy demands and contributing to India’s economic development.
Growth in Captive Mines and Other Entities:
Apart from Coal India Limited, captive mines, and other entities have also witnessed a growth of 4.74% in coal production during FY 2023-24. The production volume reached 30.48 MT, compared to 29.10 MT in FY 2022-23, demonstrating the collective efforts to enhance coal production across various sectors. This growth signifies the role of diverse entities in contributing to India’s energy security and economic growth.
Positive Trends in Coal Dispatch:
The cumulative coal dispatch has shown an upward trend, further reinforcing the positive developments in the sector. In the first quarter of FY 2023-24, the coal dispatch reached 239.69 MT (provisional), marking a growth of 6.97% compared to 224.08 MT in the same period of FY 2022-23. Coal India Limited (CIL) alone registered a production volume of 186.21 MT, exhibiting a growth of 5.32%. Other entities such as SCCL and captive/others reported significant growth rates of 4.45% and 18.16% respectively.
Remarkable Growth in Coal Stock:
Efficient coal supply chain management has resulted in a remarkable growth in coal stock. As of 30th June 2023, the total coal stock stood at 107.15 MT (provisional), reflecting a growth of 37.62% compared to 77.86 MT on the same date in 2022. This growth ensures a comfortable coal stock position, meeting the rising demand for coal in the country.
Commitment towards Energy Security and Economic Growth:
The sustained efforts of the Ministry of Coal to enhance coal production and ensure seamless dispatch underline India’s commitment to meet its energy demands and foster continued economic growth. These positive developments position the nation favorably in the energy sector, reinforcing the commitment towards providing an uninterrupted power supply and paving the way for an Aatmanirbhar Bharat (self-reliant India).
