comScore
Active Stocks
Mon Sep 25 2023 15:59:39
  1. Tata Steel share price
  2. 127.35 0.51%
  1. Tata Motors share price
  2. 618.6 -0.4%
  1. NTPC share price
  2. 239.6 0.69%
  1. Wipro share price
  2. 414.05 -1.1%
  1. Infosys share price
  2. 1,474.75 -1.42%
Business News/ Industry / Energy/  India's coal production soars 23% in 5 years
Back

New Delhi: India's domestic coal production surged by around 23% over the past five years, reaching 893.08 million tonne in the 2022-23 fiscal year, according to the Ministry of Coal. This noteworthy growth has been driven by state-owned mining companies Coal India Limited (CIL) and SCCL, as well as captive and other mines.

Coal India has seen production increase by 15.9% over the same period, while SCCL has shown a production growth of 4.3%.

With an ambitious annual coal production target of 1,012 million tonne set for the 2023-2024 fiscal year, the Ministry of Coal is implementing a range of measures to bolster domestic production, enhance self-reliance, and ensure sufficient coal stocks at thermal power plants. Emphasizing environmental protection and sustainability, the Ministry is also actively promoting responsible development in the coal sector.

In addition to these efforts, the Ministry of Coal is working towards the elimination of road transportation in mines and upgrading mechanized coal transportation and loading systems through "First Mile Connectivity" projects. 

India's increased domestic coal production serves as a crucial development for the nation's energy security and self-reliance, with the government's ongoing commitment to sustainable growth and environmental protection remaining vital to the sector's long-term success.

 

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 03 May 2023, 04:40 PM IST
Next Story
Recommended For You
Switch to the Mint app for fast and personalized news - Get App