July 04: The Ministry of Coal has achieved a substantial surge in overall coal production with a growth of 8.40% in Q1 of FY 2023-24. The cumulative coal production has witnessed a significant increase, reaching 222.93 million tonnes (MT) as compared to 205.65 MT in Q1 of FY 2022-23.
Coal India Limited (CIL) has recorded an impressive growth of 9.85%, with production reaching 175.35MT in FY 2023-24 as compared to 159.63 MT during the same period the previous year. Captive mines /others also attained a growth of 4.74 % touching 30.48 MT in FY 23-24 as compared to 29.10 MT in FY 22-23 during the same period. These accomplishments have contributed to the overall positive momentum in the sector.
Simultaneously, cumulative coal dispatch has shown an upward trend, reaching 239.69 MT (Provisional) in Q1 of FY 2023-24, as compared to 224.08 MT in Q1 of FY 2022-23 with a growth of 6.97%. Coal India Limited (CIL) registered 186.21 MT production in Q1 of FY 2023-24 as compared to 176.81 MT in Q1 of FY 2022-23 with a growth of 5.32%. At the same time, SCCL, & captive/others have recorded 18.07 MT and 35.41 MT in Q1 of FY 2023-24 as compared to 17.30 MT and 29.97 MT in Q1 of FY 2022-23, with a growth of 4.45% and 18.16% respectively. These figures highlight the efficiency of the coal supply chain in ensuring smooth distribution across the country.
Furthermore, the upturn in offtake has resulted in a comfortable coal stock position. The total coal stock as of 30th June 2023 has recorded remarkable growth reaching 107.15 MT (provisional) as compared to 77.86 MT as on 30th June 2022, reflecting a growth of 37.62%. This growth indicates the continued efforts to meet the rising demand for coal.
The sustained efforts of the Ministry of Coal towards enhancing coal production and ensuring seamless dispatch underscores India’s persistence in meeting its energy demands and fostering continuous economic growth. This positive developments position the nation favourably and contribute to driving the positive trajectory of the country’s energy sector, reinforcing the commitment towards providing uninterrupted power supply and paving the way for Aatmanirbhar Bharat.Disclaimer: We donot claim that the images used as part of the news published are always owned by us. From time to time, we use images sourced as part of news or any related images or representations. Kindly take a look at our image usage policy on how we select the image that are used as part of the news.