Business

India’s Coal Production Grows 7.10% In a Year

In May, domestic coal production increased 7.10% year over year to 76.26 million tonnes (MT). According to a statement from the coal ministry, India produced 71.21 MT of coal in the same month in 2022. It further said that the Ministry of Coal has obtained a commendable achievement with a substantial increase in the overall production of coal during May 23. It surpassed the production of coal on May 22 which was 71.21 MT and reached 76.26 MT.

Speaking of overall coal production in April-May, it jumped from 138.41 MT to 149.41 MT in the time span of one year. In the previous month, Coal India Ltd produced 59.94 MT of coal, 149.41 MT in the year-ago period.

Coal dispatch increased last month by 5.70% to 82.22 MT from 77.79 MT in May 2022 owing to improved first-mile connectivity infrastructure. First-mile connectivity describes the movement of coal from mines to distribution centres. The total coal dispatch for April and May of FY24 was 162.44 MT, up from 149.76 MT at the same time last year.

Also Read: Morgan Stanley’s Transformation Report About India: “India has transformed in less than a decade”

According to the ministry, the increase in offtake has left a comfortable coal stock position, ensuring a steady supply of coal at pithead stocks at CIL, SCCL, the stock at TPP(DCB), etc. The total coal stock increased by 35.48% to 112.41 MT on May 31, 2023, from 82.97 MT on May 31, 2022.

The coal stock position has strengthened the nation’s ability to handle unanticipated energy demand changes, ensuring that the country’s energy needs will be met. Due to the initiative taken by the ministry to improve rail connectivity infrastructure under PM Gati Shakti, the availability of coal rakes for coal transportation has remained consistently good throughout this time.

Also Read: Alexa to Pay Penalty In Alexa And Ring Camera Privacy Breach Lawsuits

Malika Sahni

Recent Posts

Uttar Pradesh Government Approves Major Connectivity Projects During Maha Kumbh

CM Yogi Adityanath's government has approved key connectivity projects to boost Uttar Pradesh's infrastructure for…

7 hours ago

Union Home Minister Amit Shah Speaks To CM Fadnavis On Jalgaon Train Tragedy

Several passengers were reportedly killed, and 30-40 others injured when passengers of the Pushpak Express,…

7 hours ago

Prayagraj Transforms Into Spiritual Hub With Iconic Temple Replicas During Maha Kumbh

Under CM Yogi, Prayagraj has become a city of temples, offering pilgrims replicas of India's…

7 hours ago

Yogi Government Approves Transformative Projects During Maha Kumbh Cabinet Meeting

During Maha Kumbh, CM Yogi Adityanath's Cabinet approved transformative projects for Uttar Pradesh's development.

7 hours ago

WEF Davos Summit: Maha Govt Signs MoU With RIL For Rs 3.05 Lakh Cr Investment

The Maharashtra government and Reliance Industries signed a monumental MoU worth ₹3.05 lakh crore at…

8 hours ago

Yogi Cabinet Approves Key Proposals To Boost Development & Employment In Uttar Pradesh

In a Cabinet meeting chaired by CM Yogi Adityanath, the UP govt approved 10 major…

8 hours ago