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

Khalistani Terrorist Annihilated In Piliphit Encouter: Punjab DGP

Punjab DGP Gaurav Yadav confirmed on Monday that those annihilated were operatives of Khalistan Zindabad…

11 mins ago

BJP Releases ‘Aarop Patra’ Against Kejriwal Government; Accuses AAP Of Corruption & Mismanagement

The Bharatiya Janata Party (BJP) released an 'Aarop Patra' against Aam Aadmi Party (AAP) Chief…

11 mins ago

Delhi High Court Issues Notice To Saket Gokhale In Defamation Case Filed By Lakshmi Puri

Delhi High Court has issued a notice to Trinamool Congress Rajya Sabha MP Saket Gokhale…

22 mins ago

Three Shot Dead In Morni Hills; Police Suspect Rivalry Behind Panchkula Triple Murder

A chilling triple murder unfolded in Morni Hills of Panchkula, three Delhi residents, including a…

41 mins ago

ED Registers Money Laundering Case In 52 kg Gold Seizure Incident

ED officially entered the investigation into the high-profile case involving the seizure of 52 kilograms…

1 hour ago

PM Modi Emphasizes Youth Empowerment & Education Reforms During Appointment Letter Distribution

Prime Minister Narendra Modi on Monday reiterated the importance of nurturing the potential of India's…

1 hour ago