Updated January 8th, 2024 at 19:56 IST
Coal production to touch 187 MT in FY25
Coal ministry reported a substantial 38 per cent increase in total coal production from captive and commercial mines.
Foreseeable rise in coal: The government announced projections for coal production from captive and commercial blocks, foreseeing a rise to 186.63 million metric tonnes (MT) in the upcoming fiscal year. This trajectory anticipates a further surge to 225.69 MT by FY26, followed by an ambitious target of 383.56 million MT by FY 2029–30, as per the coal ministry's statement.
In the immediate fiscal year of 2024–25, the government expects coal production from these mines to reach 186.63 MT, signalling a steady upward trend, the ministry highlighted.
Highlighting the recent trends, the coal ministry reported a substantial 38 per cent increase in total coal production from captive and commercial mines in December 2023. The production surged to 14.04 MT from 10.14 MT in the corresponding period of the previous year.
Currently, operational data reveals the existence of 50 captive and commercial coal mines actively contributing to the sector.
Elaborating on the cumulative coal output from April 1 to December 31, 2023, the ministry disclosed a substantial production of 98 MT from captive and commercial coal mines, underscoring the consistent efforts to meet burgeoning energy demands.
The significant shift in coal sector began in 2020, when Prime Minister Narendra Modi initiated the auction process for 41 coal blocks, facilitating commercial mining by private players. This pivotal move signalled a monumental transformation, opening up the coal sector for private participation and diversification in the country's energy landscape.
(with PTI inputs)
Published January 8th, 2024 at 19:56 IST