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Updated January 1st, 2024 at 13:19 IST

Domestic coal production likely to cross 1 billion tonnes in 2023-2024: Govt

With the current rate of growth and production, the sector is poised to fulfill the targets set by the government.

Business Desk
Coal stocks at coal-based power plants have shifted from depletion to an accumulation trend in the last 10 days.
Coal stocks at coal-based power plants have shifted from depletion to an accumulation trend in the last 10 days. | Image:Pexels
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Domestic coal production is very likely to cross one billion tonnes in 2023-2024, the Ministry of Coal said on Friday. As per the latest government statistics, coal production touched 664.37 million tonnes during FY 2023-24 up to December 25.

According to the govt data, with 8.39 per cent growth, coal dispatch to the power sector during this period also touched 577.11 million tonnes. With the current rate of growth and production, the sector is poised to fulfill the targets set by the government. With the current growth, India’s coal sector aligns well with the vision of Atmanirbhar Bharat and contributes considerably to the nation's progress towards self-sufficiency and energy security.

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The release added further that because of consistent efforts by the Ministry of Coal in tandem with other ministries also ensured enhanced rake availability for seamless transportation of coal during 2023. “During the year,  the Ministry has ensured adequate availability of quality coal to Thermal Power Plants and other crucial sectors of the economy, giving further fillip to the success saga of India’s economic growth,” a govt release stated. 

The noteworthy achievements of the ministry during 2023 are also marked by several reforms/policy measures centered around further enhancing overall coal production and supply, special focus on environment-friendly Underground Coal production, curtailing import to the very minimum, coal gasification projects, successful commercial coal mine auction and sustainable mining practices.

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Published December 29th, 2023 at 19:22 IST

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