India Achieves 47% Growth In Coal Production In Last 9 Years

In the last nine years, India’s overall coal production has gone up by 47 per cent to 893.08 million tonne (MT) and supply has touched 877.74 million tonne, recording 45.37 per cent growth.

The Ministry of Coal in a statement said that the major leap in coal production of 893.08 MT in FY 2023 is the highest in the history of the country.

At the same time, as per the recently finalised action plan for 2023-24 by the ministry, the coal production target for the financial year 2023-24 is 1012 MT by enhancing overall production, efficiency, sustainability and adopting new technologies.

During FY 2022-23, the ministry signed agreements for a total of 23 coal mines having cumulative peak rated capacity (PRC) of 33.224 MT per annum. 

“Considering the good response received for the sixth round of commercial auctions, it is expected that 25 coal mines will be allocated during FY 2023-24 for commercial mining,” it added.

‘Mission Coking Coal’ has been launched by the government in August 2021, to come up with a roadmap that would suggest ways to augment the production and utilisation of domestic coking coal in India by 2030.