India coal manufacturing rises 8.4% to 223 million tonne in April-June

New Delhi: India’s coal manufacturing grew 8.4% in the course of the first quarter of the fiscal 12 months 2023-24 to 222.93 million tonne (MT), the Ministry of Coal stated in an announcement on Monday.

In accordance with the info launched by the ministry, the nation’s coal manufacturing stood at 205.65 MT throughout the identical interval within the earlier fiscal 12 months.

“Coal India Restricted (CIL) has recorded a powerful progress of 9.85%, with manufacturing reaching 175.35MT in FY 2023-24 as in comparison with 159.63 MT throughout the identical interval the earlier 12 months. Captive mines /others additionally noticed a progress of 4.74 % touching 30.48 MT in FY 23-24 as in comparison with 29.10 MT in FY 22-23 throughout the identical interval,” the ministry stated.

These accomplishments have contributed to the general constructive momentum within the sector, it added.

The surge in coal manufacturing has not solely boosted general manufacturing but in addition positively impacted coal dispatches throughout the nation. Cumulative coal dispatches throughout Q1 of FY 2023-24 reached 239.69 MT (Provisional), showcasing a progress charge of 6.97% in comparison with 224.08 MT dispatched in Q1 of FY 2022-23. CIL performed a vital function in assembly the rising demand for coal, with dispatches reaching 186.21 MT in Q1 of FY 2023-24, a progress charge of 5.32% from the 176.81 MT dispatched throughout the identical interval within the earlier 12 months.

Moreover, Singareni Collieries Firm Restricted (SCCL) and captive mines/others recorded dispatch figures of 18.07 MT and 35.41 MT respectively in Q1 of FY 2023-24, reflecting progress charges of 4.45% and 18.16% as in comparison with the corresponding interval in FY 2022-23.

Moreover, the upturn in offtake has resulted in a snug coal inventory place. The entire coal inventory as on 30 June 2023 has recorded outstanding progress reaching at 107.15 MT (provisional) as in comparison with 77.86 MT as on 30 June 2022, reflecting a progress of 37.62%. This progress signifies the continued efforts to fulfill rising demand of coal.

The sustained efforts of the ministry of coal in the direction of enhancing coal manufacturing and guaranteeing seamless dispatch underscores India’s persistence in assembly its power calls for and fostering steady financial progress.

These constructive developments place the nation favourably and contribute to driving the constructive trajectory of the nation’s power sector, reinforcing the dedication in the direction of offering uninterrupted energy provide and paving the way in which for Aatmanirbhar Bharat, it added.

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Up to date: 03 Jul 2023, 04:30 PM IST