Indian Economy News

Coal production touches 698.25 million tonnes with a 16% growth during April 2022-January 2023

Over the past few years, India's domestic coal output has increased significantly. The production of coal rose by 6.47%, from 730.87 million tonnes (MT) in 2019–2020 to 778.19 million tonnes (MT) in 2021-22. The rising trend in coal production has accelerated in the current fiscal year 2022–2023, and the nation's overall production of coal has impressively increased by more than 16%, reaching 698.25 MT between April 2022-January 2023 as compared to 601.97 MT during the same period in the last year. The own output of Coal India Limited (CIL) has also increased during this time, rising by about 15.23% to 550.93 MT from 478.12 MT.

A target of 1.31 billion tonnes (BT) has been fixed by the Coal Ministry for FY25 and the same is estimated to go up to 1.5 BT by FY30.

The Ministry has been actively collaborating with numerous State Governments and Central Government organisations to start new coal mines and to boost coal output in the mines that are already up and running. Due to these initiatives, production from captive and commercial coal mines grew by more than 30%, from 71.31 MT in the same period of FY22 to 93.22 MT in the same period of FY23.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.