Indian Economy News

In September 2023, total coal production reached 67.21 MT after a 16% increase

In September 2023, the Ministry of Coal significantly increased overall coal output, achieving a total of 67.21 million tonnes (MT), above the 58.04 MT produced in the same month the previous year, an increase of 15.81%. With a gain of 12.63%, Coal India Limited's (CIL) production increased to 51.44 MT in September 2023 from 45.67 MT in September 2022. The cumulative coal output (up to September 2023) has increased 12.06% in the past year, from 382.16 MT in the same period of FY23 to 428.25 MT in FY24.

The amount of coal dispatched also increased significantly in September 2023, rising to an astonishing 70.33 MT, a 15.12% increase over the 61.10 MT it reached in September 2022. At the same time, Coal India Limited (CIL) dispatch displayed exceptional success, increasing by 12.57% to 55.06 MT in September 2023 from 48.91 MT in September 2022. A considerable increase of 10.96% was noted in the cumulative coal dispatch (up to September 2023), which increased to 462.32 MT in FY24 from 416.64 MT during the same time in FY23.

The coal industry has experienced an upswing like never before, with production, dispatch, and stock levels reaching astounding heights. The consistent commitment of coal Public Sector Undertakings (PSUs), which has been instrumental in fostering this amazing achievement, is credited with being the driving force behind this exceptional growth. This demonstrates the effectiveness of the coal supply network, which makes sure that coal is distributed uniformly across the country.

The Ministry of Coal is still committed to maintaining regular coal production and dispatch, assuring a steady supply for a dependable and robust energy industry that contributes to the country's ongoing progress and prosperity.

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