Over 8.51% increase in coal production till June 2023
- Press Information Bureau
- August 8, 2023
The majority of the country’s coal needs are supplied by indigenous production/supply. The government is focusing on growing domestic coal production and reducing non-essential coal imports into the nation. The production of coal rose over the prior year by 14.77% in 2022-23. Domestic coal production increased by more than 8.51% as of June 2023 in the current financial year, as compared to the same period the previous year.
The steps taken by the government to make the country completely self-sufficient in coal production include regular reviews by Ministry of Coal, enactment of Mines and Minerals (Development and Regulation) Amendment Act, 2021 for enabling captive mines owners (other than atomic minerals) to sell up to 50% of their annual mineral (including coal) production in the open market, Single Window Clearance portal, and adoption of Mass Production Technologies (MPT) by Coal India Limited in its underground (UG) mines, among others.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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