INDUSTRY
Coal output hits record 998 mt in FY24, target for FY30 set at 1.5 bt
- IBJ Bureau
- Dec 30, 2024
India achieved its highest-ever coal production of 997.826 million tonnes (mt) in the financial year 2023-24, reflecting remarkable 11.71 per cent growth compared to 893.191 mt in 2022-23.
According to the Ministry of Coal, under the Integrated Coal Logistics Plan, the government has targeted coal production of 1.5 billion tonnes (bt) by FY30.
During the calendar year 2024 (up to December 15), coal production reached a provisional 988.32 mt, marking a year-on-year increase of 7.66 per cent.
Coal supplies also saw significant growth, with 963.11 mt provisionally supplied by December 15, 2024, an increase of 6.47 per cent over that of the previous year.
The power sector received 792.958 mt of coal, a 5.02 per cent rise, while the non-regulated sector (NRS) saw 14.48 per cent growth with 171.236 mt supplied.
Under the Mission Coking Coal initiative, the Ministry of Coal is targeting domestic raw coking coal production of 140 mt by 2030. For FY24, production stood at 66.821 mt, with a target of 77 mt set for FY25.
Key measures include modernising ageing washeries under Bharat Coking Coal and Central Coalfields, monetising old washeries to enhance operational efficiency and auctioning 14 coking coal blocks to private players, expected to commence production by 2028-29.
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