New Delhi: The overall coal manufacturing and dispatch from captive and industrial coal mines within the nation throughout the interval from April 1, 2023 to February 29, 2024, went as much as 126.80 million tonnes and 128.88 million tonnes, marking a rise of 27.06 per cent and 29.14 per cent respectively, as in comparison with the identical interval of the earlier 12 months, in response to figures launched by the Coal Ministry on Saturday.
The expansion in coal manufacturing displays the heightened effectivity and a robust logistics community that’s serving to to make sure India’s vitality safety and decreasing the nation’s reliance on imported coal. These efforts are in keeping with the federal government’s initiative to advertise self-reliance and assist the ‘Make in India’ marketing campaign, the ministry mentioned.
The rise in manufacturing comes on the again of the profitable implementation of coverage reforms by the federal government which embrace measures such because the clear e-auction of economic mines. As of February 29, the overall variety of producing mines stood at 54, with 35 allotted to the ability sector, 11 allotted to the non-regulated sector, and eight for the sale of coal within the open market.
As many as 91 mines have been efficiently auctioned underneath industrial coal auctions, out of which seven mines have already commenced coal manufacturing. The overall coal manufacturing and dispatch within the month of February 2024 was 14.85 million tonnes (MT) and 12.95 MT, with a rise of 37 per cent and 33 per cent respectively, as in comparison with 10.85 MT and 9.72 MT respectively in the identical month of FY 2022-23.
The common each day coal manufacturing and dispatch price was 5.12 lakh tonnes and 4.46 lakh tonnes per day respectively, exhibiting a constant efficiency. The Coal Ministry mentioned that the main focus is on sustaining this development trajectory and efforts are being made to additional streamline operations and bolster the infrastructure to fulfill the rising vitality calls for of the nation.
