11,311.31 TRY BIST 100 BIST 100
49.99 EUR EUR EUR
42.70 USD USD USD
6.09 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
38.34 TRY Interest Interest
61.45 USD Fossil Oil Fossil Oil
86.33 USD Silver Silver
11,311.31 USD Copper Copper
101.64 USD Iron Ore Iron Ore
349.00 USD Shipbreaking Scrap Shipbreaking Scrap
5,944.55 TRY Gold (gr) Gold (gr)

India achieves record coal production in FY2023-24

India has reached a significant milestone with record coal production in the 2023-24 fiscal year.

India achieves record coal production in FY2023-24

The country produced 997.826 million tons of coal in the 2023-24 fiscal year, marking its highest output to date. This represents an 11.71% increase compared to the previous year. The Ministry of Coal has set an ambitious production target of 1.5 billion tons by the 2030 fiscal year under the Integrated Coal Logistics Plan.

As of December 15, 2024, coal production for the calendar year increased by 7.66% to 988.32 million tons, while supply rose by 6.47% to 963.11 million tons.

Under the "Mission Coking Coal" initiative, the Indian government aims to produce 140 million tons of domestic coking coal by 2030. The production for FY2023-24 stood at 66.821 million tons, with a target of 77 million tons for FY2024-25. Key plans include the modernization of ageing washeries operated by Bharat Coking Coal Limited (BCCL) and Central Coalfields Limited (CCL), as well as bringing 14 coking coal blocks to production through auctions open to the private sector.

In the VII NRS e-auction, 17.84 million tons of coal were allocated, while 23.98 million tons were offered in four auction rounds under the SHAKTI B(VIII-A) policy. A new pricing mechanism for coal gasification projects was also introduced.

Under the Coal Bearing Areas Act, land acquisitions in 2024 reached a total of 16,838.34 acres, with more than 257,000 hectares of data added to the PM GatiShakti Portal for infrastructure planning.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Kazakhstan and Saudi Arabia aim to enhance cooperation in mining and metallurgy

Monday, December 15, 2025

The Turkish imported scrap market enters a stabilization phase after a period of continuous increases

Friday, December 12, 2025

China's crude steel production decreases 10.9% in November

Monday, December 15, 2025

SSAB expands the Strenx® certified fabricator network to the Netherlands

Monday, December 15, 2025

Björneborg Steel renews Its MES system for digital transformation in manufacturing

Monday, December 15, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now