Indian domestic coal production to reach 1.31 billion tonnes by FY25

The ministry said in a press release “The upward trend in coal production accelerated further in the 2022-23 fiscal year, and the country's total coal production recorded an impressive growth of over 16% with a production of 698.25 MT (million tons) in the period from April 2022 to January 2023."

The ministry stated that it is actively cooperating with various state government and central government institutions both for the launch of new coal mines and for increasing coal production in mines that are already in operation.

As a result of such initiatives, production from indoor and commercial coal mines increased to 93.22 MT from 71.31 MT in the same period FY22 to 93.22 MT in the same period of FY22, showing a growth of more than 30%.

So far in FY23, Coal India's production has reached 550.93 MT, an increase of over 15% compared to last year's 478.12 MT.

According to the ministry, the increase in domestic coal production has helped the country greatly reduce its imports in the face of a sharp increase in coal demand caused by a continuous increase in electricity consumption.

India's electricity consumption in January increased by about 13% to 126.16 billion units from 111.80 billion units in the same month last year, according to government data.