9,193.69 TL BIST 100 BIST 100
31.31 $ USD USD
€33.89 EUR EUR
4.37 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
44.87 TL Interest Interest
82.24 $ Fossil Oil Fossil Oil
22.71 $ Silver Silver
3.84 $ Copper Copper
115.84 $ Iron Ore Iron Ore
392.00 $ Ship Dismantling Ship Dismantling
2,060.77 TL Gold (gr) Gold (gr)

Indian domestic coal production to reach 1.31 billion tonnes by FY25

The coal ministry said on Friday that the government has set a production target of 1.31 billion tonnes of coal for the 2024-25 financial year, which will increase by another 1.5 billion tonnes by FY30.

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.

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 scrap export ban puts Russian metallurgy at risk

Friday, March 1, 2024

Exports of Russian square billets decreased by 12% in 2023

Friday, March 1, 2024

Thailand's scrap imports begin to recover in 2024

Friday, March 1, 2024

JSW Steel ventures into green steel manufacturing with new subsidiary

Friday, March 1, 2024

US hot-dip galvanized sheet imports increased

Friday, March 1, 2024
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