New Delhi/IBNS: Indias coal production from April 2022 to January 2023 grew more than 16 percent with a production of 698.25 MT as compared to 601.97 MT in the same period the previous year, according to the Ministry of Coal.
In this period, state-run Coal India Ltd.s (CIL) production also went up by about 15.23% to 550.93 MT from 478.12 MT.
The increase in domestic coal production has helped the country curb import to a large extent in face of the sharp increase in coal demand arising due to continuous rise in power consumption, said the ministry.
The Coal Ministry has fixed the target of 1.31 BT (Billion Ton) for FY 25 and the same is to go up to 1.5 BT by FY30, an official statement said adding that the ministry has been actively engaging with various state government and central government agencies both for starting new coal mines and also for increasing coal production in the currently operational mines.
As a result of such initiatives, production from captive and commercial coal mines has increased to 93.22 MT in April2022 to Janaury2023 period of FY 22-23 from 71.31 MT in the same period of FY 21-22, showing a growth of more than 30%, it said.
