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NEW DELHI: India posted record growth in coal production at more than 892 million tonne (MT) in 2022-23 from 778 MT in 2021-22, a development prime minister Narendra Modi described in a tweet as an “Outstanding accomplishment in an important sector for economic growth”.
The increase of more than 14% in output puts the one billion tonne production target for 2023-24 within reach, especially in the backdrop of mines auctioned for commercial mining and incentives for starting production ahead of schedule.
The increase in coal output augurs well for the power plants. But simultaneous measures have to be taken to develop transportation infrastructure by the Railways and mechanised loading at mines.
The sharp increase comes on the back of a 34.5% jump in output from captive mines at 121.8 MT and 10.8% increase in Coal India, which produced 703.2 MT to exceed the target of 700 MT, data showed.
It will be pertinent to mention that it was the first time in 17 years that Coal India, which supplies bulk of the fuel for power generation, topped its annual target. The company had exceeded its goal last in 2005-2006 when it produced 343.3 MT of coal against a target of 343 MT.
“This is a historic moment for the coal sector. I congratulate all the coal warriors and stakeholders for the record growth. CIL has done a tremendous job by surpassing 700 MT this year. The coal sector’s contribution to the growth of the economy is powering the rise of India under the leadership of PM Narendra Modi and we will continue to meet the nation’s growing energy demand,” coal minister Prahlad Joshi said in a statement.
A draft report by government think-tank Niti Ayog estimated India’s coal demand to peak in the range of 1.1-1.3 billion tonne by 2030. Coal India is expected to produce 1 billion tonnes by 2025-26.
For the billion tonne output target for 2023-24, Coal India has been given the goal to produce 780 MT, followed by 75 MT for SCCL (Singareni Collieries Company Ltd) and 162 MT for captive and commercial mines.
The increase of more than 14% in output puts the one billion tonne production target for 2023-24 within reach, especially in the backdrop of mines auctioned for commercial mining and incentives for starting production ahead of schedule.
The increase in coal output augurs well for the power plants. But simultaneous measures have to be taken to develop transportation infrastructure by the Railways and mechanised loading at mines.
The sharp increase comes on the back of a 34.5% jump in output from captive mines at 121.8 MT and 10.8% increase in Coal India, which produced 703.2 MT to exceed the target of 700 MT, data showed.
It will be pertinent to mention that it was the first time in 17 years that Coal India, which supplies bulk of the fuel for power generation, topped its annual target. The company had exceeded its goal last in 2005-2006 when it produced 343.3 MT of coal against a target of 343 MT.
“This is a historic moment for the coal sector. I congratulate all the coal warriors and stakeholders for the record growth. CIL has done a tremendous job by surpassing 700 MT this year. The coal sector’s contribution to the growth of the economy is powering the rise of India under the leadership of PM Narendra Modi and we will continue to meet the nation’s growing energy demand,” coal minister Prahlad Joshi said in a statement.
A draft report by government think-tank Niti Ayog estimated India’s coal demand to peak in the range of 1.1-1.3 billion tonne by 2030. Coal India is expected to produce 1 billion tonnes by 2025-26.
For the billion tonne output target for 2023-24, Coal India has been given the goal to produce 780 MT, followed by 75 MT for SCCL (Singareni Collieries Company Ltd) and 162 MT for captive and commercial mines.
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