India’s FY23 coal production huts 892.21 million tonne

Coal production in India touched a record high of 892. 21 million tonne, union minister for coal Pralhad Joshi said in a tweet on Saturday.

The minister also said that coal offtake during the last fiscal stood at 876.73 million tonne.

“This is a historic moment for the coal sector. Despite the stiff targets, Coal India, SCCL, along with Captive & Commercial Mines have produced more than 892 MT of coal in FY23. CIL has done a tremendous job by surpassing 700 MT this year, » Joshi said.

The sector witnessed a 14.65% growth from 778.21 million tonne in FY22.

The growth in coal production comes at a time when the country is expected to witness a high demand for power in the coming months.

In a recent interview, union coal secretary Amrit Lal Meena had said that the coal sector is prepared to meet the high demand from power plants in April-May.

Recently, the minister had said that as the country is set to breach the 1 billion mark in the coming years, India will start exporting coal from FY26.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.


Оцените статью