New Delhi: Two new coal mines with a cumulative PRC of 7.5 million tonne (MT) have started production in January 2024 thereby increasing the tally from 51 producing coal mines to 53. The total number of producing captive/commercial mines as on 31st March 2023 was 47 and during the year six coal mines have started production. Out of 53 mines, 33 mines are for captive power consumption, 12 mines for captive consumption for the Non-Regulated Sector and eight mines for commercial sale of coal.
The total coal production from captive and commercial coal mines in January 2024 is around 14.30 MT, indicating a year-on-year growth of 29 percent from 11.06 MT in the same month of the previous year and the total coal dispatch was 12.86 MT, up 27 percent from 10.12 MT in January 2023.
Coal production and dispatch from captive and commercial coal blocks has grown remarkably during 10 months of current FY from 1st April to January 31 to around 112 MT and 116 MT respectively indicating a year-on-year growth of around 26 percent and 31 percent respectively from the same period of FY 2022-23. Total production from captive/commercial coal mines in FY 2022-23 was 116.55 MT. The coal production will be exceeded in the first two weeks of February 2024, and is on track to become the highest of its kind ever.
The Ministry of Coal is taking all necessary steps to operationalize coal blocks within timelines to further increase production and dispatch and to achieve the goal of Atma Nirbhar Bharat and to meet the increasing energy demand of the country.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)