Coal Ministry assures of adequate supply of coal to power, fertilizer & NRS sectors

New Delhi: The Ministry of Coal has assured ample availability and supply of coal to the power and fertilizer sectors and the non-regulated sectors (NRS), like steel, cement, paper and sponge iron. In a statement released on Wednesday, the ministry said, “In line with the guiding principles laid down by the Hon’ble Prime Minister for "Working with the nation as a whole approach and breaking silos," the Ministry of Coal, in coordination with the Ministry of Railways, Ministry of Power, and other relevant departments, is committed to ensuring an adequate supply of coal at notified prices for the Power and Fertilizer sectors. This initiative also extends to non-regulated sectors, including Steel, Cement, Paper, and Sponge Iron, which are vital for the country’s economic growth.”

PSU Watch is now on Whatsapp Channels. Click here to join

Coal production clocks 10.70% growth y-o-y so far

For the fiscal year 2024-25, the Coal Ministry has set an ambitious coal production target of 1,080 MT. As of July 19, coal production has reached 294.20 MT, reflecting a robust growth rate of 10.70 percent compared to the same period last year, which was 265.77 MT. “This positive trend underscores the Ministry’s commitment to meeting the energy demands of various sectors while maintaining a focus on sustainable economic development,” said the Coal Ministry.

In terms of coal dispatch, the ministry has successfully dispatched 311.48 MT of coal until July 19, achieving a growth of 8.49 percent over the previous year, which was 287.12 MT. “This increase in dispatch not only supports the operational needs of key industries but also contributes to the overall stability of the energy market. The Ministry of Coal remains dedicated to ensuring that coal remains an affordable and accessible resource for all sectors of the economy, thereby reinforcing the nation’s commitment to growth and development,” said the Coal Ministry.

“By maintaining a steady and reliable supply, the Ministry aims to strengthen the country’s energy security and support key economic sectors. Through these strategic initiatives, the Ministry of Coal is poised to play a pivotal role in driving India’s economic progress, ensuring that the coal supply remains both adequate and cost-effective for reliant industries,” it added.

(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.)