Coal production & dispatch from captive & commercial mines soar 27%, 29%: Coal Ministry

New Delhi: The total coal production and dispatch from captive and commercial coal mines during the April-February period was 126.80 MT and 128.88 MT, marking an impressive increase of 27.06 percent and 29.14 percent ,respectively, as compared to the same period of the FY 22-23, reflecting heightened efficiency and a strong logistics network, said the Ministry of Coal on Saturday.

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

54 captive & commercial coal mines producing currently: Govt

As of February 29, the total number of producing mines stood at 54, with 35 allocated to the power sector, 11 allocated to the Non-Regulated Sector, and eight allocated for the sale of coal. A total of 91 mines have been successfully auctioned under Commercial Coal Auctions, out of which seven mines have already commenced coal production.

Coal production from captive & commercial coal mines at 14.85 MT in Feb

The total coal production and dispatch in the month of February 2024 was 14.85 MT and 12.95 MT, with an increase of 37 percent and 33 percent respectively, as compared to 10.85 MT and 9.72 MT respectively in the same month of FY 2022-23. The average daily coal production and dispatch rate was 5.12 LT and 4.46 LT per day respectively, showing consistent performance.

"This notable growth in coal production and dispatch is a testament to the Ministry of Coal's unwavering commitment to ensuring India's energy security and reducing the nation's reliance on imported coal. These efforts are in line with the government's initiative to promote self-reliance and support the 'Make in India' campaign," said the Coal Ministry.

"The Ministry of Coal attributes this success to the strategic implementation of policy reforms, and the relentless dedication of the mine allottees. The Ministry of Coal is focused on sustaining this growth trajectory and the aim is to further streamline operations and bolster the infrastructure to meet the rising energy demands of the nation," 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.)