Coal sector logs fastest growth at 14.8% among eight core industries

New Delhi: The coal sector has demonstrated the highest growth among the eight core industries for the month of June at 14.8 percent, said the Ministry of Coal in a statement on Friday. The index of coal industry has reached 186.4 points during June this year as compared to 162.4 points during the same period of the last year, as per the Index of Eight Core Industries (ICI)) (Base Year 2011-12) released by Ministry of Commerce & Industries. Its cumulative index has increased by 10.8 percent during April to June 2024-25 over the corresponding period of the previous year, said the ministry.

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The ICI measures the combined and individual production performance of eight core industries, viz. cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel.

Coal sector growth pushed Combined Index of Eight Core Industries by 4% y-o-y: Govt

The Combined Index of Eight Core Industries experienced a notable 4 percent increase in June 2024, compared to the same period of the previous year, underscoring the coal sector’s substantial contribution to overall industrial expansion. The coal industry has consistently outperformed its counterparts, demonstrating substantially higher growth than the overall growth of eight core industries since the last two years.

“The driving force behind this remarkable growth can be attributed to a significant surge in coal production during June 2024, with output reaching an impressive 84.71 million tonnes (provisional), marking a remarkable increase of 14.6 percent compared to the same period in the previous year. This surge in production underscores the sector’s capacity to meet the growing demand of energy and manufacturing industries,” said the Coal Ministry.

“The exceptional expansion of the coal sector, coupled with its substantial role in propelling the overall growth of the eight core industries, stands as evidence of the Ministry of Coal’s persistent endeavours and proactive initiatives. These efforts align with the vision of Atmanirbhar Bharat and contribute to the nation's progress towards self-sufficiency and energy security,” the ministry said.

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