New Delhi: As per provisional figures of the coal ministry, India’s coal production increased impressively by 15.10 % to 784.41 Million Ton (MT) during April ’22-February ’23, as compared to 681.5 MT produced during the same period of financial year (FY) 22.
Coal India Ltd (CIL) reported production of 619.70 MT up to February of FY 23 as compared to 542.38 MT during the same period of FY 22, representing an increase of 14.26%.
The coal ministry has paved the way for releasing additional coal in the market by greater utilization of mining capacities of captive coal blocks which has led to increase in production by captive and other companies by 29.83% to 104.58 MT (provisional figure) during Apr’22-Feb’23, as compared to 80.55 MT produced during the corresponding period of FY 22.
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The ministry has also amended the Mineral Concession (Amendment) Rules, 1960 under MMDR (Amendment) Act, 2021 to allow lessee of captive mines to sell coal /lignite up to 50% of the total excess production after meeting the requirement of the end-use plants.
The ministry is taking steps to augment rail connectivity infrastructure for all major mines under PM GatiShakti to ensure faster evacuation of coal. As a result, the total coal dispatch have been to the tune of 793.86 MT (provisional fig.) during Apr’22-Feb’23, as compared to 740.96 MT during same period of FY 22 representing a growth of 7.14%, which shows steady and efficient amount of coal dispatch to various sectors across the nation.
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With an objective to enhance coal production capacity, the coal ministry has put 141 new coal blocks for commercial auction and has been engaging regularly with various coal companies and monitoring their production. Hence domestic production and dispatch have shown extremely good results.
