Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
The coal sector experienced a significant spike in overall coal output for the month of February 2024, reaching 96.60 million tonnes (MT) (provisional) coal production, surpassing the numbers of 86.38 MT in the same month the previous year, showing an increase of 11.83%.
Coal India Limited's (CIL) production increased by 8.69% to 74.76 MT (provisional) in February 2024, up from 68.78 MT in February 2023. The cumulative coal output (up to February 2024) increased by 12.14% to 880.72 MT (provisional) in FY23-24, up from 785.39 MT during the same period in FY22-23.
Additionally, coal dispatch witnessed a significant boost in February 2024, reaching an impressive 84.78 MT (provisional), showcasing notable progress compared to the 74.61 MT recorded in February 2023, with a growth rate of 13.63%.
At the same time, Coal India Limited (CIL) dispatch demonstrated outstanding performance, reaching 65.3 MT (provisional) in February 2024, compared to 58.28 MT in February 2023, representing a growth of 12.05%. The cumulative coal dispatch (up to February 2024) has seen a significant increase to 882.44 MT (provisional) in FY23-24 compared to 794.41 MT during the corresponding period in FY22-23 with a growth of 11.08%.
The Ministry of Coal in a press release said that these remarkable achievements underscore the concerted efforts of all stakeholders in ensuring steady coal supply to support various sectors of the economy. As the nation pursues the vision of self-reliance and sustainable development, it added that the coal industry remains resolute in its dedication to driving growth and prosperity.
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