Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The recent review of coal production from captive and commercial mines shows promising growth in the sector. Conducted by Shri. M Nagaraju, Additional Secretary and Nominated Authority, Ministry of Coal, the review highlighted significant achievements. Out of the 58 coal mines reviewed, 54 are currently producing, with 4 more expected to commence production soon.
Between April 2023 and February 2024, the total coal production from these mines reached approximately 125.33 million tonnes, a notable increase from the 99.50 million tonnes produced during the same period in the previous fiscal year, marking a growth of around 26%. Similarly, the dispatch during this period increased to 127.6 million tonnes, up from 98.13 million tonnes in the previous fiscal year, indicating a growth of 30%.
Notably, the average daily coal production in February 2024 reached 5.14 lakh tonnes, a milestone achievement in the history of coal production from captive and commercial coal mines. Moreover, the total production from these mines has already exceeded last year's total production of 116.55 million tonnes.
During the review, a detailed analysis of coal production and dispatch was conducted with the respective coal companies from the power sector, non-regulated sector, and coal sales. While acknowledging the increase in coal production, all allottees were encouraged to further enhance production where feasible. It was emphasised that any constraints in coal production and dispatch should be promptly brought to the notice of the Ministry of Coal for timely resolution.
Shri. M. Nagaraju advised allottees to expedite the operationalisation of coal blocks in advanced stages to support the sector's growth. The review reflects a positive trend in coal production and underscores the importance of continued efforts to ensure sustained growth in the sector.
Also Read : Ministry of Steel on track to achieve the target of PLI Scheme by 2027-28 Minister chairs meeting to boost battery energy storage systems development
Udinese, an Italian soccer club, has installed solar panels on the roof of their stadium. This green...
Europe 22-Feb-2024
Essar Oil UK has rebranded to EET Fuels, making its journey towards becoming the UK’s first lo...
Europe 25-Jan-2024
India's Steel Ministry is looking to diversify its coking coal sourcing, with Russia and Mongolia hi...
Energy 03-Jul-2024
India is planning to create 1 lakh MW of nuclear power by 2047, a massive increase from the current...
Energy 04-Apr-2024
China's coal imports are expected to be little changed or decline in 2024 despite an expected increa...
China 11-Mar-2024
Steel Secretary rules out safeguard duty hike on steel products. Government aims to maintain trade...
Announcement 16-Apr-2025