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
India's coal production increased by 803.79 MT for FY 2023-24, showcasing a notable surge from the 717.23 MT recorded during the corresponding period of FY 2022-23, reflecting an impressive growth rate of 12.07%, according to the ministry of coal. Earlier, the same production figure of 800 MT Mark was achieved on 8 March, 2023 in the last FY 2022-23 (30 days ahead).
With the initiative of Atmanirbhar Bharat (self-reliant India), the ministry of coal has achieved this remarkable stride towards energy security and self-sufficiency, marking a pivotal moment in India's journey towards sustainable development. Simultaneously, the enhanced coal logistic infrastructure has played a pivotal role in facilitating the transportation and the transportation and dispatch of coal across the nation.
According to the ministry, the coal dispatch has surged to 815.11 MT, as of the same date, displaying a substantial increase from the 736.00 MT reported during the corresponding period of the previous fiscal year, with a growth rate of 10.75%.
This accelerated pace of coal production and dispatch reflects India's unwavering commitment to meeting the nation's energy demands while concurrently driving economic growth and development. This significant growth exemplifies the resilience and adaptability of the coal sector in overcoming challenges and seizing opportunities for growth, it added.
Also Read : Coal sector leads with 10.6% growth in December, propelling overall growth of eight core industries Coal production from captive, commercial mines increased by 35% in Q1
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