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India’s coal production growth up 12% MoM & 9% YoY in Feb’24

New Delhi: India’s coal production reported an 11.83% increase to 96.60 million tonnes (MT) from 86.38 MT in the corresponding month of the previous year, the ministry of coal said.

Coal India Limited (CIL), the nation’s leading coal miner, contributed significantly to this growth with a production of 74.76 MT, an 8.69% increase over its February 2023 figures of 68.78 MT. For the fiscal year up to February 2024, the cumulative coal production surged to 880.72 MT, marking a 12.14% increase from the 785.39 MT recorded during the same period in the previous fiscal year.

Similarly, coal dispatch in February 2024 saw a robust growth of 13.63%, reaching 84.78 MT compared to 74.61 MT dispatched in February 2023. Of this, CIL’s dispatch was 65.3 MT, reflecting a growth of 12.05% over 58.28 MT in February 2023.

The cumulative coal dispatch for the fiscal year up to February 2024 also demonstrated significant progress, totaling 882.44 MT, an 11.08% increase from 794.41 MT in the corresponding period of FY 2022-23.

“These figures underscore the relentless efforts of all stakeholders in ensuring a steady supply of coal to support the nation’s economy,” the ministry of coal stated, emphasizing the sector’s commitment to contributing to India’s vision of self-reliance and sustainable development.

Source: ETEnergyWorld