India's coal production rises 7.10% to 76.26 million tonnes in May

The Ministry of Coal has achieved substantial surge in overall coal production during the month of May 2023, reaching 76.26 Million Tons (MT), surpassing the figures of the month May 2022 of 71.21 MT, representing an increase of 7.10%. 

According to the official statement released by the Coal Ministry, the production of Coal India Limited (CIL) has increased 59.94 MT in the month of May’23 as compared to 54.72 MT in May’22 with the growth of 9.54%. The cumulative coal production has seen quantum jump of 149.41 MT in FY’ 23 as compared to 138.41 MT in FY’22 with a growth of 7.94%.

With increased First Mile Connectivity infrastructure, coal dispatch in the month of May ’23 registered at 82.22 MT as compared to 77.79 MT in May ’22, growth of 5.70%.  

Coal dispatch from Captive and Commercial coal block has reported at 12.23 MT in May’23 in comparison to 10.47 MT in May ‘22 with the growth of 16.84 %. The cumulative Coal dispatch has registered remarkable increment of 162.44 MT in the FY 2023-24, up from 149.76 MT in the FY 2022-23, with an increase of 8.47%.

“This Impressive upturn in offtake has resulted in a comfortable coal stock position, guaranteeing reliable and abundant supply of coal lying at pithead coal stock at CIL, SCCL, stock at TPP(DCB) etc. The total coal stock as of May 31, 2023 is 112.41 MT, compared to 82.97 MT on May 31, 2022 with the growth of 35.48%.  

The positive coal stock position has strengthened the capability to tackle unforeseen fluctuations in energy demand and ensures meeting the energy demands of the nation”, the government said.

The Ministry is making constant efforts to augmenting coal production. The Ministry has already moved forward with a comprehensive plan for responsible development, placing strong emphasis on fostering conscientious coal mining practices that   prioritize the well-being of the environment and communities.

Source: Media reports

Related Blogs
blog-logo

Share Market

blog-logo

8 mins read . 19 Jul 2024

Stock Market Trading Time in India

  • 1 people read
blog-logo

Share Market

blog-logo

11 mins read . 19 Jul 2024

How To Trade in T2T Stocks

  • 2 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions