Coal
Coal output touches 607.97 MT during Apr-Dec 2022
New Delhi/IBNS: India’s coal production increased by 16.39 percent to 607.97 MT during Apr-Dec’22 as compared to 522.34 MT produced during the same period of FY 22, the Ministry of Coal said Tuesday.
CIL reported coal production of 479.05 MT up to December of FY 23 as compared to 413.63 MT during the same period of FY 22, representing an increase of 15.82 percent.
Ministry of Coal has paved the way for releasing additional coal in the market by greater utilization of mining capacities of captive coal blocks which led to increasing in production of coal by captive and other companies by 31.38 percent to 81.70 MT during Apr-Dec’22 as compared to 62.19 MT produced during the corresponding period of FY 22.
The ministry has also amended the Mineral Concession (Amendment) Rules, 1960 under MMDR (Amendment) Act, 2021 to allow lessee of captive mines to sell coal /lignite up to 50 percent of the total excess production after meeting the requirement of the end-use plants.
“The total coal despatch stood at 637.51 MT during Apr-Dec’22, up of 7.28 percent as compared to 594.22 MT during the same period of FY 22, owing to improvement in connectivity infrastructure for all major mines under PM Gati Shakti to ensure faster evacuation,” it said.
With an objective to enhance the coal production capacity, the ministry of coal has put 141 new coal blocks for commercial auction and has been engaging regularly with various coal companies in the country and monitoring their production.
“The all round efforts made to increase the domestic production and despatch have shown extremely good results,” the ministry said.
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