India has achieved 47 percent growth in Coal Production in the last Nine Years. The Coal supply has also touched 877.74 Million tonnes, recording 45.37 percent growth in the same period. Overall coal production has gone up to 893.08 Million tonnes in Financial Year 2023, which is the highest in the history of the country.
The Coal Ministry has signed agreements for a total of 23 coal mines having cumulative peak rated capacity (PRC) of 33.224 MT per annum during the Financial Year 2022-23. The Ministry said, considering the good response received for the 6th round of commercial auctions, it is expected that 25 coal mines will be allocated during Financial Year 2023-24 for commercial mining.
The Ministry said that as per the Action Plan for 2023-24, the coal production target for financial year 2023-24 is one thousand twelve Million tonnes by enhancing overall production, efficiency, sustainability, and adopting new technologies.
The Ministry is focusing on enhancing coking coal production from 52 Million tonnes (MT) in Financial Year 2022 to 140 MT in Financial Year 2030. ‘Mission Coking Coal’ has been launched by the Government in August 2021, to come up with a road map that would suggest ways to augment the production and utilization of domestic coking coal in India by 2030. The coking coal is mainly used in manufacturing of steel through the blast furnace route.