India's Apr-Feb coal prodn reaches 880.72 MT
New Delhi: India's coal production for April-February this fiscal reached 880.72 million tonnes (MT), bringing it within 119.28 MT of the FY24 target of 1 billion tonnes.
In the previous fiscal year 2022-23, India produced a total of 893 million tonnes (MT) of coal.
The government has set a target to produce 1 billion tonnes (BT) of coal for the ongoing fiscal year 2023-24.
According to the Ministry of Coal, the cumulative coal production for April-February 2024 witnessed a growth of over 12 percent, totaling 880.72 MT (provisional), compared to 785.39 MT during the same period of FY23.
In February alone, the country's coal production increased by 12 percent to 96.60 million tonnes (MT) compared to 86.38 MT in the same month last year.
The production of Coal India Ltd (CIL), a state-owned giant, also saw a rise of 8 percent in February, reaching 74.76 MT (provisional) from 68.78 MT in February 2023, as per the ministry's statement.
The total coal dispatch up to February 2024 witnessed a rise of over 11 percent, reaching 882.44 MT compared to 794.41 MT in the corresponding period last year.
In February alone, coal dispatch surged by 13.63 percent to 84.78 MT from 74.61 MT in February 2023.
Specifically, Coal India Limited (CIL) recorded a dispatch that was 12 percent higher at 65.3 MT in February 2024 compared to 58.28 MT a year ago.
India is among the top five producers and users of coal in the world.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Farah Khan breaks silence on 'unfollowing' Deepika Padukone and '8-hr shift' remark
'It feels good when country's leader bats on front foot': Suryakumar Yadav on PM Modi's 'Operation Sindoor on games field' post
US asked India not to start war against Pakistan after 26/11: Chidambaram's admission embarrasses Congress; BJP reacts
Nicole Kidman, Keith Urban separate after 19 years
