TFP Bureau, New Delhi, February 1, 2024: The coal sector witnessed significant growth as two new coal mines, boasting a combined Peak Rated Capacity (PRC) of 7.5 million tonnes (MT), commenced production in January 2024. This development marked an increase in the total number of producing coal mines from 51 to 53, further strengthening the industry. As of March 31, 2023, there were 47 active captive/commercial mines, and during the year, six additional mines initiated production. Among the 53 mines, 33 are dedicated to captive power consumption, 12 serve captive consumption for the Non-Regulated Sector, and eight focus on the commercial sale of coal.
In January 2024, the collective coal production from captive and commercial mines reached approximately 14.30 MT, demonstrating a notable year-on-year growth of 29%, compared to 11.06 MT in the corresponding month of the previous year. The total coal dispatch surged to 12.86 MT, indicating a robust 27% increase from 10.12 MT in January 2023.
The ten-month period from April 1, 2023, to January 31, 2024, saw remarkable growth in coal production and dispatch from captive and commercial coal blocks. During this period, production reached around 112 MT, reflecting a 26% year-on-year growth from the corresponding period in FY 2022-23. Similarly, coal dispatch during these months soared to 116 MT, marking a significant 31% increase.
The Ministry of Coal has been proactive in taking essential measures to operationalize coal blocks within stipulated timelines. This strategic approach aims to further amplify production and dispatch, aligning with the national goal of AtmaNirbhar Bharat and addressing the escalating energy demands of the country. With coal production expected to surpass previous records in the first two weeks of February 2024, the industry is on course to achieve unprecedented heights.
