Coal production from captive, commercial mines clocks 35% growth y-o-y in Q1
https://psuwatch.com/
India
04-07-2024
Share
The production of coal from captive and commercial coal mines has increased from 29.26 MT in Q1 of FY24 to 39.53 MT in Q1 of FY25.
New Delhi: The production of coal from captive and commercial coal mines has increased from 29.26 Million Tonnes (MT) in Q1 of FY24 to 39.53 MT in Q1 of FY25, recording a growth of 35 percent year-on-year. “The Ministry of Coal has achieved a remarkable increase in coal production and dispatch from captive and commercial coal blocks for the first quarter, i.e., from 1st April 2024 to 30th June 2024, of the current financial year compared to the same period last year,” stated the ministry on Wednesday.
Similarly, coal dispatch has also shown a growth of 34.25 percent year-on-year, rising from 34.07 MT in Q1 of FY24 to 45.68 MT in Q1 of FY25.
Coal Production from Captive and Commercial Mines
The production of coal from the power sector’s captive coal mines has shown the most significant increase, driven by the demand for more coal for power generation amid a consistent rise in peak power demand. Output from these mines rose from 25.02 MT in Q1 of last year to 30.16 MT in Q1 of this year, marking a 20.5 percent year-on-year growth.
Production from the Non-Regulated Sector (NRS) has grown from 1.44 MT in Q1 of last year to 2.55 MT in Q1 of this year, registering a 77 percent year-on-year increase. Output from sale-of-coal mines has surged impressively, climbing from 2.80 MT in Q1 of last year to 6.81 MT in Q1 of this year, recording a 143 percent year-on-year growth.
Coal Dispatch
Dispatches from the power sector’s captive coal mines increased from 28.90 MT in Q1 of last year to 35.65 MT in Q1 of this year, achieving a 23.3 percent year-on-year growth. Dispatches from NRS coal mines grew from 1.66 MT in Q1 of last year to 2.38 MT in Q1 of this year, reflecting a 43.4 percent year-on-year increase. Dispatch from sale-of-coal mines rose from 3.51 MT in Q1 of last year to 7.64 MT in Q1 of this year, posting a growth of 117.67 percent.
"The Ministry of Coal commends the tireless efforts of all stakeholders, including coal companies and industry partners, for their crucial support. The Ministry of Coal remains firmly committed to assisting all coal block allottees in overcoming challenges and optimizing their operations. The primary goal of the ministry is to significantly boost coal production, ensuring a consistent and reliable supply to meet our nation's escalating energy needs. Through collaborative efforts and targeted support, the Ministry aims to enhance efficiency, sustainability, and output across the coal sector," stated the Coal Ministry.