India's domestic coal production target will be raised to 1.13 BT by FY30. For Coal India, a target of 1 BT production by FY27 has also been outlined, Coal and Mines Minister G Kishan Reddy said.
The government also intends to work more closely in the area of coal gasification, as it is on a high-priority list for energy transition.
India, China and Indonesia's coal output reached record levels in 2024, underscoring the growing need for affordable energy to drive growth and sustain economic development.
November also marked a second consecutive month of over Rs 1.8 lakh crore collection under GST regime
The coal output in the April-November period of the current fiscal rose by 6.21 per cent to 628.03 MT over 591.32 MT in the year-ago period, according to provisional figures
The coal behemoth, which accounts for over 80 per cent of the domestic coal output, produced 51.4 MT in the corresponding month of the previous fiscal year, Coal India Ltd (CIL) said in a filing to the BSE.
GST collections at Rs 1.75 lakh crore in August were 10 percent higher from last year; manufacturing PMI slowed to 57.9 from 58.1 in July, but remained above long-run average of 54
The production was 360.71 MT in April-August FY24.
During the first quarter of FY25, provisional figures show India produced 247.396 MT of coal as compared to 223.376 MT during the same period last year, recording a growth of about 10.75%.
The coal output for the power sector has seen a substantial increase, rising from 25.02 MT in the first quarter of last year to 30.16 MT in the first quarter of this year, marking a 20.5 per cent year-on-year growth.
The country's coal output was 73.92 MT in June last fiscal, according to provisional figures of the government
The company also informed that Executive Director (L&R) Sanjay Khare has bid farewell to his role upon reaching the age of superannuation, effective from May 31, 2024.
As several bigger projects face delays, policymakers are promoting small-scale nuclear technology with a capacity of up to 300 megawatts, which is quicker to build and easier to adjust to the requirements of the grid.
Coal power plants have fuel inventories equivalent to 17 days of consumption versus 12 days in the year ago period
During the current fiscal year, 2023–24, India has surpassed previous year's output of 937.22 million tonnes (MT) of coal and lignite by a margin of 25 days.
The coal dispatch from the captive and commercial mines in the first eleven months of the current financial year also rose 29.14 per cent to 128.88 MT over the corresponding period of previous fiscal, the coal ministry said in a statement.
State-wise and year-wise data indicate that the coal mining sector is a very significant contributor to the revenue of states including Jharkhand, Chhattisgarh, Odisha and Madhya Pradesh, the Coal Ministry said in a statement.
The coal production from its captive mines contributes to NTPC’s fuel security and ensuring efficient supply, it said.
A similar rebate will be offered for coal gasification projects, too, said the Union Minister for Coal, Mines, and Parliamentary Affairs.
The Union minister said sunset for the coal industry is a long way off given the rising demand for energy from a growing economy. He confirmed that the government has decided to offer a 50 percent discount on revenue share for underground mining in commercial coal mines and also for coal gasification.
The Union minister for coal said any decision to sell up to a 10 percent stake via the offer for sale (OFS) route in NLC India will be taken by the Ministry of Finance.
The production will be further enhanced to 225.69 MT in FY26, the coal ministry said in a statement.
The country's coal output was 591.64 MT in the same period last year.
The production plan calls for the opening of new mines, the increase of mine capacity, and the output of commercial and captive mines.
Total production of coal from all sources during the last 15 days is over 26.40 lakh tonnes per day.