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COAL INDIA SOARS: ROBUST PRODUCTION BOOST AND BULLISH MARKET OUTLOOK
The Business Guardian
|October 22, 2023
Looking at VISION 2024, The Ministry of Coal has set an ambitious target of 1.23 billion tonnes of enhancing the production of coal by FY25 to ensure the energy security of the country.
Therefore, Coal India Ltd is strengthening its infrastructure of production and transportation of coal significantly and the fruits of success are for everyone to see with the coal sector witnessing an unprecedented upswing in production and dispatch levels to remarkable heights in the current FY 2024. India's cumulative coal production for the month of September 2023 has risen by over 15% to 67 million tonne production surpassing the figures of 58 million tonne of the corresponding month in the previous year. Sustaining its solid production pace, Coal India Ltd has produced 51.44 MT of coal during the month of September 2023 as compared to 45.67 MT in September 2022 with a growth of over 12%. There has been a quantum jump in coal production with the cumulative coal production till September 2023 climbing to 428.25 MT in FY 2023-24 as compared to 382.16 MT during the same period of FY 2022-23 showing a growth of over 12%.
This story is from the October 22, 2023 edition of The Business Guardian.
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