The Ministry of Coal has announced a substantial increase in coal production and dispatch during the first quarter (Q1) of the current financial year (FY25), spanning April 1, 2024, to June 30, 2024. These figures represent a significant improvement compared to the same period in the previous fiscal year (FY24).
Overall coal production witnessed a remarkable 35% year-on-year (YoY) growth, rising from 29.26 Million Tonnes (MT) in Q1 FY24 to 39.53 MT in Q1 FY25. Dispatch figures mirrored this positive trend, with a 34.25% YoY increase, reaching 45.68 MT in Q1 FY25 compared to 34.07 MT in Q1 FY24.
The Ministry of Coal expressed its appreciation for the tireless efforts of all stakeholders involved in the coal sector, including coal companies and industry partners. Their contributions are acknowledged as crucial to achieving these positive results.
The Ministry remains dedicated to supporting coal block allottees in overcoming challenges and optimising their operations. Their primary goal is to significantly boost domestic coal production and ensure a consistent and reliable supply to meet India’s growing energy demands. By fostering collaboration and providing targeted support, the Ministry aims to enhance efficiency, sustainability, and overall output across the Indian coal sector.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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