Coal Sector Registers Significant Growth in July 2024

The Ministry of Coal has announced a substantial surge in coal production for July 2024, underscoring the sector’s robust performance. Overall coal production reached a commendable 74.07 Million Tonnes (MT), marking a 6.69% increase compared to the same period last year. This upward trajectory indicates the sector’s commitment to meeting the nation’s growing energy demands.

Coal India Limited (CIL), the country’s largest coal producer, contributed significantly to this achievement. Its production rose to 55.04 MT in July 2024, registering a growth of 2.54% year-on-year. The cumulative coal production for the financial year 2024-25 has witnessed a remarkable leap of 9.78%, reaching 321.45 MT (provisional) by July 2024.

Complementing the production figures, coal dispatch also exhibited robust growth. The cumulative coal dispatch for July 2024 stood at 79.54 MT, representing a 4.58% increase over the same period in 2023. Notably, the cumulative dispatch for the financial year 2024-25 has surged by 7.92% to 341.61 MT (provisional).

A key indicator of the sector’s health is its coal stock levels. As of July 31, 2024, coal companies collectively held 86.8 MT of coal, reflecting an impressive annual growth rate of 43.85%. This substantial increase in coal stock underscores the sector’s efficiency and preparedness to meet future energy requirements.

The Ministry of Coal’s consistent efforts to enhance production, dispatch, and stock levels have been instrumental in driving the sector’s growth. These achievements reinforce the coal sector’s pivotal role in India’s energy landscape and its unwavering commitment to supporting the nation’s economic progress.

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