Coal manufacturing from captive and industrial mines at document excessive in FY24

The cumulative coal manufacturing from captive and industrial mines rose by a wholesome 27 per cent y-o-y to hit a document 147.2 million tonnes (MT) within the final monetary 12 months, which concluded in March 2024.

Moreover, the dispatch of the important commodity throughout FY24 additionally rose by 30 per cent y-o-y to 143 MT, in opposition to 110 MT throughout FY23.

Whole output

Out of the overall manufacturing of 147.2 MT, energy sector captive mines produced round 121.3 MT, whereas captive mines of the non-power sector produced 8.4 MT. The manufacturing progress in energy sector captive mines in comparison with the earlier 12 months is nineteen per cent and in non-power captive mines is 63 per cent.

Coal manufacturing from industrial mines stood at 17.5 MT in FY24. Industrial coal mines performed an necessary position with a progress of 93 per cent in comparison with 9.1 MT throughout FY23.

“In a testomony to India’s coal sector’s exponential progress, manufacturing from industrial coal mines has surged by a powerful 93 per cent, reaching 17.5 MT in 2023-24 from 9.07 MT in 2022-23. Moreover, manufacturing from captive and industrial coal mines has seen a strong 27 per cent progress, reaching 147.2 MT in 2023-24 from 116 MT in 2022-23. These milestones underscore the sector’s exceptional enlargement and the nation’s dedication to power self-sufficiency,” Coal Minister Pralhad Joshi stated.

Operational mines

As of March 2024, a complete of 58 coal mines are beneath manufacturing whereas 49 mines had been producing a year-ago. A complete of 9 new coal mines commenced manufacturing throughout FY24, which incorporates 4 captive mines and 5 industrial coal mines.

Until date, 104 coal mines with a Peak Rated Capability (PRC) of round 226.20 million tonnes each year (MTPA) have been efficiently auctioned. Out of those, vesting orders have been issued for 80 coal mines (captive) and 9 coal mines (industrial) with PRC of 24.30 MTPA have already commenced the coal manufacturing.

The early operationalisation from these mines not solely displays the success of the industrial coal regime in attracting investments but additionally underscores its capacity to expedite venture execution, Coal Ministry stated.

The gamers which have began coal manufacturing from industrial coal mines embrace Jindal Metal and Energy (Gare Palma IV/1, Gare Palma IV/2 and IV/3, Gare Palma IV/6 and Utkal C); Sarda Power and Mineral (Gare Palma IV/7); Boulder Stone Mart (Gotitoria East and West) and Aurobindo Realty and Infrastructure (Takli Jena Bellora North and South), it added.

The early operationalisation has been potential via impeccable coordination between the coal block allottees, Coal Ministry and different authorities companies such because the Ministry of Surroundings, Forest and Local weather Change, State governments and so forth.