According to the coal ministry, more than one billion tons of coal would probably be shipped in the current fiscal year. This was announced on Thursday. During the current fiscal year, the coal ministry aims to produce and deliver 1,012 million tonnes (MT) of coal to customers. The rate of production and dispatch is often higher in the second half of the year than it is in the first.
As a result, it is anticipated that this year’s coal exports will surpass one billion tons, according to a statement from the coal ministry. On November 9, 500 MT of coal were dispatched during the previous fiscal year. The 500 MT dispatch milestone has been met 23 days ahead of schedule this year.
As of October 17, 2023, the Ministry has dispatched 500 MT of coal, setting a new milestone for performance. It was said that the shipment of 500 MT of coal in 200 days during the monsoon season in the first half of the year was an incredible accomplishment.
The electricity industry has used 416.57 MT of the 500 MT of coal dispatched, while the non-regulatory sector has used 84.77 MT. “Coal transport growth to the power sector is 7.27 percent year over year, and growth to the non-regulated sector is 38.02 percent year over year,” the report stated. 893.19 million tonnes of coal were shipped as at March 31, 2023, the end of the previous fiscal year. This accomplishment of the coal ministry has been made possible by Coal India Ltd (CIL), Singareni Collieries Company Ltd (SCCL), and captive/commercial mines. More than 80% of the country’s coal production comes from CIL.
