India’s coal production grew 14.65% year-on-year to a record 892.21 million tonnes ( mt) has been reached. mine.
The world’s second largest coal consumer, the country produced 778.19 tons of major commodities in FY2010 and 716.08 tons in FY2009. In addition, he recorded 876.72 mt for dry fuel offtake in 2011. However, all-India production fell short of his FY23 target of 911 tonnes.
“This is a historic moment for the coal sector. Congratulations to all the coal warriors and stakeholders for achieving record growth. , produced more than 892 tonnes of coal in fiscal year 2023. CIL has done a great job of exceeding 700 tonnes this year,” Coal Minister Pralhad Joshi told reporters.
The coal sector’s contribution to economic growth has fueled India’s rise under Prime Minister Narendra Modi’s leadership, and the ministry will continue to meet the country’s growing energy needs, he added.
CIL production increased by nearly 13% to 703.20 mt in FY2011, while production from captive and commercial mines increased by 34.59% to 121.88 mt in FY2011. Production from Singareni Collieries Company (SCCL) increased marginally to 67.14 mt, up 3.25% year-on-year.
Coal demand increased from 906.13 mt in FY2009 to 1,027.92 mt in FY2010. Demand for the 23rd year he was valued at 1,087 tons.
Domestic production is proposed to increase to 1,017 tonnes in FY2012, and is likely to increase by another 9-10% in FY2025, as coal demand is expected to increase due to economic growth. Coal is India’s main source of supply, so demand is expected to peak between 2030 and 2035.
Increased power consumption
Domestic coal demand by power sector in FY24 is accessed at 821 mt. This is due to increased consumption by domestic and industrial consumers. Electricity demand is expected to grow by 5-7% in the current financial year.
The Central Electricity Authority (CEA) forecasts India’s energy demand to reach 142 billion units (BU) in April 2023.
The Ministry of Power projects a peak demand of 212 gigawatts (GW) in March 2023. In FY24, summer season (April to June) peak demand is expected to be 230 GW.