The Business Bytes
TBB BUREAU
NEW DELHI, MAR 5, 2024
India’s coal production witnessed a substantial growth of 11.83 per cent in February, reaching 96.60 million tonnes compared to 86.38 MT during the same period last year, as per data released by the Coal Ministry on Tuesday.
The output from the public sector powerhouse, Coal India Limited (CIL), surged by 8.69 per cent to 74.76 MT in February, up from 68.78 MT recorded in February 2023. The cumulative coal production for the first 11 months of the current financial year, up to February 2024, soared to 880.72 MT, marking a notable 12.14 per cent increase compared to 785.39 MT during the same period in FY 2022-23.
Moreover, coal dispatches experienced a significant uptick in February this year, reaching an impressive 84.78 MT, a notable rise from the 74.61 MT recorded in February 2023, reflecting a robust 13.63 per cent growth rate and indicating improvements in logistics, according to data from the Coal Ministry.
The enhanced coal movement within the country also underscores the commendable performance of the Indian Railways, facilitating more efficient operations of power plants.
Coal India Limited (CIL) showcased a resilient performance in dispatches, reaching 65.3 MT in February 2024 compared to 58.28 MT in February 2023, translating to a commendable growth rate of 12.05 per cent.
The cumulative coal dispatches up to February 2024 surged significantly to 882.44 MT (Provisional) in FY 2023-24, marking an 11.08 per cent increase compared to 794.41 MT during the corresponding period in FY 2022-23.
