According to a press release by the Ministry of Coal, amidst rising energy demands, these PSUs have not only ramped up coal production but have also made notable progress in environmental preservation through comprehensive land reclamation and greening efforts.
In May 2024, India's coal production reached 83.91 million tonnes on a provisional basis, exhibiting a growth rate of 10.15 per cent compared to the corresponding period of the previous year, as per a release from the Ministry of Coal.
According to the press release by the Ministry of Coal, a Sub-Group mechanism, comprising representatives from the Ministry of Power, Ministry of Coal, Ministry of Railways, and power generating companies, has played a crucial role in maintaining this steady supply.
According to a press release by the Ministry of Coal, moreover, the index for the entire FY 2023-24 has seen a notable surge of 7.5 per cent over the previous fiscal year.
According to a press release by the Ministry of Coal, during April 2024, Coal India Limited (CIL), the state-owned coal mining company, achieved a coal production of 61.78 MT (Provisional), marking a growth of 7.31 per cent compared to the same period last year when it produced 57.57 MT.
The coal sector in India has exhibited highest growth of 11.6 per cent (provisional) among the eight core industries for the month of February 2024 as per the Index of Eight Core Industries (ICI) released by Ministry of Commerce and Industries.
According to a press release, this initiative aligns with the Prime Minister's vision of 'Panchamrit' announced during COP-26 and underscores India's commitment to achieving net-zero carbon emissions by 2070.
According to a press release by the Ministry of Coal, on the first day of the auction, a total of eight coal mines were put up for bidding, out of the thirteen scheduled for auction.
According to a press release by the Ministry of Coal, the sector has not only significantly contributed to meeting the nation's energy demands but has also emerged as a major source of employment, particularly in coal-rich regions across the country.
State-owned companies operating in the coal sector have made capital expenditure spending worth Rs 22,448 crore as of February of 2023-24, overshooting the target of Rs 21,030 crore.
According to a press release by the Ministry of Coal, through robust initiatives and strategic planning, MoC and its associated Public Sector Undertakings (PSUs) have made significant strides in capital expenditure (CAPEX), asset monetization, and procurement through Government e-Marketplace