India’s Record Coal Production in 2023-24

India’s coal production reached unprecedented levels in the fiscal year 2023-24, totalling 997.826 million tonnes. This marked an impressive increase of 11.71% from the previous year’s output of 893.191 million tonnes. By mid-December 2023, India had already supplied approximately 963.11 million tonnes of coal, reflecting robust demand and efficient supply chains.

Factors Contributing to Increased Production

The surge in coal production can be attributed to several key factors. The government’s ‘Atmanirbhar Bharat‘ initiative aims to enhance self-reliance in coal production. This initiative encourages investment in mining technologies and infrastructure. Additionally, the demand for coal in various sectors, including power generation and steel manufacturing, has driven production levels higher.

Domestic Raw Coking Coal Production

In 2023-24, domestic raw coking coal production reached 66.821 million tonnes. This type of coal is essential for steel production and is critical for the country’s industrial growth. The Ministry of Coal anticipates that production will increase, projecting a target of 140 million tonnes over the next five years.

Future Projections and Initiatives

Looking ahead, the Ministry of Coal is optimistic about continued growth in coal production. The strategic initiatives under the ‘Atmanirbhar Bharat’ programme are expected to yield substantial increases in both coking and thermal coal output. Investments in new technologies and sustainable mining practices will play important role in achieving these targets.

The increase in coal production is vital for India’s energy security. As the country seeks to meet its rising energy demands, coal remains a primary source of electricity generation. Ensuring a stable supply of coal will help mitigate potential energy crises and support economic development.

GKToday Notes:

1. Atmanirbhar Bharat: This initiative aims for self-reliance in various sectors. It encourages local production and investment. It focuses on enhancing domestic capabilities and reducing dependency on imports.
2. Coking Coal: Coking coal is crucial for steel production. It undergoes a specific carbonisation process. Its quality affects steel’s properties and is essential for industrial growth.
3. Energy Security: Energy security ensures a stable energy supply. It is vital for economic growth and development. India aims to balance energy sources for sustainable progress.

Month: Current Affairs - December, 2024

Category: Economy & Banking Current Affairs