India’s coal production in June 2024 has shown impressive growth, with output reaching 84.63 million tonnes (MT), marking a 14.49 per cent increase compared to the same period last year. This surge is attributed to the significant role played by state-owned Coal India Limited (CIL), which achieved a production of 63.10 MT, reflecting an 8.87 per cent increase from the previous year. Additionally, production from captive and other coal producers collectively rose by 55.49 per cent, reaching 16.03 MT in June 2024.
The growth in coal production highlights the increasing role of private and captive miners in supplementing the coal supply in India. In terms of coal dispatches, there was also a significant uptrend, with total dispatches for June 2024 reaching 85.76 MT, a 10.15 per cent increase compared to the same month in 2023. CIL alone dispatched 64.10 MT of coal, showing a 5.41 per cent increase from the previous year, while dispatches from captive and other coal producers grew impressively by 43.84 per cent, reaching 16.26 MT.
The Ministry of Coal also reported a notable increase in coal stockpiles as of June 30, 2024. Coal companies held a total stockpile of 95.02 MT, reflecting a robust annual growth rate of 41.68 per cent. Thermal power plants (TPP) also saw a significant rise in coal stocks, with their reserves reaching 46.70 MT, marking an annual growth of 30.15 per cent. These increases in coal production and stockpiling are crucial for ensuring uninterrupted power supply across the country, especially during peak demand periods.
The surge in coal production and stockpiling aligns with the Indian government’s vision of “Atma Nirbhar Bharat” (Self-Reliant India), emphasizing the importance of self-sufficiency in key sectors like coal. The growth in production and dispatches, along with the increase in stockpiles, reflects positive momentum in the coal sector, contributing to India’s energy security and supporting economic growth. With private and captive miners playing an increasingly significant role, the coal industry is poised for further expansion and development in the coming years.
Overall, the increase in coal production, dispatches, and stockpiles in June 2024 underscores the resilience and growth potential of India’s coal sector. With a focus on self-reliance and bolstering domestic production, the country is making strides towards ensuring a stable and secure energy supply for its growing economy. The government’s efforts to promote private participation and enhance efficiency in the coal industry are driving positive outcomes, as evidenced by the recent surge in production and stockpiling levels. As India continues to strive for energy security and self-sufficiency, the coal sector is expected to play a crucial role in supporting the country’s development and progress.
