Coal dispatch may exceed one billion tonnes this fiscal: Coal ministry
The Indian coal ministry expects coal dispatch to exceed one billion tonnes in the current fiscal year, according to a statement. The ministry has set a target to produce and dispatch 1,012 million tonnes of coal, and it anticipates that the secon...
"During the second half of the year, the rate of production and dispatch is normally higher than the first half of the year. It is, therefore, expected that this year's dispatch of coal would exceed the one billion tonne mark," the coal ministry said in a statement.
During the last financial year, coal dispatch of 500 MT happened as on November 9. During the current year, the 500 MT dispatch mark has been achieved 23 days in advance.
"Achieving record high performance, the Ministry has been able to dispatch 500 MT coal as on October 17 2023. Dispatch of 500 MT of coal in 200 days, despite the monsoon season, in the first half of the year, is an outstanding achievement," it said.
Out of 500 MT of coal dispatch, 416.57 MT has been for the power sector and 84.77 MT for the non-regulatory sector.
"The growth of coal transport to the power sector year-to-year is 7.27 per cent and growth to the non-regulated sector year-to-year is 38.02 per cent," it said.
Last financial year as on March 31, 2023, 893.19 million tonnes of coal was dispatched.
Coal India Ltd (CIL), Singareni Collieries Company Ltd (SCCL) and captive/commercial mines all have contributed to this achievement of the coal ministry.
CIL accounts for over 80 per cent of domestic coal output.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.