13 Dec 2022 , 08:33 AM
Coal production from coal blocks during April-November of Financial year 2022-23 was reviewed by Amrit Lal Meena, Secretary (Coal) on Monday with project proponents of operational coal blocks.
Secretary (coal) informed that the target for the country is 900 million ton and contribution of captives/ commercial mines is significant and he hoped that they will produce as per target.
Ministry of coal is taking all necessary steps and coordinating with State and Central agencies for starting new coal mines and for increasing coal production from operational mines.
Additional Secretary & Nominated Authority, MoC said, “Coal production from captive/commercial coal mines has increased to 67.16 million ton in April-November period of 2022-23 from 50.49 million ton during the same period of 2021-22. Increase in coal production for April-November 2022-23 over the same period of 2021-22 is about 33%.”
He also said that three new coal mines have started coal production in FY 2022-23 and three other coal mines will start coal production by March 2023. Coal ministry estimates more than 120 million ton production from captive/commercial coal blocks in year 2022-23 with increase of about 40% over 85.32 million production in FY 2021-22.
Mine -wise review of operational coal blocks were made and project proponents were asked to declare the likely coal production in current year. Project Proponents have assured for about 120 million coal production in FY 2022-23 and about 165 million ton in FY 2023-24.
Further, project proponents also shared the efforts made by them and the challenges faced. Ministry of Coal assured to provide all possible support in resolving the issues.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.