India's coal production rises 15% in April-February period
Coal India Ltd, which accounts for over 80 per cent of coal output, produced 619.70 MT from April to February of FY23 as compared to 542.38 MT during the same period of FY22, registering a growth of 14.26 per cent
India's coal output increased by 15.10 per cent to 784.41 million tonnes (MT) during April-February period of the ongoing fiscal.
The country's coal output was at 681.5 MT in the year-ago period, as per provisional figures of the coal ministry.
Coal India Ltd, which accounts for over 80 per cent of coal output, produced 619.70 MT from April to February of FY23 as compared to 542.38 MT during the same period of FY22, registering a growth of 14.26 per cent.
Also Read: Fintech sector is catalysing India's growth story among unbanked population
"Coal ministry has paved the way for releasing additional coal in the market by greater utilisation of mining capacities of captive coal blocks which has led to increase in production by captive and other companies by 29.83 per cent to 104.58 MT (provisional figure) during Apr'22-Feb'23 as compared to 80.55 MT produced during the corresponding period of FY 22," the ministry said in a statement.
The total coal despatch was at 793.86 MT during April-February period of current fiscal as compared to 740.96 MT in the year-ago period, registering a growth of 7.14 per cent. This shows steady and efficient amount of coal despatch to various sectors across the nation.
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
10:01 PM IST