Overall coal stock reaches 88.01 MT registering an increase of 24.7%
New Delhi: The overall coal stock position, inclusive of mines, TPPs (DCB), and transit, as of August 23 reached 88.01 MT, indicating a substantial increase of 24.7% as compared to the stock of 70.61 MT on the same date in the previous year, according to the Ministry of Coal.
Additionally, the Pithead Coal Stock at Coal India Limited (CIL) as of August 23 stands at 46.13 MT, showcasing a growth rate of 45.5% as compared to the stock of 31.70 MT on the same date last year.
In terms of Coal Dispatch to the power sector, the cumulative achievement for the FY 2023-24 as of August 23, amounted to 307.97 MT, registering a notable growth rate of 5.6% compared to the corresponding period of the previous year ensuring a steady supply of coal to meet the energy requirements of the power sector.
Overall, Cumulative Coal Production for FY 2023-24 has witnessed remarkable growth, with a production of 340.31 MT, representing an impressive growth rate of 10.52% compared to the previous year's 307.92 MT.
Furthermore, the Overall Coal Dispatch has seen a substantial increase, reaching 371.11 MT, up 9.58% compared to the previous year's dispatch of 338.66 MT.
“Coal Ministry is taking all necessary measures to promote sustainable growth in the coal sector through meticulous strategic planning and efficient execution to enhance domestic Coal Production capabilities. These efforts aim to strengthen the power sector in meeting the surging energy demands of the nation,” said the ministry.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Viral video sparks outrage as critics claim NYC Mayor Zohran Mamdani made ‘Nazi Salute’
Madhuri Dixit’s Mrs. Deshpande smashes records, beats Stranger Things S5!
Tripura exports organic white sesame to Gujarat; 5.50 cr organic produce shipped since 2023
Governor launches five new titles by PP Publications, including Tripura’s first Kokborok children’s books
