India Achieves 47 % growth in Coal Production during last Nine Years
Tags: Economy/Finance National News
During the last nine years, India's total coal production has increased by 47 percent to 893.08 million tonnes (MT) and supply has reached 877.74 million tonnes, registering a growth of 45.37 percent.
An overview of the news
In FY2023, the country has made a huge jump in the history of coal production with 893.08 MT.
As per the action plan for 2023-24 of the Ministry of Coal, there is a target of 1012 million tonnes of coal production in the financial year 2023-24 by increasing overall production, efficiency, stability and adoption of new technologies.
During the financial year 2022-23, the Ministry of Coal has signed agreements for a total of 23 coal mines with a cumulative peak rated capacity (PRC) of 33.224 MT per annum.
It is expected that 25 coal blocks will be allotted for commercial mining during the financial year 2023-24.
Mission 'Coking Coal'
Mission 'Coking Coal' has been launched by the government in August 2021 with a roadmap that will suggest ways to increase production and utilization of domestic coking coal in India by 2030.
In this mission, mainly recommendations related to new exploration, increasing production, increasing washing capacity, auction of new coking coal mines have been made.
Objective of Mission 'Coking Coal'
To increase coking coal production from 52 million tonnes (MT) in FY2022 to 140 MT in FY2030.
To increase coking coal washing capacity from 23 MT in FY2022 to 61 MT in FY2023.
Use of Coking Coal
It is mainly used in the manufacture of steel through the blast furnace route.
Domestic coking coal generates very high ash content (mostly between 18%-49%) which is not suitable for direct use in blast furnaces.
To reduce the ash percentage, the coking coal is washed and Indian prime and medium coking coal (<18% ash) is blended with imported coking coal (<9% ash) before use in the blast furnace.
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