During the first quarter of the fiscal year 2023-24, India's coal production increased by 8.4% to 222.93 million tonnes (MT), compared to 205.65 MT in the same period the previous year.
Coal India Limited (CIL) achieved a growth rate of 9.85%, producing 175.35 MT in FY 2023-24. Captive mines and other producers also saw a growth of 4.74%, reaching 30.48 MT.
These accomplishments have positively impacted the coal sector as a whole. Coal dispatches in Q1 of FY 2023-24 reached 239.69 MT, showing a growth rate of 6.97% compared to Q1 of FY 2022-23.
CIL played a crucial role in meeting the increased demand, with dispatches of 186.21 MT, a growth rate of 5.32%.
Other companies, such as Singareni Collieries Company Limited (SCCL) and captive mines/others, also experienced growth in dispatch figures. The improved offtake has resulted in a comfortable coal stock position, with the total coal stock as of June 30, 2023, reaching 107.15 MT, a growth of 37.62% compared to the previous year.
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