Coal Block Operationalization: Govt Urges Owners to Take Action

By By Rediff Money Desk, NEWDELHI
Nov 28, 2023 18:45
India's coal ministry has urged coal block owners to operationalize mines to boost domestic production and reduce fossil fuel imports. The goal is to reach 145 MT coal production in FY24.
Photograph: Amit Dave/Reuters
New Delhi, Nov 28 (PTI) The government on Tuesday asked coal block owners to take necessary steps to operationalise mines that are at an advanced stage of commissioning.

In FY24, India might produce 145 Million Tonnes (MT) of coal from commercial and captive blocks, that would help bring down the country's import of fossil fuel.

M Nagaraju, Additional Secretary and Nominated Authority, Ministry of Coal, chaired a review meeting of producing and expected to produce captive and commercial coal mines during 2023-24.

During the meeting, Nagaraju asked the companies allotted coal blocks to take necessary steps to achieve production target of the current fiscal.

"The total coal production from captive/commercial coal mines during April 1, 2023 to November 20, 2023 was around 80 MT, indicating a year-on-year growth of 23 per cent from the same period of FY 2022-23," the coal ministry said in a statement.
Read More On:
coal productioncoal minescoal blockfossil fuelindia coal
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

US Informs WTO: Steel, Aluminum Tariffs Are...

The US has informed the WTO that its tariffs on steel and aluminum are based on...

Infosys CEO Salil Parekh Gets Rs 51 Crore ESOPs

Infosys board approves over Rs 51 crore worth of ESOPs for CEO Salil Parekh, including...

Vodafone Idea Network Outage: Services Restored...

Vodafone Idea experienced a network outage in the early hours of Friday, affecting...

Maharashtra Vision 2047: Advisory Committee for...

Maharashtra government forms advisory committee led by CM to create vision plan for...

Mangi Lal Jat Appointed Secretary, DARE & ICAR DG

Mangi Lal Jat, currently Deputy Director General at ICRISAT, has been appointed as...

ITC Acquires 24 Mantra Organic for Rs 472.50 Cr

ITC to acquire 24 Mantra Organic brand for Rs 472.50 crore, strengthening its presence...

ABB to Spin Off Robotics Division in 2026

ABB plans to spin off its Robotics division, creating a separate publicly traded...

Motilal Oswal MF Acquires Coforge Shares for Rs...

Motilal Oswal Mutual Fund has bought additional shares of Coforge worth Rs 231 crore...

India Steel 2025: PM Modi to Inaugurate Event...

Prime Minister Narendra Modi will inaugurate the India Steel 2025 event in Mumbai on...

Zydus MedTech Partners with Braile Biomedica...

Zydus MedTech collaborates with Braile Biomedica to commercialize TAVI technology...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com