Coal surges 10.2 %in May 2024
COAL & MINING

Coal surges 10.2 %in May 2024

The coal sector emerged as the top performer in May 2024, achieving a 10.2% growth, according to the Index of Eight Core Industries (ICI) data released by the Ministry of Commerce & Industries. The coal industry's index rose to 184.7 points, up from 167.6 points in the same period last year. Over the April-May 2024-25 period, the cumulative index for coal increased by 8.9% compared to the previous year. The coal sector's index reached 184.7 points in May 2024, up from 167.6 points in May 2023. This marks a 10.2% year-on-year growth. The cumulative index for coal saw an 8.9% increase during April-May 2024-25 over the corresponding period of the previous year. The ICI, which uses 2011-12 as its base year, evaluates the production performance of eight core industries: cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel. The Combined Index of Eight Core Industries experienced a notable 6.3% rise in May 2024 compared to the same period in the previous year. This underscores the coal sector's substantial contribution to overall industrial growth. The coal sector has consistently outperformed its counterparts, demonstrating higher growth than the overall growth of the eight core industries in the last two financial years. In May 2024, coal production reached 83.91 million tonnes, marking a 10.15% increase compared to the same period in the previous year. This production boost highlights the sector's capability to meet the growing energy and manufacturing demands. The robust performance of the coal sector is attributed to the Ministry of Coal's persistent efforts and proactive initiatives. These efforts align with the ?Atmanirbhar Bharat? vision, aiming to enhance the nation's self-sufficiency and energy security. The Ministry's initiatives have played a critical role in bolstering the sector's capacity and output, contributing significantly to the overall growth of the core industries. "The coal industry has consistently outperformed its counterparts, demonstrating higher growth than the overall growth of the eight core industries in the last two financial years," a statement from the coal ministry said.

"The exceptional expansion of the coal sector, coupled with its substantial role in driving the overall growth of the eight core industries, stands as evidence of our dedicated efforts," a coal ministry official added. By achieving significant growth, the coal sector is reinforcing its pivotal role in India's industrial landscape, driving forward the nation's energy and manufacturing capabilities. (Source: ET)

The coal sector emerged as the top performer in May 2024, achieving a 10.2% growth, according to the Index of Eight Core Industries (ICI) data released by the Ministry of Commerce & Industries. The coal industry's index rose to 184.7 points, up from 167.6 points in the same period last year. Over the April-May 2024-25 period, the cumulative index for coal increased by 8.9% compared to the previous year. The coal sector's index reached 184.7 points in May 2024, up from 167.6 points in May 2023. This marks a 10.2% year-on-year growth. The cumulative index for coal saw an 8.9% increase during April-May 2024-25 over the corresponding period of the previous year. The ICI, which uses 2011-12 as its base year, evaluates the production performance of eight core industries: cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel. The Combined Index of Eight Core Industries experienced a notable 6.3% rise in May 2024 compared to the same period in the previous year. This underscores the coal sector's substantial contribution to overall industrial growth. The coal sector has consistently outperformed its counterparts, demonstrating higher growth than the overall growth of the eight core industries in the last two financial years. In May 2024, coal production reached 83.91 million tonnes, marking a 10.15% increase compared to the same period in the previous year. This production boost highlights the sector's capability to meet the growing energy and manufacturing demands. The robust performance of the coal sector is attributed to the Ministry of Coal's persistent efforts and proactive initiatives. These efforts align with the ?Atmanirbhar Bharat? vision, aiming to enhance the nation's self-sufficiency and energy security. The Ministry's initiatives have played a critical role in bolstering the sector's capacity and output, contributing significantly to the overall growth of the core industries. The coal industry has consistently outperformed its counterparts, demonstrating higher growth than the overall growth of the eight core industries in the last two financial years, a statement from the coal ministry said. The exceptional expansion of the coal sector, coupled with its substantial role in driving the overall growth of the eight core industries, stands as evidence of our dedicated efforts, a coal ministry official added. By achieving significant growth, the coal sector is reinforcing its pivotal role in India's industrial landscape, driving forward the nation's energy and manufacturing capabilities. (Source: ET)

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?