+
Govt aims 1 bn tonne coal production in FY24
COAL & MINING

Govt aims 1 bn tonne coal production in FY24

The coal ministry has, for the first time, established an ambitious goal for the industry's "Action Plan" that calls for 1 billion tonnes of coal to be produced between 2023 and 2024, along with a capex target of 210,300 million for its PSUs. The Ministry of Coal said in a statement that it has conceptualised the Action Plan for FY24 with the objective of achieving Aatmanirbhar Bharat by boosting the production, efficiency, sustainability, new technologies, etc. in the coal sector.

It stated that the roadmap was "ambitious and well-crafted, covering a variety of areas, including a total coal production target of 1012 MT for 2023–24.

To increase coal production and efficiency, the ministry has already taken a number of measures, including hiring mining developers and operators (MDO) to operationalize CIL (Coal India) mines and blocks and to produce coal at closed or abandoned mines on a revenue-sharing basis.

The coal ministry has, for the first time, established an ambitious goal for the industry's Action Plan that calls for 1 billion tonnes of coal to be produced between 2023 and 2024, along with a capex target of 210,300 million for its PSUs. The Ministry of Coal said in a statement that it has conceptualised the Action Plan for FY24 with the objective of achieving Aatmanirbhar Bharat by boosting the production, efficiency, sustainability, new technologies, etc. in the coal sector. It stated that the roadmap was ambitious and well-crafted, covering a variety of areas, including a total coal production target of 1012 MT for 2023–24. To increase coal production and efficiency, the ministry has already taken a number of measures, including hiring mining developers and operators (MDO) to operationalize CIL (Coal India) mines and blocks and to produce coal at closed or abandoned mines on a revenue-sharing basis.

Next Story
Infrastructure Urban

Revolt Motors Unveils ‘Azadi From Petrol’ Offer

To mark India’s 78th Independence Day, Revolt Motors, the country’s leading electric motorcycle brand, has introduced its special “Azadi From Petrol” offer, encouraging riders to break free from rising fuel costs and embrace smarter, sustainable mobility.Under this limited-period scheme, customers purchasing any Revolt electric motorcycle can enjoy benefits worth up to Rs 20 million. The package includes zero insurance fees, providing free coverage valued at up to Rs 7 million, along with cash savings of up to Rs 13 million.The initiative highlights Revolt’s mission to make electric ..

Next Story
Infrastructure Energy

Inox Green Signs 182 MW Wind O&M Deal

Inox Green Energy Services Ltd., one of India’s leading renewable energy operations and maintenance (O&M) providers, has signed an agreement with a major diversified Indian conglomerate for the comprehensive O&M of 182 MW of operational wind projects under its renewable energy division.Located across multiple sites in Western India, these projects are integrated with common infrastructure owned by Inox Green. The deal includes converting 82 MW of wind projects from limited-scope to comprehensive O&M, as well as renewing comprehensive O&M for another 100 MW well ahead of sched..

Next Story
Infrastructure Urban

MPL Q1 Profit Rises to Rs 144 Million

Manali Petrochemicals Limited (MPL), a leading petrochemical manufacturer and part of AM International, Singapore, has reported its unaudited consolidated financial results for the quarter ended 30 June 2025.The company posted a consolidated total income of Rs 2.43 billion for the quarter, up from Rs 2.38 billion in the preceding quarter ended 31 March 2025. Profit Before Tax (PBT) stood at Rs 200 million, compared to Rs 159 million in the previous quarter, while Profit After Tax (PAT) rose to Rs 144 million from Rs 108 million. For the full year ended 31 March 2025, MPL recorded a total incom..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?