India's coal production CAGR rises to 5.63% in 2023-24

01 Jul 2024 CW Team

India, possessing the world's fifth-largest coal reserves and the second-largest coal consumption, has seen notable changes in its coal import and production patterns, suggesting a calculated attempt to become more energy independent. India's coal output grew at a compound annual growth rate (CAGR) of 4.44 percent between fiscal years 2004?05 and 2013?14 and 5.63 percent between fiscal years 2014?15 and 2023?24, according to recent statistics. The country's concerted efforts over the past 10 years to increase domestic coal output are the cause of this increase. Simultaneously, the CAGR for coal imports showed a noticeable decrease. From a peak of 21.48% between 2004?05 and 2013?14, it dropped to a meagre 2.49 percent between 2014?15 and 2023?24. Furthermore, the percentage of imported coal consumed generally decreased as well, with the CAGR falling from 13.94% in the earlier period to around -2.29 % in the latter period. These developments highlight India's strategic goal of lowering its reliance on imported coal, even while imports are still required to satisfy some industrial demands, such as the manufacturing of steel, as indigenous deposits of high-grade thermal coal and coking coal are not readily available. This change is part of India's larger plan to increase energy security by making the most of its own coal resources and utilising cutting-edge technologies. This strategy supports the national objective of Atmanirbhar Bharat, or self-sufficient India, which emphasises the significance of self-sufficiency in vital areas like energy. As India continues down this route, the country's energy landscape will be significantly impacted by the decrease in import reliance and the expansion of local coal production capacity.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..