The coal sector showed the highest growth rate of 14.8% among the eight core industries for June 2024, according to the Index of Eight Core Industries released this week by the Ministry of Commerce and Industries.
The index for the coal industry reached 186.4 points in June 2024, up from 162.4 points during the same period last year. Its cumulative index increased by 10.8% from April to June in FY25 compared to the previous year.
The Index of Core Industries (ICI) tracks the combined and individual production performance of eight core sectors: cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel. The combined index for these eight core industries rose by 4.0% in June 2024 compared to the same month in the previous year, highlighting the coal sector’s significant contribution to overall industrial growth.
The coal sector has consistently outpaced other sectors, showing significantly higher growth compared to the overall eight core industries over the past two years. This impressive performance is driven by a substantial increase in coal production in June 2024, with output reaching 84.71 million tonnes—a 14.6% rise from the previous year. This growth reflects the sector’s ability to meet the increasing energy and manufacturing demands.
In July, the coal sector continued to excel. Cumulative coal production up to July 2024 was 321.45 million tonnes (MT) in FY25, compared to 292.80 MT in the same period of FY24, marking a 9.78% increase. Total coal dispatches also saw significant growth, reaching 79.54 MT in July 2024, up from 76.05 MT in July 2023, a growth rate of 4.58%. Cumulative coal dispatches up to July 2024 stood at 341.61 MT, compared to 316.54 MT during the same period in FY24, reflecting a 7.92% increase.
As of July 31, 2024, coal stocks held by companies surged to 86.8 MT, an impressive annual growth rate of 43.85%, highlighting the sector’s strong performance and efficiency.
These statistics underscore the coal sector’s resilience and its crucial role in supporting the nation’s energy needs, contributing to the vision of an Atmanirbhar Bharat.
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