India Achieves Record Coal Production of 997.828 Million Tonnes in FY 2023-24

Team Finance Saathi

    01/Aug/2024

Key Points:

India’s coal production reached a record high of 997.828 million tonnes in FY 2023-24.

Coal imports also increased, reaching 261.001 million tonnes.

The Directorate General of Mines Safety (DGMS) oversees mining safety and regulations under the Mines Act 1952.

In the fiscal year 2023-24, India achieved its highest-ever coal production, reaching a provisional figure of 997.828 million tonnes (MT). This significant milestone marks a notable increase from previous years, showcasing the country’s ability to boost domestic coal output while managing import reliance. The steady rise in coal production from 730.874 MT in 2019-20 to 893.191 MT in 2022-23 culminates in this record-breaking achievement, reflecting the industry's growth and efficiency.

Growth in Coal Production and Imports

India's coal production has seen a robust increase over the past few years. In the latest fiscal year, the country produced 997.828 MT, a substantial rise from 893.191 MT in the previous year. This upward trend highlights the effective strategies implemented to enhance production capabilities and meet the growing energy demands. Additionally, coal imports have also risen, reaching 261.001 MT in 2023-24 compared to 248.537 MT in 2019-20. This increase in imports underscores the need to supplement domestic production to ensure a stable supply of coal for various sectors.

Regulatory Framework and Safety Measures

Coal mining in India is regulated under the Mines Act 1952, with the Directorate General of Mines Safety (DGMS) playing a pivotal role in ensuring safe and efficient mining operations. The DGMS is tasked with developing safety legislation, conducting inspections, investigating accidents, and implementing comprehensive risk management strategies. Several measures have been introduced to enhance mine safety and reduce the risk of accidents. These include Site-Specific Risk Assessment-based Safety Management Plans (SMPs), Principal Hazards Management Plans (PHMPs), and extensive training programs for workers.

Also Read : Government Announces 12 New Industrial Parks and Mega Textile Hubs to Boost Economic Growth

Safety Initiatives in Open Cast and Underground Mines

For Open Cast (OC) mines, various initiatives are in place to ensure safety and environmental sustainability. The use of eco-friendly Surface Miners, advanced safety technologies, and ergonomic improvements are some of the steps taken to minimize environmental impact and enhance operational safety. In Underground mines, efforts focus on mechanization, improved roof control, and emergency response planning. These initiatives aim to create safer working conditions and reduce the incidence of accidents.

Continuous Supervision and Inspections

Continuous supervision and regular inspections are crucial for maintaining compliance with safety standards and enhancing operational efficiency. The DGMS conducts regular inspections and monitors mining activities to ensure adherence to safety protocols. This proactive approach helps in identifying potential hazards and implementing corrective measures promptly.

Implications of Record Coal Production

The record coal production of 997.828 MT in FY 2023-24 has several implications for India's economy and energy sector. Firstly, it demonstrates the country’s ability to increase domestic production and reduce dependency on imports. This achievement contributes to energy security and supports the country's industrial and economic growth. Secondly, the increase in production capacity signifies the effective implementation of policies and technological advancements in the mining sector. The government's focus on improving safety standards and operational efficiency has also played a crucial role in achieving this milestone.

Government's Vision and Future Outlook

The Indian government has set ambitious goals for the coal industry, aiming to further increase production and reduce environmental impact. Initiatives such as setting up new industrial parks and mega textile hubs are part of the broader strategy to boost economic growth and create job opportunities. The government's vision of a US$ 35 trillion economy by 2047 relies on robust industrial and energy sectors. As part of this vision, the coal industry will continue to play a vital role in meeting the country's energy needs and supporting industrial development.

In conclusion, the record coal production in FY 2023-24 marks a significant achievement for India, reflecting the effective strategies and policies implemented to boost domestic output. The Directorate General of Mines Safety (DGMS)'s role in ensuring compliance with safety standards has been instrumental in achieving this milestone. As the country progresses towards its economic goals, the coal industry will remain a key driver of growth, contributing to energy security and industrial development. The continued focus on safety, efficiency, and environmental sustainability will be crucial in maintaining this upward trajectory and ensuring the long-term success of the industry.

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