India's coal stock above 88 million tonne, up 24.7% on year
Coal India Limited (CIL), the state-owned mining giant, has also shown remarkable progress in managing its pithead coal stock. As of 23 August, CIL reported a stockpile of 46.13 million tonne, reflecting a growth rate of 45.5% compared to the 31.70 million tonne held on the same date in 2022.
This achievement is a testament to CIL's effective stock management strategies and operational efficiency. India's power sector continues to receive a steady supply of coal, with cumulative coal dispatches for the fiscal year 2023-24, as of 23 August, 2023, reaching 307.97 million tonne.
This figure represents a significant growth rate of 5.6% compared to the corresponding period in the previous fiscal year, indicating a successful effort to meet the energy needs of the nation. The coal industry has also ramped up production, which reached 340.31 million tonne, up 10.52% over the previous fiscal year.
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