India Coal Production: Coal production by captive/others stood at 11.43 MT in April 2024, showing a 12.99 per cent increase compared to 10.12 MT in the previous year, it added.
The Union minister said sunset for the coal industry is a long way off given the rising demand for energy from a growing economy. He confirmed that the government has decided to offer a 50 percent discount on revenue share for underground mining in commercial coal mines and also for coal gasification.
Coal accounts for about three-quarters of India’s power generation and its demand is seen to be rising despite the country’s renewables plans. India has seen spikes in peak demand for electricity in the last two years, even as it has struggled to add renewable energy capacity in line with its goal of 500 GW of non-fossil fuel capacity by 2030.