India plans to produce 1 bln T of coal by 2023-24 FY

sxcoal.com Import & Export,  Production & Sales 2020-07-27 14:42:59

India plans to realize one billion tonnes of coal production in 2023-24 fiscal year, while aiming to lower coal imports to zero, said Amit Shah, the Union Home Minister, said on July 24.


According to the Minister, the coal Private Sector Units and captive miners have drafted plans to improve the production, and the Indian government is planning to invest Rs 125,000 crore in infrastructure construction during 2020-24 and 534 projects have been confirmed.


The progress of coal industry will not only satisfy the increasing domestic demand, but also conducive to stabilizing the environment, said Shah. "Prime Minster has set up district mineral fund with Rs 39,000 crore for the development of mines and till now, 35,000 minor projects have been done."


Coal industry is the pillar for India's economy and its significance will continue in the future. Meanwhile, India will utilize the natural resources to realize the green development and curb the global warming and climate change.


(Writing by rebecca.liu  Editing by Tammy Yang)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editors Recommendations

1 China Coal Daily Track (Aug 3) 2020-08-03

Thermal coal Production area Coal prices were largely stable in Ordos, Inner Mongolia. As sales quotas were tight at the month's end, supply tightness can barely offset the impact of demand

2 More Chinese coking coal miners drop prices amid weak sentiment 2020-07-31

The coking coal market endured another downward session on July 31 with more miners cutting prices under sales pressure. Sentiment is bleak for the market outlook as stocks are still at high levels at

3 China's thermal coal market weakness looms large on sparse demand 2020-07-31

Chinese spot thermal coal market started softening ahead of top miner's term contract price adjustments in early August, as a week of demand shrink further dimmed near-term prospect and spurred more s

4 Indonesian thermal coal prices slide amid poor demand 2020-07-31

Indonesian thermal coal prices began to fall again in the Chinese seaborne import market, driven down by lackluster buying interest from end buyers. The drop was mainly seen among offer p

5 China Shenhua foresees a 15% drop in H1 earnings amid COVID-19 2020-07-31

China Shenhua Energy Co., Ltd., a listed arm of China Energy Investment Corp (CHN Energy), foresaw a 15% yearly drop in net profit to 20.7 billion yuan in the first half of this year, the company said

6 Weekly China coal market news summary (Jul 27-Jul 31) 2020-07-31

15 coal cos on Fortune China Top 500 list A total of 15 listed coal enterprises have taken positions on Fortune's Top 500 Chinese Enterprises list this year, according to the ...

7 Weekly global coal market news summary (Jul 27-Jul 31) 2020-07-31

Japan Jun coking coal imports near record low Japan's coking coal imports remained less than 5 million tonnes in June, despite a mild rise of 0.59% compared with last month, accor...

8 China's Jul steel PMI slides to 49.2 2020-07-31

China's Purchasing Managers' Index (PMI) for steel sector slid to 49.2 in July from 49.3 a month earlier, data from the CFLP Steel Logistics Professional Committee (CSLPC) showed on Jul 31, indicating

9 China Coal Daily Track (Jul 31) 2020-07-31

Thermal coal Production area Major miners mainly supplied cargoes to long-term contract clients, while falling spot coal prices kept denting demand from utilities and increasing sales pressure f

10 Japan Jun coking coal imports near record low 2020-07-31

Japan's coking coal imports remained less than 5 million tonnes in June, despite a mild rise of 0.59% compared with last month, according to official data. June's imports totaled 4.68 mil

Most Read Articles

1 Indonesian thermal coal offers pick up despite tepid buying in China 2020-07-29

Chinese seaborne import market saw an inconspicuous rise in offers of Indonesian thermal coal on July 29, although buying interest was still lackluster from end buyers. Offers of Supramax

2 Overview of China's H1 coal imports: surprising growth despite restriction 2020-07-29

There was a quicker-than-expected growth in China's coal imports in the first half of 2020, in spite of the largest coal consumer's stringent import curbs aimed at reviving domestic coal market after

3 S Africa's May thermal coal exports rebound from record low 2020-07-29

South Africa's thermal coal (bituminous coal) exports increased by 65.12% from an over 6-year low in April to 6.57 million tonnes in May, customs data showed, due to increase of domestic coal producti

4 15 coal cos on Fortune China Top 500 list 2020-07-28

A total of 15 listed coal enterprises have taken positions on Fortune's Top 500 Chinese Enterprises list this year, according to the business magazine on its Chinese website. Shenhua Ener

5 Daqin Railway denies possible impact of coal resource exhaustion in short run 2020-07-28

Daqin Railway Co., Ltd, operator of coal-dedicated Daqin rail line, denied possible impact of coal resource exhaustion on its business in the short run when being asked by an investor. Th

6 Indonesian thermal coal prices hold steady on weak demand 2020-07-28

Chinese seaborne import thermal coal market saw another muted session with few trades concluded, as demand remained weak from end buyers. On July 28, the market was just restricted to off

7 Quota issue caps coking coal import trades in China 2020-07-29

A lack of import quotas has still slammed coking coal import activities in China, even as overseas cargoes had a considerable price edge over Chinese domestic coal. Over 20 vessels loaded

8 Spot thermal coal prices hold steady at N China ports 2020-07-29

Spot thermal coal prices continued to be steady at northern Chinese ports in the second trading day this week amid muted buying interest from end users and high stockpiles at utilities and ports.

9 China coking coal market stays stagnant; uncertainty looms 2020-07-28

China's coking coal market remained sluggish as a whole, mirrored in weak orders from coking plants contending with steel mills for coke price rise after three rounds of decline. Whether

10 China's met coke prices remain stable 2020-07-28

China's metallurgical coke prices held steady on July 28, as an impasse persisted between coke producers and steel mills over coke pricing. More coke producers in Shanxi and Shandong prop

Scan to download sxcoal.com mobile APP

X