Government sets coal production target at 170 million tonnes for FY25

Daily Current Affairs / Government sets coal production target at 170 million tonnes for FY25

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Category : Business and economics Published on: April 16 2024

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The government has set a target of producing 170 million tonnes of coal from captive and commercial coal blocks in the country during the financial year 2024-25. This target is 26 percent more than the 116 metric tons produced in 2023-24.
For Coal India Limited, the target of coal production from the mines of Coal India Limited in 2024-25 has been set at one billion tonnes.
The coal sector in India was nationalized under the Coal Mines (Nationalisation) Act, 1973. The Indian government-owned Coal India Limited and its subsidiaries had a monopoly on coal production in India, but later allowed private sector participation.