NEW DELHI: India’s coal production rose 8.6% to 777.2 million tonnes during the year ended March 2022, the government said on Friday, driven by a surge in power demand due to an economic recovery after the relaxation of coronavirus-related restrictions.
Coal supply rose 18.4% to 818 million tonnes in the fiscal year 2021/22, the government said, with domestic supply exceeding annual output by 5.2% as consumers dipped into reserves to address higher demand.
Power supply rose over 8% in 2021/22, the highest rate of growth in ten years mainly due to a lower base in 2020/21, when consumption was battered by nationwide lockdowns to try to stop the spread of the coronavirus.
The electricity sector accounts for over three-fourths of coal consumption, and coal accounts for nearly 75% of power production.
The energy hungry nation’s coal imports from April 2021- January 2022 fell 16.4% to 173.20 million tonnes, compared with 207.24 million tonnes during the same period the previous year, government data shows.
Imports of non-coking coal, mainly used in power generation, fell 23.3% to 125.61 million tonnes, while imports of coking coal, predominantly used in steelmaking, rose 9.7% to 47.6 million tonnes in the April-January period year over year.
Production by so-called “captive mines,” where end-use of the fuel extracted is restricted for self-use, rose 29.5% to 89.6 million tonnes, the statement said.
The consumption of coal by India, the world’s second largest producer, consumer and importer of the fuel, is set to cross the 1 billion tonnes mark for the first time in the financial year 2021/22.
The government is yet to release official data on the imports of the fuel for the months of February and March.
State-run Coal India, which accounts for over 80% of the country’s domestic output of the fuel, saw its production grow 4.4% to a record 622.6 million tonnes during the year.
Coal supply rose 18.4% to 818 million tonnes in the fiscal year 2021/22, the government said, with domestic supply exceeding annual output by 5.2% as consumers dipped into reserves to address higher demand.
Power supply rose over 8% in 2021/22, the highest rate of growth in ten years mainly due to a lower base in 2020/21, when consumption was battered by nationwide lockdowns to try to stop the spread of the coronavirus.
The electricity sector accounts for over three-fourths of coal consumption, and coal accounts for nearly 75% of power production.
The energy hungry nation’s coal imports from April 2021- January 2022 fell 16.4% to 173.20 million tonnes, compared with 207.24 million tonnes during the same period the previous year, government data shows.
Imports of non-coking coal, mainly used in power generation, fell 23.3% to 125.61 million tonnes, while imports of coking coal, predominantly used in steelmaking, rose 9.7% to 47.6 million tonnes in the April-January period year over year.
Production by so-called “captive mines,” where end-use of the fuel extracted is restricted for self-use, rose 29.5% to 89.6 million tonnes, the statement said.
The consumption of coal by India, the world’s second largest producer, consumer and importer of the fuel, is set to cross the 1 billion tonnes mark for the first time in the financial year 2021/22.
The government is yet to release official data on the imports of the fuel for the months of February and March.
State-run Coal India, which accounts for over 80% of the country’s domestic output of the fuel, saw its production grow 4.4% to a record 622.6 million tonnes during the year.
For all the latest business News Click Here
Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
