India's Coal production in April reached new heights
India reported an impressive coal production in the month of April 2023, with a record production of 73.02 million tonnes
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New Delhi: India's coal production reached a new high in April 2023, with a record production of 73.02 million tonnes (MT), according to reports. This growth is a significant rise from the previous year's production of 53.47 MT in April 2022, representing an increase of 7.67 percent as reported by Coal India Ltd (CIL). This increase in coal production is likely to have a significant impact on the country's energy sector, particularly given the high demand for coal in India.
The country's coal output has been steadily increasing in recent years, with the government pushing for greater coal production to meet growing energy demands.
India's coal output in April 2023
The record production of 73.02 million tonnes in that month is a significant increase from the previous year's production of 67.08 million tonnes in April 2022. This increase in coal production is a result of the government's efforts to increase domestic production and reduce the country's dependence on coal imports.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYIndia is the world's second-largest consumer of coal, and the increase in coal production is likely to have a positive impact on the country's energy sector. The government has been investing heavily in the coal industry, and this increase in production is expected to create job opportunities and boost the economy.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsHowever, the increase in coal production has also raised concerns about the environmental impact and the health risks associated with coal mining and burning. The government has been working on measures to reduce the environmental impact of coal mining, but there is still a long way to go.
Overall, India's record coal production in April 2023 is a positive development for the country's energy sector, but there is a need for a balanced approach to ensure sustainable and responsible coal production.
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