NEW DELHI: The index of coal trade has achieved a growth of 10.9 per cent (provisional) among eight core industries, throughout November 2023, as per the information launched by the ministry of commerce & industries. The coal sector achieved 185.7 factors in November, in comparison with 167.5 factors, in the identical time final yr, the discharge added.
The index of coal trade (ICI) measures the mixed and particular person manufacturing efficiency of eight core industries, viz.cement, coal, crude oil, electrical energy, fertilizers, pure gasoline, refinery merchandise and metal.
The growth in the Index of coal trade is especially resulting from a considerable surge in coal manufacturing in the course of the month of November 2023, reaching 84.52 million tonne (MT), surpassing 76.16 MT of the corresponding month of the earlier yr, representing a rise of 10.97 per cent.
Meanwhile, the cumulative index of the coal sector throughout April-November, 2023-24 has elevated by 12.8 per cent over the corresponding interval of the earlier yr.
The ministry of coal has performed a pivotal function in driving this growth via numerous strategic initiatives. These embody augmenting home manufacturing via an auction-based regime for industrial coal mining, participating mine developer cum operators (MDOs) to ramp up home coal output and reopening of discontinued mines on a revenue-sharing mannequin to spice up coal manufacturing.
The note-worthy growth of the coal sector and its contribution to the general growth of the eight core industries are a testomony to the continual initiatives undertaken by the coal ministry.
These efforts align with the imaginative and prescient of “Atmanirbhar Bharat” and contribute to the nation’s progress in the direction of self-sufficiency and vitality safety, the assertion mentioned.
The index of coal trade (ICI) measures the mixed and particular person manufacturing efficiency of eight core industries, viz.cement, coal, crude oil, electrical energy, fertilizers, pure gasoline, refinery merchandise and metal.
The growth in the Index of coal trade is especially resulting from a considerable surge in coal manufacturing in the course of the month of November 2023, reaching 84.52 million tonne (MT), surpassing 76.16 MT of the corresponding month of the earlier yr, representing a rise of 10.97 per cent.
Meanwhile, the cumulative index of the coal sector throughout April-November, 2023-24 has elevated by 12.8 per cent over the corresponding interval of the earlier yr.
The ministry of coal has performed a pivotal function in driving this growth via numerous strategic initiatives. These embody augmenting home manufacturing via an auction-based regime for industrial coal mining, participating mine developer cum operators (MDOs) to ramp up home coal output and reopening of discontinued mines on a revenue-sharing mannequin to spice up coal manufacturing.
The note-worthy growth of the coal sector and its contribution to the general growth of the eight core industries are a testomony to the continual initiatives undertaken by the coal ministry.
These efforts align with the imaginative and prescient of “Atmanirbhar Bharat” and contribute to the nation’s progress in the direction of self-sufficiency and vitality safety, the assertion mentioned.
