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It has been feasible to increase coal production in India to 730.87 million tonnes thanks to a sustained investment programme and a stronger emphasis on the use of contemporary technology.
India imports coking coal to suit the needs of its steel factories due to high demand and poor average quality. Dhanbad, India’s largest coal producing city, is known as the country’s coal capital. Coal India, a state-owned company, held a monopoly on the industry.
The India Coal Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Adani Enterprises, the Adani Group’s flagship firm, started coal production at the Parsa East-Kente Basan mine in Chhattisgarh, which is operated by Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL), a state-run power generation utility in Rajasthan.
India is considering forming a joint venture with a private company to run mines that have been closed or whose production has been halted by state-owned Coal India Ltd. Coal India, which produces the majority of India’s coal, was planning to sell mines to the private sector on a revenue-sharing basis.
Jindal Steel and Power Limited (JSPL) has won three of the five coal blocks auctioned in four states as part of the central government’s fourth commercial auction. The Utkal B1 and B2 coal blocks in Odisha have been awarded to JSPL. The bids for the Gare Palma IV/6 coal block in Chhatisgarh were also won by JSPL.
With fuel stockpiles below target levels and the country approaching a customary summer demand peak, Coal India Ltd. is restricting delivery to industrial clients in order to prioritise power plants.