In a first, the coal ministry has set an ambitious target of 1 billion tonne coal production during 2023-24 under its ‘Action Plan’ for the sector and a capex target of Rs 21,030 crore for its PSUs. In a statement, the ministry said it has conceptualized the Action Plan for FY24 with the goal of achieving Aatmanirbhar Bharat by enhancing the production, efficiency, sustainability, new technologies etc in the coal sector.
“It is an ambitious, well-crafted roadmap that covers a variety of areas including a total coal production target of 1012 MT for 2023-24,” it said.
The ministry has already taken various steps to increase the coal production and efficiency like mining developers cum operators (MDO) for the operationalization of CIL (Coal India) mines/blocks and production in discontinued/abandoned mines on the revenue sharing basis.
The ministry has also formulated a strategy to enhance coking coal availability in the country to reduce imports. Coal companies along with the ministry has taken various measures to achieve the objective of supply of quality coal to all consumers. For undertaking the job of sampling and analysis of coal samples at loading end, third party sampling agencies have been empanelled for both power and non-power coal consumers.
“The capex target for FY24 is Rs 21,030 crore with CIL Rs 16,500 crore, NLCIL: Rs 2,880 crore and SCCL: Rs 1650 crore) The overall projected target of assets monetization plan for FY 2023-24 is Rs 50,118.
