According to its action plan, the Coal Ministry has set a target to produce 1,012 million tonnes of dry fuel in the current financial year. The ministry plans to allocate 25 new reserves for commercial mining during the fiscal year. In addition, the church aims to expand its capacity by Rs 21,030 crore in 2023-24, while the projected target of the assets monetization plan is Rs 50,118.61 crore.
During 2022-23, the ministry signed agreements for 23 coal mines with a cumulative peak rated capacity (PRC) of 33.224 million tonnes per annum, expected to generate annual revenue of Rs 4,700.80 crore at PRC. These mines are also expected to provide direct and indirect employment to 44,906 people.
The ministry has formulated a coking coal strategy to reduce imports to enhance coking coal availability in the country. It closely monitors the new railway line projects critical for coal evacuation in consultation with the railway ministry. The ministry is also undertaking mapping of the coal sector on the national monetization pipeline.
