Growth Drivers

• Coal production has increased considerably from 577 Mn Ton in 2014 to 817 Mn Ton as on July 2022 and the overall production during this fiscal is likely to cross 920 Mn Ton.
• GOI aims to utilise the coal loading system at Paradip Port to increase coal transportation through the sea route and make it a coal hub.
• Minerals like manganese, lead, copper, alumina are expected to witness double-digit growth in the years ahead. There is a significant scope for new mining capacities in iron ore, bauxite, and coal.
• India has an advantage in the cost of production and in conversion costs of steel and alumina.
• Fourteen Railway Projects Costing INR 22,067 crores being Undertaken to Enhance Coal Transportation Efficiency and further enhancing the capacity of coal evacuation process which will help in reducing the time and cost incurred in the transportation of the coal. These projects will cover the distance of 2680 Km approximately, which will be spread across the Indian states of Jharkhand, Odisha and Chhattisgarh.
• Development of 23 project works of length 600.13 Km under CRIF scheme for FY 2021-22 in the State of Madhya Pradesh has been approved with a budget outlay of INR 1814.90 Crores.
• NMDC signs MoU with IIT Kharagpur for Drone-Based Mineral Exploration. The collaboration would lead to the development of software spectral tools for mineral excavation and capacity building programs on mining technology.
• Coal Sector to Invest INR 12500 Crore for 35 First Mile Connectivity Projects.
• Coal Companies & Indian Railways have envisaged to jointly ensure per day coal loading of 415 rakes of domestic coal and 30 rakes of imported coal to power sector.
• Ministry of Coal has undertaken 13 Railway Projects to develop multimodal connectivity and identified missing infrastructure gaps for each projects. The projects will be developed in the States of Jharkhand and Odisha and to facilitate movement of coal with rapid logistics and wider connectivity for all the commercial miners.
• Coal Ministry Expects Operationalization of 58 Coal Blocks During 2022-23; Targets 138.28 Million Ton Coal Production.
• As part of various sustainable activities, Coal India Ltd (CIL) has undertaken– Conservation of coal mine pit lakes, maintenance of ecological character of wet lands and inclusion of such pit
  lakes in prestigious Ramsar List with the assistance of respective State Governments and the Ministry of Environment, Forest & Climate Change (MoEFCC).
• Talcher coalfields has produced more than 95 MT coal during FY22 and likely to produce about 200 MT by FY 2024-25 and about 300 by FY 2030 from Mahanadi Coalfields Limited and allocated coal blocks.
• To ensure efficient coal evacuation, construction of rail line started in a phased manner in Talcher Coalfields namely MCRL (Mahanadi Coal Railway Limited).
• An MoU was signed between STPI, STPINEXT and RINL-VSP (Visakhapatnam Steel Plant) for Industry 4.0 CoE (Kalpataru) for promotion of Innovation & Startup activities for RINL and other industries in and around Visakhapatnam.
• With an objective to enhance coal production capacity, the Ministry of Coal has recently put 141 new coal blocks for commercial auction.