Coal Production Touches 557 MT during 2012-13

Image
Capital Market
Last Updated : Apr 23 2013 | 12:35 PM IST
The total production of raw coal in the country during 2012-13 was 557.5 MT which was 97% of the target production and exhibited a growth rate of 3.3% over the previous year (2011-12) when the growth rate was 1.4% over 2010-11.

Based on the recommendation of the Review Committee and the Inter-Ministerial Group (IMG), the Government has so far de-allocated 47 coal blocks mainly an account of lack of progress of development of the blocks. Out of the 47 de-allocated bocks, 2 blocks were allocated again, 3 blocks were assigned to Coal India Limited and in respect of 5 blocks de-allocation letters were withdrawn.

As such the target of production of coal from captive blocks was 42 MT in 2012-13 which was only 7.3% of the overall target for coal production in the country, envisaged for 2012-13. As against the above target, the production of coal from captive blocks was 36.8 MT in 2012-13. As such, coal production depends on various factors such as the pace of land acquisition, obtaining environment and forestry clearances and other factors.

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 23 2013 | 11:31 AM IST

Next Story