Coal Sector Records 7.5% Growth in November 2024, Reaching 199.6 Points

As per the Index of Eight Core Industries (Base Year 2011-12) published by the government, the coal sector has shown a growth of 7.5 percent (provisional) reaching 199.6 points in November 2024, up from 185.7 points in the same month last year, the ministry mentioned in a different statement.

Coal output from both captive and commercial mines increased by 34.2 percent to 131.05 million tonnes (MT) during the April-December timeframe of this fiscal year. The coal ministry stated in a release that coal production from both captive and commercial mines was 97.665 MT during the same time last year. The coal ministry reported that coal production from both captive and commercial mines reached 18.40 MT in December.

The Coal market size is expected to increase from $767.94 billion in 2024 to $1,431.38 billion by 2035, indicating a CAGR of 5.82% throughout the forecast period of 2024-2035. The coal industry index hit 172.9 points in April-November 2024, up from 162.5 points in the same timeframe last year, showing a 6.4 percent increase across all eight core industries.

The ICI evaluates the overall and separate productivity of eight key industries: cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel.