The Government said it has made a roadmap for Viksit Bharat 2047 in the coal sector as it targets 1533 MT coal production by FY30.
“The efforts made by Government to make “Viksit Bharat 2047” in coal sector through setting up following goals by 2047, namely Energy Independence, Affordable and Accessible Energy, Mineral Security, Environment Sustainability and Clean Energy, Global Presence and Focus and Resource Ecosystem Reforms,” Minister of Coal and Mines Shri G Kishan Reddy said in Rajya Sabha.
The government has projected coal production at 1080MT in FY25, 1193MT in FY26, 1311MT in FY27, 1533MT in FY30.
The Minister said that the government has made several efforts in the last decade to help the coal sector’s contribution to the country’s growth.
Government has so far allocated 180 coal mines under the provisions of the Coal Mines (Special Provisions) Act, 2015 and the Mines & Minerals (Development & Regulations) Act, 1957.
Since 2020, 10 rounds of commercial auctions have been completed and a total of 113 coal mines have been auctioned. The revenue share received for these coal mines ranges from 5% to 288%.
In 2022, the government approved a new e-auction mechanism for coal companies, eliminating the sectoral e-auction windows of Coal India Limited, thereby removing market distortions and increasing operational efficiency, the Minister said.
The government has allowed public-private partnership to mine through Mine Developer and Operator route with an to boost production and efficiency, through attracting investment.
The Ministry of Coal has also identified and offered 34 discontinued/closed mines having significant mineable reserve on revenue sharing model through public private partnership.
Mission Coking Coal aims to increase domestic raw coal production to 140 MT by 2030.
The Government has approved Financial Outlay Scheme of ₹ 8500 crores for Gasification Projects to improve energy efficiency and reduce environmental impact.
“Since the fiscal year 2014-15, Coal India Limited (CIL) and its Public Sector Undertakings (PSUs) have been instrumental in providing employment opportunities to a significant number of individuals, thereby supporting the livelihoods of millions of citizens across the nation,” the Minister added.
