🧵 1. Captive miners' share in coal production rose to 15.3% in FY24 from 9.4% in FY13 due to government reforms in private sector mining. #business
🧵 1. Captive miners' share in coal production rose to 15.3% in FY24 from 9.4% in FY13 due to government reforms in private sector mining. #business
🧵 2. Private miners now hold a significant portion of coal output despite Coal India's production increase.
🧵 3. Domestic coal production hit 994 million tonnes in FY24, up by 11.6% from FY23, after the liberalization process in the sector began in 2018.
🧵 4. However, the sector needs more tech infusion for underground mining and increased capital investments in ventures, including coal gasification projects.
🧵 5. The government aims to reduce coal imports with a focus on domestic substitutes and plans to boost coal-based thermal power capacities in the medium term.
🧵 Read more at: https://www.financialexpress.com/business/industry-captive-miners-share-in-coal-production-rises-3607382/