The Coal sector has achieved a remarkable growth of 7.5% in November 2024, leading the performance of the eight core industries. According to the Index of Eight Core Industries (ICI) released by the Ministry of Commerce and Industry, the Coal sector reached 199.6 points in November 2024, shown a 7.5% (provisional) increase compared to 185.7 points in November 2023.
Between April and November 2024, the Coal industry’s index reached 172.9 points, up from 162.5 points during the same period last year, marking the highest growth of 6.4% among all eight core industries. The ICI measures both the combined and individual performance of the production of eight key industries, including Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products, and Steel.
April-November 2024, the index saw a growth of 4.2%
In November 2024, the combined index of the eight core industries showed a notable increase of 4.3% compared to the same period last year. Additionally, for the period April-November 2024, the index saw a growth of 4.2%, highlighting the Coal sector’s significant contribution to overall industrial expansion.
This impressive growth is largely driven by a substantial increase in coal production during the period April-November 2024. The production reached 628.4 million tones, reflecting a remarkable growth of 6.4% compared to the same period last year. This surge in production underscores the coal sector’s ability to meet the rising demand from the energy and manufacturing industries.
Also Read: India Achieves Record Coal Production of 997.8 MT in FY 2023-24
