GOVERNMENT SET COAL PRODUCTION TARGET

• The government has set a target of producing 170 million tonnes of coal from captive and commercial coal blocks in the country during the financial year 2024-25. This target is 26 percent more than the 116 metric tons produced in 2023-24.
• For Coal India Limited, the target of coal production from the mines of Coal India Limited in 2024-25 has been set at one billion tonnes.
• The coal sector in India was nationalized under the Coal Mines (Nationalization) Act, 1973. The Indian government-owned Coal India Limited and its subsidiaries had a monopoly on coal production in India, but later allowed private sector participation.

COAL PRODUCTION IN INDIA-

• India has the fourth largest coal reserves in the world. It is estimated to be around 02 billion tonnes.
• The top five states in terms of total coal reserves in India are:
• Jharkhand
• Odisha
• Chhattisgarh
• West Bengal
• Madhya Pradesh