Coal production from mines operated by India’s state power giant NTPC Ltd jumped 83% in the first half of the 23/24 fiscal year.
Start Trading CFDs Over 2,200 Different InstrumentsStart Trading CFDs Over 2,200 Different Instruments1 day4 daysin coal production from the mines it operates in the first half of the 2023/24 fiscal year as India continues to rely on coal to meet most of its electricity demand.
NTPC also boosted its coal production by 66% in the second quarter of its fiscal year, compared to the period between July and September in 2022. Early this year, India’s government expected coal-fired power plants to use 8% more coal in the financial year between March 2023 and March 2024, as demand is set to continue rising thanks to growing economic activity and unpredictable weather.The coal phase-out in India is “going to take 2-3 decades, if not more,” NTPC’s chairman Gurdeep Singh said at the time.to your account to post your comment, or enter a different email address to continue with your comment & account creation.
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