Urgent Need To Auction Private Blocks To Hike Coal Production, Says CARE Ratings


Urgent Need To Auction Private Blocks To Hike Coal Production, Says CARE Ratings

India remains among the top-3 coal producers in the world and as per data for 2016 by IEA, overtook USA. India has been reporting growth in production to fuel its large thermal power capacity which contributes to 72% of the country’s electricity generation. However, coal production may stagnate during the year given no visible improvement in availability of rakes or increase in evacuation infrastructure for mined coal, a ratings agency CARE Ratings said.

Coal production in India touched 688.4 million tonnes (MT) in FY18, clocking a 2.5% increase over last year’s production. Read More

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