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As per the index of eight Core Industries for the month of September 2023 released by the Ministry of Commerce & Industries, the index of coal sector has showcased impressive growth of 16.1% reaching 148.1 points compared to 127.5 points during the same period last year. This is the highest growth in last 14 months except for August 2023.
The latest data indicates that the Combined Index of eight Core Industries has shown noteworthy increase of 8.1% (Provisional) in September 2023, compared to the same period in the previous year.
The Index measures the combined and individual production performance of eight core industries, viz. cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel.
The significant growth in the coal sector is attributed to a substantial upswing in coal production during September 2023, which reached an impressive 67.27 MT, surpassing the figure of 58.04 MT during the corresponding period of the previous year, representing a remarkable increase of 15.91%. The Coal Industry registered a growth of 9.1% in Apr’2023 which rose to 16.1% in Sept’2023, showcasing consistent and sustained growth.