New Delhi : Many activities are expected to take place in the coal sector in the coming year 2025. In which, from starting coal exchange for the first time, coal business and rate setting can be simplified to meet the growing demand of the economy. The government also wants to do more work in the sector of coal gasification as it is first in the list of priorities for energy transition.
Coal gasification is a cleaner option than burning coal because it facilitates the use of its chemical properties. Coal Additional Secretary Rupinder Brar has said in a conversation with 'PTI-Bhasha' that the demand for coal is very important. We are seeing increase in demand in India considering the increasing size of the economy, so there will definitely be a need for coal also and we are conscious of this and are working in this direction.
He said that efforts will be made to continuously increase coal production and bring it in line with demand. Elaborating on his ministry's priority areas in the new year, Brar said the government is committed to a sustainable coal sector that balances environmental sustainability with the well-being of coal-dependent communities.
He has said that public sector Coal India Limited (CIL) and its subsidiary companies as well as commercial and private mines have seen excellent growth in production rates. The Coal Ministry hopes that this growth will continue in the coming year.
According to Deloitte India, thermal coal production in the country is expected to grow at the rate of 8-10 per cent, mainly due to increase in power consumption from retail and commercial sources. The growth is expected to be driven by captive mines, which are expected to increase production to 175 million tonnes. Rajib Maitra, partner, Deloitte India, has said that India's thermal coal imports are expected to remain stable at around 20-210 million tonnes in 2025.
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According to the Coal Ministry's Action Plan 2024-25, the establishment of 'Coal Exchange' in the country will open up the market through online trading platforms. Besides, clearing and settlement mechanism will also be established. Easy availability of coal will be ensured. A draft note to the Cabinet for setting up a 'Coal Exchange' has already been circulated for inter-ministerial consultation.
(with agency input)
