Page 51 - Policy Economic Report - April 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Emerging Technologies and Scalable Innovations

Union Minister Joshi highlighted the need for deep research, innovation, and global collaboration. He
advised NISE to build partnerships, develop talent, and push boundaries so that its work resonates across
laboratories, manufacturing units, and solar farms worldwide.

He also acknowledged that NISE is already working on advanced technologies like Perovskite Solar Cells
and Bifacial Panels. Going forward, he said, NISE should undertake initiatives for mass adoption of
innovations such as AI for Solar Power Forecasting, Building-Integrated Photovoltaics (BIPV), and Solar-
Driven EV Charging Stations. He added that enabling sustainable EV charging through solar is a part of
Prime Minister Modi’s vision and should be explored by NISE at scale.

Strengthening Global Solar Cooperation

The Minister also chaired a meeting to review the progress of the International Solar Alliance (ISA), along
with MNRE Secretary Shri Santosh Kumar Sarangi, ISA Director General Shri Ashish Khanna and other
senior officials. He emphasized the need for collaborative global efforts in solar energy adoption.

Commemorating Earth Day with Green Commitments

Shri Joshi also planted a tree as part of the ‘Ek Ped Maa Ke Naam’ plantation drive at NISE, calling it a
heartfelt initiative by Prime Minister Shri Narendra Modi. He stated that each sapling is a tribute to our
mothers and a promise for a greener tomorrow. On World Earth Day, he called upon all to renew their
commitment to building a cleaner, greener, and more sustainable planet.

India’s Coal Sector Crossed the One Billion Tonne Milestone in Cumulative Production for the Financial
Year 2024-25

In a remarkable achievement, India’s coal sector has crossed the One Billion Tonne (BT) milestone in
cumulative production for the financial year 2024-25. This unprecedented feat underscores the Ministry
of Coal’s relentless efforts to enhance production, streamline dispatches, and strengthen the nation’s
energy security.

The cumulative coal production in FY 2024-25 has now crossed the One Billion Tonne (BT) mark, reaching
1047.57 (Provisional), compared to 997.83 MT in FY 2023-24, recording a substantial growth of 4.99%.
Commercial & Captive, and other entities have also recorded a stupendous coal production of 197.50 MT
(Provisional), reflecting a growth of 28.11% over the same period last year recorded at 154.16 MT.

Similarly, coal dispatch has also demonstrated remarkable progress, The cumulative coal dispatch in FY
2024-25 has also exceeded the One BT milestone, reaching 1024.99MT (Provisional), as compared to
973.01 MT in FY 2023-24, reflecting a significant increase of 5.34%. Dispatch from Commercial, Captive,
and other entities also witnessed a significant rise, reaching 196.83MT (provisional), with a growth of
31.39% compared to the corresponding period of previous year which was recorded at 149.81 MT.

This milestone highlights India’s progress in ramping up domestic coal production while ensuring efficient
distribution to meet growing energy demands. The Ministry of Coal remains committed to fostering self-

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