Page 55 - Policy Economic Report_Mar'25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

operator, and an insurance pool of ?1,500 crore has been set up, with additional commitments from the
government if required. Furthermore, India has aligned with global compensation mechanisms to
ensure financial security in case of an incident.

In a significant policy shift, the government is also opening the nuclear energy sector to private
participation to accelerate expansion. Dr. Jitendra Singh highlighted the upcoming Gorakhpur Nuclear
Power Plant in Haryana, marking India’s first nuclear project in North India, as part of this broader vision.

With India aiming for net-zero emissions by 2070, the Jaitapur project is expected to play a crucial role in
achieving the country’s clean energy ambitions while strengthening its position as a leader in nuclear
technology.

Cumulative Coal Production During April 2024 to February 2025 Grows 5.73% to Reach 928.95 MT

India’s coal sector continues its strong performance with significant growth in both production and
dispatch up to February 2025. Cumulative coal production has reached 928.95 million tonnes (MT),
reflecting a 5.73% increase compared to 878.55 MT in the same period last year. Likewise, cumulative
coal dispatch has risen to 929.41 MT, marking a 5.50% growth from 880.92 MT in the previous year.

Coal production from Captive and Other entities stood at 173.58 MT up to February 2025, registering a
30.16% increase from 133.36 MT in the corresponding period last year. Similarly, coal dispatch from
Captive and Other entities reached 178.02 MT upto February 2025, reflecting up 31.90% increase from
134.96 MT in the same period last year.

Coal Production from Captive and Commercial Mines Grows 32.53% YoY to 167.36 MT

The Ministry of Coal is pleased to report that total coal production from captive and commercial mines
for the financial year 2024-25 has reached 167.36 million tonnes (MT) as of February 2025. This
represents a 32.53% year-on-year (YoY) increase compared to the 126.28 MT produced by February 28,
2024.

Coal dispatch has also witnessed a significant surge, with total dispatch for the financial year reaching
170.66 MT, surpassing the 128.45 MT recorded in the previous year. This marks a 32.86% YoY growth,
ensuring a stable and uninterrupted coal supply to key sectors such as power, steel, and cement.

Bhaskarpara Coal mine of M/s Prakash Industries Limited commenced coal production on February 15,
2025, with a Peak Rated Capacity (PRC) of 15 MT.

CIL joins hands with IIT, Hyderabad for R&D in clean coal tech

Coal India Limited (CIL) has inked a memorandum of understanding (MoU) with Indian Institute of
Technology, Hyderabad (IIT-H), on 7 March, for establishing a Centre of Clean Coal Energy and Net Zero
(CLEANZ) at Hyderabad.

The joint initiative between CIL and IIT-H aims to develop clean coal technologies and diversification in
coal utilization. Both the entities will synergize their efforts in developing cutting edge technology

March 2025 Page | 54