Business

India’s Coal Demand Expected to Reach 1,462 MT by 2030

Published

1 year ago

February 11, 2025

The Ministry of Coal recently announced that India’s coal demand is projected to reach 1,462 million tonnes (MT) by 2030 and 1,755 MT by 2047. Despite significant advancements in renewable energy initiatives, the rapidly rising electricity demand indicates that the country will continue to rely heavily on thermal power, which is expected to account for 55% of the energy mix by 2030 and 27% by 2047.

The coal sector’s robust growth underscores its capacity to satisfy the increasing energy and manufacturing demands. The release highlighted that initiatives such as coal gasification are paving the way towards India’s goal of achieving 100 MT of coal gasification by 2030, thereby fostering cleaner and more efficient energy practices. The Ministry reiterated its commitment to enhancing domestic coal production, minimizing import reliance, and ensuring national energy security.

As a vital engine of economic development, the coal sector plays a crucial role in pursuing Viksit Bharat, contributing to a self-sufficient and developed India. In the fiscal year 2023-24, the budget allocation for Central Sector Schemes in the coal sector amounted to ₹843.5 crores, with actual expenditures reaching ₹299.09 crores.

Notably, India’s coal production has achieved a historic peak of 997.82 MT in FY 2023-24, a substantial increase from 609.18 MT in FY 2014-15, reflecting a compound annual growth rate (CAGR) of 5.64% over the last decade. The production in FY24 alone surged by 11.71% compared to the previous year.

According to the Index of Eight Core Industries (ICI), the coal sector experienced the highest growth at 5.3% in December, reaching 215.1 points compared to 204.3 points in December 2023. From April to December 2024, the coal industry index rose to 177.6 points, up from 167.2 points the prior year, representing a growth rate of 6.2%, the highest among all core industries.

Furthermore, cumulative coal dispatches from April 2024 to January 2025 have jumped to 843.75 MT, reflecting a 5.73% increase compared to 798.02 MT during the same timeframe last year. The coal sector has significantly lowered its import dependency, classifying only 110 MT as non-substitutable imports in FY 2023-24, thanks to a boost in domestic production.

Data indicates that coal imports fell by 5.35% between April and November 2024, resulting in savings of approximately $3.91 billion (₹30,007.26 crores).

Related Topics:1462 MT by 2030 The Ministry of Coal

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Business

Tomato Prices Crash from Rs.1200 to Rs.80, Farmers in Distress

Published

3 weeks ago

March 25, 2026

Namma Kudla

Business: Tomato prices in Vijayanagara district have dropped sharply, causing heavy losses to farmers and traders. A box of tomatoes that was earlier sold for Rs.1000 to Rs.1200 is now being sold for just Rs.80 to Rs.100.

Due to the sudden fall in prices, farmers are struggling to recover their investment. Many had taken loans to grow the crop and are now facing financial difficulties.

In local markets, traders are selling tomatoes at very low rates. Around 2 to 4 kilograms of tomatoes are being sold for just Rs.20.

The price crash has been linked to multiple reasons. Export of tomatoes to other countries has reduced due to the Iran–Israel conflict. In addition, many hotels are not operating properly due to a shortage of cooking gas cylinders. This has reduced demand for tomatoes.

As a result, both farmers and sellers are facing serious losses, and the situation has become very difficult for them.

Business

Gold Prices Rise in Mangaluru; 24K Gold at Rs.13,564 per Gram

Published

3 weeks ago

March 24, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been updated today, reflecting the latest market trends.

The price of 24 karat gold (99.9% purity) stands at Rs.13,564 per gram. Meanwhile, 22 karat gold (91.6% purity) is priced at Rs.12,434 per gram. The rate for 18 karat gold (75% purity) is Rs.10,173 per gram.

Mangaluru, known for its rich coastal culture and love for seafood, also has a deep connection with gold. The demand for gold ornaments in the city remains strong, especially during weddings and festivals.

The gold trade in Mangaluru has a long history and continues to play an important role in the local economy. Many families prefer investing in gold due to its cultural and financial value.

Buyers are advised to check the latest rates before making any purchase, as gold prices may change daily based on market conditions.

For those planning to buy gold, using a Gold Rate Calculator can help in getting accurate pricing based on weight and purity.

Business

Good News for Milk Producers in Chikkaballapur – 50 Paise Increase per Litre

Published

1 month ago

March 8, 2026

Namma Kudla

Chikkaballapur: The Chikkaballapur Milk Union (Chimul) has announced good news for milk producers in Chikkaballapur district. The union has decided to increase the milk procurement price by 50 paise per litre, which will benefit dairy farmers in the district.

Earlier, on January 1, Chimul had increased the price by Rs.1 per litre as a New Year benefit to farmers. Now, the union has announced an additional 50 paise increase.

With this latest revision, dairy farmers will receive Rs.36.40 per litre for milk. The 50 paise increase will remain in effect until the end of May.

Chimul President Manjunath Reddy told Public TV that the union will review its profits and may continue the price increase in the future based on financial performance.

The decision is expected to provide some relief and encouragement to dairy farmers in Chikkaballapur district.