Top Headlines
Home » Business » Coal Sector Achieves Highest Growth of 10.2 % among Eight Core Industries in January 2024

Coal Sector Achieves Highest Growth of 10.2 % among Eight Core Industries in January 2024

in Business March 8, 2024 Comments Off on Coal Sector Achieves Highest Growth of 10.2 % among Eight Core Industries in January 2024 475 Views

New Delhi:8/3/2 4:  The coal sector has demonstrated highest growth of 10.2 % (provisional) among the eight core industries for January 2024 as per the Index of Eight Core Industries (ICI)) (Base Year 2011-12) released by Ministry of Commerce & Industries. The index of coal industry has reached 218.9 points during Jan’24 as compared to 198.6 points during the same period of last year and its cumulative index has increased by 12.2% from April to January 2023-24 over the corresponding period of the previous year.

The ICI 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 Combined Index of Eight Core Industries experienced a notable 3.6% increase in January 2024, compared to the same period of the previous year, underscoring the coal sector’s substantial contribution to overall industrial expansion. The coal industry has consistently outperformed its counterparts, demonstrating sustained double-digit growth over the past seven months and substantially higher growth than the overall growth of eight core industries in the last two financial years.

The driving force behind this remarkable growth can be attributed to a significant surge in coal production during January 2024, with output reaching an impressive 99.73 million tonnes, marking a remarkable increase of 10.20% compared to the same period in the previous year. This surge in production underscores the sector’s capacity to meet growing demand of energy and manufacturing industries.

The exceptional expansion of the coal sector, coupled with its substantial role in propelling the overall growth of the eight core industries, stands as evidence of the Ministry of Coal’s persistent endeavors and proactive initiatives. These efforts align with the vision of “Atmanirbhar Bharat” and contribute to the nation’s progress towards self-sufficiency and energy security.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
©2025 All rights Reserved. Orissa Film and Media Association || Powered By DATAGRAM INDIA
x

Check Also

Heartfelt Homage to Gandhiji on Martyrs’ Day

Bhubaneswar:30/1/25:The death anniversary of Mahatma Gandhi, the ardent apostle of truth and nonviolence is observed every year as Martyrs’ Day. Today on this occasion the state-level event was held on ...