India has the confidence in boosting its domestic coal production to over 1 billion tonnes in the ongoing fiscal year, said coal minister Pralhad Joshi on December 20.
The country's coal production target for the FY 2023-24 is at 1,012.14 million tonnes.
Speaking during the lauch of the ninth round of commercial coal mine auction, the minister said, "This year we are going to cross one billion tonnes of coal production."
The estimated coal demand in the current fiscal is 1,196.6 million tonnes.
The electricity demand by 2023 is going to double and meet such demand surges the country needs coal, the minister said.
About 100 sales of coal blocks would be completed after the ninth round of auction.
A total of 31 coal mines are being offered in the ninth round of commercial coal mine auctions. The mines being auctioned are spread across coal, lignite-bearing states of Jharkhand, Chhattisgarh, Madhya Pradesh and Telangana.
(Writing by Rebecca Liu Editing by Emma Yang)
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