Coal, Iron production shows outstanding growth during FY24-25, other metal sectors rises 1.2%

The production of several key minerals in the country is experiencing significant growth in FY 2024-25, following record production levels achieved in FY 2023-24. Iron ore makes up approximately 70% of the total mineral production by value, as reported by the Ministry of Coal, Mines, and Renewable Energy (MCDR). In FY 2023-24, iron ore production reached 274 million metric tonnes (MMT).

According to provisional data, iron ore production increased from 128 MMT in FY 2023-24 (April-September) to 135 MMT in FY 2024-25 (April-September), reflecting a healthy growth rate of 5.5%. Meanwhile, manganese ore production rose by 6.2%, reaching 1.7 million metric tons (MMT) in FY 2024-25 (April-September), up from 1.6 MMT during the same period in the previous year.

In the non-ferrous metal sector, primary aluminum production in FY 2024-25 (April-September) posted a growth of 1.2% over the corresponding period last year, increasing to 20.90 lakh tons (LT) in FY 2024-25 (April-September) from 20.66 LT in FY 2023-24 (April-September). During the same comparative period, refined copper production has grown by 4.6% from 2.39 LT to 2.50 LT.

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Similarly, the Ministry of Coal has achieved a notable upswing in overall coal production during October 2024, reaching 84.45 million tonnes (MT) and surpassing the 78.57 MT of the corresponding month last year, registering an increase of 7.48%. Coal production from captive and other entities also showed substantial growth, rising to 16.59 MT in October 2024 compared to 11.70 MT in the same period last year, reflecting a remarkable growth rate of 41.75%. 

The Cumulative coal production for the fiscal year up to October 2024 reached 537.45 MT, an increase from 506.56 MT during the same period in FY 2023-24, representing a growth of 6.10%.

Additionally, coal dispatches witnessed a significant boost in October 2024, reaching an impressive 82.89 MT, showcasing a 4.60% increase over the 79.25 MT recorded in October 2023. Coal dispatch from captive and other entities also grew to 16.18 MT in October 2024, compared to 11.83 MT in October 2023, representing a growth of 36.83%. Cumulative coal dispatch (up to October 2024) has risen to 571.39 MT in FY 2024-25 as compared to 541.51 MT during the corresponding period in FY 2023-24, reflecting growth of 5.52%.

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