(Bloomberg) India’s state-run miner Coal India Ltd. will continue to increase production to meet growing demand and help boost inventories, according to a key government official overseeing the fuel.Most Read from BloombergYour 401(k) Will Be Gone Within a DecadeLargest Covid Vaccine Study Yet Finds Links to Health ConditionsPlay VideoUS Tells Allies Russia May Launch Anti-Satellite Nuclear Weapon Into Space This YearEuropean Stocks Retreat as Earnings Disappoint: Markets WrapThe producer on
India plans to launch a carbon capture policy to address its growing emissions while still utilising its vast coal resources. The policy, set to be unveiled later this year, will provide incentives for companies to trap, recycle, and store their emissions underground. The power sector, responsible for 42% of India s emissions, can potentially capture and recycle 70% of its emissions through carbon capture. India aims to use coal in a sustainable way and is exploring coal gasification technology as well, which has marginally lower emissions compared to conventional coal firing.
India Business News: Coal import for blending at power plants declined by over 40% in April-December 2023 despite a 10% increase in thermal generation. Domestic coal-based
Coal Stock: The production so far in the financial year includes around 564 mt from Coal India Ltd, 52 mt from Singareni Collieries Company Ltd and 108.5 mt from captive and commercial mines. The ministry s target for coal production in the ongoing financial year is 1.01 billion tonnes.