Coal sector leads core industries with 7.5 pc growth

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North News

New Delhi, January 3

The coal sector exhibited a strong 7.5 percent growth in November 2024, reaching 199.6 points in the index of eight core industries, compared to 185.7 points in November 2023, according to data from the Ministry of Commerce and Industry. From April to November 2024, the coal industry recorded 6.4 percent growth, with its index rising to 172.9 points from 162.5 points in the same period last year. This growth marked the highest among the eight core industries, which include cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel.

The Combined Index of Eight Core Industries grew by 4.3 percent in November 2024 year-on-year and saw a 4.2 percent increase for the April-November 2024 period, reflecting the coal sector’s pivotal role in driving industrial expansion. Coal production surged to 628.4 million tonnes during April-November 2024, a 6.4 percent rise compared to the same period the previous year. This increase highlights the sector’s capacity to meet rising energy and industrial demands.