Coal sees 10.2% growth among eight key infrastructure sectors in May

The coal sector showed the highest growth of 10.2% (provisional) after the power industry among the eight major industries for May 2024 as per the Eight Major Industries Index (ICI) (base year 2011-12) released by the Ministry of Commerce and Industry. The coal industry index stood at 184.7 points in May 2024 as compared to 167.6 points in the same period last year and its cumulative index grew by 8.9% during April-May 2024-25 as compared to the corresponding period last year. ICI measures the combined and individual production output of eight major industries, namely cement, coal, crude oil, electricity, fertilisers, natural gas, refined products and steel.

The combined index of eight major industries registered a significant growth of 6.3% in May 2024 compared to the same period of the previous year, underlining the significant contribution of the coal sector to the overall industrial expansion. The coal industry has consistently outperformed its peers, showing higher growth than the overall growth of the eight major industries over the past two fiscal years. The driving force behind this remarkable growth can be attributed to the significant increase in coal production in May 2024, with production reaching an impressive 83.91 million tonnes, a remarkable increase of 10.15% compared to the same period of the previous year. This increase in production underlines the sector’s ability to meet the growing demand from the energy and manufacturing industries.

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