Mineral production in India up by 5.9% in January, ET EnergyWorld

New Delhi: In a notable increase, the Indian Bureau of Mines (IBM) reported a 5.9% hike in the index of mineral production of the mining and quarrying sector for January 2024, with the index reaching 144.1. This rise comes in contrast to the level in January of the previous year.

The cumulative growth from April 2023 to January 2024 also stood at 8.3% over the same period of the previous fiscal year, the ministry of mines said.

Production of important minerals in January 2024 displayed significant variance, with coal production at 998 lakh tonnes and crude petroleum at 25 lakh tonnes, the ministry added. Lignite production stood at 41 lakh tonnes, and natural gas utilization was reported at 3073 million cu. m.

The sector saw magnesite production escalating by 90.1%, copper concentrate by 34.2%, and coal by 10.3% in January 2024 over the same month the previous year. Limestone and bauxite registered a growth of 10% and 9.8%, respectively, while gold, chromite, and phosphorite faced a downturn with gold declining by 23.4%, chromite by 35.2%, and phosphorite by 44.4%.

The official data highlighted the significant impact of mineral production on the industrial growth of the country, with a senior official quoting, “The growth in mineral production is a reflection of the robust health of the industrial sector in India.”

  • Published On Mar 21, 2024 at 08:27 AM IST

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