Coal Sector Leads Growth Among Eight Core Industries in December 2024

The Ministry of Coal recently on February 3, 2025, announced that the coal sector demonstrated the highest growth among the eight core industries in December 2024, according to the Index of Eight Core Industries (ICI) released by the Ministry of Commerce & Industry. The coal index reached 215.1 points, a 5.3% increase from 204.3 points in December 2023.

Robust Growth in April-December 2024 Period

During April to December 2024, the coal industry’s index grew to 177.6 points from 167.2 points in the same period of the previous year. This represents a robust 6.2% growth, the highest among all eight core industries.

The ICI measures the combined and individual production performance of eight key industries: cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel.

Combined Index Growth Highlights Coal’s Contribution

The Combined Index of Eight Core Industries showed a 4.0% year-on-year growth in December 2024. For the April-December 2024 period, the index rose by 4.2% compared to the same period in FY 2023-24. The coal sector’s strong performance played a pivotal role in this industrial expansion.

Coal Production Surge Fuels Growth

The coal sector’s remarkable growth is attributed to a significant increase in production. During April-December 2024, coal production reached 726.31 million tonnes (MT), up from 684.47 MT during the same period last year. This 6.1% rise reflects the sector’s ability to meet the growing energy and manufacturing demand.

Coal India Ltd

Coal India Limited, a prominent player in the coal sector, has announced its financial results for 9M FY25. The company recorded a total income of ₹1,08,450 crore, a decline of 2% compared to ₹1,10,639 crore during the same period last year. Profit after tax stood at ₹25,710 crore, reflecting a decrease of ₹3,129 crore or 11% from ₹28,839 crore in 9M FY24.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.