Manufacturing sector improves, at 8-month high!
The condition of India's manufacturing sector has improved somewhat in the month of march as compared to earlier. Private sector data released on april 2 showed that at the end of the financial year 2025, the PMI reached an eight-month high of 58.1. In simple language, it can be understood like this that India's manufacturing PMI stood at 581 in the month of march, which was at 56.4 in the month of February. It is important to know here that a figure above 50 indicates improvement in the manufacturing sector and a figure below 50 is an indication of decline in the manufacturing sector.
On the other hand, public sector Coal india Limited (CIL) produced 781.1 million tonnes of coal in the last financial year 2024-25. This was about seven percent less than the target set for the company's financial year. CIL's coal production target for the financial year 2024-25 was 838 million tonnes.
The public sector company said in a notice to the stock market that however, its coal production increased by one percent on an annual basis during the period under review. At the same time, CIL's coal production declined by 3.1 percent to 85.8 million tonnes in march as compared to the same period a year ago. In the same month of FY 2023-24, the company's coal production was 88.6 million tonnes. Coal India's subsidiaries include Central Coalfields Limited (CCL), Western Coalfields Limited (WCL) and South Eastern Coalfields Limited (SECL).
Coal India's share in domestic production is more than 80 percent. In the financial year 2023-24, Coal india produced 773.6 million tonnes of coal with an increase of 11 percent on an annual basis. Coal india Limited had already said that the actual production target for the financial year 2024-25 would be reduced from 838 million tonnes to 806-81 million tonnes. The company has set a target of producing 868 million tonnes of coal for the current financial year 2025-26.
NTPC Mining said on tuesday that it has produced 45.7 million tonnes of coal from its five captive mines in the financial year 2024-25. The total supply of coal to NTPC power plants stood at 44.72 million tonnes, an increase of 26 per cent year-on-year. The company did not provide comparative production figures. NTPC Mining is a subsidiary of NTPC Limited.
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