North News
New Delhi, September 24
Coal imports during the April-July period of FY 2024-25 recorded a slight increase of 0.9%, reaching 90.51 million tonnes (MT) compared to 89.68 MT in the same period last year, according to the Ministry of Coal. Non-coking coal imports saw a 2% rise, while coking coal imports fell by 2.6%. In July 2024 alone, imports surged by 15.9%, with 21.81 MT compared to 18.82 MT in July 2023.
Despite having the fifth-largest coal reserves globally and being the second-largest consumer of coal, India remains reliant on imports for coking coal and high-grade thermal coal, essential for industries such as steel. The Ministry noted that although coal-based power generation grew by 10.18% from April to July 2024, imports for blending purposes dropped by 8.2%, reflecting India’s commitment to self-sufficiency in coal. The rise in coal imports for power was primarily driven by imported coal-based power plants, with imports rising to 17.69 MT from 10.12 MT last year. However, imports by the non-regulated sector dropped by 11%.
India’s domestic coal production also grew by 9.56%, reaching 321.40 MT compared to 293.35 MT in the same period of FY 2023-24. The government continues to implement strategic measures to boost domestic production and reduce reliance on imports, aiming to safeguard foreign reserves and improve energy security.
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