India’s Coal Import Drops 5% in April-September Period to 125.21 MT – News18

Country’s coal import has registered a drop of 5 per cent at 125.21 million tonnes (MT) in the April-September interval of the continuing monetary yr, Parliament was knowledgeable on Wednesday.

Replying to a query in the Lok Sabha, coal and energy minister Pralhad Joshi mentioned that, had the manufacturing by public sale, business coal public sale not began, then as per compound annual progress fee (CAGR) there would have been a necessity to import 150 million tonnes (MT) of coal, however the nation has really imported solely 125.21 MT of coal in the course of the April-September interval of 2023-24.

“In the current year 2023-24, coal import up to the month of September 2023, was 125.21 MT, which is a decline of 5 per cent over the corresponding period last year,” the minister mentioned. The authorities has taken a number of measures to substitute coal imports.

There is a thrust on enhancement of home coal manufacturing which is essential to obtain self-reliance and cut back dependence on imported coal. In 2022-23, coal manufacturing elevated by 14.77 per cent over the earlier yr.

In the present monetary yr, coal manufacturing goal is 1,012.14 MT. Similarly, in 2025-26, Coal India Ltd (CIL) expects to produce one billion tonnes.

(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)