Coal Import Drop by 3.1% for the FY 2024-2025
The coal import initiatives of India for a long-term goal oriented future in the sector of coal import has encountered a positive upliftment with a drop by 3.1% in the FY 2024-2025. The demand for coking coal and high-grade thermal coal has risen from the domestic reserves. This need has enforced the importance of importing coal.
“The government’s initiatives to reduce coal imports have shown positive results in the first seven months of FY 2024-2025 (April-October). Coal imports decreased by 3.1% totaling 149.39 million tonnes (MT) compared to 154.17 MT during the same period in the previous year” – Ministry of Coal
In the same year, the non-regulated sector has seen a substantial decline by 8.8% in which the power sector has been excluded. From April 2024 to October 2024 the coal-based power generation has increased to 3.87% and the thermal power plant decreased by 19.5%. The coal production has risen by 6.04% to 537.57 MT in the April-October 2024 in FY 2024-2025.
“This decline is a testament to India’s determined efforts to achieve greater self-sufficiency in coal production and reduce dependence on imports… This growth highlights the government’s concerted efforts to enhance coal production and optimize its usage within the country” added the Ministry of Coal
All these became possible with the continuous range of strategies that catalysed the domestic coal production with a stable coal supply. These initiatives make India a self-sufficient country in energy security and a landscape of sustainable energy.
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