India News | Coal Import Drop of 9.2 Pc in Apr-Feb Helps Save Rs 53,138 Cr in Foreign Exchange
Get latest articles and stories on India at LatestLY. India's coal import in the April-February period of 2024-25 dropped 9.2 per cent to 220.3 million tonnes (MT), resulting in foreign exchange savings of about Rs 53,137.82 crore, according to an official statement on Tuesday.
New Delhi, May 13 (PTI) India's coal import in the April-February period of 2024-25 dropped 9.2 per cent to 220.3 million tonnes (MT), resulting in foreign exchange savings of about Rs 53,137.82 crore, according to an official statement on Tuesday.
The country had imported 242.6 MT coal in the year-ago period.
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The non-regulated sector, excluding the power sector, experienced a more significant decline, with imports dropping 15.3 per cent year-on-year.
"Although coal-based power generation grew by 2.87 per cent from April 2024 to February 2025 compared to the previous year, imports for blending by thermal power plants sharply decreased by 38.8 per cent," the coal ministry said in a statement.
This highlights the country's ongoing efforts to reduce its dependence on imported coal and enhance self-sufficiency in coal production.
The Centre has implemented several initiatives, including commercial coal mining, to enhance domestic coal production and reduce imports.
These efforts have also led to a 5.45 per cent growth in coal output during the April-February period of 2024-25 compared to the same period of 2023-24.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)