https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Coal Imports for Power Sector Decline 8.5% as Domestic Production Rises

Despite a 4.97% rise in coal-based power generation over the same period last year, blending coal imports decreased from 10.70 million tonnes (MT) to 9.79 MT, highlighting a drop due to improved domestic supply.
Indian Masterminds Stories

The Ministry of Coal has reported an 8.5% reduction in coal imports for blending in the power sector during the first half of the current fiscal year (April-September), attributed to increased domestic coal production. Despite a 4.97% rise in coal-based power generation over the same period last year, blending coal imports decreased from 10.70 million tonnes (MT) to 9.79 MT, highlighting a drop due to improved domestic supply.

India, which has the fifth-largest coal reserves globally and is the second-largest consumer, still relies on imports for certain grades, especially coking and high-grade thermal coal needed by industries such as steel, according to the Ministry of Coal.

Overall coal imports rose slightly by 2.2% during April-August 2024-25, totaling 111.20 MT, compared to 108.81 MT in the same period last year. The non-regulated sector, however, saw a 10.3% drop in imports, aligning with India’s goal of self-sufficiency in coal. The power sector’s import growth largely came from imported-coal-based power plants, which saw a 53.1% increase to 26.14 MT.

In financial terms, total coal import costs fell by 9.69%, saving Rs 12,929.44 crore, as imported coal expenses for April-August 2024-25 stood at Rs 1,20,532.21 crore, down from Rs 1,33,461.65 crore last year.

Domestic coal production rose by 5.79% in the April-September 2024 period, reaching 453 MT compared to 428.21 MT in FY 2023-24. The ministry emphasized that this growth aligns with government efforts to reduce foreign exchange outflow, enhance energy security, and support sustainability by lowering dependency on imported coal through ongoing initiatives to boost domestic output.


Indian Masterminds Stories
Related Stories
NEWS
RailTel Corporation of India Limited 2
RailTel and Prasar Bharati Introduce WAVES, Offering Archives, Live TV, and Hyperlocal Services
Powergrid (resized)
Power Grid Joins Hands with Haryana Government to Upgrade Rural Crematoriums
NLC-INDIA-resized-neyvili
NLC India Donates 1 Crore to Kerala Disaster Mitigation Fund
NLC-INDIA-resized-neyvili
Five Companies Secure Coal Mines in Tenth Round of Commercial Auction
psuwatch_2024-11-21_23wnyu82_Bharat-Earth-Movers-Limited-Cover-Image
IPS Dr. Sajid Farid Shapoo Joins as Chief Vigilance Officer of BEML
Prasar Bharati OTT App
Prasar Bharati Launches OTT Platform 'WAVES' at 55th IFFI to Showcase Indian Culture with Global Appeal
Viksit Bharat
India Launches Viksit Bharat Young Leaders Dialogue to Empower Youth Leadership
psuwatch_import_wp-content_uploads_2022_12_Shreya-Bhardwaj-IOFS
IAS Sanjay Kumar Takes Additional Charge as Secretary of Higher Education
Videos
WhatsApp Image 2024-11-20 at 18.06
Hyderabad's Transformation From The City of Pearls to Cyberabad
IMG-20241118-WA0002
The Journey Behind Kathakar Ki Diary | Video Interview 
GP Singh
They Aren’t Criminals, But IPS Officers, Standing Up To Political Pressure
ADVERTISEMENT
Latest
WhatsApp Image 2024-11-22 at 13.02
CARTOON OF THE WEEK
RailTel Corporation of India Limited 2
RailTel and Prasar Bharati Introduce WAVES, Offering Archives, Live TV, and Hyperlocal Services
ADVERTISEMENT
Videos
WhatsApp Image 2024-11-20 at 18.06
IMG-20241118-WA0002
GP Singh
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT