Skip to main content

https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

How India Plans To Save Over $6.9 Billion in Foreign Exchange By Cutting Coal Imports? Know Here

This shift is driven by a series of policy measures taken by the Government of India, including Commercial Coal Mining and the Mission Coking Coal initiative, which aim to boost domestic coal output
Indian Masterminds Stories

India has made notable progress in reducing its dependence on imported coal, with coal imports dropping by 9.2% during the period from April 2024 to February 2025, amounting to 220.3 million tonnes (MT), compared to 242.6 MT in the same period of the previous fiscal year. This significant decline has resulted in foreign exchange savings of approximately $6.93 billion (Rs. 53,137.82 crore).

Also Read: India Begins Gradual Reopening of 32 Airports Amid Easing Tensions with Pakistan

A major portion of this reduction came from the Non-Regulated Sector (NRS)—which excludes power utilities—where coal imports declined by 15.3% year-on-year. Meanwhile, despite a 2.87% increase in coal-based power generation during the same period, imports for blending by thermal power plants fell sharply by 38.8%, underlining the country’s push for self-reliance in coal production.

This shift is driven by a series of policy measures taken by the Government of India, including Commercial Coal Mining and the Mission Coking Coal initiative, which aim to boost domestic coal output. As a result, coal production recorded a healthy 5.45% growth in April 2024–February 2025 compared to the same months in FY 2023–24.

Coal continues to be a cornerstone of India’s energy landscape, powering essential sectors such as electricity, steel, and cement. However, limited reserves of coking coal and high-grade thermal coal mean that imports remain necessary to meet the demands of industries like steel.

To address these challenges, the Ministry of Coal is actively working to scale up indigenous production and reduce import dependency. These measures align with the broader national vision of Viksit Bharat, focused on energy self-sufficiency and long-term economic resilience.

By prioritizing domestic output and optimizing resource utilization, India is taking firm steps toward building a sustainable, secure, and self-reliant coal sector to power its development ambitions.

Also Read: BSE and NSE Block Websites for International Users Amid Rising Tensions with Pakistan


Indian Masterminds Stories
Join our WhatsApp Channel
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Samrat Choudhary CM
Bihar’s ₹2,520 Crore Gaya Plan: Vishnupad Corridor to Mirror Kashi’s Grand Model
Rice agri
Bihar’s New Paddy Playbook: Parboiled Rice in Every District, GPS Tracking on Roads
Bihar Tourism
Bihar’s Gaya Sees 4X Tourist Growth, Expands Facilities for 50 Lakh Pilgrims
Airports Authority of India AAI
Leadership Updates: Suresh Chandra Rajeev Gets Additional Charge as AAI CVO Till April 2027 
EIL Gastech 2026
EIL Showcases ‘Total Energy Solutions’ at Gastech 2026, Highlights Global Energy Expertise
makhana (3)
From Chana to Makhana: MP’s Damoh Expands Farming Opportunities to Raise Farmer Incomes
mp cabinet
From ₹36,006 Crore Education Plan to Mega Irrigation Projects: MP Cabinet Takes Key Calls
ONGC-Videsh
ONGC Videsh Steps Up Global Expansion, Targets New Oil and Gas Assets to Boost India’s Energy Security
ADVERTISEMENT
ADVERTISEMENT
Videos
Keshav kumar
From Police Officer to Forensic Pioneer: How Dr Keshav Kumar Made Science a Weapon Against Crime
ChatGPT Image Aug 20, 2026, 05_46_21 PM
How IPS Officer Keshav Kumar Used Forensics to Crack Gujarat’s Lion Poaching Case
Shakeel Ahmad Ganie IRS Interview
‘My Path Has Not Been Straight’: Shakeel Ahmad Ganie’s Journey to the IRS
ADVERTISEMENT
UPSC Stories
Umar Janj UPSC CAPF AC 2025
After 15 Failures, Umar Janj Finally Heard the Words He Had Been Waiting For: ‘I have made it'
Umar Janj from Jaisalmer secured AIR 160 in UPSC CAPF 2025 after 15+ failures, four attempts, four SSBs...
Abhishek Parmar
NDA Failures, CAPF Setbacks, Then AIR 248:How Abhishek Parmar Overcame Years of Exam Setbacks
Abhishek Parmar became the third generation of his family to enter uniformed service after overcoming...
Naveen Kumar Saini UPSC CAPF
After 3 NDA Attempts and a 7-Mark Miss, Naveen Kumar Saini Gets AIR 7 in UPSC CAPF 2025
Naveen Kumar Saini secured AIR 7 in UPSC CAPF 2025 after multiple NDA and SSB failures and missing CAPF...
CSR NEWS
POWERGRID War Heroes Gallery
POWERGRID Hands Over ₹20 Lakh War Heroes Gallery to Indian Army at Tangdhar in Kupwara
Developed under POWERGRID’s CSR initiative, the gallery showcases Tangdhar’s military heritage and honours...
NLC India Auroville Electric Vehicles
NLC India Hands Over Four Electric Vehicles to Auroville Foundation Under ₹21 Lakh CSR Initiative
The initiative aims to promote sustainable internal transportation for Auroville residents and visiting...
HURL Integrated Seed Bank
HURL Signs MoU With Art of Living Social Projects to Support Integrated Seed Bank for India Flora
The CSR partnership will support conservation of indigenous plants, protection of genetic diversity and...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Conservation Through Empowerment: How Divya Bharathi Turned Melghat’s Forest Guards Into Biodiversity Champions
Conservation Through Empowerment: How Divya Bharathi Turned Melghat’s Forest Guards Into Biodiversity Champions
Samrat Choudhary CM
Bihar’s ₹2,520 Crore Gaya Plan: Vishnupad Corridor to Mirror Kashi’s Grand Model
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Keshav kumar
ChatGPT Image Aug 20, 2026, 05_46_21 PM
Shakeel Ahmad Ganie IRS Interview
ADVERTISEMENT
ADVERTISEMENT