India’s coal imports fell by 15% to 15.9 million tonnes (mt) in April this year.
The imports stood at 18.7mt in the same month last year.
“Provisional coal import figures: Reduction from 18.7mt in April 2015 to 15.9mt in April 2016. In value terms, fromRs.8,942 crore to Rs.6,023 crore (32%),” coal secretary Anil Swarup tweeted.
He further said reduction in imports during last fiscal led to a saving of an estimated Rs.24,000 crore in foreign exchange.
The government had earlier said in view of the rising production of the dry fuel, India plans to completely stop thermal coal imports in two-three years that would result in an annual saving of Rs.40,000 crore.
However, coal and power minister Piyush Goyal is of the view that coking coal needs to be imported and his ministry was ready to tie up with shipping companies for this purpose.
Coal India Ltd (CIL) produced 37.5mt of the dry fuel in April as against the target of 37.6mt.
In 2015-16, CIL achieved a record production of 536mt, which was 42mt more than the previous fiscal. Its production grew 8.5% year-on-year. CIL was, however, eyeing a 550mt output. CIL’s output is fixed at 598mt for this fiscal.
Source: PTIPrevious Next
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