COMMODITY
India’s coal imports rise 2% in April-August 2024
Nov-13-2024

India’s coal imports rose by 2.2 per cent to 111.20 million tonnes (MT) in the April-August period of FY 2024-25 compared to 108.81 million tonnes in the year-ago period. However, the non-regulated sector saw a 10.3 per cent drop during the April-August period as compared to the same period of last year. In value terms, the price of overall imported coal during April-August 2024-25 was Rs 120,532.21 crore, whereas the price of overall imported coal during the corresponding period last year (2023-24) was Rs 133,461.65 crore. These results in a saving of Rs 12,929.44 crore, which is a saving of around 9.69% in value terms compared to last year.

Despite a growth of 4.97 per cent in coal-based power generation from April to September 2024 compared to the same period last year, imports for blending purposes decreased to 9.79 MT compared to last year which was 10.70 MT indicating a decline of 8.5 per cent during the same period. This decline underscores India's steadfast commitment to achieving self-sufficiency in coal production and reducing reliance on imports.

The increase in coal import for the power sector is attributed to the import of coal by imported thermal power plants (designed to utilise imported coal only) i.e. 26.14 MT during this period, up from 17.07 MT, reaching a growth of 53.1 per cent in the corresponding timeframe last year. 

Moreover, coal production during the April-September 2024 period demonstrated a commendable increase, reaching 453 MT compared to 428.21 MT in the same period of FY 2023-24, marking a growth of 5.79  per cent. This upward trend reflects the government’s ongoing efforts to streamline coal usage and enhance domestic production. The measures taken by the government to increase domestic coal output will ultimately reduce dependence on imports and contribute to the overall sustainability of India's energy landscape.

  RELATED NEWS >>