COMMODITY
India’s coal import by non-regulated sectors declines 10% in April to September 2024
Nov-21-2024

India’s coal import by non-regulated sectors (NRS) declined by 9.83%, dropping to 63.28 million tons (MT) during April to September, 2024, from 70.18 MT in the same period last year. Also, coal import by domestic coal-based thermal power plants (for blending) decreased by 8.59%, falling to 9.79 MT in April to September, 2024 from 10.71 MT in the corresponding period of the previous year. This demonstrates an increased reliance on domestic coal supplies for these sectors. However, there has been a rise in the import of coking coal, essential for the steel industry, and coal for imported coal-based (ICB) power plants, which are not substitutable by domestic coal. 

The overall coal imports during April-September 2024 increased marginally by 1.36%, reaching 129.52 MT compared to 127.78 MT in the corresponding period of the previous year. In terms of value, overall imported coal during April-September 2024-25 stands at Rs 1,38,763.50 crore, a decrease from Rs 1,52,392.23 crore during the same period last year. This reduction has resulted in huge savings of Rs 13,628.73 crore demonstrating a more cost-effective approach to coal procurement.

The Ministry of Coal remains committed to reducing dependency on imported coal where feasible, by ramping up domestic production and streamlining logistics. At the same time, imports of non-substitutable coal are strategically maintained to support critical industries like power and steel. The Ministry reiterates its focus on ensuring energy security and cost efficiency while advancing towards the vision of Atmanirbhar Bharat. 

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