Reduction in coal import in Apr-Dec leads to foreign exchange saving of around Rs 42,315 crore

New Delhi: India's coal import dropped by 8.4 percent to 183.42 million tonnes in the April-December period of the current fiscal, resulting in foreign exchange savings of around Rs 42,315 crore.

The country's coal import was 200.19 MT in the corresponding period of the previous fiscal.

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"Coal imports...during April to December 2024 fell by 8.4 percent, totalling 183.42 million tonnes (MT), compared to 200.19 MT in the same period of the previous fiscal year. This reduction resulted in foreign exchange savings of approximately USD 5.43 billion (Rs 42,315 crore)," the coal ministry said in a statement.

The non-regulated sector, excluding the power sector, experienced a more significant decline, with imports dropping by 12.01 percent year-on-year.

Although coal-based power generation grew by 3.53 percent from April to December 2024 over the previous year, imports for blending by thermal power plants decreased by 29.8 percent.

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