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Reduction in coal import saves around Rs 42,315 crore

New Delhi:  The coal imports to India decreased by 8.4 percent during April to December 2024. Coal imports from April to December 2024 stood at 183.42 million tonnes compared to 200.19 million tonnes in the same period of the previous fiscal year. This reduction resulted in foreign exchange savings of approximately Rs 42,315 crore. Data released by the  Ministry of Coal showed this.

The non-regulated sector, excluding the power sector, experienced a more significant decline, with imports dropping by 12.01 percent year-on-year. Coal-based power generation grew by 3.53 percent from April to December 2024 compared to the previous year. However, imports for blending by thermal power plants sharply decreased by 29.8 percent.

Meanwhile, India’s coal production for the month of February reached 928.95 million tonnes (MT). This is a growth of  5.73 per cent increase compared to 878.55 MT in the same period last year.

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As per data, cumulative coal dispatch has risen to 929.41 MT, marking a 5.50 per cent growth from 880.92 MT in the previous year. The coal production from captive and other entities stood at 173.58 MT up to February 2025, registering a 30.16 per cent increase from 133.36 MT in the corresponding period last year. Similarly, coal dispatch from Captive and Other entities reached 178.02 MT up to February 2025, reflecting 31.90 per cent increase from 134.96 MT in the same period last year.

As per the data released in January, the coal production reached an all-time high of 1,039.59 million tonnes (MT) (provisional) in 2024, marking a significant 7.28 per cent growth compared to the previous year’s total of 969.07 MT. Similarly, coal dispatches in 2024 also hit a record highest, with 1,012.72 MT (provisional) dispatched across the nation, surpassing the 950.39 MT recorded in 2023 by an impressive 6.56 per cent.

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