The reduction in coal imports resulted in foreign exchange savings of approximately $5.43 billion (Rs 42,315.7 crore) for the country, the Coal Ministry said.
The import of Coal from April to December 2024 fell by 8.4 per cent, totalling 183.42 million tonnes (MT), according to the Coal Ministry statement on Tuesday. This is a fall as compared to 200.19 MT in the same period of the previous fiscal.
It is part of a series of nationwide engagements aimed at encouraging industry collaboration and boosting investments in the sector.
Total coal production during January 2025 spiked by 4.38 per cent to 104.43 MT from 100.05 MT, recorded during the corresponding period of the previous year, the Coal ministry said on Monday.
Captive and other mines produced 18.95 MT, reflecting a significant growth of 29.61 per cent compared to 14.62 MT in the corresponding period of the last year.
India recorded its highest ever coal production of 997.826 million tonnes (MT) in the financial year 2023-24 which represents an 11.71 per cent increase in comparison to the corresponding figure of 893.191 MT in the year 2022-23, according to the year-end review of the Coal Ministry.
In November, the Coal Ministry achieved a remarkable milestone with overall coal production reaching 90.62 million tonnes (MT) (Provisional), marking a 7.20 per cent growth YoY.
Vikram Dev Dutt assumed charge as the secretary of the Ministry of Coal on Monday.
The comprehensive review focused on highlighting the government's commitment to enhancing domestic coal production, the Ministry of Coal said in a statement on Thursday.
It said that this initiative is a cornerstone in the Ministry’s vision to position India as a global leader in sustainable coal production and logistics, aligning with the broader goal of a prosperous and developed nation by 2047.
