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.
The Coal Ministry on Tuesday held discussions with stakeholders on the more stringent guidelines that it plans to introduce for fostering a sustainable approach to coal mining that includes mandatory measures to preserve the environment.
The coal stocks at domestic coal-based Thermal Power Plants is currently at 44.46 million tonnes (MT) which is sufficient to meet the requirements for 18.5 days as per the present level of consumption, the Ministry of Coal said on Monday.
The Ministry of Coal on Thursday announced that it has revised the framework of preparation of the Mining Plan, a pivotal step to regulate and advance India's coal mining sector, and issued draft guidelines for consultation.
This proactive initiative aims to secure uninterrupted power for citizens nationwide during this peak demand period.
This surpasses the figures of 90.42 MT of the corresponding month during the previous year, representing an increase of 10.30 per cent.
