Coal production: Be it thermal power plant or the steel industry, there is a major demand for coal in the energy sector of India. By the way, there is no shortage of coal in India. The five countries of the world which have the largest reserves of coal include America, Russia, Autllia and China as well as India. But despite this, India needs to get coal from other countries because there is a shortage of coal for better quality like cooking coal in the country. Apart from this, many times there is a need to import coal to meet the increasing domestic demand. Billions of dollars are spent every year.
Government savings in 11 months
However, the government on Tuesday informed about the increase in coal production in the country. Due to this, during April 2024 to February 2025, the import of coal in the country declined 9.2 percent to 220.3 million tonnes (MT). Whereas last year, 242.6 metric tons of coal had to be imported during this period. The coal ministry said that due to this decrease in the import of coal in the last 11 months, the country’s foreign exchange reserves have saved about $ 6.93 billion (Rs 53137.82 crore).
Power generation also increased
The good thing is that there has been a decrease in import of coal in all non-regulated sectors except the power sector. Coal imports in these areas have decreased by 15.3 percent. However, the good thing is that the use of coal has increased by 2.87 percent compared to last year from April 2024 to February 2025. But there has been a decrease of 38.8 percent in the import of coal for blending by thermal power plant.
India is becoming self -sufficient in coal production
India is trying to reduce its dependence on coal imports and become self -sufficient in coal production. The government has also started many initiatives like commercial coal mining and mission cooking coal for this.
As a result, coal production increased by 5.45 between April 2024 to February 2025. The coal sector of India plays an important role in supporting its rapidly growing economy, in which coal works as a primary source of energy in many big sectors such as electricity, steel and cement.
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