India's coal imports may drop by 11% to 186 MT in FY23
India's coal import is likely to decline by 11.4% to 186 million tonnes (MT) in the current financial year.
India imported 210 MT of coal in 2021-22.
According to the Coal Ministry, in the current financial year, the company is expected to import 186 MT of coal of which 130 MT is non-coking coal and 56 MT is coking coal.
Non-coking coal is aboundently used as thermal coal for power generation.
India imported 215 MT of coal in FY'21 and 249 MT of coal in FY'20.
India will import 172 MT of coal in 2024-25, 173 MT in 2027-28 and 170 MT in 2029-30.
Coal India last week floated its first tender for import of 2.416 million tonnes of coal and also floated two international competitive bidding e-tenders for 3 million tonnes.
Coal India Limited (CIL)
It is an Indian government’s owned coal mining and refining corporation.
It is owned by the Ministry of Coal, Government of India.
It was established in November 1975
Headquartered - Kolkata, West Bengal
Coal India is the largest producer of coal in the world.
It contributes around 82% to the total coal production in India.
Please Rate this article, so that we can improve the quality for you -