Govt aims to reduce overall coal import to 10% by FY26, say sources
psuwatch.com
India
28-02-2024
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With domestic coal production clocking good numbers, the government is aiming to reduce overall coal imports to 10 percent by FY26, two ministry sources in the know of the matter told PSU Watch. “The government’s plan is to reduce the overall import of coal to 16 percent by FY25 and further down to 10 percent by FY26, which will mostly be coal that can be substituted via domestic coal,” said one of the two sources quoted above. A day ago, the Ministry of Coal reported that there has been a decline of 36.69 percent in coal imported for blending by the power sector to 19.36 MT during April-January period from 30.58 MT in the corresponding period of the previous year.