Substantial Reduction in Coal Imports

With increase in domestic production of coal, India has achieved significant reduction in import despite surge in power demand. Imports of all grades of Non Coking Coal has come down to 117.507 Million Ton (MT) during    April – December 2021 from 147.85 MT during the corresponding months  of FY 20, leading to a decline of about 20.52 percentage.

The import of Non Coking coal, primarily used in power sector has decreased  by 59.20 percentage from 52.49 MT to 21.41 MT upto Dec 2021 in comparison to the same period of FY 20.

The overall import of coal has also reduced to 160.84 MT in the period  April to December 2021 as compared to 186.65 MT during the corresponding period of FY 20,  indicating a  decrease of about 13.82 percentage which has resulted in significant savings of forex reserves  this year especially when the coal prices are at a high level in the international market.  All efforts are on to further enhance domestic coal production as availability of additional coal will aid in import-substitution of coal.

The domestic coal based power generation upto December 2021 is 727.39 BU (Billion Units) with an increase of 12.10 percentage over generation of 648.843 BU during the corresponding period of FY 20. Imported coal based power generation which was 69.56 BU during April to Dec 2019  has reduced by 53.10 percentage to 32.62 BU during corresponding months of current FY 22.

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