Coal import cut back by 9%, saving $6.93 B in forex

India's coal sector plays a pivotal role in supporting its rapidly growing economy, with coal serving as a primary energy source for critical industries like power, steel, cement, etc.

- TDG NETWORK

India's coal imports witnessed a sharp decline of 9.2 per cent during the April 2024 to February 2025 period, totalling 220.3 million tonnes (MT), down from 242.6 MT in the same period the previous fiscal year.

This significant reduction translated into foreign exchange savings of approximately USD 6.93 billion (RS 53,137.82 crore), signalling a major stride toward energy self-reliance, the Coal Ministry said.