Coal imports

India’s coal imports rise amid surge in power generation

India, which holds the fifth-largest coal reserves globally, ranks as the second-largest coal consumer, fueled by a rapidly expanding economy. However, the current consumption scenario highlights a pressing need for imports, especially for coking coal and high-grade thermal coal, which are insufficiently available from domestic reserves. This gap necessitates imports to support essential industries, particularly steel manufacturing. During the April-July period of FY 2024-25, coal imports saw a...

September 16, 2024 6:12 PM

India’s coal production surges, import dependency declines

India, home to the world's fifth-largest coal reserves, has seen a significant boost in domestic coal production over the past decade, reducing its reliance on imports despite being the second-largest consumer of coal globally. Recent data reveals a marked improvement in India's coal production growth rate. From fiscal year 2004-05 to 2013-14, the compound annual growth rate (CAGR) of coal production was 4.44%. However, this figure rose to approximately 5.63% between fiscal years 2014-15 and 20...