September 25, 2024 6:24 PM
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...