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India's coal import likely to decline by 11.4% to 186 MT in FY23: Coal ministry

14 Jun 2022 Evaluate

The ministry of coal in its medium-term projections has said that India's coal import is likely to decline by 11.4 per cent to 186 million tonnes (MT) in the current financial year (FY23), even as the state-owned firm has issued import tenders to source the dry fuel from overseas. The country imported 210 MT of coal in the 2021-22.

Coal India, which accounts for over 80 per cent of domestic coal output, last week issued tenders to import coal in a bid to build up the stock of fossil fuel at the indigenous power plants, as mandated by the government.

According projections, of the 186 MT of coal that the company is expected to import in the ongoing fiscal, 130 MT is non-coking coal and 56 MT is coking coal. Non-coking coal is mainly used as thermal coal for power generation. India is likely to import 172 MT of coal in 2024-25, 173 MT in 2027-28, and 170 MT in 2029-30. The coal ministry said the country imported 215 MT of coal in FY'21 and 249 MT of coal in FY'20.

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