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India's coking coal imports rise 5% to 58.813 MT in FY24

12 Dec 2024 Evaluate

India has imported 58.813 million tonnes (MT) coking coal in 2023-24 as compared to 56.053 MT during 2022-23, i.e. up by 4.92%. Meanwhile, India’s total raw coking coal production during the financial year 2023-24 stood at 66.821 MT. The domestic raw coking coal production target for the financial year 2024-25 is 77 MT. 

The Ministry of Coal has taken various steps to reduce these imports. The Ministry of Coal has launched ‘Mission Coking Coal’ to enhance domestic coking coal production to reduce import of coking coal, keeping in view the demand projection of steel sector. This mission aims to increase domestic raw coking coal production up to 140 MT by FY 2029-30. The target to increase raw coking coal production by FY2029-30 from Coal India subsidiaries is about 105 MT by FY 2029-30 from 60.43 MT during FY 2023-24.

Modernization and renovation of existing aging washeries of Bharat Coking Coal (BCCL) and Central Coalfields (CCL) which has surpassed designed lifespan for its optimal utilization. Three new washeries with a capacity of 11.6 MTY have been already commissioned. Additionally, new coking washeries by BCCL (03 nos. with cumulative capacity of 07 MTY) and CCL (05 nos. with cumulative capacity of 14.5 MTY) are planned.

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