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India's Coal Imports Drop 7.9% as Domestic Output Hits Record High

Union Minister G Kishan Reddy says the forthcoming coal trading exchange will enhance market transparency for domestic buyers.

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Overview

  • Coal imports fell 7.9% to 243.62 MT in FY2024-25, down from 264.53 MT the previous year.
  • This reduction saved India $7.93 billion (₹60,681.67 crore) in foreign exchange.
  • Strategic measures such as Commercial Coal Mining and Mission Coking Coal have driven a 5% rise in domestic production to 1,047 MT.
  • Coal-based power generation grew 3.04% while blending imports for thermal plants plunged 41.4% year-on-year.
  • India’s first coal trading exchange is scheduled to launch soon and aims to facilitate seamless trading and transparent price discovery.