Due to a steady domestic production and improved quality control, India saved over Rs 1 trillion in coal import bill over the last four years. While power generation from coalfired stations grew at nearly 5 per cent, the shipments reduced from 91.29 million tonne (MT) in 2014-2015 to 56.41 MT in 2017-2018. Besides, the imports by the power sector rose by nearly 10 per cent annually between 2010-11 and 2014-15, updates the internal assessment paper of the coal ministry. The analysis, undertaken after several power stations recently ran low on coal stocks, assumes a Compounded Annual Growth Rate (CAGR) of 22.6 per cent on the basis of average import growth rate between 2009-10 and 2014-15 to project a requirement of 380 MT shipments in 2017-18, valued at Rs 2.52 trillion. Against this projection, actual imports stood at 208 MT, valued at Rs 1.14 trillion, reflecting a huge saving of forex outgo.
FlashNews:
InfraPandit Awards to Honour Doctoral Excellence in Infrastructure
REC Wins Leading CSR and Sustainability Award for Healthcare Support
HAL Set to Enter New Global Space Race with SSLV Contract Win
Multimodal Logistics: Optimising Assets, Strengthening Supply Chains
Gadkari Announces FASTag Annual Pass to Ease Private Vehicle Movement from Independence Day
Air India 171 Crash: A Definitive Inflection Point for Indian Aviation
REC Reports Strong Profit Growth
GAIL Reports Record Profit Surge
India Calls for Inclusive Energy Governance at BRICS Meet
Mumbai-Ahmedabad Bullet Train’s 300 km Viaduct Milestone
India Revokes Security Clearance to Turkish Firm Çelebi
Major Ports Handle Record Cargo Throughput in FY2025
India Committed to Unlocking Energy Potential: Puri
Gaganyaan Scheduled for 2027 Launch
Defence Budget Set for Rs.500 Billion Top-up
Operation Sindoor: The Indigenous Edge
Securing India’s New Crown Jewels
Logistics parks, multimodal cargo hubs poised for rapid growth
India is ready to build for the world!
Home » Coal import bill down Rs 1 trillion in four years
Coal import bill down Rs 1 trillion in four years
Coal & Mining
November 2, 2018June 9, 2021

Leave a Reply
You must be logged in to post a comment.