Coal Imports Drop by 7.9%, India Saves $7.93 Billion in Forex
New Delhi: India witnessed a 7.9% decline in coal imports during the financial year 2024-25, resulting in a significant foreign exchange saving of approximately $7.93 billion, the Ministry of Coal announced today.
According to the ministry, coal imports dropped to 243 million tonnes from 264.53 million tonnes in the previous fiscal. Despite a 3.04% rise in coal-based power generation during the same period, imports for blending by thermal power plants plunged sharply by 41.4%.
वित्त वर्ष 2024-25 के दौरान देश में कोयले का आयात 7.9 प्रतिशत घटकर 243.62 मिलियन टन हो गया, जबकि पिछले वित्त वर्ष में यह 264.53 मिलियन टन था
इस कमी से लगभग 7.93 अरब डॉलर (60681.67 करोड़ रुपए) की विदेशी मुद्रा की बचत हुई
विवरण: https://t.co/9rGH7okI5s @CoalMinistry
— पीआईबी हिंदी (@PIBHindi) May 27, 2025
The Ministry attributed the reduction in imports to increased domestic production and strategic initiatives aimed at self-reliance. Overall coal output grew by 5% in FY 2024-25 compared to the previous year, further boosting energy security and easing pressure on the country’s foreign exchange reserves.
