India, May 27 -- The Government of India issued the following news release:
Coal imports in the country during FY 2024-25 fell by 7.9 %, totalling 243.62 million tonnes (MT), compared to 264.53 MT in the previous fiscal year. This reduction resulted in foreign exchange savings of approximately $7.93 billion (rs 60681.67 crore). Notably, the Non-Regulated Sector, excluding the power sector, experienced a more significant decline, with imports dropping by 8.95% year-on-year. Although coal-based power generation grew by 3.04% from FY 2024-25 compared to the previous fiscal year, imports for blending by thermal power plants sharply decreased by 41.4%. This highlights India's ongoing efforts to reduce its dependence on imported coal and enhance...