India’s April coal imports down by 15% on year

India’s coal imports in April fell 15 percent year on year to 15.9 million tonnes, according to a coal ministry official.

In value terms, the imports were worth 60.23 billion rupees ($902 million), a decline of 32 percent against the same month last year.

“Reduced import in 2015-16 resulted in saving of estimated Rupee 240 billion in foreign exchange,” coal secretary Anil Swarup said in a Tweet.

India has been pushing its state-run coal India to produce more, as it is keen to reduce imports and meet demand from domestic production.

Coal India has ramped up production in the past year and increasingly power plants are using domestic coal.

 

 

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