Government on Monday said that coal imports dropped by 27.16 per cent to 12.6 million tonnes (MT) last month from a year-ago period on the back of rise in domestic production.
“With unprecedented increase in coal production by Coal India, import of coal comes down for third successive month,” Coal Secretary Anil Swarup tweeted.
“Coal imports down from 17.3 MT in Sept 14 to 12.6 MT in Sept 15. In value terms from `8,598 crore to `6,027 crore, a reduction of 30 per cent,” he said in another tweet.
Coal India which accounts for over 80 per cent of the domestic coal production is targeting one billion tonnes of coal production by financial year 2020. According to mjunction, an e-auction joint venture between Tata Steel and SAIl, coal imports were down in September due to low imports.