India has reduced its coal imports as of April-October FY 2024-25. Import has accounted for a decrease of 3.19% this year to 149.39 million tonnes (MT) as compared to 154.17 MT during the same period last year. The Other than Regulated Sector (NRS)-steel, cement, etc.-witnesses an even sharper decrease by 8.8%. This is all before going to self-sufficiency in producing coal to avoid becoming costly importing fuel types.
In fact, though coal-based power generation raised 3.87%, those imports for blending purposes by thermal power plants saw a deep 19% decline. Evidently, the government’s endeavor to stress domestic resources to address energy needs could be borne out by this. The use of domestic coal in generation is also a significant factor bringing down the dependence on imports, though energy demands are rising.
Apart from these, actual growth in domestic coal production was quite impressive during this period, with production hitting 537.57 MT, alone accounting for 6.04% growth over last year’s 506.93 MT. This increase stands as testimony to the initiative of translating the operations into reality through augmenting production capacity, thereby ensuring the economy of the nation in domestic coals.
With strategies related to improving domestic production and reducing outflow of foreign currency, India is steadily moving towards energy independence. These measures would thus ensure energy security as well as sustainability to India energy sector.
Make sure to follow up on the current updates on the energy terrain in India by Dalal Street India.
Also read: Indian Markets on 18th December: Sensex Ends Below 80,200 Amid Heavy Selling Pressure
Published on: December 18, 2024 at 7.30 PM GMT.
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Tomorrow 20th dec is celebrated as International Human Solidarity Day!
As stated in Bhagavad Gita : (Bhagavad Gita 6.6)
यस्त्विन्द्रियाणि मनसा नियम्यारभते नरः।
One who has control over the senses and who is engaged in the practice of yoga is truly a yogi.
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