Coal India last week floated its first tender for import of 2.416 million tonnes of coal
Highlight
- The country imported 210 million tonnes of coal in 2021-22.
- Coal India last week floated its first tender for import of 2.416 million tonnes of coal
- Non-coking coal is mainly used as thermal coal for power generation
India’s coal imports are likely to decline 11.4 per cent to 186 million tonnes (MT) in the current fiscal, even as the state-owned firm has floated import tenders to source the dry fuel from abroad.
Coal India Ltd, which accounts for over 80 per cent of domestic coal production, last week floated a tender for import of coal to build up the fossil fuel stock at government-mandated indigenous power plants.
The country imported 210 million tonnes of coal in 2021-22. According to the medium-term estimates of the Ministry of Coal, in the current financial year, the company is expected to import 186 MT of coal, 130 million tonnes is non-coking coal and 56 million tonnes is coking coal.
Non-coking coal is mainly used as thermal coal for power generation. India is expected to import 172 million tonnes of coal in 2024-25, 173 million tonnes in 2027-28 and 170 million tonnes in 2029-30. The Coal Ministry said that the country imported 215 million tonnes of coal in FY 2011 and 249 million tonnes in FY 2010.
Coal India last week floated its first tender for import of 2.416 million tonnes of coal and also two international competitive bidding e-tenders for 3 million tonnes to source coal from overseas.
The import tender was floated after the government asked the company to stockpile fossil fuels to avoid a recurrence of power shortages, caused by fuel shortage in April.
Though CIL is at its best in ramping up production to meet the country’s domestic demand, it is a step in a state of readiness to tackle coal supply shortfalls in future, the PSU said.
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