Of the total import in October 2020, non-coking coal was at 14.46 MT. In October 2019, the import was 13.57 MT
Of the total imports in August, non-coking coal''s shipment was at 8.87 MT and coking coal at 2.18 MT
The drop in imports assumes significance in the wake of government mandating state-owned Coal India Ltd to replace at least 100 million tonne of imports with domestically-produced coal in 2020-2021
Adani Power, GMR Energy, Avantha Power, Lalitpur Power, and Vedanta are some of the private companies that have applied for the 'import substitution' scheme of the Centre
Earlier it was planning to buy mines; now, it will try to freeze contracts at competitive prices
Imports are seen falling to below 150 million tonnes by the year ending March 2024, down from 235.2 million tonnes India got from overseas in the last fiscal year.
WoodMac previously said India's thermal coal imports grew at their fastest pace since 2014 to 164 million tonnes in 2018
Last year, India imported 7.54 million tons of US thermal coal -- which is burned by power plants -- and 3.92 million tons of metallurgical coal, which is used in steelmaking