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Coal Import during April – August, 2021 Reduced to 94.15 Million Ton against 107.01 MT in 2019-20

Newdelhi:9/11/21: India has been importing coal to bridge the gap between the requirement of coal and the domestic production in the country. The dependence on imports for Coking Coal mainly used in the steel sector has been predominantly due to very limited domestic availability. Thus, import under this category has been largely non substitutable. Even though the import of Coking Coal is non-substitutable, consequent to the sustained effort of the government, in line with mission ‘AtmaNirbhar, the imports of various grades of Non Coking Coal have reduced substantially during the current financial year. The latter includes high GCV thermal coal used for industrial purpose and low GCV that goes for power generation.

In the first five months of the Financial Year 2021-22 i.e. up to August 2021(Firm import data is available up to August,21), the import of all varieties of Non Coking Coal has reduced to 70.85 MT from 84.44 MT during the corresponding months of the financial year 2019-20 representing a decline of about 16.09%. The financial year 2020- 21 is not being taken for comparison purpose due to industrial production getting severely affected during this year because of Covid-19 related restrictions where the decline observed is 21%.

The reduction of imports of low calorific value (low GCV) of Non Coking Coal which is mainly used in power sector is even more significant. During FY 2021-22 upto Aug 21, the imports of such grades of coal have decreased by about 47% to 15.24 MT from 28.69 MT during the same period of FY 2019-20. Due to substantial reduction of import of Non Coking Coal in the current year, the total import of coal has also reduced to 94.15 MT in the period from April to August 2021 compared to 107.01 MT during the corresponding period of FY 2019-20, a decrease of about 12%. This has resulted in considerable financial savings in the current year as coal prices are going up sharply in the international market.

The total domestic dispatch of coal has gone up by 9.44% to 317.69 MT in the current FY upto August, 21 as compared to 290.28 MT in the same period of FY 2019-20. This increase could be achieved despite serious challenges arising out of unprecedented rain in several mine areas this year. The government is continuing all efforts to further enhance the coal production and dispatch. Coal India Limited and other Coal producing Units are all set to ramp up the domestic production.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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