In line with GoI’s mission of ‘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.
As per the ministry of coal 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%.
Coal Import during April – August, 2021 Reduced to 94.15 Million Ton against 107.01 MT in 2019-20
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 said the release.
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.