Enhanced production by CIL reduces coal imports: Piyush Goyal

The government admits gap between demand and supply of coal cannot be bridged completely due to insufficient domestic availability of coking coal

GN Bureau | February 9, 2018


#PSU   #CIL   #Piyush Goyal  

Coal imports have fallen from 217.78 Mte in 2014-15 to 203.95 Mte in 2015-16 and further to 190.95 Mte in 2016-17. The trend of fall in import of coal has continued in the current fiscal.

As per the directorate general of commercial intelligence and statistics (DGCI&S), during April-October 2017-18, 118.86 Mte of coal was imported compared to 121.14 Mte in the corresponding period of the previous fiscal, showing a decline of 1.9 percent.

The government has said that the fall in coal imports is largely because of the enhanced production by Coal India Ltd. The vendible stock of CIL has increased from 53.47 Mt in 2015 to 68.42 Mt in 2017. The off-take /dispatch of coal of CIL has also increased from 488.86 Mt in 2014-15 to 543.16 Mt in 2016-17.

However, the government has admitted that the gap between demand and supply of coal cannot be bridged completely due to insufficient domestic availability of coking coal and power plants designed on imported coal will continue to import coal for their production.

The DGCI&S records show, a small quantity i.e. 1.07 MT of coal was imported (including coal, coke and briquettes) from USA in October, 2017 against 0.36 MT imported in January, 2015.

Minister of railways and coal Piyush Goyal gave this information in Lok Sabha.

 

Comments

 

Other News

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the

Vasudhaiva Kutumbakam: How to connect businesses with people

7 Chakras of Management: Wisdom from Indic Scriptures By Ashutosh Garg Rupa Publications, 282 pages, Rs 595

ECI walks extra mile to reach out to elderly, PwD voters

In a path-breaking initiative, the Election Commission of India (ECI), for the first time in a Lok Sabha Election, has provided the facility of home voting for the elderly and Persons with Disabilities in the 2024 Lok Sabha elections. Voters above 85 years of age and Persons with Disabilities (PwDs) with 4

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter