Coal Import Bills Sky-Rocketed Three Folds In Five Years

16 November, Kolkata

Although there not much spending in coal imports by India in recent months, the import billing on this fuel has actually grown three-fold over the last 5 years, according to India Coal Market Watch (ICMW).

Total imports of coal went upto nearly 242 million tons (mt) in 2014-15 from 73 mt in 2009-10, the ICMW data claimed.

However, ICMW has since revised its 2014-15 import estimates to 238.50 mt. Over the same period, the total import bill shot up to Rs 1,20,225 crore in 2014-15 from Rs 39,180 crore, the estimate shows.

Over the same period, coal consumption by India has grown by 37 per cent from 620 mt in 2009-10 to 850 mt in 2014-15, the data said.