India's trade deficit narrowed to USD 24.53 billion in November from USD 41.68 billion in October, said the data released by the government on Monday. This was driven by a fall in gold, oil and coal imports, it said.
India has the potential to become a preferred global destination for data centres, supported by a strong and integrated national power grid and a transformed energy sector, Commerce and Industry Minister Piyush Goyal said Monday, during a media interaction.
India crossed the landmark of 1 billion tonne coal production in a single year for the first time in 2024-25. In his presentation, the minister said the total production in 2024-25 was recorded at 1.048 billion tonnes. Minister Vaishnaw also shared a graph in his presentation showing the gra
India's coking coal imports are projected to grow significantly as the nation targets 300 metric tons (MT) of steel production capacity by 2030, according to the latest report by EY Parthenon in association with the Indian Steel Association (ISA).
India's coal imports fell by 7.9 per cent, totalling 243.62 million tonnes (MT), compared to 264.53 MT during the just-concluded financial year 2024-25, the Ministry of Coal said in a statement Tuesday.
India's coal imports witnessed a sharp decline of 9.2 per cent during the April 2024 to February 2025 period, totaling 220.3 million tonnes (MT), down from 242.6 MT in the same period the previous fiscal year.
The drop in coal imports is a significant achievement in India's pursuit of energy security, particularly in the face of growing demand for coking coal and high-grade thermal coal, which remain in short supply within the country.
India's coal imports during the April-October period of FY 2024-25 witnessed a major decrease of 3.1 per cent, reaching 149.39 million tonnes (MT) compared to 154.17 MT in the corresponding period of last year, the Coal Ministry stated on Thursday.
India's The overall coal production reached at 90.62 million tonnes (MT) (Provisional), compared to 84.52 MT in the same month last year, marking a 7.20 per cent growth, the ministry of Coal said in a release on Sunday.
Coal imports for blending purposes decreased to 9.79 MT compared to last year which was 10.70 MT indicating a decline of 8.5 per cent during the same period, the Ministry of Coal said in a release.
Under the "Mission Coking Coal" initiative, part of the Aatmanirbhar Bharat vision, BCCL has implemented key reforms in its auction processes, aimed at increasing the use of domestic coking coal and reducing the strain on India's foreign reserves caused by coal imports.