India's coal import bill falls by $7.93 billion as local production surges in FY25

IANS | May 27, 2025 6:49 PM

New Delhi, May 27 (IANS) India’s coal imports declined by 7.9 per cent to 243.62 million tonnes (MT) during financial year 2024-25 due to the increase in domestic production of the fossil fuel, resulting in a massive saving in foreign exchange to the tune of $7.93 billion (Rs 60681.67 crore) in the import bill, according to a Coal Ministry statement issued on Tuesday.