Coal imports for power to end by FY26
Coal India subsidiaries and NLC India on Thursday to review coal production and offtake in the last quarter of the fiscal. In a tweet, the minister said: “Happy to note that so far this year, the coal sector has achieved 11% growth in production and 8% growth in offtake over last year, and we are confident of achieving more than 1 billion tonne coal production in 2023-24." He added that the meeting laid emphasis on preparing a roadmap for sustainable coal mining in the coming years.
“Urged coal companies to increase coal production with due regards to safety and environment," he said on X (formerly Twitter). On the cabinet decision to approve the ₹8,500 crore viability gap funding (VGF) scheme for coal gasification, the minister said gasification would help produce syngas, methane and ethanol among others which would help cut fossil fuel imports.
“We are import dependent on many such products. So we have decided to use the available coal in the country to have domestic production of all these required products for our energy security," he said.Milestone Alert!
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