Coal India mandated to replace 100 Million tonnes of imports from non-regulated sector like Aluminium
The Indian state-owned coal mining company “Coal India Ltd” has been mandated by the Government of India to replace at least 100 million tonnes of imports with domestically-produced coal in the ongoing fiscal.
An official spoke-person of CIL said: “Coal India has a mandate of replacing at least 100 million tonnes of imported coal with domestic non-coking coal in the financial year 2020-21. In its bid to substitute imports with domestic coal, CIL is connecting with non-regulated sectors like aluminium and few others for domestic coal. It has also removed many extra costs and reduced the reserve price to zero.”
The development comes at a time when the country, on the one hand, has an abundance of domestic coal, while on the other hand there is a sink in demand for the dry fuel.
India has imported 247.1 million tonnes of coal in 2019-20, that is about 5% higher than 235.35 million tonnes imported during 2018-19.
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