India could cut non-coking coal import drastically by FY26
Imports of non coking coal could be cut drastically by fiscal 2025-26 on the back of increased output of dry fuel in the country, PM Prasad, Chairman and Managing Director of Central Coalfields Ltd (CCL) said.
Ranchi: Imports of non coking coal could be cut drastically by fiscal 2025-26 on the back of increased output of dry fuel in the country, PM Prasad, Chairman and Managing Director of Central Coalfields Ltd (CCL) said. The chairman of the Coal India subsidiary said the world's largest coal miner, Coal India Ltd, would be able to produce one billion tonnes by FY26.
"We have to see that targets are in place. Last year (fiscal 2022-23) we (Coal India) produced 703 million tonne. The target for FY 24 is 780 MT and FY 25 is 880 MT,” Prasad, whose name was recommended by the PESB earlier this month for the job of CMD of Coal India Ltd, said.
He added that the CIL production “will touch one billion tonnes in FY 26.” “If we achieve this, definitely imports of non-coking coal will be reduced....within three years non coking coal imports can be brought down to a minimum level," Prasad said.
