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Coal India Seeks To Substitute 80-85 Million Tonnes of Imported Fuel In FY21

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Coal India Seeks To Substitute 80-85 Million Tonnes of Imported Fuel In FY21

India had imported 248 million tonnes of coal in 2019-20.

Government-run Coal India is aiming at substituting imported dry fuel of 80-85 million tonnes with more domestic supplies in the current fiscal, an official said on Thursday.

The miner has asked power plants in the coastal areas to submit proposals for a gradual increase of its supplies to these units to reduce foreign exchange outgo, the Coal India official said.

“We are expecting to substitute 80-85 million tonnes of imported coal this year and have asked the coastal power plants to submit proposals to us and the railways for domestic supplies,” Coal India director marketing S N Tiwari said at an event organised by mjunction.

The country had imported 248 million tonnes of coal in 2019-20, resulting in an outflow of around Rs 1 lakh crore of foreign exchange, the official said.

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The government will consider offering concessions on various counts such as quality and freight to make domestic coal attractive over the imported fuel, Tiwari said.

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