Industry Segment: Market Brief | Word Count: 109 Words

India is planning to bring "avoidable coal imports" to zero by 2023-24 amid an abundance of fuel stock due to subdued demand by from the power sector in the wake of COVID-19. For the last financial year, the country's coal imports increased marginally by 3.2% to 242.97 million tons (MT), of which 110 MT was unavoidable import fuel, while the remaining 130 MT was avoidable.

The unavoidable coal import mainly consists of coking coal and low ash content coal, mainly used for steel plants. Industrial Info is tracking more than 2,000 capital projects at Indian mines worth $73 billion. Click here for a list.