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Energy is one of the major drivers of economic growth of any country. India is currently among the top three fastest-growing economies of the world and is heavily reliant on coal to power its industries. Major coal importers play an integral role in helping India to meet its growing demand. Around 66% of India’s power generation is coal-based. The professional importers of coal ensure that there is enough stock to cater to industrial needs. Vinod Agarwal, the MD of Agarwal Coal, has a physical stock of 1.25 million metric ... more

Despite domestic production, the coal imports of India have risen to 22% in fiscal 2023. In 2022-2023, India has imported more than 160 million tonnes of coal. In March, non-coking coal import stood at 14 MT. Note that India ranks among the top five coal-producing countries in the world. Moreover, the country also exports coal to its neighbours, Nepal and Bangladesh. However, some demands for coal are met through imports, as the country is heavily reliant on coal. India mainly imports coking coal, a major component in steel manu... more