Import reduction due to leap by local giants

India imports 235 million In the world has identified 15 tonnes of coal annually. Almost half of the imported coal grade is non substitutable as its grades are not available in the country. Most MDO companies have recently entered the coal industry, their coal projects have been churning out impressive figures. India's coal imports have already fallen by 14% to 196.13 million tonnes in the last fiscal, leading legitimacy to the prediction. Coal secretary Anil Jain said "We are on track to produce 700 million tonnes of coal in 2020-2021 fiscal". CIL (Coal India limited), the largest coal producing company mining projects for MDO operations in an effort to increase the production. MDO operations undertaken by EMIL, DilipBuildcon, VPR Mining and Adani coal project will prove indispensable if India is to reduce its coal import The decision to hold auctions for coal mines also turned out favourable for players like Adani group and Vedanta The Home minister had earlier. said that coal sector would be a valuable contributor to India's growing economy. This bodes well for the sector as the CIL, EMIL, Vedanta and Adani coal project can expect investments.

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