Coal Import Bill Reduced by .₹ 28,000 crore in FY16
Helped by a record coal production by the world's largest miner Coal India Ltd (CIL), India reduced its import bill of the dry fuel by more than .₹ 28,000 crore in the last fiscal. “Record coal production by CIL leads to a reduction in import by 34.26 million tonnes (MT). Results in a saving of .₹ 28,070 crore in foreign exchange during 2015-16,” Coal Secretary Anil Swarup said in a tweet. He further tweeted that imports came down by 27.4% from 21.42 mt during March 2014-15 to 15.54 mt in March 2015-16.