India's coal imports fall for sixth straight month in December | Reuters - Firstpost
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India's coal imports fall for sixth straight month in December | Reuters

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NEW DELHI India's coal imports fell for a sixth month in December, a government official said Wednesday, as the world's third-biggest buyer of the fuel expands domestic mines to boost output and expand power generation.

India shipped in 12.35 million tonnes of coal last month, a 34.3 percent decline from the same month a year ago. Imports slipped thanks to a jump in production by state-run Coal India (COAL.NS), the world's biggest miner of the fuel that is opening one new mine a month as the government fast-tracks environmental clearances.

"Record coal production by Coal India leads to further reduction in imports," Coal Secretary Anil Swarup tweeted.

Coal India's April-December production grew by a record 9 percent, keeping the country on course to reduce annual imports for the first time in five years.

(Reporting by Sankalp Phartiyal)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Jan 6, 2016 15:11 IST

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