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Coal gasification projects have the potential to save India around Rs 1.5 lakh crore in foreign exchange over the next five to seven years through import substitution, Coal Ministry Secretary Vikram Dev Dutt said on Thursday. The Centre has committed financial incentives of Rs 46,000 crore under two schemes to encourage coal gasification projects, Dutt said, addressing the 4th Conference of Mining Ministers on Reforms in the Mines and Coal Sector in South Goa. "Mining with a conscience" should be the guiding principle for responsible miners, the official added. He said coal gasification, which converts coal into synthetic gas (syngas), can help manufacture several products that India currently imports in substantial quantities. "If the coal gasification projects get underway and gain scale, we would be succeeding in about five to seven years in saving about Rs one and a half lakh crore potentially of foreign exchange through this import substitution," Dutt said. "Coal gasification
Coal imports by thermal power plants that depend on imported fuel rose marginally to 18.31 MT in August 2026 from 18.13 MT in the same month last year, even as the government continues to push for lower import dependence in the power sector. These plants are designed to operate primarily on imported coal. However, the country's total coal import dropped by 5.83 per cent in August to 104.57 million tonnes (MT) from 111.05 MT in August last fiscal. The decline reflects the continued efforts of the coal ministry to enhance domestic coal production, improve availability and strengthen the supply chain, with a view to reducing the country's dependence on imported coal. Coal imports by power plants dropped by 6.39 per cent to 21.32 MT in August from 22.77 MT in August 2025, the coal ministry said in a statement. The decline is consistent with efforts to improve domestic coal availability and reduce dependence on imported coal for blending at domestic coal-based power plants. The share
Coal Ministry on Friday said the daily supplies of coal to the power sector have increased by around 36 per cent from the September low. The rate of stock depletion has also moderated significantly, while rake position has strengthened, the ministry said. "Stock depletion has slowed sharply, with the daily drawdown falling by more than half from 0.243 MT per day in September to 0.116 MT per day in October. The position is therefore stabilising, although stock rebuilding is yet to commence," the ministry said in a statement. Rail loading has strengthened correspondingly, averaging over 465 rakes per day in October, with the 470-rake target achieved on three consecutive days, the Ministry said in a statement. Supplies through other modes, including road, have also improved. The ministry further said that "some recent media reports flag growing risk of Power shortages in India as coal inventories at power plants fall to low levels" and, in this context, it clarifies that the "critica
State-owned NMDC will start the commercial production of thermal coal by October-December period and looks to sell around 1 MT of the dry fuel within FY27, said Amitava Mukherjee, Chairman of India's largest iron ore mining player. Under the Ministry of Steel, Hyderabad-based NMDC alone caters to the country's 20 per cent need of iron ore -- a key raw material needed to produce steel. In an interview to PTI, Mukherjee said the company has drawn a road map up to 2030 to diversify its mining operations to support the government's vision of Viksit Bharat. "Right now, we are 99.9 per cent an iron ore company. We aim to help the growing industries in the country with maximum of their mineral needs," the chairman said, adding that this year the company will begin the commercial mining of thermal coal and targets to sell a maximum of 1 MT of the commodity to potential buyers. "We have reached the coal seam (of Tokisud North coal mine), and the production will start by next quarter," the .
The recent policy reforms in India's coal sector have streamlined captive and commercial operations by reducing the operationalisation timelines for fully and partially explored blocks, Coal Secretary Vikram Dev Dutt has said. Aided by the government's policy reforms, the operationalisation timelines for fully explored coal blocks have been reduced by 11 months and partially explored blocks by 14 months, Dutt said. Cutting operationalisation timelines drastically reduces regulatory and administrative gestation periods, enabling faster mine development and quicker commercial production. Speaking during a meeting of Consultative Committee attached to the Ministry of Coal on Wednesday, Dutt said that continuous reforms introduced in the coal sector have reduced the operationalisation timeline for fully explored blocks from 51 months to 40 months and partially explored blocks from 66 months to 52 months. Captive and commercial mines have played an important role in achieving 1 billion