4/18/2016

India to stop thermal coal imports

India plans to completely stop thermal coal imports in 2-3 years that would result in annual savings of Rs.40,000 crore. “I have no hesitation in saying that Indian companies used to import a lot of thermal coal. We want to completely stop the import of thermal coal in the next two to three years. We have already reduced imports by Rs.28,000 crore. We will save Rs.40,000 crore,” Union minister Piyush Goyal on Friday said.