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India's thermal coal imports rise 2% Y/Y in April-July, govt information states

India imported 2% more thermal coal in AprilJuly from a year previously to increase its power generation, the federal coal ministry said in a statement on Wednesday.

General coal imports, consisting of coking coal generally utilized by steel producers, rose 0.9% from a year ago to 90.51 million metric loads during the very first four months of this fiscal year that started in April, said the declaration.

India's thermal power generation in April-July rose by 11.1%. from a year ago to 483.82 billion systems.

Intake by imported coal-based power plants throughout the. period increased by about 75% to 17.69 million tons, the coal. ministry said.

India has the world's fifth biggest coal reserves however its. regional production lags need as thermal power is utilized for over. half of India's 448 gigawatt installed capacity.

The nation's coal production during April-July rose 9.6%. from a year ago to 321.40 million heaps.

India will raise its coal-fired power generation till 2035. to satisfy the country's growing need, federal power minister. Manohar Lal Khattar said earlier today.

(source: Reuters)