India’s coal import may drop 11% to 186 MT in FY23

India’s coal import is likely to decline by 11.4 per cent to 186 million tonnes (MT) in the current financial year, even as the state-owned firm has issued import tenders to source the dry fuel from overseas. Coal India Ltd, which accounts for over 80 per cent of domestic coal output, last week issued tenders to import coal in a bid to build up the stock of fossil fuel at the indigenous power plants, as mandated by the government.