Coal import_ProjectsMonitorIt is not just crude oil import bill which is straining our balance of payments position but coal import bill too is catching up to add to the growing list of worries of our Finance Minister. For just concluded financial year, India’s coal import bill has crossed whopping Rs.81,000 crore. Remember ten years ago our coal import bill was just Rs.5,000 crore, thus, imports have gone up by more than 16 times (in value terms) in ten years. However, in terms of volume, growth is less sharp with imports going up by just 6 times during last ten years. So our import bill of coal is going up mainly because of hardening of coal price in international market and also due to rupee depreciation. Recent sharp depreciation in rupee may further push up our import bill of coal during the current fiscal. However, general slowdown in the economy may help to contain the volume growth at a reasonable level, thereby giving some breathing space to the government.

Coal import during last ten years
Year
Coking Coal (MT)
Non-coking Coal (MT)
Total (MT)
Value in crore rupees
2003-04
12.992
8.691
21.683
5,008.7
2004-05
16.925
12.025
28.950
10,266.0
2005-06
16.891
21.695
38.586
14,909.5
2006-07
17.877
25.204
43.081
16,688.6
2007-08
22.029
27.765
49.794
20,738.4
2008-09
21.080
37.923
59.003
41,340.8
2009-10
24.690
48.565
73.255
39,180.0
2010-11
19.484
49.434
68.918
41,549.6
2011-12
31.801
71.052
102.853
78,837.6
2012-13
NA
NA
137.559
81,012.8

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