India to start coal export by 2025-26: Coal

Minister Joshi

New Delhi (PTI): Asserting that India has adequate coal reserves, Union Coal Minister Pralhad Joshi on Wednesday said the country will start exporting the dry fuel by 2025-26.

be expected in the way it is communicated at the next review on April 6. The RBI will shift the stance to “neutral” in June review.

Bhattacharya said there is anecdotal evidence pointing to signs of slowdown in growth, which makes him peg the FY24 real GDP growth estimate at 6%, much below the RBI's own estimate of 6.4%.

He said the evidence in- cludes working capital cycles getting elongated, nonbank lenders not being able to pass on rate hikes to their borrowers for fear of losing business, low-cost automobile sales getting impacted largely because of higher compliance costs pushing up prices of end goods, and, low and midlevel housing projects witnessing sluggish sales and enquiries.

From a net importer of coal, India is moving towards becoming a net exporter of non-coking coal, Joshi said. The minister also assured of an uninterrupted supply of coal in the approaching summer season — when the peak demand is expected to be 229 GW during April.

Domestic demand for coal is estimated to reach 1,087 million tonnes in the ongoing financial year. The industry meets some parts of its requirements through imports.

India's cumulative total estimated coal reserve as of April 1, 2022, was 3.61 lakh million tonnes (MT).

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