Anil Agarwal Update: Despite being the country with the fourth largest coal reserves in the world, India has to import coal from abroad to meet its consumption. Vedanta Chairman Anil Agarwal is deeply hurt by this. Expressing his displeasure on the social media platform, he said, whenever I read the news related to the increase in India’s coal import, I become very sad. Anil Agarwal has demanded an immediate ban on coal imports.
Coal imports increased by 5.7% in the April-June quarter
Recently, it was reported that India’s coal imports have increased in the first quarter of the financial year 2024-25. In the April-June quarter of the current financial year, India’s coal imports have increased by 5.7 percent to 75.26 million tonnes, which was 71.16 million tonnes in the same quarter of the previous financial year 2023-24. In the month of June of the current financial year, there has been a jump of 6.59 percent in coal imports.
It makes me very sad whenever I read the news about a rise in India’s coal imports. Actually, we should have no imports at all. We have the 4th largest reserves of coal in the world.
We should auction more coal mines and move to self-certification. Speed is key.
According to… pic.twitter.com/7OaeLbLJkX
— Anil Agarwal (@AnilAgarwal_Ved) August 14, 2024
India should not import coal
Anil Agarwal, who himself is the head of the giant mining-metals company Vedanta, is upset with this news of increase in coal imports. Anil Agarwal wrote on the social media platform X, I am very sad to read the news of increase in India’s coal imports. He said, in reality we should not import coal at all. We have the fourth largest reserve of coal in the world. He advocated auctioning of more and more coal mines and emphasized on moving towards self-certification. He said, speed will be the most important thing in all this.
coal import should be stopped
Anil Agarwal wrote in his post, according to estimates, it will take us many more years to move completely towards Energy Transition. Till then coal is going to play the most important role in our energy consumption. Anil Agarwal said, coal import should be stopped. He said, this will help us to move ahead in global competition. Emphasizing on increasing the domestic production of coal, Anil Agarwal said that this will create more and more jobs as well as help in increasing opportunities for the youth.
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