India can reduce $2 billion import of coking coal per annum: Niti Aayog

Integrated Steel Plants imported 58 million tonnes of coking coal at a cost of approximately Rs. 1.5 lakh crore in FY24 despite holding proven geological resources of 21.

63 billion tonnes of prime and medium coking coal, finds Niti Aayog. If the government takes required action to enhance domestic production, the coking coal import bill will be reduced by $2 billion per annum based on a landing price of $300 per tonne for imported prime coking coal, it said..