Coal imports fall 27% to 12.6 mt in September

India's coal imports slumped 27% to 12.6 million tonnes (mt) in September from a year earlier as local output jumped, Coal Secretary Anil Swarup said.

Shares of Coal India Ltd are currently trading at Rs. 337.55, down by 0.27% on BSE.

India's coal imports slumped 27% to 12.6 million tonnes (mt) in September from a year earlier as local output jumped, Coal Secretary Anil Swarup said.

"With unprecedented increase in coal production by Coal India Ltd, import of coal comes down for third successive month," Swarup said via micro-blogging site Tweeter.

With an aim to double the coal production in the country by 2020, India is opening a mine a month.