India's coal import bill drops ₹28k cr in FY16
India reduced its coal import bill for 2015-16 by ₹28,070 crore, helped by record production by Coal India Limited (CIL), Coal Secretary Anil Swarup tweeted on Wednesday. During the fiscal, CIL’s coal production grew 8.5% year-on-year to 536 million tonnes (MT), against a target of 550 MT, which led to a reduction in import by 34.26 MT.