India’s Mines Minister has assured that proactive measures are being taken to ensure coal prices remain stable despite global energy market volatility. The government is focusing on coal gasification, domestic supply optimization, and policy safeguards to protect industries and consumers.
India’s coal sector is under close watch as global energy prices fluctuate due to geopolitical tensions. Mines Minister G. Kishan Reddy emphasized that steps have been taken to prevent coal prices from rising, reinforcing India’s energy security strategy.
Policy Measures To Stabilize Prices
The Ministry of Coal is implementing strategies to balance domestic demand and supply. By accelerating coal gasification projects and encouraging cleaner fuel alternatives, the government aims to reduce import dependence and shield industries from price shocks.
Coal Gasification Mission
Under the National Coal Gasification Mission, India targets 100 million tonnes of coal gasification by 2030. Incentives worth ₹8,500 crore have been announced to support investments in cleaner fuels, chemicals, and hydrogen production. This initiative is expected to diversify coal usage and stabilize long-term pricing.
Key Highlights
Mines Minister G. Kishan Reddy confirmed steps to prevent coal price hikes
Focus on coal gasification to strengthen energy security
Target of 100 million tonnes gasification by 2030
₹8,500 crore incentives to attract investments
Reduced import dependence to protect industries and consumers
Sources: The Hindu BusinessLine, The Economic Times