Bloomberg
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July 22, 2025 at 12:00 AM
India Probing 40 Coal Importers for Over-Valuing Cargoes
India is investigating 40 coal importers for suspected over-invoicing of Indonesian cargoes, Coal Minister G. Kishan Reddy said Monday.
The government’s Department of Revenue Intelligence, or DRI, is conducting the probe, Reddy told lawmakers in a written reply, without elaborating.
The move puts a fresh spotlight on the possible mislabeling of coal shipments, in which quality and price are overestimated on arrival. The longstanding issue has brought both private and state-run companies under scrutiny.
India imported 243.6 million tons of coal in the year through March 2025, according to Reddy, a decrease from a record 264.5 million tons in the previous year.
— With assistance from Shruti Mahajan
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