NEW DELHI: India’s coal imports increased by 9.3 per cent to
126.91 million tonnes (MT) in the first six months of the ongoing
fiscal, industry data showed. The Country had imported 116.04 MT of coal
in
April-September period of FY 2018-19, according to a provisional
compilation by mjunction services, based on monitoring of vessels’
positions and data received from shipping companies.
mjunction — a joint venture between Tata Steel and SAIL —
is a B2B e-commerce company which also publishes research reports on coal and steel verticals.
“On a progressive basis (April-September ’19) (provisional), total coal
and coke imports were recorded at 126.91 MT, which is 9.36 percent
higher than 116.04 MT imported for the same period (April-September ’18)
last year,” it said.
Commenting on the coal import trend, mjunction MD and CEO Vinaya Varma
said, “Although domestic coal production has seen a negative growth in
recent months, the late monsoon has affected demand from the power and
other consuming sectors, leading to slackness in import demand for
thermal coal.”
India’s coal and coke imports in September 2019 through the Major and
Non-Major Ports are estimated to have decreased by 2.71 per cent over
August 2019. Imports in September 2019 stood at 18.62 MT (provisional)
as compared to 19.14 MT (revised) imported in August 2019.
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