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India’s coal import rises 5pct in Apr-Jan - mjunction

Coal News - Published on Tue, 19 Feb 2019

Image Source: The Pioneer
PTI reported that coal imports increased by 5.1 per cent to 189.9 million tonnes in the April-January period of the ongoing fiscal. Coal imports were at 180.61 in the April-January period of the previous fiscal, the report by mjunction services showed. mjunction, a joint venture between Tata Steel and SAIL, is a B2B e-commerce company that also publishes research reports on coal and steel verticals. But January month saw a decline in coal import to 17.25 MT from 19.59 MT in the same month of the previous fiscal.

mjunction MD and CEO Mr Vinaya Varma explained “There was modest demand for coking and non-coking coal from Indian buyers during the month. The marginal decline in hot metal production and volatile coking coal prices in January prompted buyers to keep a tab on imports.”

Mr Varma said that in non-coking coal, the coal stock scenario at thermal power plants showed a steady improvement and this helped to curb volumes. Of the total imports during January 2019, non-coking coal shipments were 12.35 MT and coking coal at 3.53 MT.

Coal Minister Mr Piyush Goyal had earlier urged state-run Coal India to pledge self-sufficiency in production to eliminate import of the dry fuel.

Source :

Posted By : Rabi Wangkhem on Tue, 19 Feb 2019
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