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India's coal imports value up by 38pct in FY18

Coal News - Published on Fri, 14 Dec 2018

Image Source: Moneycontrol
Money Control reported that India's coal imports rose by 38.2 percent to INR 1,38,477 crore in monetary terms last fiscal, Parliament was informed. In quantity terms, the coal imports increased by 9.1 percent to 208.27 million tonnes from 190.95 MT. "The value of India's coal imports have risen by 38.2 percent to INR 1,38,477 crore in 2017-18. However, the quantity of coal imports has increased only by 9.1 percent from 190.95 MT to 208.27 MT," Coal and Railways Minister Mr Piyush Goyal said in a written reply to the Lok Sabha. He said upsurge in value of coal imports is primarily due to rise in international price leading to greater value increase as compared to absolute quantity increase in 2017-18.

Mr Goyal said that "India is deficient in coking coal and as such imports of coking coal are inevitable. In 2017-18 the value of imported coking coal grew by 44 percent, from INR 41,230.06 crore to INR 59,522.63 crore."

The minister said many thermal power stations are configured to use imported coal and as such imports by these are inevitable. During April-October 2018, these power plants have imported 22.27 MT of coal.

Source :

Posted By : Rabi Wangkhem on Fri, 14 Dec 2018
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