India's coal imports decreased by 18.6 percent to 116.81 MT during months April-October.
New Delhi (Natural Energy News): Based on monitoring the status of the ships and data received from shipping companies, India imported 143.63 MT of coal during the same period 2019-20.
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Mjunction - a joint venture between Tata Steel and SAIL - is a Business to Business e-commerce corporation and also releases research papers on coal and steel sectors.
However, the country's coal imports rose to 21.50 MT in October this year, compared to 18.28 MT in the same month of the previous financial year.
Out of the total imports in October 2020, non-coking coal was 14.46 MT. In October 2019, imports stood at 13.57 MT. Coking coal imports stood at 4.92 MT in October 2020, compared to 2.79 MT imported in the same month of the previous financial year.
In the April-October period of this year, non-coking coal imports stood at 77.67 MT, compared to 98.73 MT in the same period a year ago.
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Coking coal imports were recorded at 23.89 MT during April-October, down from 28.63 MT during the same period a year ago.
Increased demand during the winter season during the festive season increased volumes. Also, prices in international markets were expected to rise due to short-term supply constraints. Overall, there was a significant drop in imports. During the year compared to the previous fiscal year, ”said Vinay Verma, MD and CEO, mjunction services.
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