+
Coal imports in India rose by 13% to 26 MT in April
COAL & MINING

Coal imports in India rose by 13% to 26 MT in April

In April 2024, India's coal imports increased by 13.2% to 26.10 million metric tonnes (MT) as purchasers took up new positions in anticipation of an early summer. The nation imported 23.05 MT of coal around the same time last year, citing data gathered by B2B e-commerce business Mjunction Services Ltd. This is in response to comments made by G. Kishan Reddy, the minister of coal and mines, who suggested that India produce more coal domestically and import less of it. According to the data, India's coal and coke imports in April 2024 through major and non-major ports increased by 13.2% compared to April 2023. It was reported that non-coking coal imports in April amounted to 17.40 MT, up from 15.15 MT in the same month of the previous year. Additionally, coking coal imports totaled 4.97 MT, compared to 4.77 MT previously. Vinaya Varma, MD and CEO of Mjunction, noted that there had been an increase in volumes. He remarked that, looking forward, there might be sustained demand from both the power and non-regulated sectors due to pre-monsoon restocking. The data indicated that coal imports in April showed an 8.93% rise compared to March, when imports were recorded at 23.96 MT. In FY24, India's coal imports saw a 7.7% increase to 268.24 MT, driven by lower seaborne prices and expectations of heightened power demand during the summer. It was highlighted that the country's coal import volume was 249.06 MT in FY23.

In April 2024, India's coal imports increased by 13.2% to 26.10 million metric tonnes (MT) as purchasers took up new positions in anticipation of an early summer. The nation imported 23.05 MT of coal around the same time last year, citing data gathered by B2B e-commerce business Mjunction Services Ltd. This is in response to comments made by G. Kishan Reddy, the minister of coal and mines, who suggested that India produce more coal domestically and import less of it. According to the data, India's coal and coke imports in April 2024 through major and non-major ports increased by 13.2% compared to April 2023. It was reported that non-coking coal imports in April amounted to 17.40 MT, up from 15.15 MT in the same month of the previous year. Additionally, coking coal imports totaled 4.97 MT, compared to 4.77 MT previously. Vinaya Varma, MD and CEO of Mjunction, noted that there had been an increase in volumes. He remarked that, looking forward, there might be sustained demand from both the power and non-regulated sectors due to pre-monsoon restocking. The data indicated that coal imports in April showed an 8.93% rise compared to March, when imports were recorded at 23.96 MT. In FY24, India's coal imports saw a 7.7% increase to 268.24 MT, driven by lower seaborne prices and expectations of heightened power demand during the summer. It was highlighted that the country's coal import volume was 249.06 MT in FY23.

Next Story
Infrastructure Urban

APCRDA Approves Rs 9.04 Bn to Upgrade Infrastructure in 29 Amaravati Villages

The Andhra Pradesh Capital Region Development Authority (APCRDA), chaired by Chief Minister N Chandrababu Naidu, has approved Rs 9.04 billion for addressing key infrastructure gaps in 29 villages within Amaravati’s greenfield capital area, announced Municipal Administration Minister P. Narayana at the 51st CRDA meeting.The funds will be used to upgrade critical facilities including roads, drains, drinking water supply, sewerage systems, and street lighting. A detailed assessment revealed a 30 per cent shortfall in water supply, a total absence of sewerage infrastructure, a 40 per cent defici..

Next Story
Infrastructure Transport

Cabinet Approves Phase-1B of Lucknow Metro Rail Project Worth Rs 58.01 Bn

The Union Cabinet, led by Prime Minister Narendra Modi, has approved Phase-1B of the Lucknow Metro Rail Project in Uttar Pradesh. This phase covers an 11.165 km corridor with 12 stations—7 underground and 5 elevated—extending the city’s metro network to 34 km upon completion.Phase-1B targets the dense, historic parts of Lucknow, enhancing connectivity across key commercial, healthcare, tourist, and culinary hubs. Important areas served include Aminabad, Yahiyaganj, Pandeyganj, Chowk, King George’s Medical University, and landmarks like Bara Imambara and Rumi Darwaza.This expansion prom..

Next Story
Infrastructure Transport

Major Upgrades Planned for Tamil Nadu’s National Waterways

Tamil Nadu is poised for significant infrastructure upgrades across its National Waterways (NWs), with a focus on developing jetties, cargo hubs, and cruise tourism circuits, according to the Ministry of Ports, Shipping and Waterways. These projects aim to promote sustainable inland water transport and boost regional economic activity.Key projects include the development of Buckingham Canal (part of NW-4), with jetties planned at the following locations:Mahabalipuram to Ediyur BridgeCooum River near Marina BeachPulicat LakeEnnore Port to ETPS, specifically for cargo operationsOther National Wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?