Coal Imports Increase by 6% to 75.26 MT for April-June
COAL & MINING

Coal Imports Increase by 6% to 75.26 MT for April-June

India's coal imports increased by 5.7 per cent to 75.26 million tonne (MT) in the first quarter of the current fiscal year, up from 71.16 MT during the same period of the previous fiscal year. In June, coal imports also saw a rise of 6.59 per cent, reaching 22.97 MT compared to 21.55 MT in June of the previous fiscal year. This data was compiled by mjunction services, a B2B e-commerce platform formed through a joint venture between Tata Steel and SAIL.

Vinaya Varma, MD and CEO of mjunction, noted that due to the surplus coal available and the slowdown in industrial activity during the monsoon season, the demand for imports is expected to remain subdued in the coming months.

In June 2024, non-coking coal imports amounted to 14.19 MT, surpassing the 13.29 MT imported in June of the previous year. Coking coal imports were 5.45 MT, compared to 5.33 MT imported in June 2023.

From April to June 2024, non-coking coal imports totalled 49.12 MT, an increase from 46.53 MT imported in the same period the previous year. Coking coal imports for the same period stood at 15.45 MT, up from 15.20 MT recorded during April-June 2023.

For the fiscal year 2024 (FY24), India's coal imports rose by 7.7 per cent to 268.24 million tonnes, driven by the softness in seaborne prices and the anticipated rise in power demand during the summer. The country's coal imports were 249.06 MT in FY23.

Coal Minister G Kishan Reddy had previously stated that India should focus on increasing domestic fossil fuel production and reducing coal imports. Domestic coal production rose by 11.71 per cent to 997.828 MT in 2023-24, compared to 893.191 MT in 2022-23.

India's coal imports increased by 5.7 per cent to 75.26 million tonne (MT) in the first quarter of the current fiscal year, up from 71.16 MT during the same period of the previous fiscal year. In June, coal imports also saw a rise of 6.59 per cent, reaching 22.97 MT compared to 21.55 MT in June of the previous fiscal year. This data was compiled by mjunction services, a B2B e-commerce platform formed through a joint venture between Tata Steel and SAIL. Vinaya Varma, MD and CEO of mjunction, noted that due to the surplus coal available and the slowdown in industrial activity during the monsoon season, the demand for imports is expected to remain subdued in the coming months. In June 2024, non-coking coal imports amounted to 14.19 MT, surpassing the 13.29 MT imported in June of the previous year. Coking coal imports were 5.45 MT, compared to 5.33 MT imported in June 2023. From April to June 2024, non-coking coal imports totalled 49.12 MT, an increase from 46.53 MT imported in the same period the previous year. Coking coal imports for the same period stood at 15.45 MT, up from 15.20 MT recorded during April-June 2023. For the fiscal year 2024 (FY24), India's coal imports rose by 7.7 per cent to 268.24 million tonnes, driven by the softness in seaborne prices and the anticipated rise in power demand during the summer. The country's coal imports were 249.06 MT in FY23. Coal Minister G Kishan Reddy had previously stated that India should focus on increasing domestic fossil fuel production and reducing coal imports. Domestic coal production rose by 11.71 per cent to 997.828 MT in 2023-24, compared to 893.191 MT in 2022-23.

Next Story
Infrastructure Transport

Titagarh Rail Systems Launches Third Diving Support Craft for Indian Navy

Titagarh Rail Systems (TRSL) marked another milestone in its shipbuilding journey with the launch of the third indigenously built Diving Support Craft (DSC) for the Indian Navy. The vessel is part of a series of five DSCs being constructed by TRSL under the Ministry of Defence’s Make in India initiative.The launch ceremony was graced by Kangana Berry, wife of Vice Admiral Suraj Berry, AVSM, NM, VSM, Commander-in-Chief, who performed the traditional naming and launch. The vessel was side-launched into the Hooghly River at 16:10 hrs.Diving Support Crafts are catamaran-type vessels designed wit..

Next Story
Infrastructure Transport

Concord Control Systems Secures First Kavach 4.0 Order via Progota India

Concord Control Systems (CNCRD), a leading manufacturer of embedded electronic systems and critical electronic solutions, has secured its first order for Kavach 4.0 through associate company Progota India. Valued at Rs 190.45 million, the order represents the start of large-scale implementation opportunities for advanced railway safety systems in India.With this milestone, Concord will become one of the few railway companies to have a fully developed Kavach system approved for supply to Indian Railways. The next-generation Kavach has successfully advanced through the stringent approval journey..

Next Story
Infrastructure Urban

Awfis Delivers 67,000 sq ft Innovation Hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the country’s first publicly listed workspace solutions platform, has added eBay to its growing list of prestigious global capability centre (GCC) clients. Awfis has designed, built, and will manage a ~67,000 sq ft innovation hub for eBay at Embassy Tech Village, Bengaluru, supporting the e-commerce leader’s AI-first commerce strategy.The new centre will function as a strategic hub, advancing artificial intelligence, engineering, product development, and applied research, while further strengthening eBay’s growth in..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?