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
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?