Coal Imports Seen Easing After November Surge

07 Jan 2026 CW Team

India’s coal imports, which rose sharply by 28.1 per cent in November, are expected to decline in the coming months as domestic availability improves, according to industry data.

Coal imports increased to 25.07 million tonnes in November, compared with 19.57 million tonnes in the same month last year, data compiled by mjunction services ltd showed. The platform is a joint venture between SAIL and Tata Steel.

According to mjunction, the increase was largely driven by winter restocking by steel producers, along with fresh buying triggered by weak seaborne coal prices. However, imports are expected to moderate in the coming months as domestic supplies improve.

Of the total coal imported in November, non-coking coal accounted for 14.28 million tonnes, up from 12.32 million tonnes a year earlier. Coking coal imports stood at 6.51 million tonnes, compared with 4.25 million tonnes in the same month of the previous financial year.

Coal imports during the April–November period of the current financial year also rose to 186.16 million tonnes, compared with 182.02 million tonnes in the corresponding period last year.

Despite government efforts to boost domestic output and reduce import dependence, production by Coal India Ltd declined by 3.7 per cent to 453.5 million tonnes during April–November of the current financial year. The company had produced 471 million tonnes in the same period last year.

Coal India, which contributes more than 80 per cent of India’s domestic coal output, has set a production target of 875 million tonnes and an offtake target of 900 million tonnes for the 2025–26 financial year. In 2024–25, the miner produced 781.1 million tonnes, nearly 7 per cent below its target of 838 million tonnes.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..