+
India’s Russian coal imports in March may be highest in over 2 years
COAL & MINING

India’s Russian coal imports in March may be highest in over 2 years

India's Russian coal imports in March could be the highest in more than two years, as Indian buyers continue buying the fuel from a market that is now increasingly isolated by sanctions.

Russia might offer more competitive prices to the Indian and Chinese buyers since the European and various customers spurn Russia due to sanctions.

According to data from consultancy Kpler, vessels carrying at least 1.06 million tonnes of coking coal and thermal coal will deliver the fuel in Indian ports which will be used for electricity generation next month, which is the highest since January 2020.

Russia, which is the sixth-largest supplier of India's coking and thermal coal, can start offering even more competitive prices to Chinese as well as Indian buyers since European and several other customers spurn Russia due to sanctions, the traders said. Additionally, they said that the trade can also be boosted by a trading arrangement of rouble-rupee.

Approximately 8,70,000 tonnes of Russian coal is already delivered or expected to be delivered to the Indian shores by March 20, which according to Indian consultancy Coalmint is the highest since April 2020.

The number could have been higher if more coal had been loaded at Russian ports from mid-February since it typically takes around a month for the vessels to deliver to India.

Indian buyers are now in a backseat in the SWIFT ban as well as sanctions on Russia. They are currently looking out for alternatives from the US and Australia.

Image Source

Also read: India's coal imports likely to grow in 2022: Fitch Ratings report

India's Russian coal imports in March could be the highest in more than two years, as Indian buyers continue buying the fuel from a market that is now increasingly isolated by sanctions. Russia might offer more competitive prices to the Indian and Chinese buyers since the European and various customers spurn Russia due to sanctions. According to data from consultancy Kpler, vessels carrying at least 1.06 million tonnes of coking coal and thermal coal will deliver the fuel in Indian ports which will be used for electricity generation next month, which is the highest since January 2020. Russia, which is the sixth-largest supplier of India's coking and thermal coal, can start offering even more competitive prices to Chinese as well as Indian buyers since European and several other customers spurn Russia due to sanctions, the traders said. Additionally, they said that the trade can also be boosted by a trading arrangement of rouble-rupee. Approximately 8,70,000 tonnes of Russian coal is already delivered or expected to be delivered to the Indian shores by March 20, which according to Indian consultancy Coalmint is the highest since April 2020. The number could have been higher if more coal had been loaded at Russian ports from mid-February since it typically takes around a month for the vessels to deliver to India. Indian buyers are now in a backseat in the SWIFT ban as well as sanctions on Russia. They are currently looking out for alternatives from the US and Australia. Image Source Also read: India's coal imports likely to grow in 2022: Fitch Ratings report

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?