India's coal imports decline by 12% in April-August 2021
COAL & MINING

India's coal imports decline by 12% in April-August 2021

Total coal imports in India have dropped by 12% year-on-year (YoY) to 94.15 million tonnes (mt) during April-August 2021 due to reduced imports of non-coking coal.

The Ministry of Coal said that it had caused financial savings in the country as coal prices are sharply increasing in the international market.

According to a statement, following reduced imports of non-coking coal in 2021, the total imports of coal has reduced to 94.15 mt from April to August, compared to 107.01 mt in 2019-20.

The imports of non-coking coal of all varieties have reduced by 16.09% to 70.85 mt in April-August of FY22, over the same period in FY 2019-22.

India has imported 84.44 mt of different varieties of non-coking coal during the same period in FY 2019-20.

During the first five months of FY 2021-22, imports of all varieties of non-coking coal had reduced to 70.85 mt, compared to 84.44 mt in the same period in FY 2019-20, witnessing a decline of about 16.09%.

In FY 2021-22, the imports of low calorific value non-coking coal dropped by 47% to 15.24 mt from 28.69 mt during the same period in FY 2019-20.

India has been importing coal to fill the gap between the requirement and domestic production of coal. Its dependence on imports for coking coal is mostly used in the steel industry, now predominantly due to limited coal production.

However, the total domestic dispatch of coal has increased by 9.44% to 317.69 mt in FY22, compared to 290.28 mt in the last fiscal year. This growth was achieved despite unprecedented rain in several mining zones. The government and Coal India Limited (CIL) are continuing their efforts to increase the domestic production of coal.

Image Source

Also read: Centre enables 50% sale of coal from captive mines

Total coal imports in India have dropped by 12% year-on-year (YoY) to 94.15 million tonnes (mt) during April-August 2021 due to reduced imports of non-coking coal. The Ministry of Coal said that it had caused financial savings in the country as coal prices are sharply increasing in the international market. According to a statement, following reduced imports of non-coking coal in 2021, the total imports of coal has reduced to 94.15 mt from April to August, compared to 107.01 mt in 2019-20. The imports of non-coking coal of all varieties have reduced by 16.09% to 70.85 mt in April-August of FY22, over the same period in FY 2019-22. India has imported 84.44 mt of different varieties of non-coking coal during the same period in FY 2019-20. During the first five months of FY 2021-22, imports of all varieties of non-coking coal had reduced to 70.85 mt, compared to 84.44 mt in the same period in FY 2019-20, witnessing a decline of about 16.09%. In FY 2021-22, the imports of low calorific value non-coking coal dropped by 47% to 15.24 mt from 28.69 mt during the same period in FY 2019-20. India has been importing coal to fill the gap between the requirement and domestic production of coal. Its dependence on imports for coking coal is mostly used in the steel industry, now predominantly due to limited coal production. However, the total domestic dispatch of coal has increased by 9.44% to 317.69 mt in FY22, compared to 290.28 mt in the last fiscal year. This growth was achieved despite unprecedented rain in several mining zones. The government and Coal India Limited (CIL) are continuing their efforts to increase the domestic production of coal. Image Source Also read: Centre enables 50% sale of coal from captive mines

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Achieves Sales Value of Rs 400 Bn

On National MSME Day, Vedanta, India’s leading critical minerals, transition metals, energy and technology conglomerate announced that its non-ferrous metals e-store has achieved a staggering Rs 400 billion in total sales value. Operated under the name of Vedanta Metal Bazaar, it is the world’s largest non-ferrous metals e-store offering more than 1200 stock keeping units (SKUs) across metals such as aluminium, zinc, lead and copper. The platform brings ease-of-doing business for customers on their fingertips by providing a streamlined, digital-first solution that enables businesses to pro..

Next Story
Infrastructure Urban

Syensqo Unveils Orange Grades for Key EV Components

Syensqo, a leader in advanced materials and specialty chemicals, proudly announces the launch of its latest innovation, Amodel® PPA HFFR-4133 Orange (OR).This high-performance flame retardant polypthalamide (PPA), distinguished by its stable and vibrant orange color, aligns with the industry's growing emphasis on safety and visibility for critical electric vehicle components, such as connectors and busbars.In the rapidly evolving e-mobility sector, the use of orange-colored connectors has become a crucial safety standard, offering immediate visual identification of live high-voltage component..

Next Story
Infrastructure Urban

Tata Steel Deploys EVs for Customer Deliveries at Sahibabad Plant

Tata Steel, a pioneer in sustainable industrial practices, has taken another significant step forward in its green mobility journey by deploying Tata Motors manufactured electric vehicles (EVs) for customer deliveries from its Sahibabad plant, located in Ghaziabad district of Uttar Pradesh. This marks the first-ever use of Tata Motors made EVs for outbound logistics from a Tata Steel plant location.This initiative is in partnership with M/s AVG Logistics, who will operate Tata Motors-manufactured electric vehicles for deliveries to key customers. This initiative not only reinforces Tata Steelâ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?