+
India's Coal Imports Surge 40.56% in July
COAL & MINING

India's Coal Imports Surge 40.56% in July

India's coal imports increased by 40.56% to 25.23 million tonnes (MT) in July, up from 17.95 MT in the same month last year, according to data from mjunction services. For the April-July period, total imports reached 100.48 MT, compared to 89.11 MT in the previous fiscal.

Market Dynamics:

Non-Coking Coal Demand: Imports of non-coking coal rose significantly, accounting for 16.52 MT in July, up from 10.16 MT last year. This trend is attributed to falling prices in the seaborne market. Coking Coal Volumes: Coking coal imports slightly declined to 4.81 MT from 5.03 MT in July of the previous fiscal year, reflecting weaker demand from steel mills. Production Trends:

India’s coal production in July increased by 6.36% year-on-year to 74 MT, with total production for the April-July period rising by 9.6% to 321.39 MT. Despite the rise in imports, Coal and Mines Minister G Kishan Reddy emphasized the need for increased domestic production to reduce reliance on imports. As demand is expected to remain strong ahead of the festive season, analysts predict continued buoyancy in import activity.

India's coal imports increased by 40.56% to 25.23 million tonnes (MT) in July, up from 17.95 MT in the same month last year, according to data from mjunction services. For the April-July period, total imports reached 100.48 MT, compared to 89.11 MT in the previous fiscal. Market Dynamics: Non-Coking Coal Demand: Imports of non-coking coal rose significantly, accounting for 16.52 MT in July, up from 10.16 MT last year. This trend is attributed to falling prices in the seaborne market. Coking Coal Volumes: Coking coal imports slightly declined to 4.81 MT from 5.03 MT in July of the previous fiscal year, reflecting weaker demand from steel mills. Production Trends: India’s coal production in July increased by 6.36% year-on-year to 74 MT, with total production for the April-July period rising by 9.6% to 321.39 MT. Despite the rise in imports, Coal and Mines Minister G Kishan Reddy emphasized the need for increased domestic production to reduce reliance on imports. As demand is expected to remain strong ahead of the festive season, analysts predict continued buoyancy in import activity.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Annette Gregg Named WTCA’s First Female CEO

World Trade Centers Association (WTCA) has appointed Annette Gregg as Chief Executive Officer, making her the first woman to lead the organisation in its 57-year history.Gregg assumed the role from October 5 and will lead WTCA from its recently established global headquarters at One World Trade Center in New York City. The association connects more than 300 World Trade Center locations across nearly 100 countries and territories.As CEO, Gregg will provide strategic leadership to WTCA and its global staff, working with the Board of Directors and members to advance business priorities, strengthe..

Next Story
Resources

Isprava Appoints Sanjay Sethi as Strategic Advisor

Isprava Group has appointed Dr Sanjay Sethi as Strategic Advisor to the business, with a focus on Lohono Stays and Isprava Hospitality.Sethi brings more than 37 years of experience across hospitality operations, development, ownership, strategic growth and capital markets. He will work closely with the Group on strategy, growth and the development of its hospitality business.The appointment comes as Isprava Group expands its integrated ecosystem spanning luxury homes, hospitality, private membership and end-to-end homeowner services.Nibhrant Shah, Managing Director & Co-CEO, Isprava Group, sai..

Next Story
Infrastructure Energy

SunBridge BioEnergy Starts Ethanol Production in Seoni

SunBridge BioEnergy, the bioenergy arm of SunBridge Group, has commenced commercial production at its grain-based fuel-grade ethanol manufacturing facility in Seoni, Madhya Pradesh. The Seoni plant has a production capacity of 300 kilolitres per day and a storage capacity of 11,000 kilolitres. Spread across approximately 117,560 sq m, the facility marks SunBridge BioEnergy’s entry into commercial ethanol production. The company is also expanding its ethanol portfolio with a 400 KLD facility in Raipur, Chhattisgarh, which is expected to become operational soon. Once commissioned, SunBridge ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code