India’s coal imports declined 12% during April-January: mjunction report

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Coal imports in January were 7.4 percent higher. Non-coking coal accounted for 1.27 million tonnes and coking coal accounted for 56.2 lakh tonnes of the total coal imports in January.

New Delhi. The country’s coal imports fell by 11.59 per cent to 18.08 million tonnes in the first ten months (April-January) of the current financial year. This information has been obtained from the provisional data of Mjunction Services, a joint venture of Tata Steel and SAIL. It is a B2B e-commerce company. It also publishes research reports on coal and steel sectors.

Coal imports exceeded 20 million tonnes in January
In the first 10 months of the last financial year, the country’s coal imports stood at 20.5 million tonnes. However, India’s coal imports increased to over 20 million tonnes in January, from 18.8 million tonnes in the same month a year ago.

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Vinay Verma, managing director and chief executive officer of mjunction, said, “The volume of imports in January has been less than December. This has happened due to the increase in prices. Although there is a steady demand in the market, the trend of imports depends on the international market prices, the transportation rates and the domestic supply. ”

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Coal imports up 7.4 percent in January
Coal imports in January were 7.4 percent higher. Non-coking coal accounted for 1.27 million tonnes and coking coal accounted for 56.2 lakh tonnes of the total coal imports in January. In the current financial year, non-coking coal imports during April-January declined to 11.98 million tonnes, compared to 14.06 million tonnes in the same period of the previous financial year. During this period, imports of coking coal were 3.91 million tonnes, compared to 4.11 million tonnes in the same period of the previous financial year.



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