GET Stock QuotesNews18 APP
News18 English
»
1-min read

India's Coal Import Declines 9% to 17.32 Million Tonnes in April

"Coal import (all types of coal) in April 2018 stood at 17.32 MT (provisional), about 9 per cent lower than 19.08 MT recorded for April 2017," mjunction services, a joint venture between Tata Steel and SAIL said in a statement.

PTI

Updated:May 27, 2018, 10:13 AM IST
facebookTwittergoogleskypewhatsapp
India's Coal Import Declines 9% to 17.32 Million Tonnes in April
Image for representation.
New Delhi: India's coal import fell by 9 per cent to 17.32 million tonnes (MT) in April on the back of ample supply of dry fuel from domestic sources.

"Coal import (all types of coal) in April 2018 stood at 17.32 MT (provisional), about 9 per cent lower than 19.08 MT recorded for April 2017," mjunction services, a joint venture between Tata Steel and SAIL, said in a statement.

Import demand from thermal power plants remained low due to ample supply from domestic sources, mjunction CEO Vinaya Varma said while commenting on the coal import trend.

"In the met coal market, buyers were tentative in view of the high volatility in prices. Also, pet coke demand was low as the users have been switching to US coal to avoid pollution issues," Varma said.

Of the 17.32 MT dry fuel imported, the import of non-coking coal was 12.3 MT, followed by coking coal at 3.5 MT, among others.

The lower volume of coal and coke imports in April could be attributed to a fall in non-coking coal and pet coke imports during the month under review.

Also, met coal imports remained flat on a yearly basis, and subdued compared to the previous month, mjunction services said.

World Coal Association Chief Executive Benjamin Sporton had earlier told PTI that in FY'19 India will see rise in coal imports.

"And essentially the main reason why India will see increase in imports would be increase in demand of coal from the power generation...increase in imports is because its needed," a global coal trade association had said.

The government had this month decided to augment coal supplies to centre/state power plants and independent power producers (IPPs) from May 19 to June 30 to overcome shortage of the dry fuel and check power crisis.

The decision was taken in a joint meeting of power, coal and railways ministries on May 17, 2018.

Also Watch

| Edited by: Huma Tabassum
Read full article
Most Active
Company Price Change %Gain
Reliance 1,031.95 +12.70 +1.25
ICICI Bank 297.95 +4.75 +1.62
HDFC Bank 2,057.60 +1.45 +0.07
HDFC 1,858.90 +11.90 +0.64
TCS 1,819.35 -3.10 -0.17
Company Price Change %Gain
Adani Ports 366.85 +0.85 +0.23
Zee Entertain 563.80 +2.90 +0.52
Infibeam Incorp 154.70 -0.60 -0.39
Reliance 1,032.35 +12.40 +1.22
Vardhman Text 1,212.00 +6.90 +0.57
Top Gainers
Company Price Change %Gain
IOC 170.25 +4.85 +2.93
BPCL 421.95 +11.25 +2.74
HPCL 315.20 +7.30 +2.37
ICICI Bank 297.95 +4.75 +1.62
Reliance 1,031.95 +12.70 +1.25
Company Price Change %Gain
ICICI Bank 297.55 +4.30 +1.47
Reliance 1,032.35 +12.40 +1.22
HDFC 1,853.00 +6.45 +0.35
Tata Motors 306.55 +0.95 +0.31
Infosys 1,246.35 +3.00 +0.24
Top Losers
Company Price Change %Gain
M&M 883.60 -20.80 -2.30
Titan Company 868.40 -19.95 -2.25
Dr Reddys Labs 2,316.40 -51.35 -2.17
Bharti Infratel 279.60 -5.70 -2.00
ONGC 159.70 -3.05 -1.87
Company Price Change %Gain
M&M 883.60 -19.05 -2.11
ONGC 159.70 -3.10 -1.90
Power Grid Corp 195.85 -3.75 -1.88
Sun Pharma 554.60 -9.40 -1.67
SBI 268.70 -4.55 -1.67