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30 Oct 2020

Indian Coal Imports Recover in September 2020

30 Oct 2020  by Coal News   

Mjunction’s latest data showed that India's coal import rose 11.6 per cent to 19.04 million tonnes in September 2020 as compared to 17.06 million tonnes in September 2019. Of total imports in September, non-coking coal's shipment was 11.97 million tonne as against 11.81 million tonne in the year-ago period and coking coal import increased to 4.58 million tonne as compared to 3.54 million tonne in September last fiscal. mjunction Managing Director and Chief Executive Officer Mr Vinaya Varma said "The steady recovery in consumption by thermal power plants and other industries coupled with competitive prices in the international markets led to a resurgence of demand for imports ahead of the festive season. The outlook for imports remains uncertain as it depends on the sustainability of operations and growth in consuming sectors in the coming months.”

Iin the first six months of the ongoing fiscal, India's coal import dropped to 95.30 million tonne from 125.35 million tonne in the same period a year ago.

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