Top News

|  Cochin Port to commemorate arrival of 1st vessel  |    |  CONCOR to start train service from ICD Agra to Mundra Port  |    |  Korea seaport cargo up 6.6% in April  |    |  CMA CGM launches 2nd loop between India, Mideast &Africa  |    |  Chhattisgarh CM gives nod for Raipur-Vizag highway  |    |  DHL adds another China-Europe rail link  |    |  Jet Airways announces special fares on select domestic routes  |    |  ESL gets Panamax ship of 74,005 DWT  |    |  Allcargo Q4 net slips marginally  |    |  Tata Motors consolidated net profit drops 17%  |    |  CMA CGM rate hikes June 1 on Asian container bound for North Africa  |    |  Yang Ming charters 2 vessels to boost service  |    |  Pacific International Lines to develop integrated logistics park in China  |    |  GMR Hyderabad airport to see INR 2,500 cr capacity expansion  |    |  IndiGo to launch daily non-stop flight between Singapore and Bengaluru  |    |  Railway Minister to launch free wi-fi facility at 28 stations in Konkan  |    |  Asia-Europe rate falls 3.9% to USD924 TEU, drops 8.5% to USWC  |    |  Highway projects worth INR 5 lakh crore planned in 2 yrs  |    |  Rail cargo traffic expands for fourth month  |    |  MPT bags two performance awards  |   
You are here: Home » National News » Supply Chain» Coal imports fell by 25% to 14.31 MT in Dec

Coal imports fell by 25% to 14.31 MT in Dec

18 January 2017 | New Delhi
 

transreproter

Coal imports fell by 25% to 14.31 million tonnes (mt) in December, due to higher availability of domestic fuel.

The Country had imported 19.15 mt of coal in December 2015.

“Coal import (all type of coals) in December 2016 stood at 14.31 mt (provisional) against 19.15 mt in December 2015,” mjunction, an online procurement and sales platform floated jointly by State-run SAIL and Tata Steel said.

The coal import in November, 2016 was at 12.51 mt. “Year-on-year imports were lower because public sector power generation companies have virtually stopped buying imported coal as they are getting almost sufficient supplies of domestic coal,” mjunction CEO Vinaya Varma said.

Further, Varma said, there was sharp increase in non-coking coal imports in December as compared to November last year as non-power sector consumers started stocking up the material in the aftermath of softness in international prices towards end of November. Expressing concern over import of coal despite being surplus in the dry fuel, Coal and Power Minister Piyush Goyal had earlier said that Coal India has set a target to replace about 15 mt of imported coal with indigenous fuel in the next few months.

Helped by a record coal production by the World’s largest coal miner Coal India, India reduced its import bill of the dry fuel by more than INR 28,000 crore in the last fiscal.

   
Transreproter Logo