Monday, 6 December, 2021

India’s coal import drops in Aug

NEW DELHI: India’s coal import registered a decline of 2.7 per cent to 15.22 million tonnes (MT) in August this year amid the country’s power plants grappling with fuel shortages.

The country imported 15.64 MT of coal in the corresponding month last year, report agencies.

According to data compiled by mjunction services, “Imports in August 2021 stood at around 15.22 million tonnes...imports in August 2021 were also down by 2.7 percent over August 2020.”

mjunction CEO and MD Vinaya Varma attributed the decline in volumes to the steady increase in seaborne coal prices coupled with the initiatives taken by the domestic miners for import substitution.

However, he said, there is a spurt in demand from the power sector. “What impact it will have on imports, given the volatility in international prices, is to be seen,” he added. Of the total import during August 2021, non-coking coal was at 9.08 MT, against 10.33 MT imported during August last year. Coking coal imports were at 4.37 MT, up against 3.17 MT imported during August 2020.