'Coal import in June qtr rises 4% to 58 MT'
Coal import in the year-ago period stood at 55.69 MT, as per the latest data from junction services, an online procurement, and sales entity jointly floated by state-owned SAIL and Tata Steel.
"Overall, coal and coke imports during the first 3 months (April-June) of 2018-19 stood at 57.99 MT, about 4.1 percent higher than 55.69 MT recorded for the same period last year," it said.
Steam coal import was up 3.6 percent at 39.98 MT as compared to the same quarter of the previous year.
Import in June declined mainly due to a slump in coking and non-coking coal shipments.
junction CEO Vinaya Varma said:"Even as the power plants continued to face coal shortage, the multi-year-high prices in spot steam coal market restricted import volumes. The numbers may go up in the coming months if there is a correction in prices, going forward."
Coal minister Piyush Goyal recently in a reply to a question in Rajya Sabha said during 2017-18, coal imports increased to 208.27 MT due to rise in demand from consuming sectors.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)