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'Coal import in June qtr rises 4% to 58 MT'


PTI Last Updated at 12 Aug 2018, 13:08 IST India

New Delhi, Aug 12 (PTI) India imported 57.99 million tonnes (MT) of coal in April-June, registering an increase of 4.1 percent from the same quarter of 2017-18.

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.

"Coal import (all types of coal) in June 2018 stood at 18.75 MT (provisional), lower than 20.98 MT (revised) in May 2018," it said.

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.

Coal import has fallen from 217.7 MT in 2014-15 to 190.9 MT in 2016-17, he had said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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