Diabytes
Coal imports News
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The coal sector accounts for about 50 per cent of freight revenue for Indian Railways and provides direct employment to nearly 4.78 lakh individuals, said the ministry.
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Coking coal import in March 2024 was 5.34 MT against 3.96 MT a year ago.
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Raj CM accused the Centre of pressuring states to buy imported coal at high prices
The CM warned that the state may have a burden of Rs 1,736 crore if it purchases the imported coal
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Coal imports are likley to decline this month as well due to note ban and soaring oil prices in international market. The imports have already dropped by 16 per cent to 14 million tonnes (MT) in November.
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Coal imports during July declined by 11.1 percent to 18.03 million tonnes (MT) on the back of higher domestic availability of the fossil fuel.
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India`s coal imports inched up 1.7 percent in February, the first rise in eight months, Coal Secretary Anil Swarup told Reuters on Monday, but suggested it may have been a temporary increase based on deals signed earlier
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In September the import of dry fuel dropped by 27.16 per cent to 12.6 MT on rise in domestic production.
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Government said on Monday that coal imports have declined by 5 percent to 14.52 million tonnes (MT) in October over the year-ago period.
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Coal imports declined by 11 percent to 19.30 million tonnes (MT) in July 2015 compared to the same month of previous year as higher availability of domestic fuel led power generation firms to defer imports.
These 12 major ports had handled 19.62 MT and 8.10 MT of thermal and coking coal, respectively, in the first quarter of the previous fiscal.
Coal Secretary Anil Swarup estimated imports of 200 million tonnes for 2014/15 and 160 million tonnes for the 2015/16 fiscal year.
A slew of steps like removal of regulatory hurdles are underway to enhance India's coal output in a bid to curb rising imports that may touch 265 MT in FY'17, Coal Minister Piyush Goyal said today.
The surging trend of coal imports in recent times snapped in January as shipments fell by 20 percent over the previous month due to lower demand from domestic steel makers, as per mjunction data.
India's coal imports surged 19 percent last year to 210.55 million tonnes (MT) on demand from power sector, but the ongoing coal industry strike is unlikely to cause a further spurt, according to online marketplace mjunction.
Driven largely by an increase in coal imports by fuel-starved power stations, India's dry-fuel imports rose 18.47 percent to 110.15 million tonnes (MT) in April-September period of the current fiscal.
Coal imports have increased by about 19 percent to 16 million tonnes in September over the year-ago period as power plants are facing severe fuel crunch.
More than half of India`s power plants had only enough coal to run uninterrupted for less than a week as of Sept. 29 due to lower output from state-owned Coal India - the worst stock level since a crippling blackout in 2012.
Several coal consumers who previously expressed interest in receiving imported coal from Coal India have gradually pulled out, sources said.
Coal feeds more than half India`s power generation and its share is growing despite a local shortage of the fuel.
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