Feb coal imports inch up for first time in 8 months : Official

India lacks good quality resources of steelmaking coal and imports from countries such as Australia and South Africa

Bs_logoCoal mining
Reuters New Delhi
Last Updated : Mar 07 2016 | 7:30 PM IST

India's coal imports inched up 1.7% 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.

Imports rose to 16.79 million tonnes from 16.51 million a year ago, ending a downward trend that began in July and lasted until January.

"This is just a marginal increase," Swarup said. "It could be on account of a booking made earlier by an importer."

State behemoth Coal India has been boosting output at a record pace though consumption has grown slower-than-expected, forcing the company to scale down activity in some mines.

India does not have enough good quality resources of steelmaking coal and that grade is imported from countries such as Australia and South Africa.

Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

70% off

Smart Essential

₹810

1 Year

₹67/Month

70% off

Super Saver

₹1,170

2 Years

₹48/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories

  • Over 30 subscriber-only stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 07 2016 | 7:27 PM IST