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Coal Import
India's coal import dropped by 8.4 per cent to 183.42 million tonnes in the April-December period of the current fiscal, resulting in foreign exchange savings of around Rs 42,315 crore. The country's coal import was 200.19 MT in the corresponding period of the previous fiscal. "Coal imports...during April to December 2024 fell by 8.4 per cent, totalling 183.42 million tonnes (MT), compared to 200.19 MT in the same period of the previous fiscal year. This reduction resulted in foreign exchange savings of approximately USD 5.43 billion (Rs 42,315 crore)," the coal ministry said in a statement. The non-regulated sector, excluding the power sector, experienced a more significant decline, with imports dropping by 12.01 per cent year-on-year. Although coal-based power generation grew by 3.53 per cent from April to December 2024 over the previous year, imports for blending by thermal power plants decreased by 29.8 per cent. The government has implemented several initiatives, including ..
India's coal imports remained flat at 201.30 million tonnes (MT) in the April-December period of the ongoing financial year. The country's coal import was 201.52 MT in the year-ago period, according to the data compiled by mjunction services, a leading name in the e-auction space. Coal import in December declined to 19.28 MT over 23.35 MT in the corresponding month of the previous fiscal year. "Imports in December 2024 stood around 19.28 million tonnes as against 23.35 MT imported in December 2023," it said. During April-December 2024, non-coking coal imports were at 128.85 MT, lower than 133.46 MT imported during the same period in the previous year. Coking coal imports were at 40.64 MT during April-December 2024, down from 42.81 MT reported for April-December 2023. "The high stock position in the domestic market, coupled with lower-than-expected demand, has led to a drop in import volumes. We expect the demand scenario to remain unchanged in the coming weeks," mjunction MD & CEO
The government on Thursday said coal-based power generation rose 3.87 per cent in the April-October period of the current fiscal year. "...there was a significant growth of 3.87 per cent in coal-based power generation from April 2024 to October 2024 compared to the same period last year," the coal ministry said in a statement. The ministry further said the imports for blending purposes by thermal power plants dropped 19.5 per cent during the same period. This decline emphasises the country's commitment to achieve self-sufficiency in coal production and reducing reliance on imports. "Increase in coal import for power sector is attributed to the import of coal by imported coal-based power plants (designed to utilise imported coal only) i.e. 30.04 MT during this period, up from 21.71 MT, reaching a growth of 38.4 per cent in the corresponding timeframe last year," it said. Coal imports during April-October period of the current fiscal year dropped 3.1 per cent to 149.39 million tonne
The country's coal import rose by 4.2 per cent to 162.45 million tonnes (MT) in the April-October period of the current financial year compared to 155.87 MT in the year-ago period. Coal imports in October dropped by 14.4 per cent to 21.84 MT compared to 25.54 MT in the corresponding month of the previous fiscal, according to data compiled by mjunction services, a B2B e-commerce platform. Of the total imports in October, non-coking coal imports stood at 13.49 MT against 18.82 MT imported in October last fiscal. Coking coal imports stood at 4.45 MT, against 4.31 MT imported in October last financial year. In September, non-coking coal imports were 13.24 MT and coking coal at 3.39 MT. "There was a modest increase (month-on-month) in non-coking coal volumes in October as buyers took fresh positions during the festive month, and ahead of the winter season. Going forward, demand is likely to be moderate due to the anticipated growth in domestic supply during the fourth quarter (Q4)," ...
Coal import by non-regulated sectors (NRS) dropped 9.83 per cent to 63.28 million tonnes (MT) in the April-September period of the ongoing financial year, the government on Wednesday said. The coal import by NRS was 70.18 MT in year-ago period. The coal import by domestic thermal power plants for blending purpose also declined 8.59 per cent to 9.79 MT in the April-September period from 10.71 MT a year ago. "This demonstrates an increased reliance on domestic coal supplies for these sectors," the coal ministry said in a statement. However, there has been a rise in the import of coking coal, essential for the steel industry, and coal for imported coal-based (ICB) power plants, which are not substitutable by domestic coal. The overall coal imports during April-September 2024 rose 1.36 per cent to 129.52 million tonnes (MT) compared to 127.78 MT in the corresponding period of the previous year. In terms of value, overall imported coal during April-September stands at Rs 1,38,763.50 c
India's coal import rose by 5.7 per cent to 75.26 million tonnes (MT) in the first quarter of the current fiscal compared to 71.16 MT of coal in the same period of the previous fiscal. Coal imports in June were also higher by 6.59 per cent at 22.97 MT compared to 21.55 MT in the same month of the previous fiscal, according to data compiled by mjunction services ltd, a B2B e-commerce platform from a joint venture between Tata Steel and SAIL. mjunction MD and CEO Vinaya Varma said that given the surplus coal available in the system and the slowdown in industrial activity during monsoon, import demand is likely to remain subdued in the coming month. Of the total imports in June 2024, non-coking coal imports stood at 14.19 MT, higher than 13.29 MT imported in June last year. Coking coal imports were at 5.45 MT, against 5.33 MT imported in June 2023. During April-June 2024, non-coking coal imports were at 49.12 MT, higher than 46.53 MT imported during the same period last year. Coking c
Imports of metallurgical coal from Russia have spurted around three-fold in the last three years to around 15.1 million tonnes in 2023-24 mainly due to lower prices while the same from Australia have declined, according to a research firm. Russia's share in India's metallurgical coal imports of 73.2 million tonnes (MT) has risen to around 21 per cent from around 8 per cent in 2021-22, research firm Big Mint said in a statement. The import of metallurgical coal, which includes coking coal and pulverised coal injection (PCI), from Russia, stood at 5.1 MT, accounting for 8 per cent of India's total imports of 65.6 MT of the commodity in 2021-22. Metallurgical coal imports from Russia rose to 11.3 MT in 2022-23, accounting for 16 per cent of 69.9 MT met coal imports in that year. In 2023-24, met coal imports from Russia were 15.1 MT or 21 per cent of total met coal imports of 73.2 MT. Australia, a major supplier of met coal to India, saw a decline in the commodity's exports to India. ..
The country registered a marginal rise of 1.65 per cent in coal imports to 212.24 Million Tonnes (MT) in the April-January period of the ongoing fiscal, over the year-ago period. India's coal import was 208.78 MT in the corresponding period of the previous fiscal, according to data compiled by mjunction services ltd. mjunction services ltd is a B2B e-commerce platform. During the April-January period of the current fiscal, the volume of non-coking coal imports was 136.47 MT, slightly lower than 136.90 MT imported during the same period last financial year, according to the data. Coking coal import was at 47.32 MT during the April-January 2023-24, higher than 46.09 MT recorded in the April-January period of FY23. The coal import in January through the major and non-major ports also increased to 19.81 MT, over 16.97 MT in the corresponding month of the previous fiscal. Of the total imports in January, non-coking coal import was at 12.10 MT, against 10.01 MT imported in January last
The coal ministry is geared up to fulfill the 874 million tonnes coal demand for the power sector in financial year 2024-25, Union Minister Pralhad Joshi said on Wednesday. For the financial year ending March 31, the Power Ministry had placed a requirement of 821 million tonnes, Joshi told PTI on the sidelines of the release of 'PM Gati Shakti National Master Plan in Coal Sector' booklet. Their (power ministry's) demand has been met. They had asked for 821 million tonnes and it has been supplied, the Minister said. "For FY25, the power ministry has asked for 874 million tonnes of coal. We will fulfill this requirement also. We are going to cross 1 billion tonne coal production by this March," he said. The share of imported coal for blending purposes has gone down this fiscal compared to last financial year, Joshi said. In FY24, coal import for blending was around 22.20 million tonnes, while it was at 30.80 million tonnes in the financial year 2022-23, he said. Savings to the tune
India produced 880.72 million tonne (MT) of coal in April-February this fiscal and is now just 119.28 MT away from its 1 billion tonne coal production target for FY24. In 2022-23, India's total coal output was 893 million tonnes (MT). For the ongoing 2023-24 fiscal, the government has a target to produce 1 billion tonne (BT) of coal. The cumulative coal production in April-February 2024 grew over 12 per cent to 880.72 MT (provisional) compared to 785.39 MT during the same period of FY23, the Ministry of Coal said in a statement on Tuesday. The country's coal produced rose 12 per cent to 96.60 million tonne (MT) in February against 86.38 MT a year ago. In February, the production of state-owned giant Coal India Ltd (CIL) rose 8 per cent to 74.76 MT (provisional) from 68.78 MT in February 2023, the ministry said. The cumulative coal dispatch up to February 2024 increased over 11 per cent to 882.44 MT compared to 794.41 MT in the year-ago period. The coal dispatch grew 13.63 per cen
The import of coal for blending purposes dropped 36.69 per cent to 19.36 Million Tonnes (MT) in the April-January period of the current fiscal, an official statement said on Monday. The country's coal import for blending was 30.58 MT in the corresponding period of the previous financial year. "Despite the surging power demand, coal import for blending witnessed a significant decrease of 36.69 per cent... This exemplifies the nation's steadfast commitment to achieving self-reliance in coal production and minimising overall coal imports," the coal ministry said in a statement. The country's power generation grew 6.6 per cent in the April-January period over the year-ago period, the statement said. Coal remains the predominant source and contributes over 70 per cent to the total power generation. Coal-based power generation has been important in meeting the rising energy demands. Currently, the country is experiencing a substantial rise in power requirements on account of industrial
Country's coal import has registered a drop of five per cent at 125.21 million tonnes (MT) in the April-September period of the ongoing financial year, Parliament was informed on Wednesday. Replying to a question in the Lok Sabha, coal and power minister Pralhad Joshi said that, had the production through auction, commercial coal auction not started, then as per compound annual growth rate (CAGR) there would have been a need to import 150 million tonnes (MT) of coal, but the country has actually imported only 125.21 MT of coal during the April-September period of 2023-24. "In the current year 2023-24, coal import up to the month of September 2023, was 125.21 MT, which is a decline of 5 per cent over the corresponding period last year," the minister said. The government has taken several measures to substitute coal imports. There is a thrust on enhancement of domestic coal production which is key to achieve self-reliance and reduce dependence on imported coal. In 2022-23, coal ...