Major ports post muted growth as coal volumes slide 4% in Apr-Aug period

In corresponding period of FY19, coal cargo had risen by 11%; Overall throughput growth ports at 1.9%

The shadow of economic slowdown loomed over coal cargo movement through major ports. Between April and August, the cargo throughput growth at major ports was muted at 1.9 per cent as coal volumes slid four per cent year-on-year.

In the corresponding period of FY19, coal cargo had risen by 11 per cent. Apart from decline in coal shipments compared with last year, some fall was also observed in fertiliser and liquid cargo.

K Ravichandran, senior vice president and Group Head - Corporate Ratings, ICRA said, “The decline in imports is despite the fact that Coal India Ltd’s dispatches have also fallen by