The move can put pressure on the global prices of coal as the utilities rush to avoid a repeat of the electricity crisis in April
Several states are reeling under power shortages with the situation being further affected by extra-ordinary heatwave setting in quite early this year
The move by India, the world's second largest coal importer, could lead to a further increase in global prices, which are already trading near record highs
European and Asian coal importers are expected to join the scramble for alternative sources of the fuel as a European Union ban on Russian coal imports looms, analysts and company officials said
Russia accounted for 11% of Japan's total coal imports in 2021, according to the government data
India's top electricity producer NTPC Ltd's coal imports this financial year will be highest in 8 years despite near-record prices, as it looks to address domestic shortage, 2 senior officials said
It is more dependent on Russian oil, however. And while Poland produces a lot of its own coal, it also relies on imports
The steelmaker used to buy 10-15 per cent of its coal requirements from Russia for use in pulverised coal injection, Tata Steel Managing Director said
Russia could start offering more competitive prices to Chinese and Indian buyers as European and other customers spurn Russia because of sanctions, traders said
The price of coal in the global market touched a record high of $400 per tonne last week, due to the Russia-Ukraine war
Unreliable domestic dispatches prompt customers to either pay more for imports or stop operations
India's coal import registered a decline of 2.7 per cent in August this year amid the power plants grappling with fuel shortages
For the first time in decades, supply was lower than consumption for four straight years till 2020
China has already called for an increase in imports and ramping up domestic production of coal, a key fuel used for the majority of its power generation.
Cities such as Shenyang and Dalian - home to more than 13 million people - have been affected, with disruption at factories owned by suppliers to global companies like Apple and Tesla
CHENNAI (Reuters) -India has urged utilities to import coal despite having the world's fourth-largest reserves, with several power plants on the verge of running out of fuel due to a surge in power demand.
Of total imports in September, non-coking coal's shipment was 11.97 MT as against 11.81 MT in the year-ago period
Coal volumes at the 12 major ports declined for the sixth straight month in September 2020, as per the Indian Ports Association (IPA)
During April-July 2020, total coal imports were recorded at 57.27 MT, which is 35.76 per cent lower than 89.15 MT imported during April-July 2019
Impacted by the Covid-19 pandemic, coking coal imports too witnessed a decline of 28.49 per cent to 10.69 MT in the quarter