Cargo handling at major ports grew 2.8% in FY19, but it grew just 1.4% in FY20 till February end
India had imported 213.63 MT of coal in the year-ago period, according to the report by mjunction services
Imports of coking and other coal recorded a rise of 1.10 per cent at 47.08 MT during the period
The government is creating a coal price index as part of its plans to open the coal sector to outside investment and end state-run Coal India's control over prices.
Coal is among the top 5 commodities imported by India, one of the world's largest consumers of coal, and the rise in imports of the fuel after 2 consecutive years of decline adds to its trade deficit
Coal imports in November this year also increased 10.1 per cent to 19.47 MT, over 17.68 MT in the corresponding month of the last fiscal
The increase in coal and coke imports in July is mainly due to a 12.9 per cent growth (month-on-month) in non-coking coal shipments
The domestic supply of coking coal is expected to be tepid despite a CAGR projection of 9.5 per cent in the comparable period
Higher coal prices and a weaker rupee forced them to cut generation
The ministry of coal has not yet released data on the total imports by India for 2017-18
Train shortage in India left about 10 power stations without spare coal supplies, 45 other plants with stockpiles that are less than seven days of consumption
Coal India accounts for over 80% of the domestic coal production
In 2015-16, coal imports stood at 203.95 mt, showed official data
India is the third-largest producer of coal after China and the US
Govt is planning to cut coal imports for power PSUs to zero in the ongoing financial year
The coal ministry has been striving to cut down on the country's coal imports and its related import bill. The coal consuming sectors, however, have shifted to imported petcoke usage, adding up to the country's import bill on the petroleum side.According to data available with the Petroleum Planning and Analysis Cell (PPAC), the country imported 39.8% more of petcoke in the last financial year. This has also made petcoke the largest contributor to the total petroleum products that the country imported in that period."Import of Petroleum, Oil and Lubricants (POL) products increased by 17.0% during March 2017 as compared to March 2016 mainly due to increase in import of LPG. Import of POL products increased by 21.7% during April 2016 - March 2017 as compared to the same period of the previous year (2015-16) with imports of Liquefied petroleum Gas (LPG) and petcoke accounting for 95.0% of total increase of 6.4MMT," according to PPAC.The rise in import of petcoke is largely attributed to .
Demand for coal in India is not rising as per expectation, newly-appointed CEO of mjunction services Vinaya Varma said
On back of firmness in international coal prices since beginning of June and higher availability of domestic coal