Page 2 - India Coal Import

Govt to increase coal-fired capacity in 2024 by 14 GW: Power Ministry

The south Asian nation failed to achieve a target to add 175 GW of renewable power capacity by 2022. The planned coal-fired capacity increase in 2024 will exceed its 2023 renewables increase of 13 GW

Metallurgical coal manufacturer body flags import of cheap met coke

Association of producers and suppliers of metallurgical coal on Monday expressed concerns over the "influx of met coke at prices below the domestic cost of production" and sought the government's intervention to resolve the issue. Metallurgical coal is a grade of coal that can be used to produce good-quality coke. The prevailing import rate for metallurgical coke in India is USD 395 per tonne, while the production cost for domestic met coke manufacturers is around USD 460 per tonne. This significant pricing gap has led to an influx of over 3.6 million tonnes of inexpensive met coke imports during 2022-23, posing a substantial challenge to India's merchant met coke sector, The Indian Metallurgical Coke Manufacturers' Association (IMCOM) said. "To maintain a sustainable ecosystem in the met coke industry, we suggest that the Indian government impose quantitative restrictions on overseas met coke imports. Such restrictions across various countries could potentially curtail total impor

India's coal imports up 11.7% to 21 MT in Nov, demand likely to be subdued

The country registered an 11.7 per cent rise in coal imports to 20.95 Million Tonnes (MT) in November as compared to the year-ago period. The country's coal imports in November 2022 was 18.75 MT, according to data compiled by B2B e-commerce company mjunction services. However, coal import in the April-November period of the current financial year dropped to 169.08 MT from 173.47 MT in the year-ago period. There was reduction in coal imports due to ample domestic supply and a slowdown in demand after the festive season in October, mjunction MD and CEO Vinaya Varma said. The demand for imported coal, he said, is likely to remain subdued in the coming months. Of the total import in November 2023, non-coking coal import was at 14.37 MT, against 11.88 MT in the same month the previous year. Coking coal import was at 4.23 MT, against 3.90 MT imported in November 2022. During the April-November period in 2023, non-coking coal import stood at 108.90 MT, lower than 116.28 MT imported dur

India's coal imports drop over 4 pc to 148 million in Apr-Oct period

India's coal imports dropped 4.2 per cent to 148.13 Million Tonnes (MT) in the April-October period of the ongoing financial year. The country's coal imports were 154.72 MT in the corresponding period of the previous fiscal. During the April-October period, non-coking coal imports were 94.53 MT, lower than 104.41 MT imported during the same period last year, according to the data of mjunction services ltd, a B2B e-commerce company. Coking coal imports were at 33.74 MT during the first seven months of the ongoing financial year, slightly up against 32.74 MT in the year-ago period. Imports in October stood at roughly 23.59 MT as against 19.04 MT in October last fiscal, as per the data. Of the total imports in October, inbound shipments of non-coking coal stood at 16.88 MT, against 11.69 MT imported in October last year. Coking coal imports stood at 4.31 MT, against 4.69 MT imported in October last financial year. "There was an increase in volumes as the buyers took fresh positions

Coal import drops 5% in Apr-Sep period to 125.21 MT: Govt in Parliament

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 ...

COP28: India refrained from signing on global renewable energy pledge

India refrained from signing the pledge to triple global renewable energy capacity by 2030 as the draft text mentioned phasing out coal, which New Delhi doesn't support, according to sources in the Indian delegation. India and China both on Saturday refrained from signing the pledge at the COP28 climate summit to triple the world's renewable energy capacity by 2030 even though New Delhi already committed to it as part of its G20 presidency. During the UN's climate talks here, 118 countries committed to tripling the global renewable energy capacity by 2030 in a highly endorsed initiative. A source in the Indian delegation said that India refrained from signing the pledge as the draft text mentioned phasing out/down coal, which New Delhi doesn't support. India has been asking countries to agree to phase down all fossil fuels rather than a narrower deal to phase down coal. The source said that India has already delivered a deal on the tripling of renewable energy capacity at the G20

India's coal import surged 4% in September to 20.61 million tonnes

India's coal import increased by 4.3 per cent to 20.61 million tonnes (MT) in September compared to that of the corresponding month of previous fiscal. The country had imported 19.75 MT of coal in September last fiscal, according to data compiled by B2B e-commerce firm mjunction services limited. Of the total imports in September, non-coking coal imports stood at 13.89 MT, against 12.08 MT imported in September last financial year. Coking coal imports dropped to 4.59 MT from 4.88 MT imported in September FY23. However, the coal import in the April-September period of the current financial year declined to 124.53 MT from 135.68 MT in the year-ago period. During April-September period of FY24, non-coking coal import was at 77.65 MT, lower than 92.72 MT imported during the same period last financial year. Coking coal import was at 29.44 MT during April-September 2023-24, up against 28.05 MT recorded in the corresponding period last financial year. Commenting on the coal import tren

AIPEF demands withdrawal of ministry's order extending coal import deadline

The All India Power Engineers Federation (AIPEF) on Thursday demanded withdrawal of the power ministry's order extending coal imports till June 30, 2024, saying there is no shortage of the dry fuel in the country. In an October 23 notification, the government asked imported coal-based power plants to operate at full capacity until June 30, 2024, amid a surge in electricity demand and inadequate domestic coal supplies. Earlier, the directive was extended till October 31, 2023. The government in March this year issued the first directive under Section 11 of the Electricity Act to ISB (imported-coal based) plants. AIPEF Chairman Shailendra Dubey demanded that the power ministry's directive be withdrawn and the more economic indigenous coal be utilized instead as there is no shortage of indigenous coal. The body said if at all any coal is to be imported, the ministry should bear the extra cost of that coal since the more economic alternative of Indian coal was already available in stoc

Coal inventories in India drop at fastest pace in 2 years, boosting imports

While India's power demand typically peaks during May, unusually dry weather and an uptick in economic activity has boosted consumption this month

Coal imports down 12% in Aug to 18.26 mn amid rise in domestic availability

India's coal imports declined 12.08 per cent to 18.26 million tonnes (MT) in August this year over the corresponding month of the previous fiscal. The country's import of fossil fuel stood at 20.77 MT in August last year. Overall coal imports during April to August also declined by 10.3 per cent to 103.93 MT, over 115.93 MT in the year-ago period, according to data compiled by mjunction services ltd. mjunction services ltd is a leading B2B e-commerce firm. Of the total imports in August, non-coking coal import was at 10.52 MT as against 13.85 MT a year ago. Coking coal import was at 4.62 MT, same as the volume reported in August of FY23. "There is a substantial drop in non-coking coal import (till August 2023) to the tune of around 20 MT. This has resulted from the increased domestic availability, which has gone up by around 10 per cent. We expect this trend to continue unless there is a sudden spurt in demand and significant softening in seaborne prices," mjunction MD & CEO ...

India extends coal import mandate to power plants to avoid blackouts

The decision comes amid surging electricity demand, partly a result of deficient rainfall that's forcing farmers to run irrigation pumps to water their fields, Agarwal said

Expensive coal imports, logistics may result in higher electricity bills

An unnamed senior executive said that expensive imports combined with increased transportation costs may lead to an increase of 40 paise per kilowatt hour (kWh)

India to boost coal imports to cope with harsh weather, freight snags

India's record domestic output of coal has eased tight inventories at power plants, to an average 12 days' supply at the end of 2022

India's thermal coal imports up nearly 15% in 2022, says Coalmint

Indian imports of petcoke, mostly used by cement plants, doubled to 9.77 million tonnes in 2022 as they were cheaper compared with coal, whose prices hit record highs following Russia's invasion

India imports 131.92 MT coal worth Rs 2.3 trillion in Apr-Sep this year

India imported 131.92 million tonne of coal worth Rs 2.3 lakh crore in April-September period of ongoing financial year. In FY22, the country's coal import of 208.93 million tonne (MT) was worth Rs 2,28,741.8 crore, Coal Minister Pralhad Joshi said in a reply to the Rajya Sabha. The coal import was 215.25 MT in FY21, 248.54 MT ( FY20), 235.35 MT (FY19) and 208.25 MT (FY18), the minister said. Import of coal in India consists mainly of coking coal and high grade coal, whose prices are normally higher than thermal coal. The average landed price per tonne of imported coal up to September of current financial year was Rs 19,324.79 while the average notified price per tonne (ex-colliery) of domestic coal was Rs 2,662.97 in the same period. India imports coking coal and other high gross calorific value (GCV) coal as domestic production is limited due to either scarce reserves or non-availability. Imported coal based (ICB) power plants in the coastal region import coal as they are so .

India's Nov thermal coal imports at 10 month-low as local output soars

Imports fell mainly due to higher production by state-run Coal India, which accounts for 80% of India's coal output

Coal import by power sector rose to 39 MT in Apr-Oct FY23: Centre to LS

Import of coal by the power sector has increased in ongoing financial year and the sector imported 38.84 million tonne (MT) of the dry fuel in April-October period, Parliament was informed on Wednesday. "...import of coal by the power sector increased during current financial year of 2022-23. As against the total import of 27 MT by power sector in entire year of 2021-22, the import of coal by power sector in first 7 months increased to 38.84 MT," Coal Minister Pralhad Joshi said in a written reply to Lok Sabha. However, much of the rise in import has gone to feed domestic coal-based plants, and the restoration of power generation by imported coal-based plants to its potential level has remained slow. As per the current import policy, coal is kept under open general licence and consumers are free to import coal from the source of their choice as per their contractual prices on payment of applicable duty. The Centre does not interfere in this matter. However, the power ministry had

Coal import to be stopped by 2024, says Pralhad Joshi

Coal minister Pralhad Joshi on Thursday said that the import of dry fuel which has declined considerably will be stopped by 2024. Speaking at an event at the office of the Comptroller & Auditor General of India here to release a 'Compendium of Asset Accounts on Mineral and Energy Resources', the minister said commercial coal mine auction which was institutionalised by the present government has made the auctioning process totally transparent. Joshi also complemented CAG's office for bringing out the first ever compendium of asset account on mineral assets of the country. The minister said that the report presents comprehensive picture of the mineral resources spread across different states in the country. He said that the compendium will help in further strengthening sustainable mining process which is of great importance for ecology and future generation. Collating the information of the state asset accounts, the government accounting standards advisory board has prepared the ...

India's Russian thermal coal imports set to fall for first time in 4 months

Indian consultancy Coalmint expects September thermal coal imports from Russia to decline 30% from August to 1.4 million tonnes

India narrows thermal coal imports gap with top buyer China as demand rises

India is fast catching up with China in its thermal coal imports, as the world's two biggest overseas buyers of the power generation fuel adjust purchases