Coal imports in India rose by 13% to 26 MT in April
COAL & MINING

Coal imports in India rose by 13% to 26 MT in April

In April 2024, India's coal imports increased by 13.2% to 26.10 million metric tonnes (MT) as purchasers took up new positions in anticipation of an early summer. The nation imported 23.05 MT of coal around the same time last year, citing data gathered by B2B e-commerce business Mjunction Services Ltd. This is in response to comments made by G. Kishan Reddy, the minister of coal and mines, who suggested that India produce more coal domestically and import less of it. According to the data, India's coal and coke imports in April 2024 through major and non-major ports increased by 13.2% compared to April 2023. It was reported that non-coking coal imports in April amounted to 17.40 MT, up from 15.15 MT in the same month of the previous year. Additionally, coking coal imports totaled 4.97 MT, compared to 4.77 MT previously. Vinaya Varma, MD and CEO of Mjunction, noted that there had been an increase in volumes. He remarked that, looking forward, there might be sustained demand from both the power and non-regulated sectors due to pre-monsoon restocking. The data indicated that coal imports in April showed an 8.93% rise compared to March, when imports were recorded at 23.96 MT. In FY24, India's coal imports saw a 7.7% increase to 268.24 MT, driven by lower seaborne prices and expectations of heightened power demand during the summer. It was highlighted that the country's coal import volume was 249.06 MT in FY23.

In April 2024, India's coal imports increased by 13.2% to 26.10 million metric tonnes (MT) as purchasers took up new positions in anticipation of an early summer. The nation imported 23.05 MT of coal around the same time last year, citing data gathered by B2B e-commerce business Mjunction Services Ltd. This is in response to comments made by G. Kishan Reddy, the minister of coal and mines, who suggested that India produce more coal domestically and import less of it. According to the data, India's coal and coke imports in April 2024 through major and non-major ports increased by 13.2% compared to April 2023. It was reported that non-coking coal imports in April amounted to 17.40 MT, up from 15.15 MT in the same month of the previous year. Additionally, coking coal imports totaled 4.97 MT, compared to 4.77 MT previously. Vinaya Varma, MD and CEO of Mjunction, noted that there had been an increase in volumes. He remarked that, looking forward, there might be sustained demand from both the power and non-regulated sectors due to pre-monsoon restocking. The data indicated that coal imports in April showed an 8.93% rise compared to March, when imports were recorded at 23.96 MT. In FY24, India's coal imports saw a 7.7% increase to 268.24 MT, driven by lower seaborne prices and expectations of heightened power demand during the summer. It was highlighted that the country's coal import volume was 249.06 MT in FY23.

Next Story
Infrastructure Urban

Andhra Pradesh to Develop 30,000 Women-Led Enterprises by 2025

The Municipal Administration and Urban Development (MAUD) Department is accelerating efforts to create sustainable livelihoods for women in urban areas, in line with Chief Minister Nara Chandrababu Naidu’s goal of fostering one lakh women entrepreneurs by 2025. Under this initiative, the MAUD Department has set a target to establish 30,000 women-led enterprises across towns and cities in Andhra Pradesh. To support this vision, the department plans to establish Micro, Small & Medium Enterprises (MSMEs) for women in TIDCO housing complexes. Vacant plots across 163 colonies have been earmarked ..

Next Story
Infrastructure Energy

G Kishan Reddy discusses mining expansion, clearances with Chhattisgarh CM

Coal and Mines Minister G Kishan Reddy met Chhattisgarh CM Vishnu Deo Sai on Friday to expedite land acquisition and environmental clearances for mining projects. Reddy, who was on a two-day visit to review operations at South Eastern Coalfields Ltd (SECL), discussed measures to boost mining-led economic growth in the state. Key topics included speeding up land acquisition for mine expansions, obtaining quicker environmental approvals, and setting up integrated rehabilitation and resettlement sites. The minister also highlighted the importance of developing critical minerals in the region, alo..

Next Story
Infrastructure Urban

NITI Aayog's Vision for India's Auto Industry

NITI Aayog has launched the report titled "Automotive Industry: Powering India’s Participation in Global Value Chains," offering a roadmap for the country’s automotive future. Released by Shri Suman Bery, Vice Chairman, the report outlines key strategies to grow India’s automotive sector to $145 bn in component production by 2030. India is currently the fourth-largest automobile producer globally, but with only a modest three per cent share in the global automotive component market. The report emphasises the need to strengthen India’s position through competitive manufacturing, skill d..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?