India's Coal Imports Increase by 5% to 52 Million Tonnes in April-May
COAL & MINING

India's Coal Imports Increase by 5% to 52 Million Tonnes in April-May

India's coal imports increased by 5.3% to 52.29 million tonnes (MT) in the first two months of the current fiscal year compared to the same period last year. The data, compiled by mjunction services, indicated that the country had imported 49.62 MT of coal in April and May of FY24.

However, there was a slight decline in coal imports in May, dropping to 26.19 MT from 26.57 MT a year earlier.

According to mjunction services ltd, there was a decrease of 1.43% compared to the 26.57 MT imported in May 2023.

Vinaya Varma, MD and CEO of mjunction, mentioned that demand for imports is likely to stay low in the coming weeks due to the monsoon onset, while domestic production growth is expected to remain robust.

Additionally, it was anticipated that coking coal prices in the international market would rise due to supply constraints, potentially affecting interest from buyers in India.

In May, non-coking coal imports totaled 17.53 MT, down from 18.10 MT the previous year. Coking coal imports amounted to 5.03 MT, compared to 5.10 MT in May 2023.

Coal India is responsible for more than 80% of domestic coal production.

Following his appointment as coal and mines minister, G Kishan Reddy emphasized the need for India to boost domestic coal production and reduce reliance on imports.

India's coal imports increased by 5.3% to 52.29 million tonnes (MT) in the first two months of the current fiscal year compared to the same period last year. The data, compiled by mjunction services, indicated that the country had imported 49.62 MT of coal in April and May of FY24. However, there was a slight decline in coal imports in May, dropping to 26.19 MT from 26.57 MT a year earlier. According to mjunction services ltd, there was a decrease of 1.43% compared to the 26.57 MT imported in May 2023. Vinaya Varma, MD and CEO of mjunction, mentioned that demand for imports is likely to stay low in the coming weeks due to the monsoon onset, while domestic production growth is expected to remain robust. Additionally, it was anticipated that coking coal prices in the international market would rise due to supply constraints, potentially affecting interest from buyers in India. In May, non-coking coal imports totaled 17.53 MT, down from 18.10 MT the previous year. Coking coal imports amounted to 5.03 MT, compared to 5.10 MT in May 2023. Coal India is responsible for more than 80% of domestic coal production. Following his appointment as coal and mines minister, G Kishan Reddy emphasized the need for India to boost domestic coal production and reduce reliance on imports.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000