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 Urban

What Industry Wants!

The construction industry is gearing up for Budget 2025 with high expectations. As one of India’s key economic drivers, the sector is eagerly anticipating reforms and policies to address pressing challenges such as high input costs, funding gaps, and sustainability demands. Industry leaders across real estate, infrastructure, construction materials, and logistics have shared their wishlists, urging the government to focus on GST rationalization, increased CAPEX, and green initiatives.This year’s budget presents an opportunity for the government to not only tackle existing bottlenecks but a..

Next Story
Infrastructure Urban

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

Next Story
Infrastructure Transport

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

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