India’s coal import increased by 13.2 percent to 26.10 million tonne (MT) in April 2024 as purchasers took fresh positions in the middle of early beginning of summertime.
The nation had actually imported 23.05 MT of coal in the year-ago duration, according to information assembled by B2B e-commerce business mjunction services ltd.
This comes in the middle of coal and mines minister G Kishan Reddy specifying that India ought to increase domestic production of the nonrenewable fuel source and minimize coal imports.
“India’s coal and coke imports in April 2024 through the significant and non-major ports increased by 13.2 percent over April 2023,” the information revealed.
Of the overall import in April, non-coking coal import stood at 17.40 MT versus 15.15 MT in the year-ago month. Coking coal import was 4.97 MT versus 4.77 MT.
“There was a boost in volumes … Going ahead, there might be continued need from both the power and non-regulated sectors due to pre-monsoon restocking,” mjunction MD & CEO Vinaya Varma stated.
Coal imports in April were up by 8.93 percent as versus March when imports stood at 23.96 MT.
India’s coal import increased by 7.7 percent to 268.24 MT in FY24 driven by softness in seaborne rates and probability of boost in power need throughout summertime.
The nation’s coal import was 249.06 MT in FY23.