The decision to boost imports underscores the severity of India's fuel crisis as coal inventories are at the lowest pre-summer levels in at least nine years
A utility owned by India's richest state Maharashtra is reviewing the "cost reasonability and financial viability" of the bids received for a two million tonne coal import tender
The government said the country's dependence on imports to meet thermal coal demand has sharply reduced and stressed that in the next financial year
China 2021 coal imports at 323.22 mn Tonne highest since 2013
Nearly three-fifths of India's coal-fired capacities currently have coal inventories that would last three days or less, federal power ministry data shows.
A power crunch across China has rippled from factory floors to homes, crimping growth forecasts for the world's second-largest economy
More than half of China's mainland provinces are limiting electricity use, forcing factory shutdowns that are reverberating through global supply chains.
India's coal import rose 30.3 per cent to 22.27 million tonnes in April amid supply concerns and demand for pre-monsoon restocking of dry fuel. The country had imported 17.09 million tonnes of coal in April last year, according to a provisional compilation by mjunction services, based on monitoring of vessels' positions and data received from shipping companies. "India's coal and coke imports in April 2021 through the major and non-major ports are estimated to have increased by 30.3 per cent over April 2020... Imports in April 2021 stood at around 22.27 million tonnes (MT) as against 17.09 MT imported in April 2020," it said. "The demand for pre-monsoon restocking and supply concerns led to a surge in coal import during the month under review. Recently, tightened supply in overseas markets have firmed up prices. This factor coupled with the onset of monsoon is expected to keep the volumes in check in the near term," Vinaya Varma, MD & CEO, mjunction services Ltd, said. mjunction ..
India's coal import is expected to be subdued in coming months on account of various factors like prevailing Covid situation and high coal stock in the system, according to mjunction
India's coal import dropped 13.6 per cent to 196.13 million tonne (MT) in the April-February period of the ongoing fiscal year
Importers of coking coal, steam coal and bituminous coal would have to gain a permit ahead of deliveries, the commerce and industry ministry said
State-run Coal India is aiming at substituting imported dry fuel of 80-85 million tonne with more domestic supplies in the current fiscal, an official said
Of the total import in October 2020, non-coking coal was at 14.46 MT. In October 2019, the import was 13.57 MT
The special categort e-auction launched in July is part of the company's efforts to bring down coal imports
Thermal coal imports dropped 25.42 per cent to 28.93 MT and coking coal shipments fell 31.87 per cent to 16.84 MT during this period
Of the total imports in August, non-coking coal''s shipment was at 8.87 MT and coking coal at 2.18 MT
Coal is among the top five commodities imported by India, the world's largest consumer, importer and producer of the fuel after China
Any coal buyer, who imported coal during the current and any of the last two financial years, is eligible for participating in this new version of e-auction, CIL said
Coal import dips 20% to 19 MT in May
Adani Power's Mundra plant alone imported 12.83 million tonnes of coal during the first nine month of this fiscal, a growth of 45.7 per cent over 8.81 million tonnes in the same period a year ago