India’s coal import drops 35% in Aug on lower demand from power, cement players

  • 14-Sep-2020
  • India’s coal import drops 35% in Aug on lower demand from power, cement players

Coal India (CIL), which accounts for over 80 per cent of domestic coal output, has been mandated by the government to replace at least 100 million tonnes of imports with domestically-produced coal in the ongoing fiscal.

India’s coal import declined by 34.9 per cent to 12.46 million tonnes (MT) in August on account of subdued demand for the dry fuel from consuming sectors like power and cement.

The country imported 19.14 MT of coal in August last year, according to provisional compilation by mjunction, based on monitoring of vessels’ positions and data received from shipping companies.mjunction, a joint venture between Tata Steel and SAIL, is a B2B e-commerce company that also publishes research reports on coal and steel verticals.

Also, the first five months of the current fiscal saw 32.51 per cent decline in coal import at 73.08 MT, over 108.29 MT during the year-ago period, it said.

“Although there has been a modest recovery in coal-consuming sectors such as power and cement, coal stock continues to be ample and hence import demand subdued. If we go by the current trend, coal imports may see a significant decline this year,” it said.

Of the total imports in August, non-coking coal’s shipment was at 8.87 MT and coking coal at 2.18 MT.

Coal India (CIL), which accounts for over 80 per cent of domestic coal output, has been mandated by the government to replace at least 100 million tonnes of imports with domestically-produced coal in the ongoing fiscal.

To boost coal demand, the government has announced a slew of measures like increased supply for linkage consumers.

The Centre had also announced several relief measures for CIL consumers, including the power sector.

The country imported 247.1 MT of coal in 2019-20, about five per cent higher than 235.35 MT imported during 2018-19.



Source :- Financialexpress.com

Seair is proud to have a loyal customer base from big brands.

We have successfully served many reputable clients for Import-Export Data Information Services. Here are some of our clients:

Get a free Import-Export data demonstrative report on desired products.

We don’t offer any assistance over buying or selling any products.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.

Copyright © 2009 - 2020 www.seair.co.in. All Rights Reserved.