India's coal import rises 13% to 26 MT in April: mjunction - Hindustan Times
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India's coal import rises 13% to 26 MT in April: mjunction

PTI |
Jun 16, 2024 07:37 PM IST

India's coal import rises due to the power sector and non-regulated sectors' pre-monsoon restocking.

India's coal import rose by 13.2% to 26.10 million tonne (MT) in April 2024 as buyers took fresh positions amid early onset of summer.

People working at a coal mine. (Ravi Choudhary/HT File Photo)
People working at a coal mine. (Ravi Choudhary/HT File Photo)

The country had imported 23.05 MT of coal in the year-ago period, according to data compiled by B2B e-commerce company mjunction services ltd.

Also Read | At 15,379 MW, power demand crosses last year’s top figure

This comes amid coal and mines minister G Kishan Reddy stating that India should increase domestic production of the fossil fuel and reduce coal imports.

"India’s coal and coke imports in April 2024 through the major and non-major ports increased by 13.2% over April 2023," the data showed.

Of the total import in April, non-coking coal imports stood at 17.40 MT against 15.15 MT in the year-ago month. Coking coal import was 4.97 MT against 4.77 MT.

Also Read | Rising AC sales and surging demand for cooling escalates India's environmental challenges

"There was an increase in volumes. Going ahead, there may be continued demand from both the power and non-regulated sectors due to pre-monsoon restocking," mjunction MD & CEO Vinaya Varma said.

Coal imports in April were up by 8.93% as against March when imports stood at 23.96 MT.

India's coal import rose by 7.7% to 268.24 MT in the financial year 2023-24 driven by softness in seaborne prices and likelihood of increase in power demand during summer.

The country's coal import was 249.06 MT in the financial year 2022-23.

Also Read | India's industrial output's year-on-year growth increases to 5% in April 2024

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