India’s coal import registered a drop of 11.59 per cent to 180.84 million tonnes (MT) in the first 10 months of the ongoing fiscal.
The company had imported 204.55 MT of coal in April-January period of the previous fiscal year, according to provisional data compiled by mjunction services. Mjunction — a joint venture of Tata Steel and SAIL — is a B2B e-commerce company and also publishes research reports on coal and steel verticals.
However, India’s coal imports in January increased to 20.05 MT as against 18.67 MT in year-ago period, it said. Commenting on the coal import trend, mjunction MD and CEO Vinaya Varma said, “There was a drop in January volumes as compared to the previous month (December). This was mainly due to the firmness in seaborne prices.
