India’s coal import drops 30% to 48.84 MT in April-June

The country’s coal imports registered a drop of 29.7 per cent to 48.84 million tonnes (MT) in the April-June period of the ongoing financial year, according to industry data.

India had imported 69.54 MT of coal in the April-June period of 2019-20, according to provisional compilation by mjunction.

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.

The drop in imports assumes significance in the wake of Government mandating state-owned Coal India Ltd (CIL) to replace at least 100 million tonne (MT) of imports with domestically-produced coal in 2020-21.

The country’s coal imports also dropped 22.5 per cent to 15.22 MT last month, against 19.64 MT of coal imported in June last fiscal, it said.