CHENNAI (Reuters) – India’s imports of thermal coal grew at the slowest pace in five months in October, data from Indian consultancy Coalmint showed, as higher domestic production slashed demand for seaborne coal.
Imports of the power generation fuel rose for the fifth straight month in October to 12.03 million tonnes, up by 11.5% compared with the same period last year, Coalmint data showed.
Imports in the January-October period rose over 14% to 139.5 million tonnes, the data showed. Output by state-run Coal India, which accounts for 80% of domestic output, rose 11.5% in the same period.
