India’s coal imports increased by 13% to 21.64 million tonnes (MT) in February . This is as per online marketplace mjunction. In the corresponding mmonth in FY23, the nation imported 19.15 MT.
Of the total imports in February, non-coking coal imports increased to 13.77 MT compared to 11.68 MT imported in the year-ago period. The country’s coal import also went up to 244.27 MT in the April-February period of FY24 over 227.93 MT in the year-ago period, the online marketplace said. “Coking coal volume was 4.56 MT, against 4.40 MT imported in February 2023,” mjunction added.
During the April-February period of FY24, non-coking coal import was at 160.63 MT, higher than 148.58 MT imported in the same period of FY23. Coking coal import was at 51.87 MT during the April-February period of FY24, up against 50.50 MT recorded for April-February 2022-23.
“There was an increase in volumes as some buyers took fresh positions to replenish stocks ahead of the summer season, amidst softening of seaborne prices,” Vinaya Varma, managing director and chief executive officer, mjunction explained.
(with inputs from PTI)