India’s coal import drops 14 pc in April-February FY21

By: |
March 28, 2021 1:24 PM

India's coal import dropped 13.6 per cent to 196.13 million tonne (MT) in the April-February period of the ongoing fiscal year.

coal importants, coal production. india coal, Tata Steel and SAIL, Coking coal import , country's coal and coke import , non-coking coal imporCoal import in February 2021 stood at 15.29 MT as against 22.68 MT in the year-ago period.

India’s coal import dropped 13.6 per cent to 196.13 million tonne (MT) in the April-February period of the ongoing fiscal year.
The country had imported 227.23 MT of coal in the year-ago period, according to a report by mjunction services. mjunction — a joint venture between Tata Steel and SAIL — is a B2B e-commerce company and also publishes research reports on coal and steel verticals.

“For April-February 2020-21, total coal and coke imports stood at 196.13 MT, about 13.69 per cent lower than 227.23 MT imported during April-February 2019-20,” it said. During April-February 2020-21, non-coking coal import was at 128.91 MT, against 157.59 MT during the year-ago period.

Coking coal import was recorded at 43.98 MT, lower than 45.17 MT imported during the same period a year ago. Coal import in February 2021 stood at 15.29 MT as against 22.68 MT in the year-ago period. Of the total imports in February, non-coking coal was at 9.07 MT, against 16.94 MT in the same month last year. Coking coal import was at 4.82 MT, as against 4.02 MT imported in February last fiscal.

“The sharp decline in import volumes in February was due to a significant fall in thermal coal imports amid firm prices and high freight rates in the international markets. “In line with market expectation, the country’s coal and coke import is going to see a substantial drop and may close the year with a volume of 210-215 million tonnes,” Vinaya Varma, MD and CEO, mjunction services, said.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Jaypee Infratech insolvency: Lenders, homebuyers ask Suraksha group to improve bid
2NCLAT dismissed DVI plea over resolution plan for Amtek Auto
3Twitter services are down globally as users report logout errors, failure to retrieve tweets and more