Coking coal shipments rise 15 pc to 29 MT at 12 state-run ports in Apr-Sep

Image
Press Trust of India New Delhi
Last Updated : Oct 08 2019 | 10:45 AM IST

Coal shipments handled by India's 12 major state-run ports during April-September rose by 15.25 per cent to 29.29 million tonne (MT), according to a ports' body.

The state-run ports had handled 25.41 MT of coking coal cargo in the corresponding period of the previous fiscal.

Shipments of thermal or steam coal, however, declined by 13.20 per cent to 44.87 million tonne, the Indian Ports Association (IPA) data showed.

The IPA said these ports handled 51.69 MT of thermal coal in the April-September period of the previous fiscal.

Thermal coal is the mainstay of the country's energy programme as 70 per cent of power generation is dependent on the dry fuel, while coking coal is used mainly for steel-making.

According to rating agency ICRA, the country's overall thermal coal import is likely to cross 200-MT mark in 2019-20.

It said that Coal India's production might fall short of its 2019-20 target of 660 MT by around 55-75 MT. Coal India accounts for over 80 per cent of the country's domestic coal requirement.

Overall, the 12 major ports recorded a marginal 1.48 per cent upswing in cargo handling at 348.44 MT in April-September this fiscal against 343.37 MT in the year-ago period.

The growth was driven mainly by higher handling of coking coal, fertilisers and iron ore.

These 12 major ports are -- Deendayal (erstwhile Kandla), Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar (earlier Ennore), V.O.Chidambaranar, Visakhapatnam, Paradip and Kolkata (including Haldia).

These ports handle about 60 per cent of the country's total cargo traffic.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 08 2019 | 10:45 AM IST

Next Story