India's coal import dropped marginally by 1.4 per cent to 240.77 million tonnes in the April-February period of FY'25, over the year-ago period. The country's coal import was 244.27 million tonnes (MT) in the April-February period of FY'24. Non-coking coal import was at 152.3 MT in the period under review, lower than 160.6 MT imported over the year-ago period. Coking coal import was at 49.7 MT during April-February 2024-25, down from 51.9 MT during the same period of previous year. Coal import in February also declined to 18.10 MT from 21.64 MT in February last year, according to data compiled by mjunction services. On a month-on-month basis, coal imports in February 2025 were down by 15.3 per cent against 21.4 MT in January 2025. Of the total imports in February 2025, non-coking coal import stood at 11.1 MT, against 13.8 MT imported in the year-ago period. Coking coal import was at 3.8 MT against 4.6 MT imported in February 2024. "There was a dip in import volumes which was in l
The country's coal import rose marginally by 1.23 per cent to 21.37 million tonne (MT) in January. The coal import was 21.11 MT in the corresponding month of the previous fiscal. The shipments were flat at 222.67 million tonne in April-January FY25, according to data compiled by mjunction services ltd, a B2B e-commerce platform. During April-January 2024-25, non-coking coal import was at 141.18 MT, lower than 146.86 MT imported during the same period last financial year. Coking coal import was at 45.88 MT during the 10-month period, down from 47.32 MT recorded for the same period last fiscal. Of the total imports in January 2025, non-coking coal imports stood at 12.33 MT, lower than 13.40 MT imported a year ago. Coking coal import volume was 5.23 MT, against 4.50 MT imported in January 2024. "There is a subdued demand for imported material despite softness in seaborne prices, primarily due to ample stock available in the domestic market. We expect the weak trend to continue till
The world's fastest growing major economy opened up coal mining to private companies earlier this decade, ending the near-monopoly of state-run Coal India, the world's largest coal miner
India's coal import dropped by 8.4 per cent to 183.42 million tonnes in the April-December period of the current fiscal, resulting in foreign exchange savings of around Rs 42,315 crore. The country's coal import was 200.19 MT in the corresponding period of the previous fiscal. "Coal imports...during April to December 2024 fell by 8.4 per cent, totalling 183.42 million tonnes (MT), compared to 200.19 MT in the same period of the previous fiscal year. This reduction resulted in foreign exchange savings of approximately USD 5.43 billion (Rs 42,315 crore)," the coal ministry said in a statement. The non-regulated sector, excluding the power sector, experienced a more significant decline, with imports dropping by 12.01 per cent year-on-year. Although coal-based power generation grew by 3.53 per cent from April to December 2024 over the previous year, imports for blending by thermal power plants decreased by 29.8 per cent. The government has implemented several initiatives, including ..
Vascon Engineers Ltd expects Rs 300 crore in revenue from its new housing project in Mumbai. The company is in EPC (engineering, procurement and construction) and real estate businesses. In a regulatory filing on Monday, Vascon Engineers said it has entered into the Mumbai market with the launch of 'Vascon Orchids', a luxury residential project through a redevelopment initiative on Linking Road in Santacruz West. "The project has a total expected Gross Development Value (GDV) of Rs 300 crore of our sell units," it added. Pune-based Vascon has delivered more than 225 projects across over 30 cities and 45 million sq ft of real estate projects.
India's coal imports remained flat at 201.30 million tonnes (MT) in the April-December period of the ongoing financial year. The country's coal import was 201.52 MT in the year-ago period, according to the data compiled by mjunction services, a leading name in the e-auction space. Coal import in December declined to 19.28 MT over 23.35 MT in the corresponding month of the previous fiscal year. "Imports in December 2024 stood around 19.28 million tonnes as against 23.35 MT imported in December 2023," it said. During April-December 2024, non-coking coal imports were at 128.85 MT, lower than 133.46 MT imported during the same period in the previous year. Coking coal imports were at 40.64 MT during April-December 2024, down from 42.81 MT reported for April-December 2023. "The high stock position in the domestic market, coupled with lower-than-expected demand, has led to a drop in import volumes. We expect the demand scenario to remain unchanged in the coming weeks," mjunction MD & CEO
'Three US cargoes that were supposed to go to China have landed in India and around 10 more cargoes are waiting,' Vasudev Pamnani, director at India's I-Energy Natural Resources, said
Global thermal coal prices have retreated from record highs hit after Russia's 2022 invasion of Ukraine, but are 50 per cent higher than the average during the 2017-19 period
India's coal import rose by two per cent to 182.02 million tonnes (MT) in the April-November period of the current fiscal year. The country's coal import was at 178.17 MT in the year-ago period, according to data compiled by business-to-business e-commerce company mjunction services ltd. However, the country's coal import dropped to 19.57 MT in the month of November, over 22.30 MT in the corresponding month of the previous fiscal. "There was a drop in volumes, which was in line with market expectation. Ample availability in the domestic market reduced import demand from consuming sectors such as sponge iron and steel. Also, the comfortable stock position at power plants resulted in muted demand for imports," mjunction MD and CEO Vinaya Varma said. This trend is likely to continue in the coming months, he said. During April-November 2024, non-coking coal import was at 117.73 MT, lower than 118 MT imported during the same period last year. Coking coal import was at 36.93 MT during .
India's coal production is set to increase by 8 to 10 per cent in the coming years, driven by growing electricity demand and increased contributions from captive mines
Coal import by non-regulated sectors (NRS) dropped 9.83 per cent to 63.28 million tonnes (MT) in the April-September period of the ongoing financial year, the government on Wednesday said. The coal import by NRS was 70.18 MT in year-ago period. The coal import by domestic thermal power plants for blending purpose also declined 8.59 per cent to 9.79 MT in the April-September period from 10.71 MT a year ago. "This demonstrates an increased reliance on domestic coal supplies for these sectors," the coal ministry said in a statement. However, there has been a rise in the import of coking coal, essential for the steel industry, and coal for imported coal-based (ICB) power plants, which are not substitutable by domestic coal. The overall coal imports during April-September 2024 rose 1.36 per cent to 129.52 million tonnes (MT) compared to 127.78 MT in the corresponding period of the previous year. In terms of value, overall imported coal during April-September stands at Rs 1,38,763.50 c
Indian shipments of the fuel used mainly for power generation have been tracking the trajectory of growth in shipments by top importer China over the last year, shoring up international prices
Shipments into the world's second-largest coal importer plunged 31.8 per cent to 13.56 million metric tons
India's coal import rose by 7.8 per cent to 140.60 million tonne (MT) in the April-September period of the ongoing financial year. The country's coal import was 130.34 MT in the year-ago period, according to data compiled by B2B e-commerce company mjunction services ltd. Overall, coal import demand is likely to remain modest due to the healthy stock position and high volumes being offered through spot e-auctions in the domestic market, mjunction MD and CEO Vinaya Varma said. Coal import in September dropped by 10.09 per cent to 19.42 MT from 21.60 MT in the corresponding month of previous fiscal. Of the total imports in September, non-coking coal volume was 13.24 MT, against 14.88 MT in the year-ago month. Coking coal import stood at 3.39 MT, against 4.59 MT a year ago. During the April-September period, non-coking coal import was at 91.92 MT, higher than 83.45 MT imported during the same period last year. Coking coal import was at 28.18 MT as against 29.44 MT. "There was a slig
CIL Chairman and Managing Director P M Prasad on Monday said coking coal import cannot be substituted fully, but some part of it can be reduced. Coking coal, also known as metallurgical coal, is used to produce coke, a key component in steel-making process. As per the data compiled by mjunction services ltd, India's coal import in 2023-24 was 268.24 MT, which includes 57.22 MT coking coal and 175.96 MT non-coking coal. Speaking during stakeholders' consultation on mining operators-cum-developers (MDO) and Star Rating of Coal Mines Award Ceremony, the CMD said coking coal import cannot be substituted fully, but some part of it can be reduced. The coking coal import can be brought down if its production through domestic sources is increased, he noted. He further said achieving coal production of 1.5 billion tonne in the next four to five years is not a small thing and in order to achieve this output, mining projects have to be awarded to MDOs. Import of thermal coal can be reduced
India's coal import rose by 5.7 per cent to 75.26 million tonnes (MT) in the first quarter of the current fiscal compared to 71.16 MT of coal in the same period of the previous fiscal. Coal imports in June were also higher by 6.59 per cent at 22.97 MT compared to 21.55 MT in the same month of the previous fiscal, according to data compiled by mjunction services ltd, a B2B e-commerce platform from a joint venture between Tata Steel and SAIL. mjunction MD and CEO Vinaya Varma said that given the surplus coal available in the system and the slowdown in industrial activity during monsoon, import demand is likely to remain subdued in the coming month. Of the total imports in June 2024, non-coking coal imports stood at 14.19 MT, higher than 13.29 MT imported in June last year. Coking coal imports were at 5.45 MT, against 5.33 MT imported in June 2023. During April-June 2024, non-coking coal imports were at 49.12 MT, higher than 46.53 MT imported during the same period last year. Coking c
India's coal import rose 5.3 per cent to 52.29 million tonnes (MT) in the first two months of the ongoing fiscal as against the year-ago period. The country's coal import was 49.62 MT in April and May in FY24, according to data compiled by mjunction services ltd -- a B2B e-commerce platform from a joint venture between Tata Steel and SAIL. However, coal import in May dropped marginally to 26.19 MT, from 26.57 MT a year earlier. "Coal imports... were down 1.43 per cent as against 26.57 MT imported in May 2023," it said. According to mjunction MD and CEO Vinaya Varma, the demand for imports is likely to remain subdued in the coming weeks due to the onset of monsoon while the production growth should stay healthy in the domestic market. Also, coking coal prices are expected to move up in the seaborne market due to supply tightness and this may impact buyers' interest in the country. Of the total imports in May, non-coking coal imports stood at 17.53 MT, against 18.10 MT imported in
The government on Friday said the annual growth in India's coal imports has declined to just 2.49 per cent in the past decade until FY24 as the country moves towards becoming self-reliant in energy security. The compound annual growth rate (CAGR) of coal imports from 2004-05 to 2013-14 stood significantly at 21.48 per cent. However, the CAGR of coal import from 2014-15 to 2023-24 stood at 2.49 per cent only, the coal ministry said in a statement. "Moreover, CAGR of imported coal share stood at 13.94 per cent during the period from fiscal year 2004-05 to 2013-14 while the same figure plummeted to around -2.29 per cent" during the last decade, it said. With strategic focus on optimising indigenous coal resources and leveraging innovative technological solutions, India continues its journey towards self-reliance in energy security of the nation, the statement said. India, endowed with the fifth-largest coal reserves globally, stands as the second-largest consumer of dry fuel, it adde
Russia's exports of all types of coal to India over the period fell 22.4 per cent from a year earlier
India has ramped up electricity generation in recent months as a strong economy and an ongoing heatwave boost demand for power