India’s coal imports decline by almost 30%
The country’s coal imports registered a drop of 29.7 per cent to 48.84 million tonnes (MT) in the April-June period of the ongoing financial year, according to industry data.
India had imported 69.54 MT of coal in the April-June period of 2019-20, according to provisional compilation by mjunction, a B2B e-commerce joint venture between Tata Steel and SAIL that also publishes research reports on coal and steel verticals.
The drop in imports assumes significance in the wake of the government mandating state-owned Coal India Ltd (CIL) to replace at least 100 million tonne (MT) of imports with domestically-produced coal in 2020-21.
The country’s coal imports also dropped 22.5 per cent to 15.22 MT last month, against 19.64 MT of coal imported in June last fiscal, it said…Full Story