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India's coal import increased by 13% to 21.64 million tonnes in February, driven by non-coking coal. The country's coal production reached 880.72 million tonnes in the April-February period of FY24.
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
There was reduction in coal imports due to ample domestic supply and a slowdown in demand after the festive season in October, mjunction MD and CEO Vinaya Varma said.
Coal imports in India increased by 11.7% to 20.95 Million Tonnes (MT) in November compared to the same period last year, according to data from B2B e-commerce company mjunction services. However, overall coal imports for the April-November period of the current financial year decreased to 169.08 MT from 173.47 MT in the previous year. The reduction in coal imports can be attributed to sufficient domestic supply and a slowdown in demand after the festive season in October, explained Vinaya Varma, MD and CEO of mjunction.
India, ranked as the world's third-largest consumer of energy, has witnessed a notable increase in power generation, registering a 7.71% surge from April to November 2023 compared to the corresponding period of the previous year.