COAL & MINES

India’s thermal coal imports at major ports down by 17 per cent this fiscal

A historic drop in power demand that has taken a toll on electricity generation has led to a 17 per cent drop in India’s thermal coal imports in the first nine months of the current financial year (2019-20).

Annually, the country imports 235.24 million tonne coal worth Rs 170,880 crore.

Coal shipments at the country’s 12 major ports dropped to 65.97 million tonne during the April-December 2019 period from 79,558 million tonne in the corresponding period of 2018, according to data sourced from Indian Ports Association.

Experts attribute the overall decline in both coal imports and domestic production to the decline in thermal power generation witnessed in the current financial year given the subdued electricity demand.

Source
Energy World
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