India coal imports surge to 162 MT in FY23; inbound coking coal cargo grows to 54 MT

India‘s coal imports elevated by 30 per cent to 162.46 million tonnes within the 2022-23 monetary yr towards 124.99 MT within the year-ago interval, based on a report. The import of coking coal rose 5.44 per cent to 54.46 MT over 51.65 MT in FY22, mjunction stated in its newest report.

In March alone, the non-coking coal import stood at 13.88 MT towards 12.61 MT in the identical month final yr. Coking coal imports had been 3.96 MT towards 4.76 MT imported in March 2022.

India is among the many prime 5 coal-producing international locations on the earth. Nevertheless, some elements of its coal requirement are met by imports because the nation can also be among the many main customers of the dry gas.

For coking coal — a key uncooked materials utilized in metal making — the nation stays closely depending on imports.

“The persistently excessive demand for steam coal in India coupled with the weakening of seaborne costs led to elevated volumes throughout March. This development is more likely to proceed in coming months in view of the above-normal common temperature anticipated this summer time,” mjunction MD & CEO Vinaya Varma stated.

Together with different forms of coal like anthracite, pulverised coal injection (PCI coal), met coke and pet coke, the entire imports in FY23 had been at 249.06 MT, up from 200.71 MT FY22, an increase of over 24 per cent.

A B2B e-commerce platform, mjunction providers restricted is a 50:50 three way partnership promoted by Metal Authority of India (SAIL) and Tata Metal.

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