India's coal import rises 8% to 140.60 MT in April-September

India’s coal import rose by 7.8% to 140.60 million tonne (MT) in the April-September period of the ongoing financial year.

India's coal import rose by 7.8% 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% 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 slight increase in non-coking coal import in September (over previous month), ahead of the festive season. However, coking coal imports fell, in line with the softness in steel demand and prices," Ms. Varma said.