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Coal imports to rise 3.4 per cent in FY14

Coal & Mining
March 1, 2014March 1, 2014
Coal imports to rise 3.4 per cent in FY14
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India’s coal imports for the entire financial year 2014 are likely to grow a subdued 3.4 per cent to 150 mt, a stark contrast to the 42 per cent growth registered in 2012-13. The sharp drop in coal imports is due to rupee’s depreciation, as well as a slump in demand. These two factors offset the impact of depressed global prices.

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