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Coal imports to rise 3.4 per cent in FY14

Coal imports to rise 3.4 per cent in FY14

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.

Post
Coal imports to rise 3.4 per cent in FY14

Coal imports to rise 3.4 per cent in FY14

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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Rise in VO Chidambaram Port’s coal imports

Rise in VO Chidambaram Port’s coal imports

In VO Chidambaranar Port (VOC) in Tuticorin, coal imports surged at with a cargo volume of 106,17,791 million tonne (mt) handled in 2012-13. With this, the volume the port handled has surpassed the past record of 92,76,356 mt in the earlier year.

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Coal imports estimate

Coal imports estimate

The government estimates say that the country is likely to import 194 million tonne (mt) of coal in 2017, as against 135 mt at present, to meet the demand of the power sector.The government said that the dependence on imported coal would go up. The dependency has increased from 6 percent to 13 percent in the last 5-6 years.