Coal imports have declined by 21.7 per cent to 14.31 million tonnes (MT) in January as power utilities did not lift much fuel due to abundant stock available with them.
Coal import (all type of coals) in January 2017 stood at 14.31 MT (provisional) against 18.28 MT in January 2016. "In (the) power sector, state utilities are replete with stock and are aiming to curb imports altogether (except for coast-based plants) by March 2017. This explains the substantial drop in steam coal imports in January 2017 vis-à-vis the same month last year,” said mjunction CEO Vinaya Varma.
There was a marginal drop in non-coking coal imports in January 2017 compared with December 2016 as non-power sector consumers stopped restocking the material after steam coal prices reversed their declining trend midway through January, Varma said.