Coal imports have fallen by 25 per cent to 14.31 million tonnes (MT) in December, due to higher availability of domestic fuel. The country had imported 19.15 MT of coal in December 2015.
“Coal import (all type of coals) in December 2016 stood at 14.31 MT (provisional) against 19.15 MT in December 2015," said mjunction, an online procurement and sales platform floated jointly by state-run SAIL and Tata Steel.
The coal import in November, 2016 was 12.51 MT.
“Year-on-year imports were lower because public sector power generation companies have virtually stopped buying imported coal as they are getting almost sufficient supplies of domestic coal,” said mjunction CEO Vinaya.
There was a sharp increase in non-coking coal imports in December as compared to November last year as non-power sector consumers started stocking up the material in the aftermath of softness in international prices towards end of November.