Coal imports fall 8.1% in Q1 FY18
DSIJ Intelligence / 28 Jul 2017
The trend of fall in import of coal has continued in 2017-18, said Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy and Mines.
Coal imports have fallen from 217.78 Mte in 2014-15 to 203.95 Mte in 2015-16 and further to 190.95 Mte in 2016-17. The trend of fall in import of coal has continued in 2017-18, said Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy and Mines.
The minister further stated that as per the Directorate General of Commercial Intelligence & Statistics (DGCI&S), during April-June 2017-18, 52.74 Mte (provisional) of coal was imported as compared to 57.38 Mte in the corresponding period of 2016-17, showing a decline of 8.1%.
The fall in imports is largely on account of enhanced production by CIL, due to which the country has moved from a regime of coal scarcity to a coal surplus situation. The vendible stock of CIL has increased from 53.62 MT as on April 1, 2015 to 61.92 MT as on April 1, 2017.
However, the gap between demand and supply of coal cannot be bridged completely as there is insufficient domestic availability of coking coal and power plants designed on imported coal will continue to import coal for their production, the minister added.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.