Country’s coal import increased by 7.7 percent to 268.2 million tonnes in the last financial year: M Junction Services

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According to data from B2B e-commerce company mJunction Services, India’s coal import increased by 7.7 percent to 268.2 million tonnes in the financial year (2023-24) due to falling sea freight prices and the possibility of increasing demand for electricity in summer. Has gone. In the last financial year, India imported 24.90 crore tonnes of coal.

New Delhi . India’s coal import has increased by 7.7 percent to 268.2 million tonnes in the last financial year (2023-24) due to falling prices of sea transportation and the possibility of increasing demand for electricity in summer. This information has been obtained from the data of B2B e-commerce company Mjunction Services. In the previous financial year, India had imported 24.90 crore tonnes of coal. India’s coal imports have also increased in March 2024. It has increased from 2.11 crore tonnes in the same month last year to 2.39 crore tonnes. Of the total coal imported in March, non-coking coal import stood at 15.3 million tonnes, compared to 13.8 million tonnes in the same month of the previous financial year.

Import of coking coal in March stood at 53.4 lakh tonnes, which was 39.6 lakh tonnes in the same month last year. Import of non-coking coal in the last financial year was 17.59 crore tonnes, which was 16.24 crore tonnes in 2022-23. Coking coal import stood at 5.72 crore tonnes in 2023-24, while it was 5.44 crore tonnes in 2022-23. Vinay Verma, Managing Director and Chief Executive Officer (CEO), M Junction, said, “The country’s coal import has increased due to softening of sea freight prices and the possibility of increase in demand for electricity in the summer season. However, there is ample availability of coal in the domestic market, so it remains to be seen whether coal imports remain strong in the coming months.

Disclaimer: CricketInFocus has not edited this news. This news has been published from PTI-language feed.



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