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India’s coal imports jump in 2Q15

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World Coal,

India’s imports of thermal coal jumped 23% to just under 24 million t at 12 major ports in 2Q15, according to a report from the Press Trust of India. Metallurgical coal volumes remained steady at 8.17 million t.

The rise in imports comes even at India’s federal government is pushing state-owned coal miner, Coal India (CIL), to boost production to around 1 billion t by 2019 to help meet the country’s growing demand for electricity. In the last financial year, CIL recorded production of 494.23 million t and has been set a target of 550 million t in the currest fiscal.

India’s twelve major ports handle 61% of the country’s total imports.

Written by . Source: Press Trust of India via The Economic Times.

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