India's Coal Imports Soar by 40.56% in July

India's coal import surged by 40.56% to 25.23 million tonnes (MT) in July, up from 17.95 MT a year ago, according to data from mjunction services. Non-coking coal imports drove the increase amid lower seaborne market prices. Overall coal imports for the April-July period rose to 100.48 MT from 89.11 MT last year.

India's coal import surged by 40.56% to 25.23 million tonnes (MT) in July, marking a significant rise from the 17.95 MT imported in the same month during the previous fiscal year, as per data from B2B e-commerce platform mjunction services.

The April-July period also saw a notable increase in coal imports, with volumes climbing to 100.48 MT compared to 89.11 MT during the same period last year, mjunction services reported.

''Imports of non-coking coal saw an uptrend due to softening prices in the seaborne market, while the demand for coking coal dropped,'' said Vinaya Varma, MD & CEO of mjunction. Coal and Mines Minister G Kishan Reddy had earlier emphasized increasing domestic production to reduce reliance on imports.

(With inputs from agencies.)