Print Edition - 2018-07-29  |  Money Digest

India’s 2017-18 thermal coal imports up 8pc


Jul 29, 2018-

India’s thermal coal imports rose by 8 percent and coking coal imports by about 13 percent for the year to March 31, government data showed. India’s total coal imports rose for the first time in three financial years, undermining the government’s plan to reduce India-bound coal shipments and cut its import bill. The value of India’s coal imports rose by 38.2 percent to 1,384.77 billion rupees ($20.17 billion), the statistics wing of India’s trade ministry said. Higher Indian imports will be a boon for international miners such as Indonesia’s Adaro Energy, Australia’s Whitehaven Coal and global commodity merchants such as Glencore at a time when Asian coal prices are rising to multi-year highs. (REUTERS)

Published: 29-07-2018 08:33

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