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India reports rise in coal import value by 38.2% in FY18

13 Dec 2018 Evaluate

India reported a rise in value of coal import by 38.2% to Rs 1,38,477 crore in FY 18. In quantity terms coal imports of India improved by 9.1% to 208.27 million tonnes (MT) from previous year's 190.95 MT.

Peaked international price is stated as main reason in the monetary value increase, while quantity wise improvement is relatively less. As per reports, imported quantity of 2017-18 at 208.27 MT is less than the imported quantity of 2014-15 which stood at 217.79 MT even as power generation and industrial activity grew substantially after 2014-15.

India is deficient in coking coal, in 2017-18 the value of imported coking coal grew by 44%, from Rs 41,230.06 crore to Rs 59,522.63 crore. Majority of the thermal power stations are configured to use imported coal, hence such imports are inevitable. During April-October 2018, these power plants have imported 22.27 MT of coal.

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