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Coal import by power sector in April-June period 14% less than last year

10 August, 2018 1:55 PM
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Coal import by power sector in April-June period 14% less than last year

The import of coal by the country's power sector in the April-June quarter was 14 percent less than the amount imported in the same period last fiscal, Parliament was informed today. "In 2018-19 (up to June 30, 2018), coal import by the power sector is 14 percent less than the import in the corresponding period of last year," Coal Minister Piyush Goyal said in a reply to a question in Rajya Sabha.

The country's coal import has fallen from 217.7 million tonnes (MT) in 2014-15 to 190.9 MT in 2016-17. During 2017-18, coal imports increased to 208.27 MT due to increase in demand by consuming sectors.

"While there is a slight increase in import due to the enhanced domestic coal supply to power plants, coal import by power plants has reduced from 80.58 MT in 2015-16 to 56.41 MT in 2017-18," the minister said. The country's raw coal output increased from 565.77 MT in 2013-14 to 676.48 MT in 2017-18.

"Absolute increase in all-India coal production from 2013-14 to 2017-18 (four years) is 110.71 MT as compared to increase of coal production of 33.73 MT from 2009-10 to 2013-14 (four years)," the minister said.

Coal India Limited (CIL) also increased its production from 462.41 MT in 2013-14 to 567.36 MT in 2017-18. In the first four months of the ongoing fiscal, coal production of CIL was 177.43 MT with a growth rate of 14.1 per cent over the corresponding period of previous year.

Also read: HDIL Q1 profit jumps over threefold at Rs 24.7 crore

Source: moneycontrol.com

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