India’s Coal Imports Rose to 9.6 Million Tons in September
India, the world’s third-largest coal user, increased imports to 9.6 million metric tons of the fuel in September, shipping data show.
Adani Enterprises Ltd. (ADE), Bhatia International Ltd., Tata Power Co. (TPWR) and Steel Authority of India Ltd. were among buyers that received 7.3 million tons of thermal coal and 2.3 million tons of coking supplies last month, according to Interocean Group, a New Delhi-based ship broker. The nation imported 9.3 million tons in Sept. 2011.
The Mundra port on the western coast, operated by the Adani Group, received almost 1.9 million metric tons, the highest volume. On the east coast, Paradip, Krishnapatnam and Visakhapatnam imported 1.22 million tons, 1.17 million tons and 939,331 tons, respectively, the report showed.
Coal imports at 21 of 27 Indian ports included 5.2 million tons from Indonesia, 1.7 million tons from Australia, 1.5 million tons from South Africa and 720,045 tons from the U.S. Companies also bought consignments from New Zealand, Mozambique and Columbia, the data showed.
Power-station coal at Australia’s Newcastle port, the Asian benchmark price, fell 3.2 percent in the week ended Oct. 19 to $78.05 a ton, according to the globalCOAL NEWC Index.
To contact the reporter on this story: Archana Chaudhary in New Delhi at email@example.com
To contact the editor responsible for this story: Sam Nagarajan at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.