India Cuts Coal Imports by 13% in November, Shipping Data Show
India, the world’s third-largest coal user, cut imports of the fuel by 13 percent to 11.6 million metric tons in November, shipping data show.
Adani Enterprises Ltd. (ADE), Bhatia International Ltd., Tata Power Co. (TPWR) and Steel Authority of India Ltd. were among buyers who received 9.25 million metric tons of steam coal and 2.33 million tons of the coking variety, according to Interocean Group, a New Delhi-based ship broker that provided the information. October shipments were 13.3 million tons.
The port of Mundra on the west coast, operated by the Adani Group, received the highest volume of 1.82 million tons. Krishnapatnam, Paradip and Visakhapatnam, on India’s east coast, took in 1.32 million, 1.03 million and 955,334 tons, respectively, the report showed.
India received 7.97 million tons of coal from Indonesia, 2.23 million from Australia and 952,437 from South Africa, according to the data. The country also took supply from Mozambique, New Zealand, the U.S. and Russia, the figures showed.
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