India Imported 13.3 Million Tons of Coal in October, Data Show
India, the world’s third-largest coal user, imported 13.3 million tons of the fuel in October, shipping data show.
Adani Enterprises Ltd. (ADE), Tata Group, JSW Group and Steel Authority of India Ltd. were among companies that received 10.05 million tons of steam coal and 3.23 million of coking coal through 22 of the 28 ports listed by Interocean, a New Delhi-based shipper.
The western port of Mundra, operated by Adani Group, India’s biggest importer of the fuel, received the most at 2.61 million tons, the data show. The eastern ports of Krishnapatnam, Gangavaram and Paradip took in 1.23 million tons, 845,249 tons and 784,671 tons, respectively.
Indonesia sold the most, 8.43 million tons. India received 2.98 million tons from Australia and 1.05 million from South Africa, according to Interocean. The U.S., Mozambique and Chile supplied 317,238 tons, 202,634 tons and 218,201 tons, respectively, the data show.
Power-station coal at Australia’s port of Newcastle, the Asian benchmark price, climbed 2.9 percent in October to $80.55 a ton, according to data from IHS McCloskey.