India's Coal Imports May Revisit 2014-15 Peak
Coal Insights|November 2017

India’s coal imports are headed northward, no matter what coal producers say. The recent trend of shortfall in stocks at the power plants is a pointer towards this direction, Mayank Garg, Managing Director, Venerable Energy Solutions, tells Madhumita Mookerji.

India's Coal Imports May Revisit 2014-15 Peak

What is your outlook on India’s coal imports? Do you think these are slated to go up and why?

I feel imports declined over the last 2 years from the levels seen in 2014-15. And, subsequently after the new government assumed charge in 2014, it also brought in a lot of reforms. Around that time, a lot of coal was available but it was not able to reach the power plants, mainly because of logistics reasons and also because the mines that had been opened up were not able to ramp up production.

But the government came up with some good initiatives and was able to solve a few problems, including those that related to logistics and increasing production. These efforts led to a decline in imports over the last 2 years.

Now, the ramp-up of coal production from Coal India (CIL) is not matching up to the levels that the company would want to attain. Given the fact that power demand is increasing, I feel there is a possibility that the coal imports in the next 2-3 years will come back to the same levels reached in 2014-15. I do see there will be an increase in coal imports as compared to the last 2 years. These may not go higher than the peak levels reached around end-2014. These had crossed 200 mt, the highest-ever.

But, yes, I feel, in the next 2 years, total thermal coal imports will be going towards the 2014-15 peak levels.

What makes you so hopeful that coal imports are headed northward, because there is governmental stress on use of domestic coal by the power plants?

Denne historien er fra November 2017-utgaven av Coal Insights.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra November 2017-utgaven av Coal Insights.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA COAL INSIGHTSSe alt
SCCL's coal production up 64% in Q1
Coal Insights

SCCL's coal production up 64% in Q1

Coal production by SCCL during Q1 FY22 stood at 15.57mt, 64% higher than 9.50 mt achieved in Q1 FY21.

time-read
2 mins  |
July 2021
The UK to end thermal coal use in October 2024
Coal Insights

The UK to end thermal coal use in October 2024

The deadline to phase out coal from Great Britain’s energy system has been brought forward by a year as part of the UK government’s decision to go further in driving down emissions and tackling climate change.

time-read
8 mins  |
July 2021
Coal handled by major ports up 38.5% in Q1
Coal Insights

Coal handled by major ports up 38.5% in Q1

The 12 major Indian ports handled 39.37 million tons (mt) of coal (thermal + coking) during April- June of FY22, up by 38.5 percent from 28.42 mt recorded in the corresponding quarter of FY21, according to data released by the Indian Ports Association (IPA).

time-read
1 min  |
July 2021
Cement sector sees demand revival
Coal Insights

Cement sector sees demand revival

Retail demand was under pressure during the first two months of FY22 with April and May production falling by 12 percent and 17 percent respectively month-on-month (m-o-m) as per Index of Industrial Production data.

time-read
3 mins  |
July 2021
Indian Railways' coal handling up 42% in Q1
Coal Insights

Indian Railways' coal handling up 42% in Q1

Indian Railways in April-June of FY22 transported 157.78 million tons (mt) of coal, up by 42.4 percent from 110.80 mt handled in corresponding quarter of FY21.

time-read
1 min  |
July 2021
CIL's coal production up 2.4% in Q1
Coal Insights

CIL's coal production up 2.4% in Q1

Coal India’s (CIL) coal production during April-June quarter (Q1) of FY22 was up by 2.4 percent to 124 million tons (mt) as compared to 121 mt achieved during the same quarter last fiscal (FY21), according to (provisional) data released by the company.

time-read
1 min  |
July 2021
Coal Insights

India's May coal imports up 20% y-o-y

Coal and coke imports in May 2021 were up 20.44 percent year-on-year (y-o-y), according to import data available with Coal Insights. Imports rose to 19.92 million tons (mt) from 16.54 mt during May of previous year.

time-read
1 min  |
July 2021
There is still a long way to go to squeeze coal out: BP
Coal Insights

There is still a long way to go to squeeze coal out: BP

There are worrying signs that last year’s Covid-induced dip in carbon emissions will be short lived as the world economy recovers and lockdowns are lifted, says Bernard Looney Chief Executive Officer of BP in the recently published Statistical Review of World Energy 2021 published by the company.

time-read
4 mins  |
July 2021
“Growing Infrastrcuture is a big opportunity for OTR Tires in India”
Coal Insights

“Growing Infrastrcuture is a big opportunity for OTR Tires in India”

India is now considered to be the largest market for Off-the-Road Tires (OTR) used in construction & mining industry. The opening up of the coal sector has provided further push to the potential usage of such tires. And Balkrishna Industries Ltd, a global player with diversified portfolio under the BKT brand across agriculture, industrial, construction, earthmoving, mining and port is set to seize the opportunity. Rajiv Poddar, Joint Managing Director, Balkrishna Industries Ltd., tells Arindam Bandyopadhyay of Coal Insights about the opportunities and outlook for the sector and the company.

time-read
6 mins  |
July 2021
SCCL's coal production up 69% in May
Coal Insights

SCCL's coal production up 69% in May

After putting up a dismal performance last year, Singareni Collieries Company Ltd (SCCL) has started the new fiscal on a high note. Coal production by SCCL in May 2021 surged to 5.44 million tons (mt), about 68.56 percent higher than 3.23 mt achieved in the same month last year, according to (provisional) data released by the company.

time-read
1 min  |
June 2021