Bloomberg News

India Coal Imports Rise 31% to 12.98 Million Tons Coal in August

September 26, 2012

Power producers and steelmakers in India, the world’s third-largest coal consumer, imported 31 percent more of the fuel in August compared with last year, according to shipping data received by Bloomberg News.

Adani Enterprises Ltd. (ADE), Bhatia International Ltd., Tata Power Co. (TPWR) and Steel Authority of India Ltd. were among the buyers of 12.98 million metric tons of coal at 21 of 27 ports listed by Interocean, a New Delhi-based ship broker. The shipments comprised 9.98 million tons of steam coal and 3 million tons of coking coal, the data show. Total overseas purchases were 9.9 million tons in August 2011.

Mundra port on the west coast, operated by the Adani Group, received 2.79 million tons, the highest volume. Krishnapatnam, Paradip and Visakhapatnam on the east coast imported 1.47 million tons, 1.29 million tons and 931,850 tons, respectively, the report showed.

The imports included 7.28 million tons from Indonesia, 2.65 million from Australia, 1.63 million from South Africa and 452,101 tons from the U.S. Companies also bought consignments from New Zealand, Russia, Mozambique and Columbia, according to the data.

Power-station coal at Australia’s Newcastle port, an Asian benchmark price, fell 0.1 percent in the week ended Sept. 21 to $87.35 a ton, according to data from IHS McCloskey.

To contact the reporter on this story: Archana Chaudhary in New Delhi at achaudhary2@bloomberg.net

To contact the editor responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net


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