Monday, March 25, 2013

Coking Coal import drops during Apr-Feb period at Paradip port

Coking coal traffic at the Paradip port, one of the biggest coal handling port in the country, dropped 13.78 % in the April-February period to 4.52 million ton YoY basis. Coking coal traffic during the same period last year was 5.24 million tons. Since India completely depends upon import for its coking coal requirement, drop in port traffic directly implies to drop in coking coal import.

India's February coking coal imports drop almost 34% to 2.3 million tons in the month of February from 3.5 million tons in January 2013. Similarly the country's total coking coal imports remain flat at 25.97 million tons during the April-February period of the current financial year against the last financial year.

On the other hand, thermal coal traffic handled at the Paradip port in April-February period 2012-2013 increased by 28.84% to 19.12 million tons from 14.8 million tons in the same period in 2011-12. During this time  country's thermal coal traffic at various ports increased by 15.95 % to 53.06 million tons from 45.76 million tons YoY basis.

Although, Odisha is a significant thermal coal producer, power plants import low ash thermal coal from countries like Indonesia and Australia. India's thermal coal import is estimated to increase by 20% in the current financial year.

Reported by- Tapan Moharana