The post By 22% in Jan India’s Coal import falls appeared first on Trade Genius.
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During January 2017 The coal imports of India fell by 22% and reached to 14.31 million tonne in compared to January 2016 figure was 18.28 million.The main reason for fall in demand is the discoms as in inventory they had enough coal.
In the coming months, reducing the dependency on imported coal the government has again planned. By replacing it with the locally produced coal, the centre and state power sector utilities are planning systematic reduction of use of imported coal.
In the fiscal year 2017, the monsoons were good and impacted the demand for thermal power in the country. This is the main reason for reduced demand from power utilities and state discoms.
To move toward renewable sources and reduce the dependency on thermal energy, the government has also planned. In coming months, this eco-friendly movement is the focus of the government and
In the month of December 2016, the non-cooking coal imports of January fell down when compared with the imports.
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