COAL IMPORTS DOWN 19% IN MAY

Coal imports down 19.2% to 16.38 million tonnes last month on the back of sufficient availability of domestic fuel. Imports in May last year stood at 20.29 million tonnes, according to mjunction services, an online procurement and sales platform jointly floated by SAIL and Tata Steel. According to mjunction services CEO & MD Viresh Oberoi, the import of non-coking coal was lower as most of the domestic coal-based power plants, particularly PSU power plants, had cut down significantly on their use of imported coal due to ample availability of domestic coal.