According to data from Interocean Group of Companies, Indian companies led by Adani Enterprises Limited, Bhatia International Limited and JSW Energy Limited increased coal imports by 8% MoM in July 2011 from a month earlier.
The New Delhi based ship broker said that power, steel, cement and paper producers purchased 10.8 million tonnes of steam and coking coal last month via 30 Indian ports.
Mr Sriprakash Jaiswal coal minister said that India's domestic coal production may fall short of demand by 142 million tonnes in the financial year ending March 2012. The nation produces 530 million tonnes of coal a year and imports about 67 million tonnes.
Interocean data showed that Paradip port on the east coast received the most coal shipments in July 2011, totaling 1.52 million tonnes. Visakhapatnam, Gangavaram and Krishnapatnam, all on the east coast, received 978,221 tonnes, 877,882 tonnes and 755,438 tonnes of the fuel, respectively.
The monsoon from June to September 2011 can slow coal imports on the west coast and divert shipments to ports in the east.
Most imports came from Indonesia, Australia and South Africa. State-owned Steel Authority of India Limited bought two shipments while Rashtriya Ispat Nigam Limited and Shree Cement Limited received one shipment each from the US.
(sourced Bloomberg)
The New Delhi based ship broker said that power, steel, cement and paper producers purchased 10.8 million tonnes of steam and coking coal last month via 30 Indian ports.
Mr Sriprakash Jaiswal coal minister said that India's domestic coal production may fall short of demand by 142 million tonnes in the financial year ending March 2012. The nation produces 530 million tonnes of coal a year and imports about 67 million tonnes.
Interocean data showed that Paradip port on the east coast received the most coal shipments in July 2011, totaling 1.52 million tonnes. Visakhapatnam, Gangavaram and Krishnapatnam, all on the east coast, received 978,221 tonnes, 877,882 tonnes and 755,438 tonnes of the fuel, respectively.
The monsoon from June to September 2011 can slow coal imports on the west coast and divert shipments to ports in the east.
Most imports came from Indonesia, Australia and South Africa. State-owned Steel Authority of India Limited bought two shipments while Rashtriya Ispat Nigam Limited and Shree Cement Limited received one shipment each from the US.
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