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Last Updated : Dec 12, 2018 05:04 PM IST | Source: PTI

Value of India's coal imports up 38% at Rs 1.38 lakh cr in FY18

"The value of India's coal imports have risen by 38.2 percent to Rs 1,38,477 crore in 2017-18. However, the quantity of coal imports has increased only by 9.1 percent from 190.95 MT to 208.27 MT," Coal and Railways Minister Piyush Goyal said in a written reply to the Lok Sabha.

Representative image
Representative image

India's coal imports rose by 38.2 percent to Rs 1,38,477 crore in monetary terms last fiscal, Parliament was informed on Wednesday. In quantity terms, the coal imports increased by 9.1 percent to 208.27 million tonnes (MT) from 190.95 MT.

"The value of India's coal imports have risen by 38.2 percent to Rs 1,38,477 crore in 2017-18. However, the quantity of coal imports has increased only by 9.1 percent from 190.95 MT to 208.27 MT," Coal and Railways Minister Piyush Goyal said in a written reply to the Lok Sabha.

He said upsurge in value of coal imports is primarily due to rise in international price leading to greater value increase as compared to absolute quantity increase in 2017-18.

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"India is deficient in coking coal and as such imports of coking coal are inevitable. In 2017-18 the value of imported coking coal grew by 44 percent, from Rs 41,230.06 crore to Rs 59,522.63 crore," Goyal said.

The minister said many thermal power stations are configured to use imported coal and as such imports by these are inevitable. During April-October 2018, these power plants have imported 22.27 MT of coal.

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First Published on Dec 12, 2018 04:50 pm
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