Coal import for October came in flat at 16.65 million tonnes, underpinned by cautious buying of the fossil fuel by consumers due to high prices in the overseas market.
Coal import in August declined 24 per cent on a yearly basis as Indian buyers preferred not to buy any fresh fossil fuel and instead wait and watch ahead of an upcoming auction for the power sector.
Mjunction Appointed To Build A Platform For E-bidding, E-Evaluation Of Bids And E-allocation Of Oil & Gas Fields
mjunction services limited, one of the country’s largest e-commerce companies and a 50:50 joint venture between Steel Authority of India Ltd and Tata Steel, has been appointed by the Directorate General of Hydrocarbons (DGH) to build a platform for e-bidding, e-evaluation of bids, and e-allocation of oil and gas fields.
Coal imports declined by 21.7 percent to 14.31 million tonnes in January as the power utilities did not lift much fuel due to abundant stock available with them.
Coal imports fell by 25 per cent to 14.31 million tonnes in December, due to higher availability of domestic fuel.
The country had imported 19.15 million tonnes of coal in December 2015.