Coal news and updates

Imported coal stocks rise at Paradip port

November 28: The total stocks of coking and steam coal at Paradip port on the eastern coast of India, as reported by the parties, have increased on November 28 as compared to the scenario on November 15, a port official said.

Stocks of imported coal at the port rose to 1.274 million tons (mt) as on November 28 from 1.249 mt as on November 15.

Incidentally, stocks of imported coal at the port had been falling gradually from the beginning of August as lesser number of consignments were coming in since traders had reduced their purchases due to a sharp depreciation in the Indian rupee versus the US dollar since the middle of June this year which has somewhat stabilised since the beginning of October.

Stocks of imported coal at the port, which stood at 1.30 mt on November 1, fell to 1.25 mt on November 8.

Of the total stocks lying at the port as on November 28, 0.718 tons were steam coal and 0.556 tons, coking coal. On November 15, steam coal stocks stood at 0.715 mt and coking coal at 0.534 mt whereas on November 1, 0.813 tons were of steam coal and 0.487 tons of coking coal.

Out of the total steam coal lying at the port on November 28, Adani had stocks of 32,000 tons, Bhatia, 95,000 tons and JSPL, 55,000 tons whereas on November 15, Adani had stocks of 30,000 tons, Bhatia, 95,000 tons and JSPL, 55,000 tons.

Out of the total stocks of coking coal as on November 28, SAIL had 126,000 tons, Tata Steel 19,000 tons and Visa had 61,000 tons whereas on November 15, SAIL had 102,000 tons, Tata Steel 21,000 tons and Visa, 21,000 tons.