Coal news and updates

Imported coal stocks rise at Paradip port

December 31: Total stocks of coking and steam coal at Paradip port on the eastern coast of India, as reported by the parties, rose on December 30 as compared to the scenario on December 15, a port official said.

Stocks of imported coal at the port rose to 1.620 million tons (mt) as on December 30 from 1.520 mt as on December 15.

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

Stocks of imported coal at the port stood at 1.274 mt on November 28.

Of the total stocks lying at the port as on December 30, 0.787 tons were steam coal and 0.833 tons, coking coal. On December 15, steam coal stocks stood at 0.850 mt and coking coal at 0.670 mt whereas on November 28, 0.718 tons were steam coal and 0.556 tons, coking coal.

Out of the total steam coal lying at the port on December 30, Adani had stocks of 130,000 tons, Bhatia, 95,000 tons and JSPL, 34,000 tons whereas on December 15, Adani had stocks of 100,000 tons, Bhatia, 95,000 tons and JSPL, 52,000 tons.

Out of the total stocks of coking coal as on December 30, SAIL had 186,000 tons, Tata Steel 80,000 tons and Visa had 58,000 tons whereas on December 15, SAIL had 104,000 tons, Tata Steel 19,000 tons and Visa, 28,000 tons.