Coal news and updates

KPCL’s coal imports in December up manifold m-o-m

Imports of steam coal by power utility Karnataka Power Corporation Limited (KPCL) in December stood at 29,000 tons compared a mere 4,000 tons in November 2015, according to provisional data available with ICMW.

The actual imports in December were only 35% of the target of 83,000 tons.

Imports of steam coal by KPCL during the first nine months (April-December) of 2015-16 stood at only 294,000 tons, down 67% compared with 860,000 tons imported during the same period of 2014-15.

The import target for the utility for the first nine months of 2015-16 was 750,000 tons, which means the materialisation for the period was 39%.

The original import target for the year was 2.0 mt, but it was revised to 1.0 mt in July following increased availability of domestic coal.

The following chart provides the monthly break-up of coal imports by KPCL in 2015-16, 2014-15 and 2013-14 (provisional and in ‘000 tons):

Source: ICMW