Coal news and updates

Mundra Port sees rise in imported coal handling from Q3

September 12:  Coal imports through Mundra Port, flagship of Adani Ports and SEZ, is likely to pick up post-Diwali, or from the October-December quarter of 2014-15, a senior official from the port told ICMW.

“At present, demand for imported coal is average. But I feel sentiment will improve and there will be higher demand for imported coal after the festive season. There will be a gradual growth of 2-3% immediately after the festive season which might reach a peak of 10% later,” he said.

He said that non-availability of domestic coal will be one of the major reasons for boosting demand for imported coal.

According to data available with ICMW, coal imports through Mundra Port stood at 633,600 tons in the second week of September against 800,780 tons in the first week of the month while imported coal stocks at the port fell slightly to 0.930 mt in the week ended September 12 against 0.969 mt in the previous week.