India’s November Coal Imports Rose 10%, Shipping Data Show

Jan 08, 2014 1:24 am ET

Jan. 8 (Bloomberg) -- Coal imports by India, the world’s third-largest user of the fuel, grew 10 percent in November, shipping data show.

Adani Enterprises Ltd., Tata Group, JSW Group and Steel Authority of India Ltd. were among companies that received 12.76 million metric tons of coal last month, compared with 11.6 million a year earlier, according to New Delhi-based shipper Interocean Group.

India received 9.05 million tons of steam coal and 3.71 million of coking coal through 22 of the 28 ports, data show.

The western port of Mundra, operated by Adani Group, India’s biggest importer of the fuel, received the most at 2.48 million tons, according to Interocean. The eastern ports of Paradip, Krishnapatnam, Gangavaram and Visakhapatnam got 1.4 million tons, 1.21 million tons, 820,599 tons and 710,539 tons respectively, the data show.

Power-station coal at Australia’s port of Newcastle, the Asian benchmark price, climbed 3.5 percent in November to $83.35 a ton, according to data from IHS McCloskey.

--Editors: Pratish Narayanan, Ramsey Al-Rikabi