Coal imports fall 8.5% in February amid high stockpiles, firm global prices

New Delhi: India's coal import dropped 8.5 per cent to 16.55 million tonnes in February on record stockpile of domestic coal and firmness in seaborne prices.

The country's coal import is poised to maintain a weak trend this month with domestic miners making efforts to liquidate stockpiles.

"A record high stockpile of domestic coal and firm seaborne prices resulted in a drop in thermal coal imports. With the domestic miners endeavouring to liquidate stocks, the weak trend in imports is expected to continue during the current month," mjunction MD & CEO Vinaya Varma said.

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