India: Coal shipments at major ports rise 11% to 161 MT in FY19
Coal shipments handled by India’s 12 major ports saw a 10.81 percent rise to 161.34 million tonne (MT) in the previous financial year, according to ports’ body IPA.
These top ports under the control of the Centre had handled 145.59 MT of coal cargo in 2017-18.
Shipments of thermal or steam coal and coking coal rose 9 percent and 14.25 percent, respectively, during 2018-19.
The Indian Ports Association (IPA) said the major ports handled 103.84 MT of thermal or steam coal during the financial year, compared with 95.26 MT in the previous fiscal.
IPA in its latest report said the major ports handled shipments of 57.50 MT of coking coal during 2018-19, against 50.33 MT in the previous fiscal.
Thermal coal is the mainstay of the country’s energy programme as 70 percent of power generation is dependent on the dry fuel, while coking coal is used mainly for steel-making.
India is the third-largest producer of coal after China and the US and has 299 billion tonne of resources and 123 billion tonne of proven reserves, which may last for over 100 years.
Overall, these ports recorded 2.90 percent growth in total cargo handling at 699.04 MT in the previous financial year.
The growth at these ports, which had handled 679.37 MT cargo in 2017-18, was driven mainly by higher handling of coal, fertilisers and containers.
These ports had recorded 4.77 percent growth in 2017-18 over the previous fiscal.
The 12 major ports are Deendayal (erstwhile Kandla), Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar (earlier Ennore), Chidambaranar, Visakhapatnam, Paradip and Kolkata (including Haldia).
Increased demand from various sectors including coal, containers, fertilisers and POL (petroleum, oil and lubricant) was the main reason behind the growth in traffic, IPA said.