India's non-coking coal imports drop marginally in CY'24

Imports reach around 173 mnt as against 175 mnt in CY'23. Surge in domestic output, higher auctioned volumes weigh on imports. Imports from South Africa up 15% y-o-y on higher DRI production.

Morning Brief: India's imports of non-coking coal, used in thermal power generation and also in the industrial sector, declined 1.3% y-o-y in CY'24, as per latest data available with BigMint. Imports of non-coking coal stood at around 173 million tonnes (mnt) in CY'24 as against over 175 mnt in the preceding