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India Gazette
20 hours ago
- Business
- India Gazette
Indian coal imports from Russia reach two year high
The growth was primarily driven by flexible pricing and the availability of high-quality coal from Russian exporters India increased its imports of Russian thermal coal to a two-year high of 1.3 million tons in May, business daily Kommersant reported on Friday. The growth was primarily driven by flexible pricing and high-quality coal from Russian exporters, the report said, adding that Russia now accounts for 7.5% of India's coal imports. India, which imported 9.8 million tons of Indonesian coal in May, is now looking to increase its imports of higher-grade Russian coal. The South Asian nation's total thermal coal imports rose by 10% in May to 17.4 million tons, the highest level since June 2024, Kommersant reported, citing data from BigMint. Favorable market conditions have prompted India to reduce its imports of lower-calorific-value Indonesian coal in favour of higher-grade Russian coal, which is offered at competitive prices, Nariman Taiketayev, Director of the Corporate Ratings Group at National Credit Ratings told the daily. Russian suppliers are also generally more amenable to flexible pricing and India's future demand for coal will depend on a combination of price dynamics and weather-related factors, he added. Evgeny Grachev, director of the Russian Centre for Price Indices, believes that Russian coal exporters most likely increased volumes of exports to India within the bounds of existing contracts.
India Gazette
20 hours ago
- Business
- India Gazette
Indian coal imports from Russia reach two year high Media
The growth was primarily driven by flexible pricing and the availability of high-quality coal from Russian exporters India increased its imports of Russian thermal coal to a two-year high of 1.3 million tons in May, business daily Kommersant reported on Friday. The growth was primarily driven by flexible pricing and high-quality coal from Russian exporters, the report said, adding that Russia now accounts for 7.5% of India's coal imports. India, which imported 9.8 million tons of Indonesian coal in May, is now looking to increase its imports of higher-grade Russian coal. The South Asian nation's total thermal coal imports rose by 10% in May to 17.4 million tons, the highest level since June 2024, Kommersant reported, citing data from BigMint. Favorable market conditions have prompted India to reduce its imports of lower-calorific-value Indonesian coal in favour of higher-grade Russian coal, which is offered at competitive prices, Nariman Taiketayev, Director of the Corporate Ratings Group at National Credit Ratings told the daily. Russian suppliers are also generally more amenable to flexible pricing and India's future demand for coal will depend on a combination of price dynamics and weather-related factors, he added. Evgeny Grachev, director of the Russian Centre for Price Indices, believes that Russian coal exporters most likely increased volumes of exports to India within the bounds of existing contracts. He told Kommersant that the early onset of the rainy season will increase hydropower generation in India and "put pressure on thermal generation and coal consumption." India, which is dependent on coal for 70% of its electricity needs, announced a record coal production of 1.04 billion tons in March. Coal Minister G. Kishan Reddy has said that production should reach about 1.53 billion tons by 2030. (
Russia Today
a day ago
- Business
- Russia Today
Indian coal imports from Russia reach two year high
India increased its imports of Russian thermal coal to a two-year high of 1.3 million tons in May, business daily Kommersant reported on Friday. The growth was primarily driven by flexible pricing and high-quality coal from Russian exporters, the report said, adding that Russia now accounts for 7.5% of India's coal imports. India, which imported 9.8 million tons of Indonesian coal in May, is now looking to increase its imports of higher-grade Russian coal. The South Asian nation's total thermal coal imports rose by 10% in May to 17.4 million tons, the highest level since June 2024, Kommersant reported, citing data from BigMint. Favorable market conditions have prompted India to reduce its imports of lower-calorific-value Indonesian coal in favour of higher-grade Russian coal, which is offered at competitive prices, Nariman Taiketayev, Director of the Corporate Ratings Group at National Credit Ratings told the daily. Russian suppliers are also generally more amenable to flexible pricing and India's future demand for coal will depend on a combination of price dynamics and weather-related factors, he added. Evgeny Grachev, director of the Russian Centre for Price Indices, believes that Russian coal exporters most likely increased volumes of exports to India within the bounds of existing contracts. He told Kommersant that the early onset of the rainy season will increase hydropower generation in India and 'put pressure on thermal generation and coal consumption.' India, which is dependent on coal for 70% of its electricity needs, announced a record coal production of 1.04 billion tons in March. Coal Minister G. Kishan Reddy has said that production should reach about 1.53 billion tons by 2030.
Time of India
a day ago
- Business
- Time of India
India's thermal coal intake from Russia hits 2-year high; flexible pricing, fuel quality boost volumes
This is an AI-generated image, used for representational purposes only. India's thermal coal imports from Russia surged 52 per cent in May 2025 over April, touching a two-year high of 1.3 million metric tonnes. This marks the first time since June 2023 that Russian monthly shipments to India crossed the 1-million-tonne mark, business daily Kommersant reported, citing data from the Russian Centre for Price Indices (CCI). Analysts cited by Kommersant say that Russian exporters leveraged competitive pricing strategies and offered higher-grade coal, making it a favourable alternative to Indonesian supplies. 'In India, the monsoon season began earlier this year, which means hydropower generation will put pressure on thermal generation and coal consumption,' said Evgeny Grachev, director of the RF Centre for Price Indices (CCI), according to news agency PTI. India's total thermal coal imports in May rose 10 per cent month-on-month to 17.4 million tonnes, the highest since June 2024, according to BigMint data cited in the Russian daily. Russia accounted for 7.5 per cent of India's coal imports, while Indonesia remained the top supplier with 9.8 million tonnes, up 16 per cent from April. Imports from South Africa held steady at 3.4 million tonnes, while those from the US jumped 43 per cent to 2 million tonnes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thị trường có dấu hiệu suy thoái không? IC Markets Đăng ký Undo Nariman Taiketayev of National Credit Ratings (NCR) said that Indian buyers are increasingly favouring high-calorific-value Russian coal due to its quality and cost competitiveness. However, a stronger rouble and geopolitical uncertainties, including tensions in the Gulf during the 12-day Israel-Iran war, could hinder Russian exporters, he cautioned. Despite this temporary spike in Russian coal, experts say a substantial rise in its long-term market share is unlikely, due to India's growing domestic coal production and expensive logistics involved in importing Russian coal. As per PTI, India's coal import dropped by 7.9 per cent to 243.62 million tonnes in FY25, saving $7.93 billion in foreign exchange. The sharpest drop came from thermal power plants, where blending-related imports fell by over 41 per cent, highlighting India's pivot toward energy self-reliance. In April 2025 alone, India imported 24.95 million tonnes of coal, a 4.4 per cent year-on-year decline, as per mjunction data. This coincided with a 3.6 per cent rise in domestic coal output to 81.57 million tonnes. Coal India Ltd, which accounts for over 80 per cent of domestic production, aims to increase output to 875 million tonnes in FY26. Despite this push for domestic supply, industry experts acknowledge that imports of high-grade thermal and coking coal will remain essential, especially for power, steel and cement sectors that depend on consistent quality and supply. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
