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There was reduction in coal imports due to ample domestic supply and a slowdown in demand after the festive season in October, mjunction MD and CEO Vinaya Varma said.
Coal imports in India increased by 11.7% to 20.95 Million Tonnes (MT) in November compared to the same period last year, according to data from B2B e-commerce company mjunction services. However, overall coal imports for the April-November period of the current financial year decreased to 169.08 MT from 173.47 MT in the previous year. The reduction in coal imports can be attributed to sufficient domestic supply and a slowdown in demand after the festive season in October, explained Vinaya Varma, MD and CEO of mjunction.