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  Business   Companies  23 Jan 2020  Adani Power drives 21 pc jump in Indian utilities' coal imports in 2019

Adani Power drives 21 pc jump in Indian utilities' coal imports in 2019

REUTERS
Published : Jan 23, 2020, 9:33 am IST
Updated : Jan 23, 2020, 9:33 am IST

Imports rose to 69.51 million tonnes, the highest level since 2015, data from the Central Electricity Authority showed.

Utilities account for more than 75 per cent of India’s annual coal demand. (Representatuional Image)
 Utilities account for more than 75 per cent of India’s annual coal demand. (Representatuional Image)

New Delhi: Indian utilities’ coal imports jumped 21 per cent last year, rebounding after a three-year slide mainly due to increased purchases by an Adani Power plant in western India, government data showed on Wednesday.

Imports rose to 69.51 million tonnes, the highest level since 2015, data from the Central Electricity Authority showed. Utilities account for more than 75 per cent of India’s annual coal demand.

 

Adani’s “Ultra mega” power plant in Mundra, Gujarat, accounted for a quarter of the imports last year, with its shipments rising 75 per cent to 17.35 million tonnes.

Tags: adani power, revenue, coal import
Location: India, Delhi, New Delhi