CoalMint’s stock report reveals that thermal coal stock at Gangavaram Port recorded an increase of 12% w-o-w to 1.93 million tonnes (mn t) in week 38 (12-19 Sept’21) amid new vessel arrivals due to domestic coal shortage.
Thermal coal stock of Adani Enterprise at the port rose by 48% w-o-w to 0.83 mn t last week, while that of BSP, Indian Coke, and Swiss Singapore remained largely unchanged at 1.10 mn t.
Owing to an acute coal shortage at power plants, and with the government prioritising coal supplies to the sector, demand for imported coal has risen especially from sponge iron units based in the eastern belt.
Gangavaram is of prime significance on the east coast as it is one of the largest and most accessible ports catering to sponge iron units in Chhattisgarh, Odisha and even Jharkhand.
Overall coal stock at Indian ports fall
Amid an improvement in portside sales of imported coal over the last few weeks, total thermal coal stock at various ports declined by 5% w-o-w to 12.3 mn t in week 38. However, a sharp fall was limited with new vessel arrivals, especially from Indonesia.
Thermal coal stock at Mundra Port recorded the highest decline of 24% w-o-w to 1.21 mn t last week amid a decline in the stockpile of Adani Enterprise (by 33% w-o-w) to 0.41 mn t, and Jindal Steel and Power to 0.21 mn t, down 16% w-o-w.
Companies having highest thermal coal stock in week 38
| Port | Week 37 | Week 38 | Difference (in %) |
| Adani Enterprise | 2.20 | 2.20 | Unchanged |
| Adani Power | 1.62 | 1.61 | -0.60 |
| Agarwal Coal | 0.67 | 0.60 | -10.48 |
| Essar Steel | 0.70 | 0.68 | -3.54 |
| Tata Steel | 0.37 | 0.37 | -0.75 |
*Quantity in mn t
Amongst various traders and end-users, thermal coal stock of Tata International recorded the highest increase of 27% w-o-w to 0.28 mn t.
Thermal coal inventory of end-users like India Coke and Power and JSW Steel recorded a fall of 0.23 mn t and 0.11 mn t respectively w-o-w.
Leave a Reply