Coal stock at key Indian ports has mounted to 14.6 MnT at the end of Week 52.
Major Indian ports hold about 2.6 MnT of Coking, 11.9 MnT Non-coking and 0.05 MnT Anthracite & Pet Coke collectively by the end of Week 52. This shows a growth of 2% as compared to the previous week.
SteelMint analyzed that coal inventory at ports has been increased from past consecutive weeks. Rising imports and lack of rakes are the major reasons behind this rise. In November, the country’s import was at its peak level of 22.3 MnT, which still continue in the current month. The country’s major issues like coal block de-allocation, increased domestic auction prices and reduced coal quantity in e-auction are the major factors that have increased imports in the country.
As per SteelMint’s analysis, the country has imported about 11 MnT coal in first half (till 15 Dec’14) of December.
Ports with Highest Stock
Paradip Port has the highest coal stock of about 3.5 MnT, followed by Vizag & Kandla Ports in terms of volume & stockpile of 2.5 MnT and 2.0 MnT respectively. While, Gangavaram Port has stocked about 1.6 MnT.
Major Coal Stock Holders
The big Steel giants namely Adani, SAIL and JSW Steel have the highest coal stock i.e. about 1 MnT, 0.82 MnT and 0.40 MnT respectively. JSW has stocked its total quantity at Mangalore, Krishnapatnam & Goa Ports. However, RINL has stocked about 0.40 MnT coal at Gangavaram Port.
The key ports are Dahej, Mormugao, New Mangalore, Hazira, Kandla, Bhavnagar, Tuticorin, Magdalla, Pipavav, Muldwarka, Gangavaram, Haldia, Krishnapatnam, Kakinada, Paradip and Vizag.
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