Also, the first five months of the current fiscal saw 32.51 per cent decline in coal import at 73.08 MT, over 108.29 MT during the year-ago period, it said.
"Although there has been a modest recovery in coal-consuming sectors such as power and cement, coal stock continues to be ample and hence import demand subdued. If we go by the current trend, coal imports may see a significant decline this year," it said.
Of the total imports in August, non-coking coal's shipment was at 8.87 MT and coking coal at 2.18 MT.
Coal India (CIL), which accounts for over 80 per cent of domestic coal output, has been mandated by the government to replace at least 100 million tonnes of imports with domestically-produced coal in the ongoing fiscal.
To boost coal demand, the government has announced a slew of measures like increased supply for linkage consumers.
The Centre had also announced several relief measures for CIL consumers, including the power sector.
The country imported 247.1 MT of coal in 2019-20, about five per cent higher than 235.35 MT imported during 2018-19.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.