India’s coal imports rose by 2.2 per cent to 111.20 million tonnes (MT) in the April-August period of FY 2024-25 compared to 108.81 million tonnes in the year-ago period. However, the non-regulated sector saw a 10.3 per cent drop during the April-August period as compared to the same period of last year. In value terms, the price of overall imported coal during April-August 2024-25 was Rs 120,532.21 crore, whereas the price of overall imported coal during the corresponding period last year (2023-24) was Rs 133,461.65 crore. These results in a saving of Rs 12,929.44 crore, which is a saving of around 9.69% in value terms compared to last year.
Despite a growth of 4.97 per cent in coal-based power generation from April to September 2024 compared to the same period last year, imports for blending purposes decreased to 9.79 MT compared to last year which was 10.70 MT indicating a decline of 8.5 per cent during the same period. This decline underscores India's steadfast commitment to achieving self-sufficiency in coal production and reducing reliance on imports.
The increase in coal import for the power sector is attributed to the import of coal by imported thermal power plants (designed to utilise imported coal only) i.e. 26.14 MT during this period, up from 17.07 MT, reaching a growth of 53.1 per cent in the corresponding timeframe last year.
Moreover, coal production during the April-September 2024 period demonstrated a commendable increase, reaching 453 MT compared to 428.21 MT in the same period of FY 2023-24, marking a growth of 5.79 per cent. This upward trend reflects the government’s ongoing efforts to streamline coal usage and enhance domestic production. The measures taken by the government to increase domestic coal output will ultimately reduce dependence on imports and contribute to the overall sustainability of India's energy landscape.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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