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India coal imports surge 40% YOY in November

India's coal imports increased 40% year over year to 19.2 million tonnes in November as utilities stocked up for winter.

The growth was largely due to a 4.2 million-tonne rise in thermal coal, the Economic Times reported Dec. 10, citing data from procurement and sales platform mjunction.

"The demand for winter restocking and the low coal stock position at power plants led to the high volumes in non-coking coal import," mjunction CEO Vinaya Varma said in the report. "Also, the uptrend in coking coal prices coupled with supply concerns saw the buyers taking fresh positions in that market."

November's total dipped slightly from the 19.8 tonnes imported in October.