- Thanks to a fall in prices of coal in the international market, the total import bill of the country for coal, for the fiscal 2009-10, witnessed a dip, even as the quantity imported increased, as compared to last fiscal.
- Statistics reveal that the quantity of imports has increased from 59.003 MT in 2008-09 to 73.25 MTs in 2009-10. At the same time, the outgo, in rupee terms, fell, from Rs 4164.08 crore, to Rs 3917.90 crore.
- Calculations affirm that the per unit price of coal imported also fell, from Rs 7,006.55 per tonne in 2008-09, to Rs 5,348.66 per tonne in 2009-10.
- Still, almost a 200% increase in the total import bill was seen over the period 2005-2010. A mere Rs 1,490.095 crore was spent in 2005-06, a figure that increased to Rs 1,668.86 crore and Rs 2,073.84 crore in 2006-07 and 2007-08, respectively. The import bill for coal reached a high of Rs 4,134.08 crore in 2008-09, corresponding to international prices.
Wednesday, September 29, 2010
Dip in international coal prices eases import bill in 2009-10
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