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Adani Power Drives 21% Jump In Indian Utilities' Coal Imports In 2019

Imports rose to 69.51 million tonnes, the highest level since 2015, data from the Central Electricity Authority showed.

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Indian utilities’ coal imports jumped 21 per cent last year, rebounding after a three-year slide mainly due to increased purchases by an Adani Power plant in western India, government data showed on Wednesday.

Imports rose to 69.51 million tonnes, the highest level since 2015, data from the Central Electricity Authority showed. Utilities account for more than 75 per cent of India’s annual coal demand.

Adani’s “Ultra mega” power plant in Mundra, Gujarat, accounted for a quarter of the imports last year, with its shipments rising 75 per cent to 17.35 million tonnes.

(Reuters)