NEW DELHI: India's coal imports in January fell 21 per cent month-on-month as state-owned Coal India Ltd ramped up supply from new and existing mines, online trader mjunction said, a trend that is likely to continue this month.

Imports into the world's third-largest coal buyer is estimated to have risen 3 per cent to 15.79 million tonnes in January from a year earlier. Shipments were, however, much lower than the revised figure of 20 million tonnes for December, mjunction said.

Buoyed by retail participation in recent Coal India divestment programme through OFS, India’s leading bourse NSE on Wednesday said brokerages and investors need to keep adequate funds ready to buy shares in such issues as they are announced in a short notice.

The offer for sale (OFS) mechanism facilitates the promoters of listed companies to sell their existing shareholding through an exchange-based bidding platform.

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