COAL & MINES

Now coal demand expected to rise in festive season, say Ind-Ra

Coal demand is expected to pick up on a year-on-year basis as the end-user industries ramp-up capacity utilisations during the festive season, said India Ratings and Research (Ind-Ra) on Wednesday.

The ratings agency cited that coal demand is expected to rise as the end-user industries ramp-up their capacity utilisations to cater to improved demand for their products, gradually overcoming Covid-19 led disruptions.

“Coal supply is also expected to improve YoY, given the easing of mobility restrictions, receding inventory levels at power stations and the government’s continued focus on reducing coal imports, by entering into definitive agreements with end-users to substitute imported coal with domestic coal,” the ratings agency said in a release.

Source
ET Energy World
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