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India's coal demand recovered strongly in October

 Last Update: 2023-01-03
 Source: Internet
 Author: User

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India's coal demand will continue to grow year-on-year as end-user industrial activity gradually accelerates due to the normalization of power plant inventory levels, according to
Indian rating agency India Ratings.

Coal production continued to pick up strongly to 54.
5 million mt in October 2020, up 8.
7% from September and 20.
1%
from a year earlier, according to the monthly report.

This was due to a strong recovery in domestic electricity demand in October 2020, up 11.
4% year-on-year after six consecutive months of sluggishness, compared to 3.
8%
in September.

The increase in demand is also partly due to inventories
at power stations.
In addition, domestic coal production continued to increase to 50.
7 million mt in October 2020, up 15.
6% month-on-month and 13.
9%
year-on-year.

Coal production continued to pick up strongly to 54.
5 million mt in October 2020, up 8.
7% from September and 20.
1%
from a year earlier, according to the monthly report.

This was due to a strong recovery in domestic electricity demand in October 2020, up 11.
4% year-on-year after six consecutive months of sluggishness, compared to 3.
8%
in September.

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