Why is India's coal demand expected to increase?

India's coal demand is expected to increase because of a strong recovery in electricity consumption, which rose by 6.3% in December and continued to increase in January due to a harsh winter and improved economic activities.

What is the outlook for India's coal sector?

The outlook for India's coal sector is positive, with a rebound in demand anticipated following a period of slowdown. This demand boost is primarily driven by increased electricity consumption.

When and where is the 19th Indian Coal Markets Conference?

The 19th Indian Coal Markets Conference, "Coalosseum: The Coal Battleground," will be held in Kolkata from February 24-25.

Home / Business and Economy / Coal Demand Surges on Power Consumption Rebound

Coal Demand Surges on Power Consumption Rebound

23 Feb

•

Summary

Power demand recovered significantly in December with 6.3% growth.
Harsh winter and economic activity boosted January power consumption.
Coal demand is expected to rise in the coming days due to power recovery.

Coal Demand Surges on Power Consumption Rebound

The Indian coal sector is experiencing a promising rebound in demand, driven by a significant increase in electricity consumption. Following a period of weak demand in the earlier months of the financial year, power consumption exhibited a strong recovery in December, registering a 6.3% growth. This positive momentum has been sustained into January, with power usage continuing to rise due to severe winter conditions and a general improvement in economic activities across the country.

This revival in power demand is expected to translate into a substantial boost for the coal sector in the coming days. After achieving a record one-billion-tonne production milestone, the industry had faced a surprise demand slowdown, prompting major firms to re-evaluate expansion plans amidst growing uncertainties. In response to these dynamics, mjunction services ltd is organizing the 19th Indian Coal Markets Conference, titled "Coalosseum: The Coal Battleground," scheduled for February 24-25 in Kolkata.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.