Thursday, 21st July,
Indian coal industry, mainly dominated by the government sector, which is responsible for the major domestic coal production in the country, gained significant momentum during the past few years. . The industry has attracted various government concerns and investments in the past few years. Despite its huge resource base, India has not been able to minimize its coal deficit and it still depends on imports.
As per our findings, coal demand in the country is continuously rising from major coal consuming sectors including Power, Cement, and Steel. Moreover, with growing industry demand and the government support, coal demand is anticipated to grow at a CAGR of over 10% during 2011-12 and 2013-14. It is anticipated that the demand for thermal coal and coking coal by the power and steel sectors, will show a significant growth in near future.
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