>> In a startling revelation, the World Bank has said that prices of energy commodities, crude oil and natural gas; including coal, are expected to rise by around 20% in 2018. The rise in the prices will be the consequences of demand picking up, according to the bank.
>>India, alongwith China, will continue to remain as global hotspots to drive Coking Coal demand in the future. In the Indian context, the coal demand will grow out of the increasing steel production. Imports of the coal will rise as India is deficit in indigenous Coking Coal supply.
India is racing ahead to become the second largest steel producer in the world by the end of this year.
>> The Adani Group is all set to build a 1,600 MW coal-fired power plant at Godda in the Jharkhand state. Interestingly, the venue for setting up the power plant is surrounded by some of the most productive coal mines.
The power to be produced by the plant will be transmitted to Bangladesh.
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