Surging production and supplies by world's largest miner Coal India have pushed stockpiles at power plants to record highs of over 43 million metric tonnes.
Domestic coal production and supply rise, leading to a 40% dip in coal imports for blending at power plants. Despite a 10% increase in thermal generation, the April-Dec period of 2023 saw a decline in coal import for blending. The country s domestic coal-based generation also rose by 7%. The government aims to meet future coal demand for power generation from domestic sources.
India Business News: Coal import for blending at power plants declined by over 40% in April-December 2023 despite a 10% increase in thermal generation. Domestic coal-based
Crisil projects capital expenditure to amount to ₹55,000-60,000 crore per year, nearly double the average annual spending over the previous five fiscal years
Reshoring is currently a hot topic, but this could quickly change with supply chains normalizing and a recession potentially on the horizon. Click here to learn more.