The country’s coal demand, which had remained weak earlier in the current financial year, is poised for a boost in the coming days on the back of a sharp turnaround in electricity consumption, an industry expert said on Sunday.
Vinaya Varma, Managing Director of mjunction services ltd — a B2B e-commerce platform and joint venture of SAIL and Tata Steel — said after successive months of negative growth in October and November, power demand staged a strong recovery in December with a 6.3 per cent growth.
“The tempo has been maintained with power consumption continuing to rise in January as well, due to a harsh winter and general improvement in economic activities,” Varma said.
“This, we believe, will boost coal demand in the coming days,” he added.
The country’s coal sector, after hitting a record one-billion-tonne production milestone, is staring at a surprise demand slowdown, forcing major public firms and new commercial miners to rethink expansion plans amid rising …​The country’s coal demand, which had remained weak earlier in the current financial year, is poised for a boost in the coming days on the back of a sharp turnaround in electricity consumption, an industry expert said on Sunday.
Vinaya Varma, Managing Director of mjunction services ltd — a B2B e-commerce platform and joint venture of SAIL and Tata Steel — said after successive months of negative growth in October and November, power demand staged a strong recovery in December with a 6.3 per cent growth.
“The tempo has been maintained with power consumption continuing to rise in January as well, due to a harsh winter and general improvement in economic activities,” Varma said.
“This, we believe, will boost coal demand in the coming days,” he added.
The country’s coal sector, after hitting a record one-billion-tonne production milestone, is staring at a surprise demand slowdown, forcing major public firms and new commercial miners to rethink expansion plans amid rising … ​Latest News [ SOBAN NEWS: International and National ]
