New Delhi: India’s thermal coal purchases are expected to surge to a record this year and remain robust through the next decade as domestic supply lags demand, according to the country’s largest importer.
Overseas shipments will climb almost 11% to 184 million metric tons during the financial year started April 1, and rise further to average about 200 million annually through the following decade, according to Vinay Prakash, chief executive officer for coal and mining at Adani Enterprises Ltd. Generators designed to run on imported coal will keep fueling demand, while consumers close to the coast are also likely to favor imports due to the higher cost of railing domestic supply to their operations, he said in an interview.
