Care Ratings: Coal imports to grow between 8% & 10%

Kolkata: Analysis firm Care RatingsNSE 0.17 % expects coal production to grow between 6% and 7% and imports to grow between 8% and 10% during 2019-20.

“Coal production would improve on account of miners focusing on surface mining of coal instead of underground mining which would also help them in containing costs and improve productivity. Imports of both steam and coking coal are expected to grow during the year as demand from power sector as well as power intensive industries like cement and metals is expected to sustain during the year,” Care Ratings said in a research report.