Coal demand to remain sluggish in current fiscal year: mjunction

Coal demand before the festive period was subdued due to an extended monsoon, and the overall demand scenario is likely to remain sluggish in the current fiscal year, according to B2B e-commerce solution provider mjunction services.

From a mid-to-long term perspective, however, coal demand is expected to keep growing, albeit at a slower rate, in view of the strong pipeline of thermal power projects being planned and announced.