Coal inventory at thermal power stations rose 88.6% y-o-y to 19.0 mt due to higher coal production and lower demand

Kolkata: In October 2019, all-India energy demand declined 13.2 per cent year-on-year for the third consecutive month to 98 billion units (BUs) on account of an extended monsoon and a fall in energy demand from industrial states such as Maharashtra (down 22.4 per cent y-o-y), Gujarat (down 18.8 per cent y-o-y) and Tamil Nadu (down 5.2 per cent y-o-y) due to the economic slowdown, rating agency, India Ratings and Research said in a statement.

According to the rating firm, All-India energy supply declined 13.0 per cent y-o-y in October 2019, resulting in a reduction in an energy deficit to 0.5 per cent against 0.7 per cent during October 2018.