Gradual coal demand recovery amid high inventory to keep prices subdued in FY21: Ind-Ra

MUMBAI: Coal prices are likely to be subdued in the current financial year on the back of low power demand and piling inventory at power stations, India Ratings and Research (Ind-Ra) said in its first edition of credit news digest published on Monday.

Domestic coal production remained subdued for the third consecutive month in June. Accordingly, the coal offtake reduced but improved month-on-month with the gradual relaxation in COVID-19 lockdown norms.