India Inc to face significant cost inflation on high imported coal prices: ICRA
Prices of imported coal are poised to spike by 45-55% Q-o-Q in Q1 FY2023 as markets face supply disruption following the Russia-Ukraine conflict, ICRA said.
As per latest ICRA note on the coal sector, this will severely impact domestic users of imported coal since, notwithstanding some moderation from the all-time highs of March 2022, coal prices are expected to stay elevated throughout FY2023.
