Slow economy provided relief to domestic coal production, keeping market in balance in 2019: WoodMac
KOLKATA: UK-based research firm Wood Mackenzie (WoodMac) is of the view that Indian coal production will improve in 2020.
Principal analyst Pralabh Bhargava at WoodMac said: “Higher rainfalls not only resulted in lower coal generation but also hindered domestic coal production, however, we expect domestic production to improve in 2020.”
“In addition to a decline in coal-based power generation in H2 2019, cement and steel production were also down 1.8% and 0.3%,
