Thermal coal import likely to cross 200 MT in 2019-20
NEW DELHI: The country’s overall thermal coal import is likely to cross the 200-million tonnes (MT) mark in the current financial year, according to IcraNSE 1.39 %.
“Thermal coal imports expected to cross 200 MT in FY2020,” Icra said in a statement on Monday.
Coal India Ltd’s (CILNSE 0.60 %) production might fall short of its 2019-20 target of 660 million tonne (MT) by around 55-75 MT, Icra .
CIL registered a year-on-year (y-o-y) decline of 23.5 per cent in production in September, as operations were impacted by labour issues and flooding of key mines due to heavy rains.
In the first half of the current financial year, CIL’s coal production witnessed a fall of 6 per cent y-o-y, in stark contrast to the healthy production growth of 7 per cent achieved in 2018-19.
