Chennai: A severe coking coal shortage has hit Indian industry, pinching sectors like paper and pulp, cement, aluminium, engineering and steel. Supply disruption due to the war in Ukraine has led to a sharp increase in price of imported coal starving companies which run captive power plants.
\nOthers that are grid dependent are facing acute power shortages for the same reason. Sector experts and consultants say a combination of factors are responsible for this latest snag in the manufacturing sector. \u201cImported non-coking coal pricing (Indonesian variety) has seen a pricing surge of 160% y-o-y in fiscal 2022 and is expected to see a further 7% y-o-y growth over the high base in fiscal 2023,\u201d said Hetal Gandhi, director, Crisil Research.
\nWhile better industrial activity and an overall economic rebound is driving demand sentiment, supply side constraints and the Russian-Ukrainian conflict have had an impact on imported coal supplies. <\/p>\n","protected":false},"excerpt":{"rendered":"
Chennai: A severe coking coal shortage has hit Indian industry, pinching sectors like paper and pulp, cement, aluminium, engineering and steel. Supply disruption due to the war in Ukraine has led to a sharp increase in price of imported coal starving companies which run captive power plants. Others that are grid dependent are facing acute power shortages for the same reason. Sector experts and consultants say a combination of factors are responsible for this latest snag in the manufacturing sector. \u201cImported non-coking coal pricing (Indonesian variety) has seen a pricing surge of 160% y-o-y in fiscal 2022 and is expected […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222,130,137],"tags":[],"class_list":["post-485554","post","type-post","status-publish","format-standard","hentry","category-coal-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/485554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=485554"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/485554\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=485554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=485554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=485554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}