Coal news and updates

Coal output on target to touch 1.5 billion tonnes by FY20: PWC

India, the third largest coal producer in the world after China and the US, is expected to reach a production level of 1.5 billion tonnes by FY20, finds a PWC report. 

India has witnessed a two-fold increase in its total raw coal consumption in the last 10 years. Coal is majorly consumed for electricity generation in India (about 64 percent), followed by steel (8 percent) and cement (5 percent) sectors. 

Coal production in India has seen a significant rise from FY10 to FY16, and the total domestic output is now at 626 million tonnes, of which 90 percent comes from public sector coal producers while the private sector contributes 10 percent. 

Import of coal has also seen a substantial increase at a rate of around 25 percent annually from 2011 till 2016, says the report. 

Source: Moneycontrol