National coal index dips 3.48% as coal production sees double-digit growth

 The NCI, which aggregates coal prices from various sales channels such as notified prices, auction prices, and import prices, reflects transactions across coking and non-coking coal in both regulated sectors like power and fertilizer and non-regulated sectors.

New Delhi: The National Coal Index (NCI) recorded a 3.48% drop in June 2024, standing at 142.13 points compared to 147.25 points in the same month last year, the ministry of coal said in a statement. This decline is indicative of a robust coal supply in the market, meeting the increasing demands of the nation.

The NCI, which aggregates coal prices from various sales channels such as notified prices, auction prices, and import prices, reflects transactions across coking and non-coking coal in both regulated sectors like power and fertilizer and non-regulated sectors. It serves as a crucial barometer of market dynamics, illustrating price fluctuations since its establishment in the fiscal year 2017-18.
This period also saw a notable increase in coal production, with a growth rate of 14.58% compared to June last year. This surge in production is ensuring a stable supply of coal to various industries reliant on this critical resource, enhancing the overall energy security of the country.