Coal India's sales rise amid gas supply crunch
market hours1 source ↓written by the desknot a recommendation
- sales increased
- 0.7%
- in March
- 69.5 million tons
- drop in output
- 1.5%
- in output
- 84.5 million tons
- of India's coal
- 80%
Coal India's sales increased by 0.7% to 69.5 million tons in March, marking its first rise in six months. This uptick comes as gas supply shortages due to geopolitical tensions push consumers back to coal. Despite a 1.5% drop in output to 84.5 million tons, the company is ramping up stocks ahead of peak summer demand. ⚡
The state-run firm, accounting for over 80% of India's coal production, is seeing higher inventory levels at power plants, which may keep import demand subdued during the summer season.
Not investment advice. For informational purposes only.