India: Coal covers the sector overview, generation performance in terms of coal generation, plant load factor, coal demand-supply position, consumption, and installed capacity, transmission and distribution, policy framework, regulatory environment . It also covers the recent policy initiatives, coal tariff, industry SWOT, and market outlook, plus the profile, and SWOT analysis of the industry leading players: Coal India Limited (CIL), Gujarat NRE Coke Ltd (GNCL), Gujarat Mineral Development Corporation Ltd (GMDC), Greenearth Resources and Projects Ltd, South Eastern Coalfields Limited (SECL), Neyveli Lignite Corporation Limited (NLC). http://www.bharatbook.com/detail.asp?id=218317&rt=India-Coal-Industry-1H11.html
Executive Summary :- industry analysis reports
• India has the fourth largest reserves of coal in the world (approx. 197 billion tonnes.).
• Coal requirement for the power utility will grow at a CAGR of around 10% during 2007-08 to 2011-12.
• Private coal washeries have rapidly increased the production of washed non-coking coal in India during 2002-03 to 2006-07.
• High coking coal demand by the Indian steel industry and low reserve base has boosted the import of coking coals.
• Coal demand from the Indian cement industry looks bright and it is expected that coal requirement by the industry will rise steadily from 2007-08 to 2011-12.
• Coking coal requirement in steel production is expected to touch over 85.34 Million Metric Tons in 2011-12.
• India’s coal derived energy about twice that of energy derived from oil, compared to the world, where energy derived
from coal is about 30% lower.
A resurging post-economic crisis growth and the increasing pressure on natural resources which pushes the prices of inputs and energy to record levels are two dominant themes of year 2010 global and local economies. The pressure on resources has been exacerbated further by natural disasters like the earthquake and tsunami in Japan, floods in Thailand and manmade political unrest gripping the whole of the Middle East and North Africa. The impact of these events has percolated into the Indian economy as well. As a result, Indian businesses have come under increasing cost pressures, even as they enjoy healthy growth.
Economic recovery, which had gained momentum in the first half of FY11, started showing signs of moderating in the second half. The biggest hindrance to growth momentum, however, has been high inflation. Inflation refuses to abate and has forced RBI to pursue monetary tightening measures even at the cost of growth. Rising energy prices and interest rates will continue to pose a challenge for businesses in the near future. Despite these short term challenges, the overall economic sentiment remains healthy and we expect a good growth rate for the next year as well.
Today, India is among the fastest growing economies in the world. Energy is one of the major inputs for the economic development of any country. In developing countries, the energy sector assumes a critical importance because of the huge investments required to meet them. Coal dominates the energy mix in India, contributing over 50% of the total primary energy production. Its expected dominance as the primary source of energy almost guarantees that there will be no dearth of markets for it in the 21st century.
India is presently the third largest coal producing country, after China and the United States. However, domestic production is not sufficient to meet its needs. Indonesia, Australia and South Africa are the key countries catering to India’s most import needs. There is also a trend of Indian companies acquiring overseas coal assets to ensure security of coal supplies.
Recent developments have been very positive for the Indian coal sector. CIL’s attempts at acquiring overseas coalfields will lead to greater coal security for the growing energy needs of the country. Fuel Supply Agreements (FSA) will remove the supply uncertainties faced by the coal consuming industries. Overall, the sector is on a positive track and is expected to remain so in the years to come though challenges remain, especially with regards to bottlenecks for captive coal mining, opening up the sector for full private participation and coal transportation infrastructure.
The phenomenal growth in demand for coal is attributable to India’s high economic growth.
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