ResearchMoz | 2014 Performance Statistics of Coal in India

Coal is the most mined mineral in the world. With reserves up to 860 billion tones, it surely qualifies to be called as black gold. Coal has a great requirement in India, which is mainly used for generation of power, steel, cement and for other purposes. The requirement is expected to grow due to Indias hunger for power. The Coal production all over India during the period April 2012 to December 2012 has been 384.19 million tons (MT) as compared to 364.12 million tons (MT) during the corresponding period of the previous year showing a growth of 5.5%. The demand is expected to increase to 550 MT by the end of 2014.

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As a developing economy, India faces energy security as a growing challenge and the coal production is expected to grow at a CAGR of around 7% during 2011-12 to 2013-14. The Indian coal market is set to witness great boost in near future because of the rising government initiatives. Recently, allocation of coal blocks and stake sales in PSU are some of the major steps that were taken by the government to boost the production and investment in the coal industry.

As a prospering economy, India faces energy security as a growing challenge and the coal production is expected to grow at a CAGR of around 7% during 2011-12 to 2013-14. The Indian coal market is set to witness great boost in near future because of the rising government initiatives. Recently, allocation of coal blocks and stake sales in PSU are some of the major steps that were taken by the government to boost the production and investment in the coal industry.

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India has the fifth largest coal reserves in the world. Of the total reserves, nearly 88% are non-coking coal reserves, while tertiary coals reserves account for a meager 0.5 % and the balance is coking coal. The Indian coal is characterized by its high ash content (45%) and low sulphur content. The power sector is the largest consumer of coal followed by the iron and steel and cement segments.

Currently, the government enjoys a monopoly in producing coal with over 90% of the production coming from government-controlled mines. The policy for captive mining was introduced in 1993. This opened the coal sector to private investment, although no promising progress has been made in the captive coal blocks allotted by the government. Contentious issues, availability of geological data, land acquisition and R&R, environment clearances, mining lease, etc. are the primary reasons behind the dismal production.

Keeping above points in mind iData Insights in its premium capacity as a leading market research firm is coming up with a comprehensive data book on Indian Coal Sector titled Performance Statistics of Coal in India-2014. This report provides information about the production, financial performance of Coal India Limited and its subsidiaries. It also provides sector wise and thermal power projects wise dispatchs of Coal India Limited. It also provides the current importers of Coal to India. It also highlights the roadblocks faced by the Indian Coal Sector in meeting the humongous demand of India.

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