Coal Demand Boosting Coal Imports of Coal in India

Coal imports anticipated to reach 121 Million Metric Tons by 2013-14, acknowledged RNCOS in its latest research report.

NOIDA, India (prHWY.com) May 21, 2012 - A new research report by RNCOS, "Indian Coal Industry Forecast to 2013", says that coal powers more than half of India's electricity plants and demand for this commodity is expected to rise sharply as the one of the largest Asian economy is expanding rapidly. With the growing capacity of steel production, requirement of coking coal is booming in the country. Lack of availability of coking coal in the country forces the steel producers to opt for imports to fulfill the demand.Therefore, the coal imports are anticipated to reach 121 Million Metric Tons in 2013-14.

Coking coal, which is mainly consumed by steel industry is imported from Australia, whereas non-coking coal consumed by power and cement plants is imported from Indonesia and South Africa. However, non-coking coal accounts for the major share in overall coal production in the country. Non-coking coal produced in India is mainly of Grade E, F, and G types that contain high moisture content.

During our study, we also observed that the Indian coal industry is set to witness a stupendous boost in near future, backed by strong government support and rising mergers and acquisitions of coal mines in overseas market. The presence of vast opportunities in coal washeries is also encouraging players to infuse money in them.

Our report, provides indepth analysis on key players of the industry, which will enable clients to understand the market share and growth prospects. Besides, it provides intensive details about the current trends prevailing in the industry and future growth potential. It also covers the pricing mechanism of coal and the distribution model of the coal industry. Additionally, the report presents industry forecast based on correlation of past drivers, challenges, and opportunities for expansion. In this way, it provides a comprehensive and coherent analysis of the Indian Coal Industry that will certainly prove decisive for clients.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM280.htm

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About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: india coal supply

Categories: Energy

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