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India to maintain its level of thermal coal imports: Fitch

Press Trust of India  |  New Delhi 

is expected to maintain the current level of thermal imports as the country's power demand is likely to increase, said a report by Ratings on Monday.

Growth in may not be able to keep pace, it said.

"expects to maintain its level of thermal imports," the rating agency said.

Domestic output of dry fuel and logistics bottlenecks in transportation will also affect supply of coal to the market, it said.

"Indian coal imports increased by about two per cent y-o-y (year-on-year) in the nine months to March 2019," it added.

"India's thermal power plant utilisation increased...in 2H18, driven by and lower capacity addition," it said.

led the growth in thermal electricity generation, it said adding that the utilisation of the central government-owned and private sector plants increased slightly.

said it expects to account for a larger portion of India's in the medium term, and to put pressure on thermal plant utilisation.

imported 164.21 million tonne of non-coking coal in 2018-19 as against 144.99 million tonne in 2017-18, according to mjunction services, a business-to-business company that also publishes research reports on coal and Non-coking coal is mainly used as thermal coal or power general.

India's coal import increased to 233.56 million tonne (MT) in 2018-19 as compared with 214.61 MT imported in 2017-18, according to mjunction services.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 03 2019. 17:10 IST
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