Coal prices to remain high in the monsoon quarter: ICRA
COAL & MINING

Coal prices to remain high in the monsoon quarter: ICRA

Prices of domestic coal will continue to remain high in the current quarter, given the supply challenges of the fuel during the monsoon, rating agency ICRA said last week.

The domestic e-auction premium on coal increased by over 400 per cent in May, adversely impacting the cost structure and margins base metal companies.

An ICRA statement said power costs had risen substantially for domestic base metal companies owing to lower availability of linkage coal to non-power sectors and elevated coal prices in both international and domestic markets.

Metal prices, it said, will remain under pressure in the near term owing to weakening global demand.

See also:
Uttar Pradesh to import coal for power
Indonesian Co lowest bidder in CIL coal import tender


Prices of domestic coal will continue to remain high in the current quarter, given the supply challenges of the fuel during the monsoon, rating agency ICRA said last week. The domestic e-auction premium on coal increased by over 400 per cent in May, adversely impacting the cost structure and margins base metal companies. An ICRA statement said power costs had risen substantially for domestic base metal companies owing to lower availability of linkage coal to non-power sectors and elevated coal prices in both international and domestic markets. Metal prices, it said, will remain under pressure in the near term owing to weakening global demand. See also: Uttar Pradesh to import coal for power Indonesian Co lowest bidder in CIL coal import tender

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement