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

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?