India’s coal sector likely to witness investment of Rs.1.25 trillion in 2024
COAL & MINING

India’s coal sector likely to witness investment of Rs.1.25 trillion in 2024

India has been pursuing decarbonisation and diversification strategies, particularly setting a target for reaching net zero emissions by 2070.

India’s coal sector investment is expected to grow by almost 10 per cent y-o-y to around $15 billion, or roughly Rs.1.25 trillion in the current calendar year as the country prepares to meet demand due to rising electricity consumption and expanding industrial base.

According to the International Energy Agency (IEA), investments in the coal sector by the world’s second-largest producer and consumer has been growing consistently since 2021 with the annual rate of growth in investments expected to double in 2024 compared to 2023.

The agency in its world energy investment report 2024 anticipates that efforts by the world’s third-largest energy consumer to ramp up coal production will fall short of meeting the demand for the critical commodity with reliance on imports increasing.

Aided by an expanding industrial and commercial base, India’s appetite for coal has risen substantially in the past decade

India has been pursuing decarbonisation and diversification strategies, particularly setting a target for reaching net zero emissions by 2070.India’s coal sector investment is expected to grow by almost 10 per cent y-o-y to around $15 billion, or roughly Rs.1.25 trillion in the current calendar year as the country prepares to meet demand due to rising electricity consumption and expanding industrial base.According to the International Energy Agency (IEA), investments in the coal sector by the world’s second-largest producer and consumer has been growing consistently since 2021 with the annual rate of growth in investments expected to double in 2024 compared to 2023.The agency in its world energy investment report 2024 anticipates that efforts by the world’s third-largest energy consumer to ramp up coal production will fall short of meeting the demand for the critical commodity with reliance on imports increasing.Aided by an expanding industrial and commercial base, India’s appetite for coal has risen substantially in the past decade

Related Stories

Gold Stories

Next Story
Real Estate

L&T Wins Mega Order for India’s Largest NVIDIA B300 AI Factory

Larsen & Toubro (L&T), through Vyoma.AI’s AI infrastructure subsidiary LTN Compute, has secured a mega order to develop what the company describes as India’s largest single-cluster AI infrastructure facility. The NVIDIA B300 AI Factory will support US-based AI cloud company Together AI’s platform for large-scale inference, fine-tuning and training workloads.The integrated AI Factory will be hosted at Vyoma.AI’s Chennai data centre campus and will have a capacity of 10,000 NVIDIA B300 GPUs. The platform will combine hyperscale data centre infrastructure, accelerated computing, h..

Next Story
Infrastructure Urban

Autodesk Elevates Nikhil Bagalkotkar to Lead AEC in India, SAARC

Autodesk has elevated Nikhil Bagalkotkar as Head – Architecture, Engineering and Construction (AEC), India and SAARC, with immediate effect.In his new role, Bagalkotkar will lead Autodesk's AEC business strategy across the region and drive adoption of the company's Design and Make platform. He will also focus on promoting digital design and construction technologies to help customers accelerate innovation and deliver more sustainable and resilient infrastructure.Bagalkotkar will be responsible for expanding Autodesk's AEC business, strengthening customer and partner engagement, and accelerat..

Next Story
Real Estate

Listed Developers' Pre-Sales Seen Rising 22.3 Per Cent in FY27

India's leading listed residential developers are expected to sustain strong sales momentum in FY27, with combined pre-sales of 11 major players projected to rise 22.3 per cent year-on-year, according to an analysis by ANAROCK Research & Advisory.Combined pre-sales of the developers are estimated to increase from Rs 1.49 trillion in FY26 to Rs 1.82 lakh crore in FY27. ANAROCK attributed the growth to sustained end-user demand, new project launches and strong execution despite higher property prices, construction costs and global uncertainties.Dr Prashant Thakur, Executive Director and Head..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement