Coal imports may rise to 62 mt in FY19 to meet power demand: India Ratings
"With the demand for power likely to remain healthy in the rest of FY19 and thermal capacity contributing to the required growth, coal availability becomes a key determinant. Considering the historical growth rate of domestic non-coking coal production and offtake, imported coal requirement will increase, as against FY18 when imported coal usage declined," Ind-Ra said in a statement issued here.
![Coal imports may rise to 62 mt in FY19 to meet power demand: India Ratings Coal imports may rise to 62 mt in FY19 to meet power demand: India Ratings](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/08/28/50556-coal-india-reuters.jpg?itok=F6Odlcf_&c=c5af8c0f92ccc8e249257bf0f1cb18e8)
According to the ratings agency, imported coal requirement is likely to increase to 62 million tonne this fiscal, Image source:Reuters