India’s import of coal is likely to edge higher in the first half of the current fiscal due to likely lower generation of hydropower amid lower water levels in the reservoirs, S&P Global Commodity Insights said on Tuesday. This is despite the government’s efforts to ramp up coal production which is expected to touch 1.08 billion tonnes in the current fiscal year.
“The first half of 2024 could potentially show stronger coal imports than the second half amid a likely lower hydropower…
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