Coal Industry Update: CARE Ratings 
Miners push a wagon of coal outside a mine. (Photographer: Nicolo Filippo Rosso/Bloomberg)  

Coal Industry Update: CARE Ratings 

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Research Report

Domestic coal production in February 2021 fell by 6.1% from a year earlier to 67.5 million tonne, logging second straight month of YoY fall.

The fall in output in February 2021 was mainly due to high base effect (12% YoY growth in February 2020) as well as high level of coal Inventories with both coal producers and power plants.

Inventory with Coal India Ltd. stood at around 77.8 million tonne as on February end, up from 66.8 million tonne at the end of January 2021.

Coking coal imports continue to remain strong due to healthy demand from the steel sector.

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CARE Ratings Update on Coal Industry.pdf

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