Coal India (Coal India) is a major exporter of coal, with around $4 billion in sales in 2017.
The company had an annual turnover of $1.8 billion in the 2016-17 financial year, which saw a $400 million drop in revenue.
The coal sector in India is highly dependent on imports from neighbouring countries.
India is one of the top exporters of coal in the world.
According to the World Coal Association (WCA), India is one the top three coal producing countries in the region.
Coal production is one-third of India’s total demand.
In the past five years, coal exports from India to China and Russia have declined, while the country has also seen a slowdown in export growth.
India’s coal imports have also fallen dramatically.
In 2017, coal imports from China dropped to $2.9 billion, while those from Russia fell to $4.7 billion.
With coal declining in price, India is looking to diversify its energy mix.
“India has been importing coal for some time now.
In the past, the Indian government was trying to diversification through imports.
But this time, the coal situation has become critical.
India is importing coal to fuel power plants, and that will have a major impact on the energy security of the country,” says Ashish Bhatia, CEO, Coal India.
Bhatia added that coal exports will have to be diversified.
COPIN is a non-profit organisation dedicated to improving the lives of people in the coal sector through promoting the use of renewable energy, encouraging local industries to invest in renewable energy projects and supporting research and development.
What you need now: Coal and coal power source The Financial Times article The world’s largest coal producer, China is also struggling to find a way to diversiate its coal supply.
According to the WCA, China has imported almost $4 trillion worth of coal over the past three decades.
Since 2000, the country’s coal consumption has declined by an average of 1.3 million tonnes a year, while coal production has grown by almost 15 per cent a year.
Last year, China imported 5.5 billion tonnes of coal from neighbouring India, the third-largest market after the US and India.
The US imports more than 4.2 billion tonnes a month, while India imports about 4.5 million tonnes.
Despite the decline in demand from China, India’s demand for coal remains high.
At present, the global coal demand for 2017 is expected to reach 4.6 billion tonnes, with an annual growth rate of 5.1 per cent.
While India’s share in the global demand is rising, its share in world coal consumption is declining.
China’s coal exports have declined from 9.2 million tonnes in 2017 to 4.4 million tonnes this year, according to the International Energy Agency (IEA).
“While China has a huge potential for coal in terms of economic growth, the government has been slow to invest, and there is no clear plan to do so.
There is a huge demand from the US, and India is a big exporter there as well,” said S.V. Subramanian, director of coal and gas studies at consultancy Wood Mackenzie.
But while the Chinese government is not yet investing in the sector, the market for coal is still strong.
A lot of people are in the market.
It’s going to be a very competitive market,” said Bhati.