Date: 11/06/2024

Coal sector investment seen growing 10 pc in 2024

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 lakh crore, in the current calendar year as the country prepares to meet demand due to rising electricity consumption and an expanding industrial base, according to the International Energy Agency’s (IEA) World Energy Investment Report 2024. Investments in the coal sector by the world’s second largest producer and consumer have been growing consistently since 2021, with the annual rate of growth in investments expected to double in 2024 compared to 2023. The report anticipates that efforts by the world’s third largest energy consumer to ramp up coal production will fall short of meeting the demand, with reliance on imports increasing, as per a report.
Source: Exim News Service: New Delhi/Vienna, June 10