Sunday, May 22, 2022
HomeBreaking NewsCoal crisis hits India Inc

Coal crisis hits India Inc

Chennai: A severe coking coal shortage has hit Indian industry, pinching sectors like paper and pulp, cement, aluminium, engineering and steel. Supply disruption due to the war in Ukraine has led to a sharp increase in price of imported coal starving companies which run captive power plants. Others that are grid dependent are facing acute power shortages for the same reason. Sector experts and consultants say a combination of factors are responsible for this latest snag in the manufacturing sector. “Imported non-coking coal pricing (Indonesian variety) has seen a pricing surge of 160% y-o-y in fiscal 2022 and is […]

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments