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Thermal coal demand to cool off

Coal imports into the country are unlikely to rise, thanks to a surge in domestic coal production, but the demand for coal from new thermal power plants is likely to taper off after five years and leave some coal mining assets stranded, according to a report released on Thursday by S&P Global Platts.“A rapid expansion in domestic production has seen Indian thermal coal imports peak. Targets for boosting output remain ambitious, but are likely to be sufficiently successful to further reduce the country’s dependence on imported coal,” the report on the impact of the government’s ‘Make in India’ program on commodities and energy sectors noted.“India is no longer the dynamic coal import market of yesteryear. Domestic production will continue to.....

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