Coal (Koyla) prices & demand surges in India
High electricity demand during non-solar hours, monsoon disruptions, and elevated cooling and irrigation needs are driving coal shortages and price hikes.
High electricity demand during non-solar hours, monsoon disruptions, and elevated cooling and irrigation needs are driving coal shortages and price hikes. Thermal power plant stockpiles have reduced by 34.4 million tonnes since the start of the fiscal year. To fill this gap, companies like NTPC are planning to buy coal from commercial miners. This follows a September surge where power consumption increased 11.35% year-on-year to 162 billion units, with peak demand reaching over 269 GW. Ultimately, this shift will impact downstream industries that rely on coal for production, such as cement and steel. Jharkhand Private Miners - Hindalco Industries Ltd secured the Chakla coal mine in the Latehar district. - South West Pinnacle Exploration Limited operates the Jogeshwar & KhasJogeshwar block. - Shreesatya Mines Private Limited won bids for the Rauta Closed Mine and the Burakhap Small Patch. - Rungta Sons Private Limited holds the Seregarha and Vijay Central coal mines. - Jharkhand Exploration and Mining Corporation Limited won the Jawardaha North block.
7 October 2026
