Global rating agency Fitch has said India’s dependency on imported coal may continue to decline as the government moves ahead on the path of self-sufficiency.
“We expect India’s thermal coal imports to continue to fall as the government maintains its push for self-sufficiency and as renewable energy output increases,” the global rating agency said.
“This is amid lower-than-expected demand because of reduced offtake from financially stressed power distribution companies and subdued industrial performance,” Fitch Ratings said.
In September, the import went up temporarily as generators stocked up the fossil fuel ahead of winter, it said.
Decline In Coal Imports May Continue Due To Domestic Production Push: Fitch added by Business-Standard.com on
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