COMMERCIAL PERSPECTIVE OF INDIAN COAL INDUSTRY: A DESCRIPTIVE ANALYSIS
DOI:
https://doi.org/10.62737/pgyyxy36Keywords:
Coal industry, Export, Import, Revenue and TradeAbstract
The paper discussed the financial performance and trade scenario of the coal industry in India. It has been found that India is traditionally a coal-producing country. India is a leading coal-producing and consuming country. Odisha, Chhattisgarh, Jharkhand, and Madhya Pradesh are the leading coal-producing states. Production of non-coking and coking coal has increased in the last ten years. Coil India Limited is the leading coal-producing company. Import and value of coking coal, non-coking coal, and coke & coal products are increasing continuously. India imports large quantities of coal due to the rising coal demand in the steel and power industries. Exports of non-coking and coking coal from India are not stable and declined in certain periods due to external factors. India exports coal to South Asian countries. Telangana, Jharkhand, Odisha, and Chhattisgarh are the highest royalty-receiving states from coal mining. The import quantity of non-coking and coking coal in India is higher than the export quantity. Therefore, the government should implement suitable policies for increasing the production of coal and reducing the dependence on imports of coal from other countries. It will increase the sustainability as well as the financial performance of coal-producing Indian companies.
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