Coal Market In India 2013

Coal is the most important & abundant fossil fuel in India. It accounts for 55% of the County Energy need. The Countries Industrial heritage was would upon indigenous business coal. The increasing demand of India for energy for sustaining the economic growth will have to be met by a combination of renewable, nuclear and conventional sources of energy. Coal along with clean technologies forms an important role in India’s increasing energy demand. To provide energy security to the country, guaranteed supply of coal with Better quality is a primary requirement. Even under the least coal dependence scenario, coal is expected to contribute 41% of the total preliminary energy demand in 2032 and about 40% of the total installed capacity in power in the country. Coal as an input in the manufacturing process of steel, cement, fertilizer and other industries. Ministry of Coal has planned to increase the coal production by an average of 36 million tons per annum in the 12th five year plan. We estimate that coal production will grow at a CAGR of around 9% during 2011-12 to 2013-14. It is also anticipated that the demand for thermal coal and coking coal by power and steel sectors, respectively, will gain momentum in near future. The size of Indian coal industry was estimated at INR 800 billion by the end of fiscal year 2012

A Draft made by Ministry of Coal on PPP in form of Mining, Operation and Development agreement for exploring coal by private players in association with CIL for increase in Production and evolving new technologies though private sector in 12th Five year plan. Cement is essential for future infrastructural growth. The industry, which produces 358 million tonnes of cement annually, requires 50 million tonnes of coal as a raw material stock every year. However, in 2011, it received only 10.63 million tonnes - 23% of its actual requirement - from CIL and its subsidiaries.

*Data Source From Ministry of Coal, Research Organizations

Objectives

The objective of the 3 Annual Conference on “Coal Market in India-2013” is to provide a common platform for stakeholders, private players & policy makers in the coal sector for an effective Solution to the industry by enhanced coal production and procurement needed for the growing demand of the economy. Accordingly issues relating to adaptation of latest mining technology, imported coal, increased domestic coal production, environmental concerns impacting the growth of coal sector will be discussed.