financetom
Business
financetom
/
Business
/
Coal crisis: Economies back to normalcy leading to rampant demand, says Care Advisory & Research
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Coal crisis: Economies back to normalcy leading to rampant demand, says Care Advisory & Research
Oct 12, 2021 7:46 AM

Care Advisory & Research on Tuesday said economies are coming back to normalcy leading to rampant demand and that is driving energy prices reflecting in the demand-supply mismatch.

In an interview with Tushar Shah, the director, said, "Australia and Indonesia are the two countries which are the biggest exporters of coal. India is one of the largest coal importers. So definitely, assets or companies in those geographies are likely to have the benefit of inflated prices notwithstanding, one will have to look at whether they have fixed-price contracts with their customers and what kind of prices change in their real deliveries. If there are long-term contracts and commitments, one would have to still abide by the same. So with all of those, obviously, one will have to really take a look at it in terms of how much windfall can come in."

Also Read: Power crisis: Coal shortage situation improving, say experts

The global energy shortage is echoing around the world and India is no exception. Coal stocks at the various power plants in India are at critically low levels. Several states are reporting power outages and are sounding the alarm bells over possibly more possible blackouts.

The chief ministers of Delhi and Andhra Pradesh have written to Prime Minister Narendra Modi seeking his intervention. Union home minister Amit Shah held a meeting with power minister RK Singh, coal minister Pralhad Joshi on Monday along with other senior officials to discuss the current supply situation and coal shortage hassles.

Also Read: High coal cost will continue to put pressure on margin: Tata Metaliks

For the entire interview, watch the video

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Copyright 2023-2026 - www.financetom.com All Rights Reserved