World Bank: India to produce 1,090Mt coal by 2026
Business
India is gearing up for its biggest year ever in coal, with the World Bank predicting a record 1,090 million tons produced by 2026.
This boost comes as the country ramps up output from both captive and commercial mines, especially important now that global coal supplies are getting tighter.
India coal demand rises to 1,350Mt
Coal demand in India is expected to jump by 4.2%, reaching about 1,350 million tons, thanks to busy factories, more power use, and heatwaves cutting into hydropower.
With China's supply dropping and El Nino pushing up electricity needs, global coal prices could climb around 25% this year.
India's goal? Rely less on imports and strengthen domestic supply.