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RNCOS Research: Coal India Hikes Target To Meet Production Deficit Gap
RNCOS Research: (http://www.marketsmonitor.com/category/IM0371.html) In order to reduce the demand supply gap for coal, the government is zealously attempting to revamp production capacity and procurement channels.
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Coal India Ltd (CIL) has raised its production target by about 4.8% for the year 2006 to 363MT. A mechanism has been devised, with the objective of enabling the captive blocks of private companies to sell coal to the nearest public sector coal companies. To develop and produce coal, suitable for captive consumption purposes, a total of 46 virgin blocks, with a total reserve of 5Bn tons have been identified. The Ministry is of the opinion that a mechanism has to be in place for encouraging the owners of these blocks to develop captive coalmines.
Panelist of Coal India Ltd (CIL) assert that by 2025, other than coking and low ash non-coking coal, the country would become largely self reliant for its coal requirement, minimizing the need for import.
However the current market trends are sans such optimism. An analysis of the Indian Coal industry reveals the glaring gap between the estimated demand & supply of coal in India at the end of 10th 5-year plan (2006-07). RNCOS in its latest market research reports an estimated gap of 55MT in the same period. With an AAGR of 14%, the gap is projected to increase by 70% by 2011-12.
RNCOS market research report Indian Coal Industry: Opportunities for Growth (2006) reviews the current status and the emerging trends and developments in the Indian coal industry. The report presents a comparative analysis of global Coal industry with a focus on the performance of the key players. Current coal projects also find a mention in the report.
RNCOS report focuses on the following facts of the Indian Coal Industry:
- Indias coal produce is the third largest in the world.
- Indias coal reserves of approx. 200Bn Tons is the 4th largest in the world. These deposits are
- concentrated in the eastern, central and southern parts of the country.
- About 70% of the total energy requirement of the country is met with coal.
- With the current average daily coal extraction capacity of around 0.8 million tons, the reserves are likely to last for over 10 decades.
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