The power ministry has asked around 15 imported coal based plants to maintain enough stock to operate at full capacity through June 30 to meet summer power demand
India primarily imports thermal coal from South Africa and Indonesia, and average prices from these countries decreased by approximately 54 percent and 38 percent respectively during April 2023 to January 2024 as against a year ago.
A drop in prices towards the end of 2023 pushed up South African thermal coal shipments to India by 74% to 4.7 million metric tonnes in November-December from a year ago.
JSPL has reduced debts and currently focusing on higher volumes and cost-saving projects