“Demand for imported coal will always be there, regardless of our domestic production," said Prakash. India will be a key destination for coal from Adani’s Carmichael mine in Australia’s Galilee basin, Prakash said. Slowing industrial demand also helped, creating hordes of coal inventories near mines and power stations. Recently, the country’s commitment to reduce imports has been put to the test as demand rebounded. India imported 166 million tons last year, Prakash estimated, the second consecutive gain after two years of declines.

Source: Mint May 10, 2019 06:00 UTC