Global miner Peabody eyes sales opportunity in India's rising coal imports

The ministry of coal has not yet released data on the total imports by India for 2017-18

Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president and chief executive officer (CEO) of the company, said Indian imports of coal rose a sharp 21 per cent in February, “nearly offsetting reduced demand from China” He made the comments in an earnings call with analysts as reproduced in Seeking Alpha last week. His comments show that despite attempts by the Indian government to push production of domestic coal, global miners see no cause for worry.
 

“Through March, Indian imports were up 6 million tonnes compared to the