Rising domestic demand, higher volumes augur well for Coal India stock

India is seeing all-time high peak power and energy demand growth (21 per cent, 15 per cent YoY in Aug'23) and seeing increasing shortage during non-solar hours

Demand for coal is likely to rise as the economy revives. There’s increasing energy demand due to higher economic activity and demand for industrial metals is also rising.

Demand for steel has also pushed the demand for coal, both as a raw material and energy, which is also a key input for the production of other industrial metals.

Cement manufacture is also energy-intensive and requires specific classes of coal. Globally as well, coal prices have firmed up.

India has seen all-time high peak power and energy demand growth (21 per cent and 15 per cent year-on-year or Y-o-Y in August)