BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
CareEdge Research Report
Domestic coal production reached 205.6 million tonnes in Q1 FY23, registering a 32% growth over the same period in FY22, on account of the low base effect.
The global benchmark (South African thermal coal) had crossed its all-time high price of around $200 per tonne (which was seen in October 2021) and peaked at around $300 per tonne in April 2022 before settling at $285 per ton in June 2022.
During FY23 (up to May), the total coal imports declined by 1.8% over the same period in FY22, which is mainly on account of high international coal prices.
Our estimates the domestic coal production to be in the range of 850–900 million tonne during FY23 with significant upside potential.
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