Whalesbook
India's coal production and despatch declined for the second consecutive month in October, largely due to reduced demand from the power sector and lower overall electricity consumption. Coal production fell 8.5% year-on-year to 77.43 million tonnes, and despatch dropped by nearly 5% to 80.44 million tonnes. This also impacted railway rake loading for coal and led to significant price drops on power exchanges. Despite short-term headwinds, domestic coal production is projected to grow annually to meet future demand.