India's Coal Output Jumped 3.6% in December
Market Intelligence Analysis
AI-PoweredIndia's coal output increased by 3.6% in December, exceeding the monthly target, but coal production for the first three quarters of the current fiscal year is down by 0.64% compared to the same period last year.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
India produced 101.45 million tons of coal last month, which represented a 3.6% increase on a year earlier, the Hindu reported today, noting the amount exceeded a monthly target of 87.06 million tons. Over the first three quarters of the current fiscal year, however, India’s coal production is down by 0.64% on a year earlier, at 721.65 million tons, the publication also reported. India’s fiscal year runs from April 1 until March 31 the following year. The decline is at least partially attributable to disruptions caused by the monsoon…
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