The National Coal Index has shown a significant decline of 17.54 % in November 2023 at 155.09 points compared to November 2022, where it was at 188.08 points, which indicates a strong supply of coal in market, with sufficient availability to meet the growing demands.
Similarly, the NCI for Non-Coking Coal stands at 143.52 points in November 2023, reflecting a decline of 25.07 % compared to November 2022, while Coking Coal stands at 188.39 points in November 2023, with a growth of 5.79% compared to corresponding period of last year. The peak of NCI was observed in June 2022 when the index reached 238.83 points, but subsequent months have experienced a decline, indicative of abundant coal in the Indian market.
The downward trend in the NCI signifies a more balanced market, aligning supply and demand. With sufficient coal availability, the nation can not only meet the growing demands but also support its long-term energy requirements, thus building a more resilient and sustainable coal industry and securing a prosperous future for the nation.
