National Coal Index Falls 3.48% in June

The National Coal Index (NCI) in India has decreased by 3.48% in June 2024, recording 142.13 points compared to 147.25 points in June 2023, signaling ample coal availability to meet rising demands. The decline reflects stable coal supply and an equitable market, with substantial growth in coal production of 14.58% during the same period, significantly contributing to the nation's energy security. The NCI, which aggregates prices from various sales channels, serves as a reliable indicator of market dynamics. Additionally, the sharp drop in coal auction premiums further confirms sufficient market supply. This trend supports the broader goal of enhancing domestic coal production and reducing reliance on imports, paving the way for a more resilient coal industry.