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India Cheers the Return of King Coal as Industry Sees Buoyant Future



March 1, 2023 - India's coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand, rising supply from new mines and strong demand for imports.

"King coal is coming back and coming with a big bang," Anil Kumar Jha, the chairman of Jindal Power Ltd., told the Coaltrans India conference, held this week for the first time since February 2020.

Overall, it appears the positive mood of India's coal sector is justified, especially in the short term. But their vision of massive increases in output and demand for decades to come may yet prove overly optimistic.