Indian Railways has fallen short of its previous year’s freight loading figures, for the very first time in the last 40 years. With the freight loading figure at 1,209 million tonnes, it is almost 14 million tonnes short of its freight figures as of the last financial year’s end, according to an IE report.
The infrastructure sector got a big boost in the financial year 2019-20, with the National Highways Authority of India (NHAI) accomplishing construction of 3,979 kilometres of national highways across the country. According to the Ministry of Road Transport and Highways, this is the highest highway construction ever achieved by the NHAI in a financial year.
Thermal power plant load factor or capacity utilisation could fall below the ideal 55% level in the current fiscal due to the impact of COVID-19, India Ratings and Research (Ind-Ra) said.
The rating agency estimates the pandemic could lead to the thermal plant load factor (PLF) falling below 55% for 2020-21, closer to the technical minimum standards, on account of a gradual ramp-up in industrial load and the already muted electricity demand.
India’s coalimport in March stood at 15.74 million tonnes (MT), down 27.5% over last year, due to restrictions imposed at various ports in the wake of coronavirus outbreak in the country. The country had imported 21.72 MT of coal in March last year, according to mjunction services.
However, the country’s coal import registered an increase of 3.2% to 242.97 MT in 2019-20 against 235.35 MT in 2018-19.