• Amid nationwide coronavirus lockdown, state-owned Coal India has extended the deadline from April 23 to May 10, for submission of expression of interest (EoI) from power generation companies (gencos) for rationalising coal linkages. The linkage rationalisation refers to transfer of coal supply source of a power plant from a far-end mine to the nearer one.
  • Compared to the sharp decline in EXIM trade, major port volumes declined by a modest 5% y-o-y in Mar’20. The decline was led by container volumes which fell sharply by 12% y-o-y (in TEU terms; 9% y-o-y in tonnage terms). Ex-containers, major ports’ volumes declined by 3.2% y-o-y in the month.

  • Amid nationwide coronavirus lockdown, state-owned Coal India has extended the deadline from April 23 to May 10, for submission of expression of interest (EoI) from power generation companies (gencos) for rationalising coal linkages. The linkage rationalisation refers to transfer of coal supply source of a power plant from a far-end mine to the nearer one.
  • Coal India Limited (CIL) will produce 710 million tonnes (MT) of coal in the current financial years and the company’s coal offtake target will be at the same level. CIL’s pithead stock was at 75 MT as on March 31. The company closed fiscal 2019-20 with coal production of 602.14 MT, against the target of 660 MT.
  • India’s GDP is likely to range between a decline of 0.9% and a growth of 1.5% in the current financial year, with the economy undergoing a “turbulent” phase caused by the coronavirus-induced lockdown, according to Confederation of Indian Industry (CII).
  • The country’s crude steel output decline 14% to 8.65 million tonne (MT) during March 2020 against 10.04 MT of crude steel during the same month a year ago, according to a report by the World Steel Association. India has been observing a nationwide lockdown since March 25, which has impacted production, demand and supplies of steel in the country.
  • In March 2020, the global steel output was also down by 6% to 147.05 MT as compared with 156.51 MT in March 2019.