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Coal India April shipments fall 25.5% as lockdown erodes demand

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Shipments dropped to 39.1 million tons in the month, the Coal India said in a filing late Friday Shipments dropped to 39.1 million tons in the month, the Kolkata-based miner said in a filing late FridayCoal India Ltd.’s shipments in April slumped 25.5% from a year earlier after more than a month-long nationwide lockdown halted economic activity, eroding demand for India’s most dominant energy source.

Shipments dropped to 39.1 million tons in the month, the Kolkata-based miner said in a filing late Friday. Output declined 10.9% to 40.4 million tons.

Global coal demand is heading for its biggest annual drop since World War II with burning the fuel to make electricity becoming unprofitable and socially untenable in several countries.

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United States
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India
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