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The Core Sector Growth Look Upbeat With Increase in Coal Production

India's coal production has surged by 11% in the first 45 days of 2015-16, assuming greater significance as it comes on the back of the highest increase in output in 40 years recorded last fiscal.

Source: ET

SNP Insights:

The record increase (11%) of coal production is certainly a silver lining for end user industries. The positives like speedy clearance cycle, fast land acquisition and dedicated freight corridors are destined to enable more investment to the future coal projects.With this scenario in place the much awaited improvments in the coal production for the country seems to be on track which would be a defining moment for primary consumers like power, cement and steel industry to renew the withering interests of investors and market participants.