India's thermal energy landscape in FY'24

India's imports of non-coking coal edged up by around 10% y-o-y in 2023 to close to 180 mnt, as India's economic and infrastructural growth put increased burden on energy consumption and domestic resources. Over 80% of India's thermal coal demand is for power generation. India's current electricity generation mix constitutes coal (77%) followed by renewables (23%).