Coal India April shipments fall 25.5% as lockdown erodes demand

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Coal India April shipments fall 25.5% as lockdown erodes demand

first_imgCoal India’s shipments in April slumped 25.5 percent 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 percent 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. The pandemic has only served to hasten its demise. The lockdown in India has shut factories and offices slashing electricity demand by about a quarter, affecting the use of coal and causing inventories to swell to record levels.z India extended the stay-at-home restrictions for most parts of the country for another two weeks starting May 4.“Coal India’s output is expected to remain muted until demand starts picking up,” Rupesh Sankhe, an analyst at Elara Capital India in Mumbai, said before the company reported the data. “It will probably look at new customers, especially those that depend on imported coal, to shore up shipments.”Despite the demand for the fuel crashing, the miner has set a higher output and shipments target for the fiscal year that began April 1 on expectations of a revival after the lockdown is lifted, coal minister Pralhad Joshi said last week.Topics :last_img read more

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Women’s Tennis Drops Season Opener To SIUE

first_img 1. Frogner, Mia/Hollebeck, Tiffany (SIUE) def. Brills, Summer/Lomas, Joely (DU) 6-3 3. Aranda, Lexi/Steffes, Morgan (SIUE) def. Kozlowski, Alex/Jaglarz, Mela (DU) 6-0 The Bulldogs found a bright spot at No. 1 and No. 2 singles.Herder won in straight sets to give Drake its first point, defeating Mia Frogner 6-2, 7-5 at No. 2. Brills recorded the matches’ final point by beating Lexi Aranda 6-4, 6-4. Tess Herder and Kenya Williams gave Drake a chance to win the double point after a dominating 6-1 victory at No. 2 doubles. But the Cougars came away with the doubles point as Mia Frogner and Tiffany Hollebeck secured the point with a 6-3 win over Summer Brills and Joely Lomas at No. 1 doubles. SIUE 5, Drake 2Jan. 22, 2017 at Des Moines, Iowa (Roger Knapp Tennis Center)  Match Notes 2. Herder, Tess/Williams, Kenya (DU) def. Tupper, Lara/Link, Ann-Christine (SIUE) 6-1 Order of finish: Doubles (3,2,1); Singles (6,4,3,5,2,1) 1. Brills, Summer (DU) def. Aranda, Lexi (SIUE) 6-4, 6-4 4. Hollebeck, Tiffany (SIUE) def. Kozlowski, Alex (DU) 6-1, 6-2 Drake 0-1 SIUE 1-0 6. Adams, Callaghan (SIUE) def. No player (DU) Won by default DES MOINES, Iowa – The Drake University women’s tennis team fell to SIUE, 5-2, in the Bulldogs’ season opener on Sunday at the Roger Knapp Tennis Center. Doubles competition Box Score  Print Friendly Version 2. Herder, Tess (DU) def. Frogner, Mia (SIUE) 6-2, 7-5 Singles competition Story Links 3. Steffes, Morgan (SIUE) def. Williams, Kenya (DU) 6-4, 6-1 5. Tupper, Lara (SIUE) def. Jaglarz, Mela (DU) 4-6, 6-0, 6-2 The Bulldogs return to action on Saturday, Feb. 4 when they host South Dakota.last_img read more

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